African fintech funding dropped 16% in Q1 as VCs target AI-powered startups
African Fintech Funding Overview: In Q1 2025, African fintech companies raised $117 million, a 16% decline from the previous quarter and a 10.6% decrease compared to the same period last year, while globally, fintech funding surged to $10.3 billion, driven by significant investments in AI solutions.
Key Players and Trends: The majority of funding in Africa went to early-stage startups, with notable raises including South Africa's Naked at $37 million and Egypt's Khazna at $16 million; however, the overall number of deals has been declining since Q3 2023, indicating reduced confidence in older startups.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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