Buy Now Pay Later Startups in Africa
Overview Powered by AI
BNPL is taking off in East Africa, driven by rising smartphone penetration and a growing middle class. Klump and ProXalys are leading players, but smaller players are emerging. Local business leaders see BNPL as a way to boost sales and reach new customers, but concerns persist about credit risks and regulatory oversight.
Cummulative Funding
$48M+
Total # of Companies
7
Total Deal Count
14
Total M&A Count
0
Total # of Investors
41
List of Buy Now Pay Later startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
GoCab: Ivorian fintech startup empowering entrepreneurs with accessible financial solutions. | Seed | $ 45,000,000 | 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 | |
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 | |
Leya Labs: Empowering Africa’s mobile money networks with B2B fintech. | Seed | 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 |
Founded
2024
Overview
GoCab: Ivorian fintech startup empowering entrepreneurs with accessible financial solutions.
Last round
Seed
Total raised
$ 45,000,000
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
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
2018
Overview
Leya Labs: Empowering Africa’s mobile money networks with B2B fintech.
Last round
Seed
Total raised
$ 0
Employee
51-200
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