Rounds by year and sector, the biggest raises, and acquisitions across Nigerian tech. All figures are disclosed-round data; undisclosed rounds are excluded from totals.
| Company | Amount | Stage | Yr | Lead investor |
|---|---|---|---|---|
| OPay | $400.0M | Series C | 2021 | SoftBank Vision Fund 2 |
| Jumia | $326.0M | Series C | 2016 | Goldman Sachs |
| Moove | $250.0M | Series C | 2026 | Mubadala Investment Company |
| Flutterwave | $250.0M | Series D | 2022 | B Capital Group |
| Airtel Mobile Commerce Nigeria Limited | $200.0M | PIPE | 2021 | TPG Rise Fund |
| Interswitch | $200.0M | Private Equity | 2019 | Visa |
| Branch | $170.0M | Series C | 2019 | Foundation Capital |
| Interswitch | $170.0M | Private Equity | 2010 | Helios Investment Partners |
| Jumia | $150.0M | Series C | 2014 | — |
| OPay | $120.0M | Series B | 2019 | Meituan |
| Moniepoint | $110.0M | Series C | 2024 | Development Partners International (DPI) |
| Interswitch | $110.0M |
| Target | Year | Acquirer | Details |
|---|---|---|---|
| Wealth8 | 2026 | LemFi | UK wealthtech and investment manager providing access to global funds for the African diaspora. |
| Pillar | 2025 | LemFi | UK cross-border credit scoring platform for immigrants. |
| Thepeer | 2024 | Chipper Cash | Tech infrastructure asset acquisition following liquidation. |
| Umba | 2024 | FairMoney | Strategic digital bank acquisition attempt across West Africa. |
| Vella Finance | 2024 | Carbon | Acquired to bolster SME business banking and cross-border trade offerings. |
| Koree | 2024 | Duplo | Francophone Africa cashback and trade tech company acquired to drive expansion. |
| Payday | 2024 | Bitmama | Acquired customer and asset base of cross-border neobank Payday. |
| ORDA | 2024 | Moniepoint | Restaurant management software and point-of-sale operating system. |
| Brass | 2024 | Paystack | Paystack led a consortium including PiggyVest, Ventures Platform, and P1 Ventures to acquire SME banking startup Brass. Brass ceased independent operations in June 2026, migrating customers to Paystack MFB. |
| Paga (Strategic Partnership & Asset Integration) | 2024 | Onafriq | Deepened cross-border remittance clearing agreements. |
| Appruve | 2023 | Smile ID | Pan-African identity verification provider acquired to expand coverage into Francophone Africa. |
| PayLater (Ghana) |
| Company | Date | Stage | Amount | Investors (lead + others) | Sector |
|---|---|---|---|---|---|
| Termii | Jun 2023 | Pre-seed | $3.6M | Fintech Collective and Ventures Platform · Launch Africa Ventures, Nama Ventures, Aidi Ventures +3 | Enterprise & SaaS / Dev Tools |
| CrowdForce | Feb 2022 | Pre-Series A | $3.6M | Aruwa Capital Management | Fintech |
| Okra | Apr 2021 | Seed | $3.5M | Susa Ventures · TLcom Capital, Accenture Ventures | Fintech |
| Orda.africa | Nov 2022 | Seed | $3.4M | Quona Capital and FinTech Collective | Fintech |
| AgroEknor | Feb 2025 | Debt | $3.3M | United Capital | Agritech |
| Releaf | Jan 2023 | Pre-Series A | $3.3M | Samurai Incubate Africa · Consonance Investment Managers | Agritech |
| Stears | Oct 2022 | Seed | $3.3M | MaC Venture Capital | Enterprise & SaaS / Dev Tools |
| Sparkle | Oct 2021 | Seed | $3.1M | Leadway Assurance · Trium Networks | Fintech |
| Cybervergent | Mar 2026 | Seed | $3.0M | Ventures Platform Fund, Atlantica Ventures | Fintech |
| OneDosh | Jan 2026 | Pre-seed | $3.0M | Undisclosed | Fintech |
| Juicyway | Dec 2024 | Pre-seed | $3.0M | P1 Ventures · Ventures Platform, Future Africa, Magic Fund +1 | Fintech |
| Winich Farms | Oct 2024 | Pre-Series A | $3.0M | Acumen Resilient Agriculture Fund (ARAF) · Acasia Ventures, Tekedia Capital, Sahel Capital +4 | Agritech |
