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    Venture Capital & Funding Sources

    The Anti-Herd: 12 Deals That Defied Africa’s Tech Funding Playbook in 2025

    In a year when "following the herd" described most African venture activity, these outlier deals stand out for actually taking risk. Which is, theoretically, what venture capital is supposed to do.

    I&P Secures $46.7m First Close for Third African Fund to Target the ‘Missing Middle’

    The veteran impact investor is targeting a $81.2m final close to back businesses in West Africa and Madagascar that are too big for microfinance but too small for traditional private equity.

    FSD Africa Launches $30m Fund to Back the Continent’s Next Wave of Insurtech Startups

    FSD Africa’s new venture launch signals a rare push to fund African startups at the riskiest stage — where capital is scarcest, impact is highest, and most investors still refuse to play.

    Morocco Activates $269M Liquidity Injection to Backstop Local VCs

    This marks one of North Africa’s most significant public interventions in venture capital to date.
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    South Africa’s Fintechs Face a Wave of New Data and Open Finance Rules — Here’s the Timeline

    Fintechs that treat this period as worth the resourcing cost are, at minimum, better positioned to anticipate the eventual rules than those that wait for a published standard to react to.

    Why Data Matters as Much as Capital in African Agricultural Finance

    Only 1% of bank lending goes to the agricultural sector in Africa —Desmond Koney, CEO of Complete Farmer, writes from Accra, Ghana.

    LemFi Acquires UK Wealth Platform Wealth8 in Push to Build Migrant Financial Hub

    London-based fintech adds investment services to remittance and credit offering after securing regulatory approval

    From Tax Bots to Farm Finance, Hyper-Local AI Is South Africa’s New Battleground

    In an ecosystem often criticised for importing foreign business models, this wave of localised AI, built on proprietary, hard-to-replicate datasets, represents a native competitive advantage.

    Latest articles

    South Africa’s Fintechs Face a Wave of New Data and Open Finance Rules — Here’s the Timeline

    Fintechs that treat this period as worth the resourcing cost are, at minimum, better positioned to anticipate the eventual rules than those that wait for a published standard to react to.

    Why Data Matters as Much as Capital in African Agricultural Finance

    Only 1% of bank lending goes to the agricultural sector in Africa —Desmond Koney, CEO of Complete Farmer, writes from Accra, Ghana.

    African Startup Deal Tracker — Newest Deals

    Here's a closer look at the notable under-the-radar investment activity we're tracking this month.

    Equity Dispute Puts OPay’s Employee Share Scheme Under Scrutiny Ahead of Potential IPO

    A Lagos labour court has dismissed a former employee's claim to shares he says were owed under a stock option scheme, in a ruling that lands weeks after OPay began preparing for a US listing.