Investment activities of investors from China and Visa are mostly responsible for 75 percent of total funding technology firms in Nigeria attracted in 2019, according to data from Maxime Bayen of GreenTec Capital.
The data which tracks investment of $1 million and more in startups operating within Africa showed that 77 firms received a cumulative $1.1 billion from 83 deals involving 168 different investors. 35 percent of the funding went to financial technology (Fintech) firms which continued their dominance of the funding activities on the continent…
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