US EditionThe Race For Growth & Control Is Fuelling Debt Over Equity In African Tech
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The Race For Growth & Control Is Fuelling Debt Over Equity In African Tech
Over the past five years, equity has remained the dominant fuel for African startups, but debt financing has surged since 2020, climbing 111% by 2024 to USD 589 M, WT Elite data shows. Amid a global funding slowdown, founders are tapping venture debt to extend runways without diluting equity. This shift has been driven by a drop in equity rounds amid global venture capital (VC) squeeze, improved revenue predictability in mature fintech and Softw…
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