Vigorous Launch in 2025: February Transactions Exhibit Durability in Financial Technology and Logistics Industries
In the realm of technology, Africa and the Middle East continue to make waves, with several significant funding rounds reported in the Fintech and Logistics & Transport sectors. However, specific details for February 2025 may be limited.
Fintech Sector
The past few months have seen substantial investments in the Fintech sector. Notable funding rounds include:
- Plaid, an American fintech company, raised $575 million in Q2 2025, marking one of the largest fintech VC rounds this year.
- Rippling, another American fintech company, secured $450 million in a Series G round also in Q2 2025.
- Addepar, a fintech company based in California, raised $230 million in a Series G funding round during Q2 2025.
While the details for February 2025 are not explicitly listed, other notable fintech funding rounds include:
- Raenest, a Nigerian Fintech startup, closed an $11 million Series A round in an unspecified month in 2025.
- Togo-born startup Gozem secured $30 million in February 2025, with $15 million in equity and $15 million in debt.
- Hakki Africa, a Kenyan Fintech x Mobility startup, secured approximately $13 million in February 2025.
- Khazna, an Egyptian Fintech startup, raised $16 million in February 2025 for expansion into KSA.
- Tether, another Nigerian Fintech startup, raised $3 million in a seed round plus $7 million in debt in an unspecified month in 2025.
- Affinity, a Ghanaian Fintech startup, secured an $8 million round in an unspecified month in 2025.
- Gozem also secured $30 million in February 2025.
- Taager, an Egyptian Logistics & Transport startup, finalized a ~$7 million pre-Series B in an unspecified month in 2025.
Logistics & Transport Sector
In the Logistics & Transport sector, Lightstorm is the only company noted with significant funding in February 2025, raising $85 million. Lightstorm is a cloud networking startup serving hyperscalers, cloud-native firms, and large enterprises in the Asia-Pacific region.
While no specific major funding rounds in February 2025 are noted for logistics companies, it's worth mentioning that Salasa, a Saudi-based e-commerce logistics firm, secured $30 million in a Series B round in August 2025, not February.
Overall Funding Trends
As of February 2025, the total amount raised in 2025 so far is not specified, but it is noted to be more than the same period in 2024 and slightly exceeding 2021's figure. The total amount raised in February 2025 was $119 million, which is lower than the twelve-month average and the lowest for any February since 2019.
The number of $100k+ deals announced in February 2025 was 38, which is below the average of the past twelve months and lower than any February since 2021. However, the broader picture suggests a strong start to 2025 in terms of overall activity, with the number of $1m+ deals announced since the start of the year significantly higher than pre-heatwave levels.
Notable activity in 2025 is observed in high-growth sectors, such as Fintech and Logistics & Transport. The seven largest deals in 2025 so far have all been in either Fintech or Logistics & Transport, but the exact number of deals is not specified.
In conclusion, while specific funding details for February 2025 may be limited, particularly for fintech and logistics companies, the broader context suggests a positive trend in the technology sector, with significant investments in high-growth sectors like Fintech and Logistics & Transport.
In the technology sector, finances continue to flow into high-growth sectors like Fintech, with several notable funding rounds reported in 2025, such as Raenest, a Nigerian Fintech startup, which closed an $11 million Series A round, and Khazna, an Egyptian Fintech startup, which raised $16 million in February 2025. Venture capital in the Logistics & Transport sector also saw investment, with Lightstorm, a cloud networking startup, securing $85 million in February 2025. Despite February 2025's funding figures being lower than the twelve-month average and the lowest for any February since 2019, the broader context indicates a positive trend in the technology sector, with significant investments in high-growth sectors.
