African startup funding topped about $1.3 billion by early June 2026, led by fintech, as debt overtakes equity and North Africa rises fast.
AFRICA · MARKETS
Key Facts
—$1.3 billion and counting: African startups had raised about $1.3 billion by early June 2026, on track to match last year’s pace, per tracker TechCabal.
—Fintech still rules: Financial-technology firms led every other sector, taking the most deals and the largest share of disclosed funding.
—Debt beats equity: For the first time, debt and similar instruments out-raised straight equity, a sign the market is maturing.
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