Consumer Lending Startups in Africa
Overview Powered by AI
Consumer lending is on the rise in Africa, driven by increased financial inclusion and smartphone penetration. FinTechs like Finclusion, Carbon, and One Credit are leading the charge, offering innovative and accessible products. Local business leaders see the potential, but also express concerns about over-indebtedness and regulatory challenges.
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| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
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 | |
Carbon ignites personal growth through financial innovation | Debt Financing | $ 15,800,000 | 2012 | |
One Credit is an online consumer lending business in Nigeria. | Convertible Note | $ 10,750,000 | 2012 | |
KiaKia is an online marketplace to access capital, invest and earn. | Seed | $ 550,000 | 2015 | |
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 | |
The easiest way to lend and borrow money. | Undisclosed | Undisclosed | 2023 | |
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
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
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
Founded
2015
Overview
KiaKia is an online marketplace to access capital, invest and earn.
Last round
Seed
Total raised
$ 550,000
Employee
1-10
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
Founded
2023
Overview
The easiest way to lend and borrow money.
Last round
Undisclosed
Total raised
$ 0
Employee
2-10
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