African Fintech Funding Plummets as VCs Embrace AI-Powered Startups

African fintech companies saw funding plummet by 16% to $117 million in Q1 2025, according to data from CB Insights. This marks a sharp decline from the previous quarter’s $139 million and represents a decrease of 10.6% compared to the same period last year. Despite this downturn, global fintech funding experienced a resurgence, with Binance raising $2 billion, marking the highest quarterly investment since Q1 2023.