The African startup ecosystem has reached a significant milestone, with Moniepoint becoming the latest unicorn after securing $110 million in equity funding. This achievement highlights the growing maturity and potential of the continent's tech industry.

In a remarkable turnaround from just a decade ago, when investment in African startups was scarce, the ecosystem has now attracted billions of dollars in venture funding. The "Big Four" - Nigeria, Kenya, South Africa, and Egypt - have led the way, driving innovation in fintech, e-commerce, health tech, and agritech.

Despite facing challenges, including global economic downturns, several African startups have achieved unicorn status, demonstrating the resilience and ingenuity of entrepreneurs on the continent. The top 10 most valued African startups have been revealed, with Flutterwave leading the pack at $3 billion, followed by Opay at $2.7 billion, and Chipper Cash at $2.2 billion.

The full list of the 10 most valued African startups is:

1. Flutterwave - $3 billion

2. Opay - $2.7 billion

3. Chipper Cash - $2.2 billion

4. Wave - $1.7 billion

5. Andela - $1.5 billion

6. Esusu - $1 billion

7. InterSwitch - $1 billion

8. MNT-Halan - $1 billion

9. Moniepoint - $1 billion

10. MOOVE - $750 million

This development is a testament to the growing confidence of global investors in African entrepreneurs and the continent's tech ecosystem. As the industry continues to evolve, it will be exciting to see which startups will join the unicorn club next.