Two African Fintechs Raise $427M in First IPOs Since 2019 as 2025 Funding Set to Match 2023
- African startups raised $162 million in November 2025, with equity comprising 79% of the total.
- Thirty-two ventures raised $100,000 or more, including 16 deals above $1 million.
- Six companies secured over $10 million in funding, including SolarSaver ($60m) and nextProtein ($21m).
The significant increase in funding and the successful IPOs indicate a growing confidence in the African startup ecosystem. However, the challenge remains to maintain this momentum and surpass previous years' records, particularly with the upcoming December funding.
