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Kenyan startups raise over Sh60b as fintech tops

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 Between January 2015 and mid-November 2022, 242 individual Kenyan startups secured sizeable investments. [iStockphoto]

Kenyan startups raised Sh60.7 billion in funding in 2022 - almost double the amount recorded the previous year.

This is according to a report on the state of startups in the country by Disrupt Africa, which provides information about startups and technology in the continent.

As of mid-November 2022, some 63 startups had raised funding with the country's total for the year standing at Sh60.7 billion ($506.6 million).

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