African startups raised $831 million in Q1 2023, about half of what was raised in the same quarter of the previous year. Financial Services startups accounted for 70% of the total amount raised in the quarter.
Founders of Millionaire West African Startups (MWAS) were predominantly male-dominated, as 90.2% of MWAS founders are male. Get the West African Startup Decade Report to learn more.
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