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Start-up funding in financial services in West Africa 2010-2019, by sub-sector

Within the period of 2010 and 2019, West African financial services start-ups in payments raised an amount of approximately 239 million U.S. dollars, which was the highest and covered 68.3 percent of all West African start-up funding in this sector in that same period. This was followed by credit service providers, which accounted for 19.5 percent (68.34 million U.S. dollars) of the total funding. Solution providers registered the least of funding raised compared to the other sub-sectors.

Value of start-up funding in financial services in West Africa from 2010 to 2019, by sub-sector

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Source

In cooperation with
Techpoint Africa
Release date

September 2020

Region

Africa

Survey time period

2010 to 2019

Supplementary notes

The source explains that startups in this statistic have been founded in the West African region with at least one West African co-founder, and has raised a million dollar cumulatively between 2010 and 2019. Start-up funding in this data refers to the amount raised by a start-up company.

Figures have been rounded.

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