70% of African startups fail in the first 5 years; Clarus believes it’s a go-to-market problem
TechCabal - Nov 21, 2025
Joovlin, a Nigerian fintech, shut down after failing to grow its user base sufficiently to sustain operations. Experts estimate that around 70% of African startups fail within their first five years, with funding issues often cited as a primary cause.
Ventures Platform closes $64 million, elevating Nigerian government as investor
Bendada.com - Nov 06, 2025
Ventures Platform raised $64 million in the first close of its $75 million fund. The Nigerian government is backing the fund through the iDICE program.
Rally Cap Completes Partial Exit from South African Fintech Stitch
Tech In Africa - Jul 21, 2025
Rally Cap partially exited its investment in Stitch after the company secured a $55 million Series B funding round. Stitch experienced significant growth, raising $55 million in April 2025, led by QED Investors and other prominent investors.
Oui Capital urges fintech investors to prioritise Africa’s cross-border payments infrastructure
Techpoint Africa - May 27, 2025
The cross-border payments market in Africa is projected to grow from $329 billion in 2025 to $1 trillion by 2035. Ignoring the underlying infrastructure could mean missing out on valuable opportunities in the fintech sector.
Digital payments to power Africa’s $1 trillion cross-border market by 2035, Oui Capital says
TechCabal - May 27, 2025
Africa's cross-border payments market is projected to reach $1 trillion by 2035, up from $329 billion in 2025. Remittance inflows in Africa hit nearly $100 billion in 2023, accounting for 5.2% of the continent's GDP.