Banking-as-a-Service Startups in Africa

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Banking-as-a-Service is gaining traction in West Africa, with players like Cauri Money leading the charge. Local business leaders see it as a game-changer, enabling them to offer financial services to their customers without the regulatory burden. The key to success lies in partnerships between fintechs and traditional banks, ensuring compliance and scalability.

Cummulative Funding

$350K+

Total # of Companies

2

Total Deal Count

2

Total M&A Count

1

Total # of Investors

6

List of Banking-as-a-Service startups in Africa

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StartupOverviewLast roundTotal raisedFounded
1.

Cauri Money offers payment services for African diasporas

Grant

$ 350,000

2021

2.

Bloc is building the all-in-one FinTech infrastructure stack β€” for startups and organisations.

Undisclosed

Undisclosed

2009

Founded

2021

Overview

Cauri Money offers payment services for African diasporas

Last round

Grant

Total raised

$ 350,000

Employee

2-10

Bloc

Founded

2009

Overview

Bloc is building the all-in-one FinTech infrastructure stack β€” for startups and organisations.

Last round

Undisclosed

Total raised

$ 0

Employee

201-500

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