Here are Africa’s biggest startups based on valuation
SMRTR summary
African startup funding returned to pre-pandemic levels in 2023, exceeding $2 billion. The market shifted focus to sustainable business models and profitability, leading to closures of well-funded startups like Copia and Gro Intelligence. Some companies, like Wasoko and MaxAB, merged to conserve resources. Meanwhile, startups like Moniepoint and TymeBank thrived, attracting investments from major players. The ecosystem now faces dual realities of challenges and adaptations, with unicorns and potential unicorns (soonicorns) shaping the future of Africa's tech landscape.
SMRTR provides this summary for quick context. The original article belongs to Daily.dev.
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