It's time for Africa as startup fundraising accelerates
It is indeed time for Africa as startup fundraising accelerates: "Despite a large youthful, digitally savvy population and growing mobile usage, Africa has lagged behind even its emerging market peers, like Latin America, when it comes to venture capital activity. But the African fintech market has been accelerating, with startups securing around $330.5m in H1 2021, more than double the amount raised the entire year before, according to a report from Disrupt Africa, a tech-focused research and news organization based in the region."
"Our first investment in Kuda last year really opened our eyes to the new wave of digital companies emerging across Africa," Ricardo Schäfer, a partner at Target Global, said. "There's a number of fantastic companies solving real pain points and addressing huge markets. It's hard to predict the future, but I think we'll see a similar inflection of successful startups in Africa that we saw in places like India and China 20 years ago."