Consumer Credit Startups in Africa
Overview Powered by AI
Consumer credit is heating up in East Africa, with local fintechs like Money Fellows and Sava grabbing market share. Banks are feeling the pressure to innovate, but they're also wary of the risks. The real story on the ground is that there's a lot of potential, but also a lot of challenges. Local business leaders are excited about the opportunity to reach more customers, but they're also concerned about the regulatory environment and the potential for defaults. Overall, the consumer credit mark...
Cummulative Funding
$110.2M+
Total # of Companies
5
Total Deal Count
23
Total M&A Count
0
Total # of Investors
46
List of Consumer Credit startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Digitizing Collaborative Group Lending and Savings in Egypt | Pre-Series C | $ 62,218,000 | 2018 | |
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 | |
MyCredit is a Kenyan consumer-focused fintech offering quick loans and insurance solutions to individuals. | Debt Financing | $ 8,600,000 | 2015 | |
Empowering business growth through tools and credit management. | Pre-seed | $ 2,000,000 | 2021 | |
Motito is a consumer fintech company offering “Buy Now, Pay Later” services to individuals across Africa. | Pre-seed | $ 139,000 | 2019 |
Founded
2018
Overview
Digitizing Collaborative Group Lending and Savings in Egypt
Last round
Pre-Series C
Total raised
$ 62,218,000
Employee
51-200
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
2015
Overview
MyCredit is a Kenyan consumer-focused fintech offering quick loans and insurance solutions to individuals.
Last round
Debt Financing
Total raised
$ 8,600,000
Employee
201-500
Founded
2021
Overview
Empowering business growth through tools and credit management.
Last round
Pre-seed
Total raised
$ 2,000,000
Employee
2-10
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