African Private Capital Association: VC inflows to Africa fell 22% YoY to $3.6B in 2024, after a 31% YoY drop in 2023; fintechs had 116 deals raising $1.4B (Ruth Olurounbi/Bloomberg) – Monkey Viral

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African Private Capital Association: VC inflows to Africa fell 22% YoY to $3.6B in 2024, after a 31% YoY drop in 2023; fintechs had 116 deals raising $1.4B (Ruth Olurounbi/Bloomberg)

Ruth Olurounbi / Bloomberg:

African Private Capital Association: VC inflows to Africa fell 22% YoY to $3.6B in 2024, after a 31% YoY drop in 2023; fintechs had 116 deals raising $1.4B — Venture capital funding for African startups shrank again last year, though the share of home-grown investors advanced.