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Top 14 investors in Sub-Saharan Africa that took part in the most Seed funding rounds in FinTech industry over the recent years

Top 14 investors in Sub-Saharan Africa that took part in the most Seed funding rounds in FinTech industry over the recent years

Intro

The top 14 investors according to the total amount of funding rounds. These are VC funds and corporate investors in Sub-Saharan Africa that have invested in Seed stage over the last 5 years. They are actively investing in FinTech industry.
FinTech refers to the integration of technology into financial services in order to improve their use and delivery to consumers. It includes micro lending, payments, personal finance, and financial software.

Amount of funding rounds in FinTech is 20, which is 27.4% of the total amount of Seed rounds in Sub-Saharan Africa over the last 5 years.

Top 14 investors in Sub-Saharan Africa that took part in the most Seed funding rounds in FinTech industry over the recent years
data provided by Unicorn Nest

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Key takeaways

  • Funds Geography – The most common countries among top VCs are South Africa and Mauritius. They host 5 VCs each. There are also funds from Nigeria and Kenya. The most common city is Lagos which is home to 3 funds. There are also funds from NA – South Africa, Johannesburg and Ebène. VCs tend to invest in startups from The United States, but also invest in startups from South Africa, Nigeria, and Kenya. For 5 funds in the sample, the country of the funds’ establishment and the country of their most frequent investments coincide.
  • Industry Focus – The funds’ most common field for investments is Finance. They also invest in Banking, Enterprise Software and Telecommunications.
  • Important Years – The oldest fund in the sample was founded in 1862 and the newest one in 2018. In 2018 the most amount of funds were founded. VCs in the sample made the most deals in the period from 2005 to 2020. For some funds, 2020 was the year with the most amount of deals.
  • Investments – Usually VCs take part in 2 funding rounds per year, sometimes in 2 – 6. The minimum number of funding rounds for VCs in the sample is 2, the maximum is 97. Average number of funding rounds is 21.4 while median is 15.5. The most common amount of funding rounds for VCs in the sample is 2. Minimum amount of lead investments for funds is 0 and maximum is 20. Average amount of lead investments is 4.3 while median is 2.5. The most common amount of lead investments is 1. Index of difference in percentage points of lead investments from the average is between -47.92 and 29.0 for funds in the sample. The average value for this difference is -0.71 and the median is -0.17. It means that these funds act as lead investors less often than other funds. The most common value is 29.0.
  • Typical Rounds – Funds participate in rounds with 2 – 3 or 1 – 2 investors The most common round size for VCs in the sample is less than 100 thousands. Less common range is 50 – 100 million. A Funds’ average multiplicator for portfolio companies at the last known valuation is close to zero at minimum and 1.14 at maximum. Average value for this multiplicator is 0.27 and median is close to zero. The most common multiplicator value is close to zero.
FinTech Seed Sub-Saharan Africa
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