Consumer Finance Startups in Africa
Overview Powered by AI
Consumer finance is gaining traction, especially post-COVID. Buy now, pay later services like valU are popular, as they offer accessible credit to underserved consumers. However, regulation is still catching up, creating both opportunities and challenges for players in this space.
Cummulative Funding
$237.6M+
Total # of Companies
4
Total Deal Count
16
Total M&A Count
0
Total # of Investors
16
List of Consumer Finance startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
valU is a Buy-Now, Pay-Later lifestyle enabling solution which empowers customers' shopping experience. | Post-IPO Debt | $ 191,580,387 | 2017 | |
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 | |
MyStocks.Africa is a B2C fintech platform giving retail investors access to live stock data and trading. | Non-equity Assistance | $ 125,000 | 2023 |
Founded
2017
Overview
valU is a Buy-Now, Pay-Later lifestyle enabling solution which empowers customers' shopping experience.
Last round
Post-IPO Debt
Total raised
$ 191,580,387
Employee
201-500
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
2023
Overview
MyStocks.Africa is a B2C fintech platform giving retail investors access to live stock data and trading.
Last round
Non-equity Assistance
Total raised
$ 125,000
Employee
1-10