The African continent had several announcements in the fintech space this past August. For instance, African startups raised almost US$350M during the first quarter of this year, which is a 37% increase compared to last year of US$256M.
The following were the top countries, which combined earned 85% of investments: South Africa (US$112M), Nigeria (US$74M), Kenya (US$62M) and Egypt (US$51M).
Besides just funding announcements, there were other noticeable partnerships and collaborations. Here were some of those key news headlines from August 2020 across Africa: