Banking Startups in Africa
Overview Powered by AI
Banking innovation is heating up in Southern Africa. Digital upstarts like MNT-Halan are shaking up the market with lower fees and mobile-first services. Traditional banks are fighting back with partnerships and digitization initiatives. Business leaders are cautiously optimistic, but see significant potential in the long run.
Cummulative Funding
$1.8B+
Total # of Companies
54
Total Deal Count
126
Total M&A Count
7
Total # of Investors
274
List of Banking startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
MNT-Halan is Egypt’s largest and fastest growing lender to the unbanked. | Venture | $ 827,500,000 | 2018 | |
TymeBank is a South African fully black-owned and controlled investment company. | Series C | $ 268,909,182 | 2012 | |
Fawry is the leading Egyptian platform for digital transformation & e-payments | Private Equity | $ 122,000,000 | 2008 | |
Oragroup SA provides personal and business banking services. | Debt Financing | $ 99,500,000 | 1988 | |
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 | |
TeamApt is using technology to facilitate financial happiness for Africans | Series B | $ 55,500,000 | 2015 | |
Britam is a diversified financial services group. | Post-IPO Equity | $ 53,640,790 | 1956 | |
NALA Money is the smartest and safest way to make payments in Tanzania and Uganda | Series A | $ 50,200,000 | 2017 | |
Shelter Afrique is the only Pan-African Finance Institution. | Debt Financing | $ 50,000,000 | 1982 | |
Moniepoint provides a seamless platform to accept payments digitally, receive credit and access business management tools. | Debt Financing | $ 37,600,000 | 2015 | |
Kudi is making financial services accessible and affordable for all Africans. | Series B | $ 35,120,000 | 2016 | |
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 | |
Tanda is a Kenyan fintech startup working to revolutionize access to digital financial services for micro-retilers across Africa. | Seed | $ 20,000,000 | 2017 | |
Investec provides out of the ordinary insights from the world of finance and our partners. | Grant | $ 18,709,050 | 1974 | |
Djamo is a challenger bank for consumers in French-speaking Africa. | Venture | $ 14,125,000 | 2019 | |
Appzone is a fintech that builds proprietary solutions for financial institutions, banking and payments services. | Series A | $ 10,000,000 | 2008 | |
Real People Home Finance collaborates with reputable building retailers, providing home improvement finance. | Private Equity | $ 6,000,000 | 2001 | |
South African financial technology incubator to the largest African insurance- and banking institutions. | Non-equity Assistance | $ 5,502,558 | 2015 | |
Nexta is an Egypt-based fintech and next-generation banking platform | Seed | $ 5,200,000 | 2021 | |
Fonbnk is a new distributed finance company enabling a frictionless, financial onramp for emerging markets. | Seed | $ 5,120,000 | 2019 |
Founded
2018
Overview
MNT-Halan is Egypt’s largest and fastest growing lender to the unbanked.
Last round
Venture
Total raised
$ 827,500,000
Employee
10,001+
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
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
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
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
Founded
1956
Overview
Britam is a diversified financial services group.
Last round
Post-IPO Equity
Total raised
$ 53,640,790
Employee
1001-5000
Founded
2017
Overview
NALA Money is the smartest and safest way to make payments in Tanzania and Uganda
Last round
Series A
Total raised
$ 50,200,000
Employee
1-10
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
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
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
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
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+
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
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
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
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