A small island nation in the Indian Ocean, Seychelles has emerged as a leader in blockchain funding in Africa despite its low crypto adoption rates.
What Africa’s 2024 blockchain funding says about investor priorities
Africa's blockchain funding dropped to $122.5 million in 2024, a 36% decrease from 2023. Seychelles attracted $38.85 million in blockchain funding, despite a 56% decline from the previous year.
Seychelles Leads African Blockchain Funding Amid Shifting Market Trends
Seychelles attracted 31% of all blockchain funding in Africa, totaling $38.35 million. In 2022, Seychelles secured $209 million in blockchain funding, which dropped to $89 million in 2023.
Seychelles dusts Nigeria, South Africa, others as it recieves 33% of Africa’s blockchain funding
Seychelles received 31% of all blockchain funding in Africa, totaling $38.35 million. In 2022, Seychelles received $209 million, representing 43% of African blockchain funding.
African Passports worth bragging about in 2025 per Henley Passport Index
Seychelles ranks as the most powerful African passport with visa-free access to 156 destinations. Mauritius follows closely with visa-free access to 151 destinations.
Seychelles, South Africa rule Africa’s blockchain roost with 95% of funding
Seychelles and South Africa accounted for 95% of venture funding in the blockchain industry in Africa in 2023. Seychelles blockchain startups raised $100 million from six deals while South African startups raised $29 million from 4 deals.
