in 2024, 75% of all equity funding secured by African fintech startups went to 10 companies. These firms, which span category including digital banking and payments raised a cumulated us$673 million in the top 10 fintech equity rounds of 2024, new data released by Afridigest, a media and information services platform focusing on the African continent revealed.

African fintech startups raised a total us$1.55 billion in 2024. With 58% of that amount going towards equity financing. Much of that sum went to fast growing fintech startups, with MNT -Halan,TymeBank and Moove Securing the three latest rounds of the year.

Egypt-based MNT-Halan raised the biggest rounds of 2024.securing us$260million in equity funding in February and reaching a post money valuation of us$1billion.