The dominance by fintechs in 2021 eventually culminated into a period with “the highest number of single, non-M&A deals above $100 million.” fintechs capitalraise
Fintech groups also dominate in terms of funding that exceeds $50 million, with a 40% share of the total number of tech firms.Out of the $4.9 billion in funding that was raised by African technology companies in 2021, almost two-thirds of this went to fintech companies, data from a new report has shown. In terms of deals wherein the capital raised exceeded $40 million, fintechs accounted for 40% of such deals.
Meanwhile, the report suggested that the Covid-19 pandemic could well be the main explanation for the surge not only in the funding of fintechs, but non-fintech firms as well. “Logistics and energy follow by volume of funding but the most recent wave of digitization — perhaps boosted by Covid-19 — is propelling sectors such as e-commerce, agriculture and healthcare,” concluded the study report.However, the same report does concede that most of the funds raised in 2021 were concentrated in a few projects. The report explains:
Although highly concentrated in a few cases, [which] only represents less than 3% of total disclosed deals but captures over 55% of total disclosed funding, this investment size carries significant weight and acts as a pull factor for several investors. Besides equity financing, the Africa Investment Report data shows that debt financing is increasingly becoming a viable funding route. To support this assertion, the report points to the fact that 6% of total disclosed funding in 2021 was debt financing.In terms of the origins of the late-stage investors, the data shows that the United States is by far the biggest source of capital for Africa tech companies with a 62.5% share.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Box Office: ‘Spider-Man’ Stays No. 1, ‘355’ Opens to Paltry $4.8MA passion project for Jessica Chastain, the female spy action pic 'The 355' needed older moviegoers who are spooked by the omicron variant. It also got thrashed by critics.
Lire la suite »
Box Office: ‘Spider-Man’ Stays No. 1, ‘The 355’ Opens to Paltry $4.8MA passion project for Jessica Chastain, the female spy action pic 'The 355' needed older moviegoers who are further spooked by the omicron variant. It also got thrashed by critics.
Lire la suite »
Resale Start-up Twig Raises $35M in Series A Investment RoundThe start-up, which marries fintech with secondhand fashion, is looking to expand to Europe and the U.S. with the capital raised.
Lire la suite »
2021 weather year cost US $145 billion, deadliest since 2011, report saysLast year was the deadliest weather year for the contiguous United States since 2011 with 688 people dying in 20 different billion-dollar weather and climate disasters. Three of which were in California.
Lire la suite »
Bitcoin batters longs as liquidations copy May 2021 run to $30,000Bitcoin long liquidations are matching their dominance over shorts from May 2021.
Lire la suite »
Mercedes-Benz sales drop 5% but EV volume doubles | AutocarIt sold more than two million vehicles in 2021, but Mercedes was hit hard by supply bottlenecks
Lire la suite »