2021 was when African tech reached an inflection point and took center stage as companies raised over $4 billion (more than they got in 2019 and 2020 combined). Then Chipper Cash did the double: a $100 million Series C and a $150 million extension for its unicorn round months later. Others include TymeBank’s $180 million Series B, Jumo and MNT-Halan’s $120 million rounds, TradeDepot’s $110 million and MFS Africa’s $100 million. Also, all but two deals were solely equity-based: TradeDepot and MFS Africa raised a mix of equity and debt. Why African startups don’t disclose their acquisition figure is a topic for another day.

Source: The North Africa Journal December 30, 2021 15:09 UTC