Funding gaps for non-fintech startups in Tanzania under scrutiny
Despite providing innovative solutions to some of the country’s most pressing challenges, non-fintech startups still struggle to secure investment. PHOTO | COURTESY
Dar es Salaam. In Tanzania’s rapidly growing startup ecosystem, fintech has emerged as the standout sector, outpacing all others in attracting investment.
In 2024, the country raised $53 million in startup funding, with a staggering 75 percent of that amount going to fintech companies, notably, Nala alone secured $40 million.
