Manny Ita –
Nigerian startup ecosystem continued to attract investor interest despite a broader global funding slowdown, securing a total of $4 million in new deals last month.
The largest transaction was a $3.1 million funding round raised by credit management fintech company Bfree, which focuses on helping lenders improve debt recovery and customer repayment systems through digital tools.
According to industry data, the remaining funding was distributed across several early-stage startups operating in sectors such as financial technology, logistics, and digital services within Nigeria.
Investors reportedly remain cautiously optimistic about Nigeria’s startup ecosystem, noting that while global venture capital activity has slowed, demand for fintech solutions and digital infrastructure across Africa continues to drive selective investment.
Analysts say the performance highlights the resilience of Nigeria’s tech ecosystem, which has maintained consistent investor attention due to its large population, growing digital adoption, and expanding fintech market.
However, experts also point out that funding levels remain below previous peak years, reflecting tighter global liquidity and increased investor caution in emerging markets.
