Africa’s technology sector has officially reached a new milestone, with the continent now home to 10 startup unicorns, private technology companies valued at $1 billion or more.
The latest company to join the exclusive club is Nigerian mobility fintech startup Moove, which secured a $250 million funding round that lifted its valuation to about $2.1 billion.
Nigeria remains the continent’s dominant unicorn hub, producing six of Africa’s 10 billion-dollar startups. These include Interswitch, Africa’s first unicorn, which crossed the $1 billion mark in 2019, followed by Flutterwave, OPay, Andela, Moniepoint and now Moove.
Read also: Africa’s next unicorns: 18 startups in hunt for $1bn valuations or IPOs in 2026
Senegal has one unicorn, Wave, while Uganda is represented by Chipper Cash. Egypt’s MNT-Halan and South Africa’s Tyme Group complete the list.
