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African Start-up Investments Decline for the First Time in a Decade

In a report, Partech Partners said companies on the continent raised $1.43 billion in 2020, down by 29% from a year ago, which was just two deals above $50 million closed last year compared with 10 in 2019.
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Nigeria’s Fintech Kuda Secures $10M in Seed Funding

According to Ogundeyi, “We want to bank every African on the planet, wherever you are in the world.” It’s starting first in its home market: since launching in September 2019, it has picked up around 300,000 customers, first consumers and now also small businesses, and on average processes over $500 million of transactions each month.
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