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Africa's Top 10 Funded Startups in 2023: Fintech Dominates, Cleantech Surges! 🚀💰

Africa's Top 10 Funded Startups in 2023: Fintech Dominates, Cleantech Surges! 🚀💰

#startup
#venture capital
#investments
#funding
Despite global economic challenges, Africa saw a funding boost in 2023. Fintech took the lead, but the real surprise was the rise of cleantech. Meet the top 10 startups shaping the continent's future! 🌍💡

1. MNT Halan:

   - Sector: Fintech

   - Funding: $400 million

   - Noteworthy: Africa's ninth unicorn, aiming to digitize finance and replace cash.


2. M-KOPA:

   - Sector: Fintech/Sustainability

   - Funding: $250 million

   - Mission: Providing underbanked customers with solar products and financial services.


3. Husk Power:

   - Sector: Cleantech

   - Funding: $103 million

   - Impact: Bringing reliable power to off-grid communities through renewable energy.


4. Planet42:

   - Sector: E-commerce

   - Funding: $100 million

   - Innovation: Offering rent-to-buy services for vehicles with data-driven risk assessment.


5. Moove:

   - Sector: Fintech

   - Funding: $76 million

   - Revolution: Democratizing vehicle ownership through revenue-based financing.


6. Wetility:

   - Sector: Cleantech

   - Funding: $48 million

   - Tech Edge: Digital solar energy management for remote power regulation.


7. Nuru:

   - Sector: Cleantech

   - Funding: $40 million

   - Vision: Deploying renewable energy-powered metrogrids in the DRC for 24-hour electricity.


8. Sabi:

   - Sector: B2B E-commerce

   - Funding: $38 million

   - Infrastructure: Providing digital commerce tools for Africa's informal economy.


9. Lulalend:

   - Sector: Fintech

   - Funding: $35 million

   - Support: Offering digital lending for fast and easy working capital to South African small businesses.


10. Victory Farms:

    - Sector: Agritech

    - Funding: $35 million

    - Mission: Building commercial tilapia farms for affordable and healthy protein in East Africa.



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