{"id":12996,"date":"2021-10-06T10:59:08","date_gmt":"2021-10-06T08:59:08","guid":{"rendered":"https:\/\/ecomnewsafrique.com\/?post_type=news&#038;p=12996"},"modified":"2021-10-06T10:59:10","modified_gmt":"2021-10-06T08:59:10","slug":"west-africa-start-ups-break-continents-fundraising-record","status":"publish","type":"news","link":"https:\/\/ecomnewsafrique.com\/en\/2021\/10\/06\/west-africa-start-ups-break-continents-fundraising-record\/","title":{"rendered":"West Africa : Start-ups break continent&#8217;s fundraising record"},"content":"\n  \n    \n      \nIn the first nine months of 2021, West African technology companies raised $ 1.34 billion in the form of investment, the capital market analysis platform said in a recent report. African risk Baobab Insights. These funds were mobilized through 105 financing operations. \n\n    \n  \n\n\n  \n    \n      \nNot surprisingly, companies operating in the financial services sector have attracted more investors to this sub-region. The latter have carried out nearly 35 fundraising operations exclusively in West African fintechs. Nigeria has concentrated the majority of investments granted to West African fintechs. As of September 21, 2021, Baobab Insights reports, nearly $ 729.\n\n    \n  \n\n\n  \n    \n      \n1 million of investments have been directed to Nigerian financial services companies. 68% of the total fundraising operations carried out in fintechs in the sub-region were also carried out in Nigeria. It must be said that since 2018, fintechs continue to attract the most funding compared to other sectors of activity. Note that in 2021, two West African fintechs entered the very small circle of African unicorns. \n\n    \n  \n\n\n  \n    \n      \nThese are the Nigerian payment company Opay which, following a funding round of $ 400 million, reached a valuation of $ 2 billion, and the Senegalese payment company Wave which reached a valuation of 1, $ 7 billion, following a Series A round of $ 200 million. \n\n    \n  \n\n\n  \n    \n      \nThis became the first unicorn in French-speaking Africa. Transport and logistics companies rank second in terms of transactions carried out. \n\n    \n  \n\n\n  \n    \n      \nGlobally, West African start-ups continue to assert themselves on the continent. Over the first three months of the year, they generated $ 231.7 million, an amount up significantly from the $ 62.2 million achieved in the fourth quarter of 2020.\n\n    \n  \n\n","author":15,"featured_media":12990,"comment_status":"open","ping_status":"closed","template":"","tags":[1115,699,784],"location":[882],"class_list":["post-12996","news","type-news","status-publish","has-post-thumbnail","hentry","tag-actualite-2","tag-economy","tag-startup-2","location-west-africa"],"short_url":"https:\/\/bit.ly\/3adDjmp","have_related_news":"done","chapo":"In the first three months of the year, they raised $ 231.7 million. The arrival of the unicorns Opay and Wave further strengthened the fintechs of the sub-region.","media":{"src":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2021\/10\/startup-550x360.png","srcset":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2021\/10\/startup-550x360.png 550w","sizes":"550px","alt":"startup","width":550,"height":360,"ratio":0.58,"credit_photo":""},"media-news-header":{"src":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2021\/10\/startup-1138x658.png","srcset":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2021\/10\/startup-1138x658.png 1170w","sizes":"1170px","alt":"startup","width":1170,"height":658,"ratio":0.58,"credit_photo":""},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.9.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>West Africa : Start-ups break continent&#039;s fundraising record - Ecomnews Afrique<\/title>\n<meta name=\"description\" content=\"In the first nine months of 2021, West African technology companies raised $ 1.34 billion in the form of investment, the capital market analysis platform\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ecomnewsafrique.com\/en\/2021\/10\/06\/west-africa-start-ups-break-continents-fundraising-record\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"West Africa : Start-ups break continent&#039;s fundraising record - Ecomnews Afrique\" \/>\n<meta property=\"og:description\" content=\"In the first nine months of 2021, West African technology companies raised $ 1.34 billion in the form of investment, the capital market analysis platform\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ecomnewsafrique.com\/en\/2021\/10\/06\/west-africa-start-ups-break-continents-fundraising-record\/\" \/>\n<meta property=\"og:site_name\" content=\"Ecomnews Afrique\" \/>\n<meta property=\"article:modified_time\" content=\"2021-10-06T08:59:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2021\/10\/startup.