Mitchell Elegbe, Interswitch CEO
Nigeria continues to dominate the startup ecosystem in Africa in terms of the number of innovative companies springing up by the day. With this, it is not surprising that the country is attracting the largest funding across the continent as foreign and local investors inject more funds into its young innovators.
According to Africa Tech and Fintech report by Renaissance Capital, Nigerian tech startups raised a total of $678 million in 107 different deals between January and April this year. The country accounted for 31% of the total funds raised by African tech companies in the four months, which stood at $2.2 billion.
Recommended Reading: Top Fintech apps in Lagos, Nigeria in 2022
Although not as much as was recorded in the preceding quarter, Nigerian tech startups in Q2 202 also raked in millions of dollars from Venture Capitals and Angel Investors covering different stages of investments.
Here are the top 10 tech startup deals that made the news in Q2 2022:
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