Kenyan fintech startups received $174.2 million (Sh25.2 billion) in funding in the 24 months to July this year, placing the country fourth in Africa by amounts received after Nigeria, Egypt and South Africa.
The ‘Finnovating for Africa’ report published by research firm Disrupt Africa shows that Kenya’s capital inflow in the review period, raised in 104 funding rounds, represented 4.8 percent of the total recorded funding in the continent.
