TL;DR: $7Bn+ in funding across EVMs ??

?? It has been a busy month for us here at MAGNiTT, where we have released multiple reports filled with data from VC ecosystem across The Emerging Venture Markets as well as the first-ever MENA Venture Debt Report in collaboration with SHUAA Capital.

?? Also this week, CEO Philip Bahoshy shared the latest trends from across Emerging Venture markets from the?MAGNiTT?annual report where the ecosystem raised $7Bn+ in 2022, on the latest episode of "Conversations with Loulou":

• Sweet spot for investors at the moment.
• M&A Frenzy about to unleash itself.
• Importance of cash conservation.
• Opportunities in turbulent times.
• Predictions in 2023.

Now, Let's recap the latest report ??

?? Key Highlights:

• FinTech startup exits in the MENA region doubled in 2022, with the highest number of exits concentrated in Q3. Upon further analysis, the mean and median years to the exit of?FinTech startups in the MENA in 2022 stood at four years.?

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• Despite the declines,?investor participation in the region saw its all-time high with almost 500 investors backing MENA-based startups?in 2022. The MENA region continues to make efforts in order to drive investment in the region which has borne fruit with not just regional investors deploying capital in the region but also increasing international investor participation over the years.?

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• FinTech has been the hub of investment in Africa. The sector brought in almost?$2Bn in funding in 2021 after observing a YoY growth of 10x?compared to 2020. While funding has seen a decline this year, the sector still remains the most active industry on all fronts for the continent.

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