African startups secured $441.9 million in October 2025, a 217% increase from September’s $139.4 million, driven mainly by equity funding totaling $334 million.
The top ten startups captured 88% of the funding, including:
Spiro (Benin, e-mobility) — $100M
Moniepoint (Nigeria, fintech) — $90M
MNT-Halan (Egypt, fintech) — $71.4M via bond issuance
Fintech remains dominant, while clean energy, e-mobility, logistics, and telecom are attracting growing investment. Key hubs include Egypt, Nigeria, South Africa, and Kenya.
The surge reflects renewed investor confidence in African startups and the continent’s evolving funding landscape. Visit www.jocomms.com for more news.
