As we have seen in previous reports, the near global lock-down had a significant impact on investment activity across Q1 and Q2 2020.
However, with markets tentatively reopening, investment activity across the Southern Africa region in Q3 2020 has seen an uptick both in the number of deals closed and the amount raised. Our analysts look at this in more detail in our Q3 Southern Africa Report.
Fintech M&A Activity
While Q3 2020 has certainly seen a shift in activity, founders and entrepreneurs in the Southern African FinTech sector have been especially busy. Following on from the news that Southern African payments company MFS Africa acquired East Africa payments manager Beyonic, and Standard Bank’s acquisition of Payment24, Q3 2020 saw 4 acquisitions of Southern Africa FinTech or E-commerce businesses.