So far in 2020/2021 there have been more tech unicorns in Africa than ever before.


A unicorn is something very different in investor circles and the tech startup ecosystem. A tech unicorn, in the most basic sense, is a company that has been valued by investors at more than one billion dollars.


Unicorn valuations

The value of unicorns is generally determined by how investors and venture capitalists believe they will grow and develop over time, so it all comes down to longer-term forecasting. This means that their valuations have nothing to do with their financial performance. Many of these businesses rarely make any money when they first startup.

Read more here:
https://techibytes.com/7-unicorns-in-africa-you-should-know-today/