A map of alternative finance for small- and medium-sized businesses in Africa



In unproven, nascent and risky markets across the world, commercial banks and capital markets tend to work only for the largest companies. Small and medium-sized businesses are turning to alternative finance solutions, including angel investors, crowdfunding, impact investing, public finance and venture capital.

A regular ImpactAlpha reader pointed us to Developing World Alternative Finance, a new report from AlliedCrowds, a London-based data and analytics firm that has mapped the alternative finance market in Africa.

Where are the most alternative capital providers? Answer: South Africa (360), followed by Kenya and Nigeria.

Which industries in Africa attract the most providers? Construction (691), finance (~550) and education (~450).

And which alternative funding type has the most sources? Venture capital (38%), impact investing (30%) and public finance (24%).

To map the market, AlliedCrowds used Capital Finder, its proprietary database of alternative capital providers in emerging markets.

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