Unicorn-Backed Norrsken22 Bets on Africa’s Fintech Boom

Africa’s technology and startup firms are becoming too attractive for international investors to ignore, according to a partner at a fund focused on investments in the continent.

“We’re already seeing some investors, especially I would say even in the first quarter of this year, really looking at investing large tickets in Africa businesses,” said Lexi Novitske, a general partner with Norrsken22, a $205 million Africa-focused fund. “It’s because they’re seeing healthier numbers in a lot of these companies than they’re seeing in their own market,” she told Bloomberg.