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How fintech and serial founders drove African pre-seed investing to new heights in 2020

How fintech and serial founders drove African pre-seed investing to new heights in 2020

3 years ago
Anonymous $y15ULlV7sG

https://techcrunch.com/2021/01/22/how-fintech-and-serial-founders-drove-african-pre-seed-investing-to-new-heights-in-2020/

When Stripe-subsidiary Paystack raised its seed round of $1.3 million in 2016, it was one of the largest disclosed rounds at that stage in Nigeria. 

At the time, seven-figure seed investments in African startups were a rarity. But over the years, those same seed-stage rounds have become more common, with some very early-stage startups even raising eight-figure sums. Nigerian fintech startup, Kuda, which bagged $10 million last year, comes to mind, for example.

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