Bank as a Service Startups in Africa
Overview Powered by AI
Baas is gaining traction, with Bankly leading the charge. Local businesses recognize its potential to enhance financial inclusion, drive innovation, and lower costs. However, infrastructure limitations and regulatory hurdles remain challenges that need to be addressed for wider adoption.
Cummulative Funding
$2.1M+
Total # of Companies
1
Total Deal Count
5
Total M&A Count
0
Total # of Investors
8
List of Bank as a Service startups in Africa
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Founded
2018
Overview
Bankly is a Lagos-based Fintech which offers direct-to-consumer (DTC) products to Nigeria’s unbanked and underbanked populations.
Last round
Seed
Total raised
$ 2,100,000
Employee
11-50