• About Us
  • Advertise
  • Contact Us
  • Privacy Policy
Fintech Insights
  • Fintech
  • Banks
  • Fraud Watch
  • Interviews
  • Markets
  • Startups
  • Fintech Jobs
  • Investments
No Result
View All Result
Banking News, Fintech News, Business News From Fintech Insights
No Result
View All Result

African Startup Funding Surges 30% in November on Mega IPOs and Late-Stage Deals

Fintech firm Lula also raised $10 million in debt financing from the IFC to expand working-capital access for MSMEs.

Fintech Insights by Fintech Insights
December 19, 2025
Home Startups

Africa Startup Funding ecosystem posted one of its strongest rebounds of 2025 in November, driven by a surge in large, late-stage deals that sharply lifted overall capital flows despite a decline in deal volume.

Data shows that the top 10 funded startups raised a combined $573 million, accounting for 97.14% of the $589.9 million raised by 38 startups during the month. By contrast, the remaining 28 startups attracted just $16.9 million, underscoring the continued concentration of capital among a small group of mature, scale-ready companies.

ALSO: TikTok Secures Oracle-Backed Agreement to Meet U.S. National Security Rules

The November performance marked a 29.7% month-on-month increase from October 2025, when African startups raised $441.9 million across 59 deals, with the top 10 companies accounting for $388.6 million. While deal activity slowed significantly, funding volumes accelerated, reflecting a market increasingly shaped by mega-transactions rather than broad-based early-stage activity.

Mega deals drive November surge

 

The sharp increase in funding was propelled by two major IPOs, sizeable renewable-energy financings, and renewed investor appetite for late-stage fintech companies. Of the 38 startups that raised capital, just 10 absorbed nearly all available funding, highlighting persistent investor selectivity amid tight global financial conditions, elevated interest rates, and cautious risk sentiment.

The data points to a funding environment where capital continues to favour startups with proven revenue models, scalable infrastructure plays, and clearer exit pathways, while early-stage ventures and smaller rounds remain constrained.

Top funded startups in November

 

At the lower end of the top 10, Kenya featured with two $5 million raises. BasiGo secured $5 million from Proparco to expand its electric bus operations in Kenya and Rwanda, while Jackfruit Network raised a $5 million debt facility to scale lending to low-cost schools.

Southern Africa maintained a strong showing across multiple sectors. Plentify raised $5 million in an oversubscribed Series A to expand its AI-driven energy optimisation platform, while agritech startup SwiftVEE secured $10 million to digitise livestock trading. Fintech firm Lula also raised $10 million in debt financing from the IFC to expand working-capital access for MSMEs.

In the mid-tier, Omnisient attracted $12.5 million in Series A funding led by TransUnion, signalling renewed interest in deeptech and alternative credit data solutions. West Africa recorded a notable energy deal as SolarX raised $17.3 million in senior debt to refinance solar assets across francophone markets.

North Africa featured prominently with nextProtein raising $20.7 million in Series B funding to build a large-scale insect protein facility, marking British International Investment’s first direct investment in Tunisia.

At the top end of the market, renewable-energy financier SolarSaver raised $60 million to expand SME solar access, while Moroccan fintech CashPlus completed an $82.5 million IPO, becoming the first fintech to list on the Casablanca Stock Exchange.

The month’s largest transaction came from Optasia, which raised $345 million through an IPO on the Johannesburg Stock Exchange. The deal alone accounted for 58.48% of total funding in November and more than 77% of Southern Africa’s funding haul.

Regional and country concentration

 

Southern Africa dominated the funding landscape, attracting $445.9 million, equivalent to 75.59% of total capital raised. South Africa alone accounted for $442.5 million. Northern Africa followed with $105 million, while Eastern and Western Africa each attracted less than 4% of total funding.

At the country level, the disparity was even more pronounced. South Africa led overwhelmingly, followed by Morocco and Tunisia. Nigeria, by contrast, recorded just $0.7 million, accounting for 0.12% of total funding in November.

Fewer deals, larger cheques

Compared to October, total funding rose by $148 million, while deal count fell by 35.6%. The share of capital captured by the top 10 startups jumped from 88% to 97%, reinforcing the return of mega-deals and IPO-stage liquidity events.

Investor sentiment

November 2025 stands out as one of the strongest funding months of the year for African startups by value. While deal activity remains subdued, the surge in funding reflects renewed confidence in late-stage African ventures, particularly across fintech, renewable energy, deeptech, and mobility.

Overall, the data suggests investors remain cautious but decisive deploying large pools of capital into African startups with proven traction, resilient business models, and clear paths to profitability and exit.

Related

Fintech Insights

Fintech Insights

Next Post
Top 5 Nigeria Tech Stories 2025

Top 5 Nigeria Tech Stories 2025

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Gravatar profile

Subscribe.

Recommended.

Paystack

Paystack Acquires Ladder Microfinance Bank, Enters Regulated Banking and Lending in Nigeria

January 15, 2026
Fintechs

FG Directs Banks, Fintechs to Charge 7.5% VAT on Electronic, USSD Banking Services

January 15, 2026
UBA Shares

NGX Lists 3.16bn New UBA Shares as Bank Crosses CBN N500bn Capital Threshold

January 15, 2026
$2bn Energy Transition Fund

FG Unveils $2bn Energy Transition Fund, Seeks $30bn Annual Investment

January 14, 2026
World Bank

World Bank Projects Nigeria’s Fastest Growth in a Decade at 4.4% in 2026, 2027

January 14, 2026
FairMoney MD

FairMoney MD Says Bank–Fintech Collaboration Key to Financial Inclusion, Nigeria’s $1tn Economy Goal

January 13, 2026
CBN Policy

CBN Policy Squeezes Private Sector Credit Despite Strong Liquidity, Raises 2026 Turning Point Hopes

January 13, 2026
PalmPay

Premier Cool, PalmPay Launch N100m ‘10K for 10K’ Promo to Reward 10,000 Nigerians

January 13, 2026

Fintech Insights

Get Latest Banking News, Fintech News, Business News, Mobile Banking Innovations, Digital Payments, Regulations, and Expert Insights From Fintech Insights

Office Address & Email

Noland House, 12 – 13 Poland Street, London, W1F 8QB

editor@thefintechinsights.com

 

Recent News

Paystack

Paystack Acquires Ladder Microfinance Bank, Enters Regulated Banking and Lending in Nigeria

January 15, 2026
Fintechs

FG Directs Banks, Fintechs to Charge 7.5% VAT on Electronic, USSD Banking Services

January 15, 2026
UBA Shares

NGX Lists 3.16bn New UBA Shares as Bank Crosses CBN N500bn Capital Threshold

January 15, 2026

Categories

  • Agritech
  • Banks
  • Companies
  • Dividends
  • Fintech
  • Fintech Jobs
  • Fraud Watch
  • Inclusion
  • Income Tax
  • Interviews
  • Investments
  • Lending
  • Loans
  • Markets
  • Money
  • Oversight
  • Partners
  • Regulatory
  • Spotlight
  • Startups
  • Top Stories
  • Uncategorized
  • YouTube

  • About Us
  • Advertise
  • Contact Us
  • Privacy Policy

© TheFintechInsights.com

No Result
View All Result
  • Fintech
  • Banks
  • Fraud Watch
  • Interviews
  • Markets
  • Startups
  • Fintech Jobs
  • Investments

© TheFintechInsights.com