Banking Startups in Africa

Step into the thriving world of Banking startups in Africa, where innovators are rewriting the rules and redefining what's possible. Our carefully curated list is your passport to explore the trailblazers who are shaping this dynamic sector. Discover their bold solutions, game-changing products, and out-of-the-box thinking as they forge new paths in Banking.

Cummulative Funding

$1.6B+

Total # of Companies

47

Total Deal Count

118

Total M&A Count

7

Total # of Investors

244

List of Banking startups in Africa

Add Startup

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List
StartupOverviewLast roundTotal raisedFounded
1.

MNT-Halan is Egypt’s largest and fastest growing lender to the unbanked.

Venture

$ 670,000,000

2018

2.

TymeBank is a South African fully black-owned and controlled investment company.

Series C

$ 268,909,182

2012

3.

Fawry is the leading Egyptian platform for digital transformation & e-payments

Private Equity

$ 122,000,000

2008

4.

Oragroup SA provides personal and business banking services.

Debt Financing

$ 99,500,000

1988

5.

Kuda Bank is designed for your smartphone, free of ridiculous charges and great at helping you budget, spend smartly and save more.

Series B

$ 91,600,000

2018

6.

TeamApt is using technology to facilitate financial happiness for Africans

Series B

$ 55,500,000

2015

7.

Britam is a diversified financial services group.

Post-IPO Equity

$ 53,640,790

1956

8.

Shelter Afrique is the only Pan-African Finance Institution.

Debt Financing

$ 50,000,000

1982

9.

Moniepoint provides a seamless platform to accept payments digitally, receive credit and access business management tools.

Debt Financing

$ 37,600,000

2015

10.

Kudi is making financial services accessible and affordable for all Africans.

Series B

$ 35,120,000

2016

11.

Telda is a Cairo-based financial brand built for Millennials and GenZ to take the pain out of peer-to-peer payments.

Seed

$ 25,000,000

2021

12.

Tanda is a Kenyan fintech startup working to revolutionize access to digital financial services for micro-retilers across Africa.

Seed

$ 20,000,000

2017

13.

Investec provides out of the ordinary insights from the world of finance and our partners.

Grant

$ 18,709,050

1974

14.

Djamo is a challenger bank for consumers in French-speaking Africa.

Venture

$ 14,125,000

2019

15.

NALA Money is the smartest and safest way to make payments in Tanzania and Uganda

Seed

$ 10,200,000

2017

16.

Appzone is a fintech that builds proprietary solutions for financial institutions, banking and payments services.

Series A

$ 10,000,000

2008

17.

Real People Home Finance collaborates with reputable building retailers, providing home improvement finance.

Private Equity

$ 6,000,000

2001

18.

South African financial technology incubator to the largest African insurance- and banking institutions.

Non-equity Assistance

$ 5,502,558

2015

19.

Nexta is an Egypt-based fintech and next-generation banking platform

Seed

$ 5,200,000

2021

20.

Fonbnk is a new distributed finance company enabling a frictionless, financial onramp for emerging markets.

Seed

$ 5,120,000

2019

MNT-Halan

Founded

2018

Overview

MNT-Halan is Egypt’s largest and fastest growing lender to the unbanked.

Last round

Venture

Total raised

$ 670,000,000

Employee

10,001+

TymeBank

Founded

2012

Overview

TymeBank is a South African fully black-owned and controlled investment company.

Last round

Series C

Total raised

$ 268,909,182

Employee

51-200

Fawry

Founded

2008

Overview

Fawry is the leading Egyptian platform for digital transformation & e-payments

Last round

Private Equity

Total raised

$ 122,000,000

Employee

251-500

Founded

1988

Overview

Oragroup SA provides personal and business banking services.

Last round

Debt Financing

Total raised

$ 99,500,000

Employee

1001-5000

Kuda Bank

Founded

2018

Overview

Kuda Bank is designed for your smartphone, free of ridiculous charges and great at helping you budget, spend smartly and save more.

Last round

Series B

Total raised

$ 91,600,000

Employee

11-51

TeamApt

Founded

2015

Overview

TeamApt is using technology to facilitate financial happiness for Africans

Last round

Series B

Total raised

$ 55,500,000

Employee

201-500

Britam

Founded

1956

Overview

Britam is a diversified financial services group.

Last round

Post-IPO Equity

Total raised

$ 53,640,790

Employee

1001-5000

Founded

1982

Overview

Shelter Afrique is the only Pan-African Finance Institution.

Last round

Debt Financing

Total raised

$ 50,000,000

Employee

51-200

Founded

2015

Overview

Moniepoint provides a seamless platform to accept payments digitally, receive credit and access business management tools.

Last round

Debt Financing

Total raised

$ 37,600,000

Employee

1,001-5,000

Kudi

Founded

2016

Overview

Kudi is making financial services accessible and affordable for all Africans.

Last round

Series B

Total raised

$ 35,120,000

Employee

51-200

Telda

Founded

2021

Overview

Telda is a Cairo-based financial brand built for Millennials and GenZ to take the pain out of peer-to-peer payments.

Last round

Seed

Total raised

$ 25,000,000

Employee

11-50

Tanda

Founded

2017

Overview

Tanda is a Kenyan fintech startup working to revolutionize access to digital financial services for micro-retilers across Africa.

Last round

Seed

Total raised

$ 20,000,000

Employee

51-200

Investec

Founded

1974

Overview

Investec provides out of the ordinary insights from the world of finance and our partners.

Last round

Grant

Total raised

$ 18,709,050

Employee

10000+

Djamo

Founded

2019

Overview

Djamo is a challenger bank for consumers in French-speaking Africa.

Last round

Venture

Total raised

$ 14,125,000

Employee

11-50

NALA

Founded

2017

Overview

NALA Money is the smartest and safest way to make payments in Tanzania and Uganda

Last round

Seed

Total raised

$ 10,200,000

Employee

1-10

Appzone

Founded

2008

Overview

Appzone is a fintech that builds proprietary solutions for financial institutions, banking and payments services.

Last round

Series A

Total raised

$ 10,000,000

Employee

51-200

Founded

2001

Overview

Real People Home Finance collaborates with reputable building retailers, providing home improvement finance.

Last round

Private Equity

Total raised

$ 6,000,000

Employee

1001-5000

Founded

2015

Overview

South African financial technology incubator to the largest African insurance- and banking institutions.

Last round

Non-equity Assistance

Total raised

$ 5,502,558

Employee

11-50

Nexta

Founded

2021

Overview

Nexta is an Egypt-based fintech and next-generation banking platform

Last round

Seed

Total raised

$ 5,200,000

Employee

11-50

Fonbnk

Founded

2019

Overview

Fonbnk is a new distributed finance company enabling a frictionless, financial onramp for emerging markets.

Last round

Seed

Total raised

$ 5,120,000

Employee

2-10

Upgrade to StartupList Africa PRO for unlimited access to this list.

Unlock Access to Full List

Browse Banking industry stats