Fintech startups in Africa will likely pause capital raising for about 18 months to avoid falling valuations amid rising interest rates and high inflation, said Aubrey Hrubyinvestor in startups on the continent and co-founder of Insider and Tofino Capital.
“Most startups are waiting” to see the impact of the coming months, she said Wednesday at the Bloomberg New Economy Gateway Africa forum in Morocco. “They will only relaunch if they need it urgently.”