Africa Egypt FA Fintech Kenya Nigeria SME South Africa Startup Tech Venture Capital

Key Africa Fintech highlights in August

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:

Also read: Is FinTech the wildcard to African SME recovery?

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