Startups across Nigeria and other parts of Africa raised over $140 million in September, pushing the continent's total funding for 2025 to more than $2.2 billion, according to new data from Africa: The Big Deal.
The report showed that 58 ventures secured at least $100,000 in fresh capital last month — the second-highest number this year. Although the total amount was slightly below average, it still matched September 2024's performance and exceeded that of September 2023.
Of the total raised, $105 million (75%) came from equity investments, while $32 million was debt financing and $3 million came from grants, including several co-funding initiatives supporting small and growing businesses.
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Notably, Nigerian fintech firm Kredete led the pack with a $22 million Series A, followed by Pura Beverage ($15m), Contractable ($13.5m) in South Africa, Intella ($12.5m) in Egypt, and The Invigilator ($11m) in South Africa.
Experts say the consistent flow of capital highlights growing investor confidence in Africa's innovation ecosystem, particularly in fintech, AI, and digital education, sectors where many SMEs are creating scalable solutions.
In total, African startups raised $785 million in Q3 2025, outperforming the same period in 2024 and 2023, signaling a rebound in early-stage funding and increased opportunities for SMEs driving job creation and digital transformation across the continent.
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