
π VC round data is live in beta, check it out!
- Insights
- Unicorns of Africa β March 2026
Unicorns of Africa β March 2026
There are over 10 unicorns in Africa
As of March 2026, there are now over 10 tech and tech-enabled companies valued at over $1B that originated from Africa.
- Most African unicorns was founded in Nigeria or South Africa
- Many successful African companies left the "mother continent" and relocated HQ to London or the US
African unicorns list is overwhelmingly financial infrastructure (over 70% = fintech or payments companies). This mirrors what happened in Latin America over the past decade, where Nubank, Mercado Pago, UalΓ‘, and others built their businesses on the same thesis: hundreds of millions of unbanked people + smartphone penetration = a generational opportunity.
Africa is now running that same playbook, arguably with even more runway β sub-Saharan Africa's banked population sits around 55%, compared to Latin America's ~74%. The companies building that plumbing are capturing enormous value, and the biggest ones are still private.
What are the unicorns of Africa?
This ranking includes tech companies in Africa valued above $1 billion. It includes private, public and acquired companies. Most private valuations are last reported or recently rumoured.
On ZIRP-era (2020-2022) valuations: we exclude companies that latest reported valuation would be enough to hit the list, but it is expected that the company is now valued significantly lower.
# | ||||||
|---|---|---|---|---|---|---|
1 | πΏπ¦ | $36.0B | $7.2B | 5.0x | π Public | |
2 | π³π¬ | $5.2B | $0.1B | 54.7x | π Private | |
3 | π³π¬ | $2.8B | π Private | |||
4 | πΈπ³ | $1.7B | π Private | |||
5 | πΏπ¦ | $1.5B | π Private | |||
6 | π³π¬ | $1.5B | π Private | |||
7 | πͺπ¬ | $1.2B | $0.1B | 11.4x | π Public | |
8 | πΏπ¦ | $1.2B | $1.6B | 0.7x | π Public | |
9 | πΏπ¦ | $1.2B | $3.6B | 0.3x | π Public | |
10 | π³π¬ | $1.0B | $0.2B | 5.2x | π Private | |
11 | πͺπ¬ | $1.0B | $0.3B | 3.3x | π Private | |
12 | π³π¬ | $1.0B | π Private |
Rows per page
Recent Insights

Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.













