• About
  • Advertise
  • Careers
  • Contact Us
Thursday, July 3, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home Economy Finance

Egypt Leads as African Startups Raise $254 Million in May

by Latifat Fashina
June 10, 2025
in Finance
0
African-tech-startup-funding-rises
UBA
Advertisements

African startups raised $254 million in May, bringing the total amount invested in African startups so far in 2025 to over $1 billion.

According to a report by Africa: The Big Deal, Egypt-based startups raised the largest share of funding during the month. The biggest deal was secured by Egypt-based startup Nawy, which raised $52 million in a Series A round led by Partech, in addition to $23 million in debt, bringing the total amount raised to $75 million.

Seven ventures raised over $10 million in May, with Egyptian startups accounting for six of the seven deals.

The startups that raised more than $10 million include:

  • Nawy which raised $75 million;
  • Tasaheel, a subsidiary of MNT-Halan, completed the continent’s largest corporate bond issuance of $50 million;
  • Valu, which is currently preparing for a public listing, raised $27 million from Saudi investors;
  • Thndr, a fintech startup, raised over  $15 million
  • Sylndr,  a mobility startup, raised $15.7 million in a Series A round
  • Money Fellows, a fintech startup, raised $13 million in a pre-Series C round to support expansion beyond Egypt.

The only non-Egypt startup on the list was AURA, which raised $15 million to support its expansion into the U.S. market.

So far in 2025, Egypt startups have received the most funding on the continent, accounting for 31% of total investments. They are followed by South Africa (26%), Nigeria (15%) and Kenya (12%).

Despite the positive funding raise in May, four exits were also announced, three of which involved Egyptian ventures. MaxAB-Wasoko acquired Fatura, Miran, and Welnes merged, Catalyst Partners Middle East acquired Qardy, while BioLited acquired a major stake in Baobab+.

Loading

Advertisements
MTN ADS

Author

  • Latifat Fashina
    Latifat Fashina

    LATIFAT FASHINA is the Business/Finance Reporter at Techeconomy. She can be reached via: latifat.fashina@techeconomy.ng

    View all posts
0Shares
Latifat Fashina

Latifat Fashina

LATIFAT FASHINA is the Business/Finance Reporter at Techeconomy. She can be reached via: latifat.fashina@techeconomy.ng

Next Post
Afreximbank Launches AFREXInsure, Its Insurance Management Services Subsidiary, in Ghana

Afreximbank Rejects Fitch’s Negative Rating, Defends Financial Strength

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Zoho Opens Office in Kenya, Focusing on Training, Support Services

Zoho Opens Office in Kenya, Focusing on Training, Support Services

2 years ago
SERAP writes World Bank

Two Nigerian Companies, CEO Face World Bank Ban Over Alleged Fraud

5 months ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.