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    Capital Raised by Sector

    Total: $1.02BDeals: 155 spotlights
    Fintech· Q1 2026· $680.0M
    HealthTech· Q1 2026· $120.0M
    Logistics· Q4 2025· $95.0M
    AgriTech· Q4 2025· $72.0M
    InsurTech· Q1 2026· $55.0M
    Fintech
    Q1 2026

    Q1 2026 African Fintech Roundup

    African fintech raised $680M across 47 deals in Q1 2026, led by payments infrastructure and B2B lending. Nigeria and Kenya continue to dominate deal flow, but Egypt is surging.

    Capital Raised

    $680M

    Total Deals

    47

    +12% QoQ

    Avg Round Size

    $14.5M

    +8% QoQ

    Series B+

    12 deals

    +50% QoQ

    New Entrants

    8 startups

    Key Highlights

    MNT-Halan raised $200M Series D — Egypt's largest fintech round ever
    Cross-border B2B payments emerged as the hottest sub-sector
    3 new digital banking licenses issued across the continent
    Regulatory clarity in Kenya boosted investor confidence +40%

    Top Deals · Deal Size (USD M)

    Total: $355.0M·3 deals

    MNT-Halan$200M
    Series D
    Moniepoint$110M
    Series C
    Stitch$45M
    Series B

    Outlook & Predictions

    Expect Q2 to see consolidation as recapitalized Nigerian banks acquire fintech capabilities. Pan-African payment infrastructure deals will accelerate as interoperability mandates kick in.

    FlutterwaveMoniepointM-PesaOPayStitch
    Africa: The Big Deal
    HealthTech
    Q1 2026

    Q1 2026 African HealthTech Spotlight

    HealthTech quietly became Africa's second-most funded sector in Q1, with $120M raised across telemedicine, diagnostics, and health insurance platforms.

    Capital Raised

    $120M

    Total Deals

    14

    +27% QoQ

    Avg Round Size

    $8.6M

    +15% QoQ

    Telemedicine Share

    42%

    B2B vs B2C

    60/40

    Key Highlights

    mPharma expanded its pharmacy network to 8 countries
    AI-powered diagnostics attracted 3 seed-stage deals
    Health insurance micro-premiums growing 50%+ YoY in East Africa
    Nigeria's NHIA digital transformation creating market opportunities

    Top Deals · Deal Size (USD M)

    Total: $93.0M·3 deals

    mPharma$45M
    Series D
    Helium Health$30M
    Series B
    Lami$18M
    Series A

    Outlook & Predictions

    Watch for convergence between healthtech and insurtech as embedded health insurance becomes the primary distribution model. Diagnostics AI will attract Series A capital in Q2.

    mPharmaHelium HealthLami54genePenda Health
    Briter Intelligence
    Logistics
    Q4 2025

    Q4 2025 African Logistics & Supply Chain

    Last-mile delivery and supply chain digitization raised $95M in Q4 2025. The AfCFTA implementation accelerated cross-border logistics investment.

    Capital Raised

    $95M

    Total Deals

    11

    +10% QoQ

    Cross-border Focus

    45%

    Last-mile Share

    38%

    B2B Dominance

    72%

    Key Highlights

    Kobo360 expanded to 6 new African corridors
    Cold chain logistics attracted first institutional rounds
    AfCFTA implementation driving cross-border infrastructure demand
    Drone delivery pilots expanded in Rwanda and Ghana

    Top Deals · Deal Size (USD M)

    Total: $75.0M·3 deals

    Kobo360$35M
    Series B
    Lori Systems$25M
    Series A
    Sendy$15M
    Series A

    Outlook & Predictions

    Cold chain and pharmaceutical logistics will be the breakout sub-sector in 2026. Expect major infrastructure deals as DFIs commit capital to AfCFTA trade corridors.

    Kobo360Lori SystemsSendyZiplineTradeDepot
    Africa: The Big Deal
    AgriTech
    Q4 2025

    Q4 2025 African AgriTech Digest

    AgriTech funding reached $72M in Q4 2025, with precision agriculture and marketplace models leading deal flow. Climate-smart agriculture attracting impact capital.

    Capital Raised

    $72M

    Total Deals

    9

    +12% QoQ

    Climate-Smart

    33% of deals

    Smallholder Focus

    56%

    Avg Round

    $8M

    Key Highlights

    Apollo Agriculture raised $30M to expand AI-driven crop insurance in Kenya
    Carbon credit marketplaces emerged as a new agritech category
    Supply chain traceability demand surging from EU due diligence regulations
    Drone-based crop monitoring scaled to 500K hectares in Nigeria

    Top Deals · Deal Size (USD M)

    Total: $60.0M·3 deals

    Apollo Agriculture$30M
    Series B
    Twiga Foods$20M
    Series C
    Farmcrowdy$10M
    Series A

    Outlook & Predictions

    2026 will see agritech and climate tech converge significantly. Carbon credit trading and crop insurance will drive the next wave of institutional capital into the sector.

    Apollo AgricultureTwiga FoodsFarmcrowdyPulaSunCulture
    GSMA AgriTech
    InsurTech
    Q1 2026

    Q1 2026 African InsurTech Review

    InsurTech is emerging from the shadows — $55M raised in Q1 2026 as embedded insurance and micro-premiums prove product-market fit across East and West Africa.

    Capital Raised

    $55M

    Total Deals

    7

    Embedded Insurance

    57% of deals

    Penetration Rate

    3.5% (Africa avg)

    Growth vs Q4

    +38%

    Key Highlights

    Lami's API-first model now embedded in 12 partner platforms
    Micro health insurance reaching 2M+ subscribers in Kenya
    South Africa's COFI Bill creating new compliance-tech demand
    Parametric crop insurance scaling with satellite data providers

    Top Deals · Deal Size (USD M)

    Total: $49.0M·3 deals

    Lami$22M
    Series B
    Inclusivity Solutions$15M
    Series A
    Naked Insurance$12M
    Series A

    Outlook & Predictions

    Insurance penetration in Africa will double to 7% by 2030. The winners will be API-first platforms that embed coverage into existing financial workflows — not standalone insurance apps.

    LamiInclusivity SolutionsNaked InsuranceTuracoBima
    Swiss Re