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

Tage Kene-Okafor, TechCrunch
Sat, 01/23/2021 - 12:00am

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.

 

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