Moove – $100 Million
Mobility fintech Moove secured a $100 million funding round led by Uber and Mubadala Investment Company. This investment aims to expand Moove’s vehicle financing services for ride-hailing and delivery drivers across Africa and into new global markets.
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LemFi – $53 Million
Fintech startup LemFi raised $53 million in a Series B round to enhance its cross-border payment services and expand into Asia and Europe. This reflects the growing global appeal of African fintech innovations. -
Sabi – $38 Million
B2B e-commerce platform Sabi secured $38 million in Series B funding, valuing the company at $300 million. The funds will support Sabi’s mission to digitize Africa’s informal markets and expand its reach across the continent. -
Nomba – $30 Million
Formerly known as Kudi, fintech company Nomba raised $30 million in a Series B round led by Base10 Partners. The investment will enable Nomba to offer customized payment and operational solutions to businesses across Africa. -
Helium Health – $30 Million
Health-tech startup Helium Health secured $30 million to scale operations and expand credit offerings in the African healthcare sector. This investment aims to improve healthcare delivery and accessibility across the continent. -
Remedial Health – $12 Million
Remedial Health, focused on digitizing pharmacies and streamlining the pharmaceutical supply chain, raised $12 million to expand its impact across West Africa and beyond. -
FrontEdge – $10 Million
Fintech company FrontEdge secured $10 million to empower cross-border trade with their solutions, aiming to connect more African businesses to the global market. -
Shekel Mobility – $9.15 Million
B2B auto dealers marketplace Shekel Mobility raised $9.15 million to boost operations and quadruple its annual recurring revenue, positioning itself as a key player in the African automotive landscape. -
Terragon – $9 Million
Cloud analytics and marketing platform Terragon secured $9 million to enhance its capabilities and embark on Pan-African expansion, bringing data-driven marketing to more businesses. -
Waza – $8 Million
Y Combinator-backed B2B payment and liquidity provider Waza raised $8 million in equity and debt funding to expand beyond its operations in Ghana and Nigeria and introduce new trade finance solutions.
Nigeria’s Role in Africa’s Startup Ecosystem
Nigeria’s startups continue to attract significant investment, reinforcing the country’s position as a leading hub for innovation in Africa. The diversity of sectors—from fintech and mobility to health-tech and e-commerce—highlights the dynamic nature of Nigeria’s startup landscape. These investments not only drive economic growth but also address critical challenges such as financial inclusion, healthcare accessibility, and efficient trade.Techspace Africa
As global investors increasingly recognize the potential of African startups, Nigeria stands at the forefront, offering scalable solutions and a vibrant entrepreneurial ecosystem poised for continued growth in 2025 and beyond.
