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 |
|---|---|---|---|---|---|
| OPay | 2021-08 | Series C | $400.0M | SoftBank Vision Fund 2 · DragonBall Capital, Sequoia Capital China, Redpoint China | Fintech |
| Airtel Mobile Commerce Nigeria Limited | 2021-03 | PIPE | $200.0M | TPG Rise Fund | Fintech |
| Interswitch | 2019-11 | Private Equity | $200.0M | Visa | Fintech |
| Branch | 2019-04 | Series C | $170.0M | Foundation Capital · Visa, B Capital Group, Andreessen Horowitz | Fintech |
| OPay | 2019-11 | Series B | $120.0M | Meituan · GSR Ventures, Sequoia Capital China, SoftBank Ventures Asia +1 | Fintech |
| PalmPay | 2021-08 | Series A | $100.0M | Chuangshi Capital · AfricInvest, Yunshi Equity Investment Management, Trust Capital | Fintech |
| Chipper Cash | 2021-05 | Series C | $100.0M | SVB Capital · Deciens Capital, Ribbit Capital, Tribe Capital +1 | Fintech |
| Airtel Mobile Commerce Nigeria Limited | 2021-04 | Secondary | $100.0M | Mastercard | Fintech |
| Kuda | 2021-08 | Series B | $55.0M | Valar Ventures · SBI Investment, Target Global | Fintech |
| Jumia | 2019-04 | Private Equity | $50.0M | Mastercard | E-commerce & Retail |
| OPay | 2019-07 | Series A | $50.0M | IDG Capital · Source Code Capital, Meituan, Sequoia Capital China +1 | Fintech |
| FairMoney | 2021-07 | Series B | $42.0M | Tiger Global Management · Speedinvest, Flourish Ventures, DST Global +1 | Fintech |
| PalmPay | 2019-11 | Seed | $40.0M | Transsion | Fintech |
| Chipper Cash | 2020-11 | Series B | $30.0M | Ribbit Capital · Bezos Expeditions | Fintech |
| Kuda | 2021-03 | Series A | $25.0M | Valar Ventures · Target Global | Fintech |
| AccelereX | 2020-11 | Private Equity | $20.0M | African Capital Alliance | Fintech |
| Migo | 2019-12 | Series B | $20.0M | Valor Capital Group · Velocity Capital, The Rise Fund | Fintech |
| Carepoint | 2021-11 | Series A | $18.0M | Asia Pacific Land · Breyer Capital | Healthtech |
| Mono | 2021-10 | Series A | $15.0M | Tiger Global · SBI Investment, Entrée Capital, Ingressive Capital +5 | Fintech |
| Chipper Cash | 2020-06 | Series A | $13.8M | Deciens Capital · RTP Global | Fintech |
| FairMoney | 2019-09 | Series A | $11.0M | Flourish Ventures · Speedinvest, DST Global, Newfund | Fintech |
| Alerzo | 2021-08 | Series A | $10.5M | Nosara Capital · FJ Labs, Baobab Network, Signal Hill | Fintech |
| Verto | 2021-10 | Series A | $10.0M | Quona Capital · Unicorn Growth Capital, The Treasury, Middle East Venture Partners +3 | Fintech |
| Helium Health | 2020-05 | Series A | $10.0M | — | Healthtech |
| Aella | 2020-02 | Debt | $10.0M | HQ Financial Group | Fintech |
| Kuda | 2020-11 | Seed | $10.0M | Target Global · Entrée Capital | Fintech |
| TradeDepot | 2020-07 | Pre-Series B | $10.0M | Partech · MSA Capital, Chandaria Capital, International Finance Corporation | E-commerce & Retail |
| Lidya | 2021-07 | Pre-Series B | $8.3M | Alitheia Capital · Accion Venture Lab, Bamboo Capital Partners, Flourish Ventures | Fintech |
| Smile ID | 2021-07 | Series A | $7.0M | Costanoa Ventures · CRE Venture Capital, LocalGlobe, Future Africa +6 | Fintech |
| Moniepoint | 2019-03 | Series A | $5.5M | Quantum Capital Partners | Fintech |
| Moove | 2020-06 | Seed | $5.2M | — | Fintech |
| Carbon | 2019-03 | Debt | $5.0M | — | Fintech |
| Smile ID | 2019-04 | Seed | $4.0M | 500 Startups, Beta Ventures | Fintech |
| Okra | 2021-04 | Seed | $3.5M | Susa Ventures · TLcom Capital, Accenture Ventures | Fintech |
| Cowrywise | 2021-01 | Pre-seed | $3.0M | Quona Capital · Y Combinator, angels | Fintech |
| Chipper Cash | 2019-05 | Seed | $2.4M | Deciens Capital · 500 Startups | Fintech |
| Mono | 2021-02 | Seed | $2.0M | Y Combinator, Entrée Capital, Lateral Capital +1 | Fintech |
| Sparkle | 2020-08 | Pre-Seed | $2.0M | — | Fintech |
| Kuda | 2019-09 | Pre-Seed | $1.6M | — | Fintech |
| OkHi | 2020-11 | Seed | $1.5M | Founders Factory Africa · Interswitch, Betatron | Fintech |
| Eversend | 2020-07 | Equity Crowdfunding | $1.0M | — | Fintech |
| Okra | 2020-04 | Pre-Seed | $1.0M | TLcom Capital | Fintech |
| BetaStore | 2021-06 | Pre-Seed | $700K | — | E-commerce & Retail |
| Dash | 2021-04 | Pre-Seed | $500K | 4DX Ventures | Fintech |
| Mono | 2020-09 | Pre-Seed | $500K | Ingressive Capital, VestedWorld, Lateral Capital | Fintech |
| Bundle | 2020-04 | Pre-Seed | $450K | Binance | Web3 & Crypto |
| Blackcopper | 2021-10 | Accelerator | $120K | Techstars · Techstars Toronto Accelerator | Fintech |
| Fliqpay | 2020-01 | Pre-Seed | $120K | Techstars · Techstars Bangalore Accelerator | Web3 & Crypto |
| Quidax | 2020-03 | Seed | $120K | Techstars | Web3 & Crypto |
| Trove | 2019-12 | Seed | $120K | Asset & Resource Management Company (ARM) · Ventures Platform, Lagos Angel Network | Fintech |
| 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. |