Consumer Lending Startups in Africa

Step into the thriving world of Consumer Lending startups in Africa, where innovators are rewriting the rules and redefining what's possible. Our carefully curated list is your passport to explore the trailblazers who are shaping this dynamic sector. Discover their bold solutions, game-changing products, and out-of-the-box thinking as they forge new paths in Consumer Lending.

Cummulative Funding

$69.2M+

Total # of Companies

7

Total Deal Count

15

Total M&A Count

3

Total # of Investors

22

List of Consumer Lending startups in Africa

Add Startup
StartupOverviewLast roundTotal raisedFounded
1.

Finclusion is a Mauritian startup which drives financial inclusion in Sub-Saharan Africa using AI powered and data driven lending.

Seed

$ 42,000,000

2019

2.

Carbon ignites personal growth through financial innovation

Debt Financing

$ 15,800,000

2012

3.

One Credit is an online consumer lending business in Nigeria.

Convertible Note

$ 10,750,000

2012

4.

KiaKia is an online marketplace to access capital, invest and earn.

Seed

$ 550,000

2015

5.

Lendor is a peer to peer sharing mobile app for Library of Things, a platform where you can rent/lend anything you need for short term usage.

Pre-seed

$ 100,000

2017

6.

Aspira is a Kenyan platform that allows customers to buy their dream products now and pay later in easy monthly installments.

Undisclosed

Undisclosed

2017

7.

The easiest way to lend and borrow money.

Undisclosed

Undisclosed

2023

Founded

2019

Overview

Finclusion is a Mauritian startup which drives financial inclusion in Sub-Saharan Africa using AI powered and data driven lending.

Last round

Seed

Total raised

$ 42,000,000

Employee

2-10

Carbon

Founded

2012

Overview

Carbon ignites personal growth through financial innovation

Last round

Debt Financing

Total raised

$ 15,800,000

Employee

51-100

Founded

2012

Overview

One Credit is an online consumer lending business in Nigeria.

Last round

Convertible Note

Total raised

$ 10,750,000

Employee

11-50

KiaKia

Founded

2015

Overview

KiaKia is an online marketplace to access capital, invest and earn.

Last round

Seed

Total raised

$ 550,000

Employee

1-10

Lendor

Founded

2017

Overview

Lendor is a peer to peer sharing mobile app for Library of Things, a platform where you can rent/lend anything you need for short term usage.

Last round

Pre-seed

Total raised

$ 100,000

Employee

2-10

Aspira

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

Founded

2023

Overview

The easiest way to lend and borrow money.

Last round

Undisclosed

Total raised

$ 0

Employee

2-10

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