Nigeria’s startup funding landscape in 2025 was marked by heavy capital concentration, as a small group of well-established companies attracted the overwhelming share of investor funding.
According to compiled deal data, the top 11 most funded startups raised a combined $367.2 million, accounting for 82.93% of the total $442.8 million raised by 98 startups during the year.
This sharp concentration highlights investor preference for scale-ready business models amid tighter global funding conditions.
It is also noteworthy that 12 out of the 98 startups did not disclose the amounts raised, reinforcing long-standing transparency challenges within Africa’s private capital ecosystem.
Kredete’s $22 million Series A round reflects growing interest in embedded finance and credit infrastructure for businesses. The company’s focus on payments, lending, and APIs aligns with broader trends around fintech infrastructure rather than consumer-only plays.
- Deal date: September 2025
- Sector: Fintech
- Number of deals: 1
- Deal type: Series A
- Investors: AfricInvest via their Cathay AfricInvest Innovation Fund (CAIF) and Financial Inclusion Vehicle (FIVE), Partech Africa, Polymorphic Capital
