Top 10 African Startups to Watch in 2021

Africa’s Startup Environment

African tech startups had a… 2020.

So funding fell big-time in H1 2020, what has happened since then?

In Q3 2020, funding increased dramatically, with startups raising $241M across 104 rounds representing an 80% increase in funding amount compared to Q2 and marked a strong recovery from the worst of the COVID crisis.

So are things back to “normal” or not?

Another huge positive sign for “yes, we’re returning to normal” and the growth of the African startup scene was the October 2020 acquisition of Paystack by Stripe for $200MM.

How Did I Choose This Top 10?

For this year’s list, I’ve selected African startups that have a massive opportunity to own an entire industry across a significant portion of the African continent and the 1.35+ billion people who live there.

The Top 10 African Startups to Watch

  1. Chipper: Venmo + More for Africa (Formerly Chipper Cash)
www.themodernproductmanager.com
  • January 2020: Raised $13MM Series C
  • May 2020: Raised an additional $17MM

Honorable Mentions

Carry1st: Mobile Game Company for African Smartphone Owners

What African Startups Did I Miss?

I’m sure I missed quite a few prolific, fast-growing African startups. Let me know which ones on Twitter at @amitch5903!

Product @Kinsured | 5x Product Leader/Founder | Blog: medium.com/@Amitch5903 | Author: @producthandbook @disruptbook | Newsletter: bit.ly/MPMnewsletter