A Country in West Africa, Often referred to also as the Giant of Africa. Currency is called Nigerian Naira (NGN)
Egypt Tops Africa’s H1 2026 Startup Funding, But Nigeria Reclaims the Equity Crown
Egypt became Africa's top funding destination in H1 2026 with $327 million, largely from Spiro's mega-round. Nigeria outpaced Egypt in equity funding with $214 million, marking its strongest showing since 2022.
M-KOPA reaches 10 million customers, six years after its first million
M-KOPA serves 10 million customers across Kenya, Uganda, Nigeria, Ghana, and South Africa. The company onboards about 10,000 customers daily as it scales its lending business.
Africa Sees Strong Recovery in Startup Investment
African startups secured $3.9 billion through 506 funding deals in 2025. Technology startups attracted more than $4 billion in funding, marking a 25% year-on-year growth.
Why African crypto startups are getting into the lending business
Digital asset startups in Africa are introducing crypto-backed loans to assist cash-poor consumers. Busha, a Nigerian fintech, launched crypto-backed loans allowing users to borrow up to 50% of their Bitcoin and Solana value.
Blockchain Captured 5.3% of Africa’s Venture Funding in 2025, Near 2x the Global Rate
Blockchain accounted for 5.3% of all African venture funding, nearly double the global share of 3%. It represented 6.9% of Africa’s total venture deal count, up from 6.1% in 2024.