| MDaaS Global | Mar 2024 | Pre-Series A | $3.0M | Aruwa Capital, Newton Partners | Healthtech |
| Arnergy | Feb 2024 | Series B | $3.0M | All On | Cleantech & Energy |
| Haul247 | Jun 2023 | Seed | $3.0M | Alitheia Capital | Logistics & Mobility |
| AltSchool Africa | Apr 2023 | Undisclosed | $3.0M | Angaza Capital · Techstars | Edtech |
| Curacel | Feb 2023 | Seed | $3.0M | Tencent | Fintech |
| Touch and Pay (TAP) | Sep 2022 | Seed | $3.0M | — | Fintech |
| SmallSmall | Oct 2022 | Seed | $3.0M | Oyster VC | Fintech |
| Lifestores Healthcare | Oct 2022 | Pre-Series A | $3.0M | Health54 | Healthtech |
| Metaverse Magna | Sep 2022 | Seed | $3.0M | Wemade | Web3 & Crypto |
| Indicina | Jun 2022 | Seed | $3.0M | Target Global | Fintech |
| ImaliPay | Apr 2022 | Seed | $3.0M | Leonnis Investments | Fintech |
| Cowrywise | Jan 2021 | Pre-seed | $3.0M | Quona Capital · Y Combinator, angels | Fintech |
| TradeDepot | Apr 2018 | Seed | $3.0M | Partech | E-commerce & Retail |
| BFREE | Feb 2024 | Undisclosed | $3.0M | Capria Ventures · GreenHouse Capital, Launch Africa, Angaza Capital +2 | Fintech |
| Prembly | May 2022 | Seed | $2.8M | MaC Venture Capital · Y Combinator, SOMA Capital, OFuTure Ventures | Fintech |
| Prembly | May 2022 | Seed | $2.8M | MaC Venture Capital | Fintech |
| Propel | Jul 2023 | Seed | $2.8M | No Such Ventures · APX, Golden Egg Check, Future of Learning Fund | Fintech |
| Stabyl | Jun 2026 | Pre-seed | $2.7M | Konga | Fintech |
| Beacon Power Services | Aug 2022 | Seed | $2.7M | Seedstars Africa Ventures | Cleantech & Energy |
| Tuteria | Jan 2026 | Undisclosed | $2.6M | Enza Capital, Chui Ventures | Edtech |
| Raenest | May 2023 | Seed | $2.6M | Ventures Platform · Techstars, P1 Ventures, Ten13 VC | Fintech |
| Taeillo | Dec 2022 | Undisclosed | $2.6M | Aruwa Capital | E-commerce & Retail |
| Spleet | Oct 2022 | Seed | $2.6M | MaC Venture Capital | Proptech & Real Estate |
| Chowdeck | Apr 2024 | Seed | $2.5M | X Ventures · Levare Ventures, True Culture Funds, Hoaq Fund +4 | Logistics & Mobility |
| Youverify | Mar 2024 | Pre-Series A | $2.5M | Elm Investment | Fintech |
| CredRails | Jan 2022 | Seed | $2.5M | Unicorn Growth Capital, Precursor Ventures, SoftBank Group +1 | Fintech |
| Ubenwa | Jul 2022 | Pre-seed | $2.5M | Radical Ventures | Healthtech |
| BetaStore | May 2022 | Pre-Series A | $2.5M | 500 Global | E-commerce & Retail |
| Daya | Jun 2026 | Pre-seed | $2.4M | Hivemind Capital · Lattice Fund, Alliance DAO, Aptos Foundation +1 | Fintech |
| Bboxx | 2026 | Undisclosed | $2.4M | Undisclosed | Cleantech & Energy |
| Mecho Autotech | Sep 2023 | Pre-Series A | $2.4M | Global Brain Corporation · Ventures Platform, Uncovered Fund | Logistics & Mobility |
| Anchor | Sep 2023 | Seed | $2.4M | Goat Capital · Rebel Fund, Y Combinator, FoundersX +1 | Fintech |
| Chipper Cash | May 2019 | Seed | $2.4M | Deciens Capital · 500 Startups | Fintech |
| SunFi | Feb 2023 | Seed | $2.3M | Factor[e] and SCM Capital Asset Management · Voltron Capital, Ventures Platform, Sovereign Capital +1 | Cleantech & Energy |
| Canza Finance | Jan 2024 | Undisclosed | $2.3M | Polychain Capital · Protocol Labs, Avalanche's Blizzard Fund, 99 Capital +2 | Web3 & Crypto |
| Big Cabal Media | Mar 2022 | Seed | $2.3M | MaC Venture Capital | Media & Entertainment |
| Mecho Autotech | Feb 2022 | Seed | $2.1M | Future Africa | Logistics & Mobility |
| Cardtonic | Jan 2026 | Seed | $2.1M | Angel investors | Web3 & Crypto |
| Private Equity |
| 2022 |
| LeapFrog Investments |
