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
$1.7B+
Total # of Companies
52
Total Deal Count
119
Total M&A Count
7
Total # of Investors
250
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 | |
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 | |
NALA Money is the smartest and safest way to make payments in Tanzania and Uganda | Seed | $ 10,200,000 | 2017 | |
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
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
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
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