Wave is a mobile money startup operating in Africa, known for its low-cost financial services and significant user base.
The 10 biggest African startup fundraises in 2025
Global VC funding reached approximately $366.8 billion by late 2025. AI companies secured a record-breaking $192.7 billion, marking over half of all global VC funding.
Venture Debt Hits Record High, Surpassing Equity Investment in Africa’s Startup Scene
Venture debt has outpaced equity investment in Africa's startup ecosystem for the first time in 2025. Startups raised $1.6 billion in debt financing between January and September 2025.
Why the next wave of African unicorns will be built on retention, not acquisition
In 2024, African tech funding fell to $1.1 billion, a 50% drop from 2023. Customer acquisition costs for African startups have reached their highest levels in history.
Nala, Wave, Stitch, and nine other African startups make Norrsken’s 2025 Impact 100 list
The Norrsken Foundation curated the Impact/100 list from over 1,400 nominations from various sectors. Twelve African startups were recognized, reflecting the continent's strength in fintech, cleantech, and agritech.
Inside the Minds of Africa’s Most Successful Startup CEOs
In 2024, African startups raised $2.8 billion, with Nigeria, Kenya, South Africa, and Egypt leading the way. Olugbenga Agboola's Flutterwave reached unicorn status in March 2021 after raising over $170 million.
