Ghana Tech Ecosystem Secures $36 Million in VC Funding During First Half of 2025
Ghana’s vibrant technology ecosystem continued its remarkable trajectory, drawing an estimated $36 million in venture capital funding during the first half of 2025. This significant influx of capital underscores growing investor confidence and highlights the increasing maturity and innovation within the West African nation’s startup landscape. The impressive figure, based on recent estimates, positions Ghana as a key hub for technological advancement and investment on the continent.
# Key Investments Driving Ghana’s Tech Growth
The robust performance of Ghana’s tech scene was largely propelled by notable investments across diverse sectors. Leading the charge was fintech powerhouse Zeepay, which successfully raised a substantial $18 million in fresh funding. This prominent fintech firm specializes in crucial services such as remittances and mobile financial solutions, making its round the largest publicly disclosed investment during this period. Contributing further to the ecosystem’s expansion, Kofa, an electric mobility company, secured $8.1 million. Kofa is actively expanding its innovative battery-swap network across Ghana, gaining considerable traction with its sustainable and clean energy model for transportation. Additionally, digital banking startup Affinity Africa raised a significant $8 million, positioning itself to broaden its reach and impact within the financial services sector.
These substantial investments in fintech, electric mobility, and digital banking underscore the diversified appeal of Ghana’s tech ecosystem. The continued attraction of venture capital funding reflects the strong entrepreneurial spirit, innovative solutions, and the potential for significant returns that Ghana’s startups offer to both local and international investors, solidifying its position as a burgeoning tech powerhouse in Africa.
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