African fintech funding dropped 16% in Q1 as VCs target AI-powered startups
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
African Fintech Funding Overview: In Q1 2025, African fintech companies raised $117 million, a 16% decline from the previous quarter and a 10.6% decrease compared to the same period last year, while globally, fintech funding surged to $10.3 billion, driven by significant investments in AI solutions.
Key Players and Trends: The majority of funding in Africa went to early-stage startups, with notable raises including South Africa's Naked at $37 million and Egypt's Khazna at $16 million; however, the overall number of deals has been declining since Q3 2023, indicating reduced confidence in older startups.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
