Mobility Dethrones Fintech in H1 2024 Funding Report
Quick Bite: There was a shift in African startup funding in H1 2024; Mobility zoomed past Fintech to become the hottest sector, attracting $254.5 million, 39% of all funding in the first half of 2024. Fintech and Cleantech followed closely with $109.1 million and $77.7 million respectively.
The Breakdown
Fintech has long been the golden child of African startups, attracting the lion’s share of investor funding. But the tide might be turning. According to our H1 2024 Funding Report, mobility startups have zoomed past their fintech counterparts, raking in a whopping $254.5 million, which accounts for 39% of all the funding in the first half of 2024. To put that number into context, in H1 2023, mobility startups raised $105,300,000 while fintech startups raised $790,692,193.
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Last updated: December 22, 2024
