#fintech funding

FINNY, a leading developer of an AI-powered financial client marketing and prospecting platform, has successfully raised $17 million in a Series A funding round. The round was led by Venrock and included participation from investors such as William McNabb and Jason Winokur, along with existing backers including Y Combinator, Maple VC, and Crossbeam Ventures. The new funding underscores investor…

Despite seeing their share of Africa’s startup funding drop from 48.3% seen in 2021 to 43.4% in 2022, fintech still managed to raise 39.3% more capital in 2022 ($1.45 billion) than they did in 2021 ($1.04 billion). Nigeria was again the best-funded country after 180 of its startups raised a combined US$976,146,000 or 29.3% of the African continent’s total. Big Four’s Share Drops According to…

Report: Africa Fintech Startups Raised $2 Billion in 2021

Africa’s fintech startups are reported to have raised $2 billion in the past year alone. This amount dwarfs the $231 million that was raised in the year 2020. Nigerian startups continue to account for the biggest share of funds raised by the continent’s fintechs in 2021. 2021 Has Highest Number of Reported Deals The capital raised by Africa-based fintech startups in 2021 shot to $2 billion, a…

India attracted $2.7 billion in fintech investment in 2020: KPMG report

The fintech space in India continued to attract investments in 2020 despite the Covid-19 pandemic. According to a new KPMG report, India saw $2.7 billion in fintech investment in 2020. It was also the second-highest amount ever recorded. The investment had peaked at $3.5 billion in 2019. The report noted that the majority of investments came in the first half of the year. The second half,…