BNPL Startups in Africa
Overview Powered by AI
BNPL's traction in Africa lags behind other markets due to limited infrastructure and consumer awareness. Local business leaders are cautious, citing regulatory concerns and the need for tailored solutions to suit local needs. Key players like Blnk, Klump, and Swipe face challenges in building sustainable revenue models.
Cummulative Funding
$75.1M+
Total # of Companies
13
Total Deal Count
18
Total M&A Count
0
Total # of Investors
38
List of BNPL startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Mylo is a Cairo-based B2C fintech platform, spun out of B.TECH, offering Sharia-compliant consumer finance solutions. | Debt Financing | $ 37,300,000 | 2022 | |
Blnk is a fintech company with a mission of enabling inclusion through point-of-sale financing. | Debt Financing | $ 32,000,000 | 2020 | |
Done.ma unifies food, retail, and logistics into Morocco’s first all-in-one Super App. | Seed | $ 2,100,000 | 2024 | |
Happy Pay is pioneering responsible zero-interest payments. | Debt Financing | $ 2,000,000 | 2021 | |
Klump is a Buy Now, Pay Later product offering alternative checkout and in-store loans to customers and businesses. | Pre-seed | $ 780,000 | 2021 | |
At Swipe, our mission is to drive credit card adoption in Africa through our Cards as a Service (CAAS) solution | Pre-seed | $ 650,000 | 2018 | |
ProXalys is a flagship African platform specializing in sales with installment and deferred payment. | Pre-seed | $ 150,000 | 2020 | |
Motito is a consumer fintech company offering “Buy Now, Pay Later” services to individuals across Africa. | Pre-seed | $ 139,000 | 2019 | |
UltraTeb is a Cairo-based B2B platform streamlining medical supply procurement with financing. | Grant | $ 50,000 | 2020 | |
CentWise is bridging the funding gap for the millions of micro traders in Africa by derisking them through group-based collateral substitution. | Undisclosed | Undisclosed | 2021 | |
PayingTone is a marketplace that provides ecologically trackable products & services on credit. | Undisclosed | Undisclosed | 2018 | |
Sevi provides a B2B buy now, pay later solution. The Sevi app facilitates buying products/stock/assets on credit and easy repayment. | Venture | Undisclosed | 2018 | |
Aspira is a Kenyan platform that allows customers to buy their dream products now and pay later in easy monthly installments. | Undisclosed | Undisclosed | 2017 |
Founded
2022
Overview
Mylo is a Cairo-based B2C fintech platform, spun out of B.TECH, offering Sharia-compliant consumer finance solutions.
Last round
Debt Financing
Total raised
$ 37,300,000
Employee
201-500
Founded
2020
Overview
Blnk is a fintech company with a mission of enabling inclusion through point-of-sale financing.
Last round
Debt Financing
Total raised
$ 32,000,000
Employee
51-200
Founded
2024
Overview
Done.ma unifies food, retail, and logistics into Morocco’s first all-in-one Super App.
Last round
Seed
Total raised
$ 2,100,000
Employee
51-200
Founded
2021
Overview
Happy Pay is pioneering responsible zero-interest payments.
Last round
Debt Financing
Total raised
$ 2,000,000
Employee
11-50
Founded
2021
Overview
Klump is a Buy Now, Pay Later product offering alternative checkout and in-store loans to customers and businesses.
Last round
Pre-seed
Total raised
$ 780,000
Employee
2-10
Founded
2018
Overview
At Swipe, our mission is to drive credit card adoption in Africa through our Cards as a Service (CAAS) solution
Last round
Pre-seed
Total raised
$ 650,000
Employee
11-50
Founded
2020
Overview
ProXalys is a flagship African platform specializing in sales with installment and deferred payment.
Last round
Pre-seed
Total raised
$ 150,000
Employee
11-50
Founded
2019
Overview
Motito is a consumer fintech company offering “Buy Now, Pay Later” services to individuals across Africa.
Last round
Pre-seed
Total raised
$ 139,000
Employee
1-10
Founded
2020
Overview
UltraTeb is a Cairo-based B2B platform streamlining medical supply procurement with financing.
Last round
Grant
Total raised
$ 50,000
Employee
11-50
Founded
2021
Overview
CentWise is bridging the funding gap for the millions of micro traders in Africa by derisking them through group-based collateral substitution.
Last round
Undisclosed
Total raised
$ 0
Employee
2-10
Founded
2018
Overview
PayingTone is a marketplace that provides ecologically trackable products & services on credit.
Last round
Undisclosed
Total raised
$ 0
Employee
2-10
Founded
2018
Overview
Sevi provides a B2B buy now, pay later solution. The Sevi app facilitates buying products/stock/assets on credit and easy repayment.
Last round
Venture
Total raised
$ 0
Employee
51-200
Founded
2017
Overview
Aspira is a Kenyan platform that allows customers to buy their dream products now and pay later in easy monthly installments.
Last round
Undisclosed
Total raised
$ 0
Employee
11-50