Tech Sector in Ghana Secures Approximately $36 Million During First Half of 2025
In the bustling heart of Ghana's tech industry, the first half of 2025 has seen a surge in venture capital investments, with several notable startups securing significant funding for their innovative projects.
Kofa, an electric mobility company, raised $8.1 million to expand its battery-swap network across Ghana, demonstrating the growing interest in sustainable transportation solutions. Meanwhile, Zeepay, a fintech company, secured the largest publicly disclosed venture capital funding round in Ghana in 2025, amounting to $18 million.
The fintech sector, in particular, has seen a significant rebound in funding, with a 40% increase in the first half of 2025 compared to the same period in 2024. This trend, coupled with Ghana's promising market, suggests that fintech startups in the country could benefit from increased funding if they develop innovative solutions for underserved communities.
Jetstream Africa, a logistics and supply chain startup, and Complete Farmer, an agritech platform, also reportedly raised undisclosed amounts and $2.5 million respectively, to scale their operations. The agritech sector, with Africa's agricultural sector growth and the potential for technology to enhance productivity and efficiency, could attract further investments in Ghana.
Affinity Africa, a digital banking startup, received $8 million to expand its operations in Ghana's neobank space, further underscoring the potential for fintech in the country.
However, while funding in Ghana's tech ecosystem is showing resilience amid a cautious investment climate, deal volumes remain modest compared to larger African markets like Nigeria and Kenya. Key markets like Nigeria, South Africa, Egypt, and Kenya continue to dominate funding, but emerging hubs like Rwanda and Senegal are gaining traction. Ghana, while not listed among the top hubs, could potentially benefit from its proximity to leaders like Nigeria.
Emerging sectors like wealthtech, blockchain, and insurtech are also gaining attention, and e-mobility and agritech, while not as prominent, could attract niche investors interested in sustainable and innovative technologies.
As we look forward to the second half of 2025, more funding disclosures may emerge for Ghana's tech ecosystem. The broader trends suggest potential for growth driven by fintech and other emerging sectors if Ghana can attract investors by showcasing innovative startups and addressing infrastructure challenges. The future of Ghana's tech sector looks promising, with a steady stream of investments flowing in to support the next generation of innovative startups.
Investors show a keen interest in the technology sector, as Zeepay, a fintech company, secured the largest venture capital funding round in Ghana in 2025, benefiting from a 40% increase in fintech funding compared to the same period in 2024. Furthermore, startups like Affinity Africa, a digital banking startup, and Kofa, an electric mobility company, also received significant financing, hinting at potential investments in e-mobility and sustainable technologies.