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1211\" \/>\n\t<meta property=\"og:image:height\" content=\"700\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ecomnewsafrique.com\/en\/2021\/10\/06\/west-africa-start-ups-break-continents-fundraising-record\/\",\"url\":\"https:\/\/ecomnewsafrique.com\/en\/2021\/10\/06\/west-africa-start-ups-break-continents-fundraising-record\/\",\"name\":\"West Africa : Start-ups break continent's fundraising record - Ecomnews Afrique\",\"isPartOf\":{\"@id\":\"https:\/\/ecomnewsafrique.com\/#website\"},\"datePublished\":\"2021-10-06T08:59:08+00:00\",\"dateModified\":\"2021-10-06T08:59:10+00:00\",\"description\":\"In the first nine months of 2021, West African technology companies raised $ 1.34 billion in the form of investment, the capital market analysis platform\",\"breadcrumb\":{\"@id\":\"https:\/\/ecomnewsafrique.com\/en\/2021\/10\/06\/west-africa-start-ups-break-continents-fundraising-record\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ecomnewsafrique.com\/en\/2021\/10\/06\/west-africa-start-ups-break-continents-fundraising-record\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ecomnewsafrique.com\/en\/2021\/10\/06\/west-africa-start-ups-break-continents-fundraising-record\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Accueil\",\"item\":\"https:\/\/ecomnewsafrique.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"West Africa : Start-ups break continent&#8217;s fundraising record\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ecomnewsafrique.com\/#website\",\"url\":\"https:\/\/ecomnewsafrique.com\/\",\"name\":\"Ecomnews Afrique\",\"description\":\"Toute l&#039;information \u00e9conomique des pays d&#039;Afrique\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ecomnewsafrique.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"West Africa : Start-ups break continent's fundraising record - Ecomnews Afrique","description":"In the first nine months of 2021, West African technology companies raised $ 1.34 billion in the form of investment, the capital market analysis platform","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ecomnewsafrique.com\/en\/2021\/10\/06\/west-africa-start-ups-break-continents-fundraising-record\/","og_locale":"en_US","og_type":"article","og_title":"West Africa : Start-ups break continent's fundraising record - Ecomnews Afrique","og_description":"In the first nine months of 2021, West African technology companies raised $ 1.34 billion in the form of investment, the capital market analysis platform","og_url":"https:\/\/ecomnewsafrique.com\/en\/2021\/10\/06\/west-africa-start-ups-break-continents-fundraising-record\/","og_site_name":"Ecomnews Afrique","article_modified_time":"2021-10-06T08:59:10+00:00","og_image":[{"width":1211,"height":700,"url":"https:\/\/ecomnewsafrique.com\/app\/uploads\/sites\/4\/2021\/10\/startup.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/ecomnewsafrique.com\/en\/2021\/10\/06\/west-africa-start-ups-break-continents-fundraising-record\/","url":"https:\/\/ecomnewsafrique.com\/en\/2021\/10\/06\/west-africa-start-ups-break-continents-fundraising-record\/","name":"West Africa : Start-ups break continent's fundraising record - Ecomnews Afrique","isPartOf":{"@id":"https:\/\/ecomnewsafrique.com\/#website"},"datePublished":"2021-10-06T08:59:08+00:00","dateModified":"2021-10-06T08:59:10+00:00","description":"In the first nine months of 2021, West African technology companies raised $ 1.34 billion in the form of investment, the capital market analysis platform","breadcrumb":{"@id":"https:\/\/ecomnewsafrique.com\/en\/2021\/10\/06\/west-africa-start-ups-break-continents-fundraising-record\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ecomnewsafrique.com\/en\/2021\/10\/06\/west-africa-start-ups-break-continents-fundraising-record\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ecomnewsafrique.com\/en\/2021\/10\/06\/west-africa-start-ups-break-continents-fundraising-record\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Accueil","item":"https:\/\/ecomnewsafrique.com\/en\/"},{"@type":"ListItem","position":2,"name":"West Africa : Start-ups break continent&#8217;s fundraising record"}]},{"@type":"WebSite","@id":"https:\/\/ecomnewsafrique.com\/#website","url":"https:\/\/ecomnewsafrique.com\/","name":"Ecomnews Afrique","description":"Toute l&#039;information \u00e9conomique des pays d&#039;Afrique","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ecomnewsafrique.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/news\/12996"}],"collection":[{"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/comments?post=12996"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/media\/12990"}],"wp:attachment":[{"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/media?parent=12996"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/tags?post=12996"},{"taxonomy":"location","embeddable":true,"href":"https:\/\/ecomnewsafrique.com\/en\/wp-json\/wp\/v2\/location?post=12996"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}