| Moove | $105.0M | Pre-Series B | 2022 | Speedinvest |
| Husk Power | $103.0M | Series D | 2023 | STOA Infra & Energy |
| Moove | $100.0M | Series B | 2024 | Uber |
| Onafriq | $100.0M | Series C | 2022 | Adamaius Capital Partners |
| PalmPay | $100.0M | Series A | 2021 | Chuangshi Capital |
| Chipper Cash | $100.0M | Series C | 2021 | SVB Capital |
| Airtel Mobile Commerce Nigeria Limited | $100.0M | Secondary | 2021 | Mastercard |
| Moove | $76.0M | Undisclosed | 2023 | Mubadala Investment Company |
| M-KOPA | $75.0M | Growth | 2022 | Generation Investment Management |
| Branch | $70.0M | Series B | 2018 | Trinity Ventures |
| ThriveAgric | $56.4M | Undisclosed | 2022 | Local commercial banks |
| Stitch | $55.0M | Series B | 2025 | CRE Venture Capital |
| M-KOPA | $55.0M | Series E | 2023 | Sumitomo Corporation |
| 2023 |
| FairMoney |
| Acquired credit asset portfolio for regional expansion. |
| Chaka | 2023 | Rise | Acquired SEC-licensed stock trading platform Chaka. |
| Finja | 2023 | OPay | Pakistani fintech entity acquired for Asian cross-border expansion. |
| Tunnel | 2023 | Prembly | Acquired data infrastructure startup Tunnel. |
| Crypto.com payment processing | 2022 | Checkout.com | Acquired Crypto.com's payment technology and team for undisclosed amount. |
| Woven Finance | 2022 | Hydrogen | Hydrogen acquired Woven Finance to strengthen its payment switching/processing. |
| Orchestrate | 2022 | Bloc | Acquired payment orchestration and card switching startup to enhance payment processing depth. |
| Medshare | 2021 | Helium Health | East African healthcare technology provider acquired to expand regional presence. |
| Sendwave | 2021 | Zepz | Acquired Sendwave for approximately $500 million to expand its African remittance corridors. |
| Ekata | 2021 | Mastercard | Acquired identity verification company Ekata for undisclosed amount. |
| Plaid | 2021 | Visa | Visa agreed to acquire financial data aggregator Plaid for $5.3 billion but the deal was called off in Jan 2021 following DOJ antitrust concerns. |
| Green Lion | 2021 | TradeDepot | Ghanaian FMCG supply chain distribution platform. |
| Locusnine | 2021 | Verto | Software engineering company acquired to boost enterprise product build out. |
| Savl | 2021 | PiggyVest | Assets acquired to bolster digital wealth tools. |
| Paystack | 2020 | Stripe | Acquired for over $200 million. Paystack continues operating in Africa under The Stack Group (2026 restructuring). |
| Careem | 2020 | Uber | Acquired Middle Eastern ride-hailing company Careem for $3.1 billion. |
| Postmates | 2020 | Uber | Acquired food delivery company Postmates for $2.65 billion. |
| Beyond Limits / Beyonic | 2020 | Onafriq | Acquired East African enterprise payment platform during early scaling phase. |
| Honey | 2019 | PayPal | Acquired shopping and rewards platform Honey for approximately $4 billion. |
| Nets | 2019 | Mastercard | Acquired 75% stake in Danish payment processor Nets for ~$3.2 billion. |
| Diamond Bank | 2019 | Access Holdings | Merged into Access Bank to scale retail customer base. |
| eClat Healthcare | 2019 | Interswitch | Healthtech platform integration for healthcare payments. |
| iZettle | 2018 | PayPal | Acquired European POS company iZettle for $2.2 billion. |
| Appsynergies | 2018 | Paga | Acquired software development asset base. |
| Vocalink | 2017 | Mastercard | Acquired UK-based payment systems operator Vocalink for ~$920 million. |
| Vanso | 2016 | Interswitch | Mobile financial services and messaging provider. |
| Xoom | 2015 | PayPal | Acquired international remittance company Xoom for $890 million. |
