BaaS Startups in Africa
Overview Powered by AI
BaaS in Africa: Gaining traction, but challenges remain. Local leaders see it as a potential game-changer for financial inclusion and digital transformation. Key concerns include regulatory compliance, infrastructure limitations, and customer adoption.
Cummulative Funding
$26.2M+
Total # of Companies
10
Total Deal Count
16
Total M&A Count
2
Total # of Investors
44
List of BaaS startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
ARC Ride is providing the electric solution to mass-transportation in rapidly-growing African cities. | Debt Financing | $ 15,000,000 | 2020 | |
Banking services for the unbanked: Maplerad provides a modern banking platform for Nigerians. | Seed | $ 6,000,000 | 2022 | |
Anchor is a banking-as-a-service startup that builds, embeds and launch financial products for African businesses. | Non-equity Assistance | $ 3,400,000 | 2021 | |
KIMS Microfinance is Somalia’s first and only dedicated and privately-owned microfinance institution. | Venture | $ 1,000,000 | 2014 | |
EasyBank provides digital solutions that enhance access to loans and other financial products. | Seed | $ 370,000 | 2023 | |
Cauri Money offers payment services for African diasporas | Grant | $ 350,000 | 2021 | |
hela.money aims to digitise the way money moves and flows in the global economy. | Non-equity Assistance | $ 175,000 | 2022 | |
Bloc is building the all-in-one FinTech infrastructure stack — for startups and organisations. | Undisclosed | Undisclosed | 2009 | |
Bank Zero is a South African app-only digital mutual bank. | Undisclosed | Undisclosed | 2018 | |
Menthum is an Egypt-based FinTech venture which is devising a digital saving solution that's simple & secure. | Pre-seed | Undisclosed | 2021 |
Founded
2020
Overview
ARC Ride is providing the electric solution to mass-transportation in rapidly-growing African cities.
Last round
Debt Financing
Total raised
$ 15,000,000
Employee
11-50
Founded
2022
Overview
Banking services for the unbanked: Maplerad provides a modern banking platform for Nigerians.
Last round
Seed
Total raised
$ 6,000,000
Employee
2-10
Founded
2021
Overview
Anchor is a banking-as-a-service startup that builds, embeds and launch financial products for African businesses.
Last round
Non-equity Assistance
Total raised
$ 3,400,000
Employee
2-10
Founded
2014
Overview
KIMS Microfinance is Somalia’s first and only dedicated and privately-owned microfinance institution.
Last round
Venture
Total raised
$ 1,000,000
Employee
51-200
Founded
2023
Overview
EasyBank provides digital solutions that enhance access to loans and other financial products.
Last round
Seed
Total raised
$ 370,000
Employee
2-10
Founded
2021
Overview
Cauri Money offers payment services for African diasporas
Last round
Grant
Total raised
$ 350,000
Employee
2-10
Founded
2022
Overview
hela.money aims to digitise the way money moves and flows in the global economy.
Last round
Non-equity Assistance
Total raised
$ 175,000
Employee
2-10
Founded
2009
Overview
Bloc is building the all-in-one FinTech infrastructure stack — for startups and organisations.
Last round
Undisclosed
Total raised
$ 0
Employee
201-500
Founded
2018
Overview
Bank Zero is a South African app-only digital mutual bank.
Last round
Undisclosed
Total raised
$ 0
Employee
11-50
Founded
2021
Overview
Menthum is an Egypt-based FinTech venture which is devising a digital saving solution that's simple & secure.
Last round
Pre-seed
Total raised
$ 0
Employee
11-50