Credit Startups in Africa

Step into the thriving world of Credit 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 Credit.

Cummulative Funding

$709.4M+

Total # of Companies

18

Total Deal Count

49

Total M&A Count

1

Total # of Investors

121

List of Credit startups in Africa

Add Startup
StartupOverviewLast roundTotal raisedFounded
1.

Tala is a financial technology company on a mission to build a financial system that works for everyone.

Series E

$ 349,439,700

2011

2.

Bayport Management Limited, through its subsidiaries, provides retail financial services in the Republic of Mauritius and internationally.

Private Equity

$ 263,000,000

2001

3.

InfraCredit is a Nigerian startup which guarantees the credit quality of debt instruments issued to finance infrastructure assets in Nigeria.

Funding Round

$ 27,000,000

2016

4.

4G Capital is providing financial literacy training with working capital loans to help small businesses grow sustainably.

Series C

$ 23,100,000

2013

5.

Tanda is a Kenyan fintech startup working to revolutionize access to digital financial services for micro-retilers across Africa.

Seed

$ 20,000,000

2017

6.

Zanifu was built with the idea of building local technical solutions to local problems

Seed

$ 12,200,000

2016

7.

Real People Home Finance collaborates with reputable building retailers, providing home improvement finance.

Private Equity

$ 6,000,000

2001

8.

Mnzl is an Egyptian asset-backed lending platform that enables users in Egypt to leverage their assets as collateral to apply for loans.

Seed

$ 3,500,000

2022

9.

Kredete is a FinTech platform focused on enabling African immigrants to build credit scores and send money back home,

Seed

$ 2,815,000

2023

10.

TopUp Mama makes it easier for restaurants to start and grow. Get access to stock, credit, and community support.

Grant

$ 2,160,000

2021

11.

Unified Payments, Credit and Shopping Platform targeting African consumers and businesses

Grant

$ 110,000

2014

12.

Seamless credit and spend management tools to grow small businesses in Nigeria.

Pre-seed

$ 85,000

2019

13.

Agrotech+ is financing agricultural technologies through mobile micro savings & loans for Small holder famers.

Grant

$ 10,000

2019

14.

PayingTone is a marketplace that provides ecologically trackable products & services on credit.

Undisclosed

Undisclosed

2018

15.

Lesaka is a South African FinTech startup that delivers financial services to consumers and merchants through proprietary banking technologies.

Private Equity

Undisclosed

1997

16.

Faydety is an Egyptian startup which allows users to find, compare and apply to banking products online.

Undisclosed

Undisclosed

2019

17.

CentWise is bridging the funding gap for the millions of micro traders in Africa by derisking them through group-based collateral substitution.

Undisclosed

Undisclosed

2021

18.

Shecluded is a Nigerian financial services and business resource company for women by women.

Non-equity Assistance

Undisclosed

2019

Tala

Founded

2011

Overview

Tala is a financial technology company on a mission to build a financial system that works for everyone.

Last round

Series E

Total raised

$ 349,439,700

Employee

501-1,000

Founded

2001

Overview

Bayport Management Limited, through its subsidiaries, provides retail financial services in the Republic of Mauritius and internationally.

Last round

Private Equity

Total raised

$ 263,000,000

Employee

501-1000

Founded

2016

Overview

InfraCredit is a Nigerian startup which guarantees the credit quality of debt instruments issued to finance infrastructure assets in Nigeria.

Last round

Funding Round

Total raised

$ 27,000,000

Employee

2-10

Founded

2013

Overview

4G Capital is providing financial literacy training with working capital loans to help small businesses grow sustainably.

Last round

Series C

Total raised

$ 23,100,000

Employee

251-500

Tanda

Founded

2017

Overview

Tanda is a Kenyan fintech startup working to revolutionize access to digital financial services for micro-retilers across Africa.

Last round

Seed

Total raised

$ 20,000,000

Employee

51-200

Zanifu

Founded

2016

Overview

Zanifu was built with the idea of building local technical solutions to local problems

Last round

Seed

Total raised

$ 12,200,000

Employee

11-50

Founded

2001

Overview

Real People Home Finance collaborates with reputable building retailers, providing home improvement finance.

Last round

Private Equity

Total raised

$ 6,000,000

Employee

1001-5000

Mnzl

Founded

2022

Overview

Mnzl is an Egyptian asset-backed lending platform that enables users in Egypt to leverage their assets as collateral to apply for loans.

Last round

Seed

Total raised

$ 3,500,000

Employee

11-50

Kredete

Founded

2023

Overview

Kredete is a FinTech platform focused on enabling African immigrants to build credit scores and send money back home,

Last round

Seed

Total raised

$ 2,815,000

Employee

11-50

Founded

2021

Overview

TopUp Mama makes it easier for restaurants to start and grow. Get access to stock, credit, and community support.

Last round

Grant

Total raised

$ 2,160,000

Employee

11-50

Xente

Founded

2014

Overview

Unified Payments, Credit and Shopping Platform targeting African consumers and businesses

Last round

Grant

Total raised

$ 110,000

Employee

11-50

Lendha

Founded

2019

Overview

Seamless credit and spend management tools to grow small businesses in Nigeria.

Last round

Pre-seed

Total raised

$ 85,000

Employee

11-50

Agrotech+

Founded

2019

Overview

Agrotech+ is financing agricultural technologies through mobile micro savings & loans for Small holder famers.

Last round

Grant

Total raised

$ 10,000

Employee

11-50

Founded

2018

Overview

PayingTone is a marketplace that provides ecologically trackable products & services on credit.

Last round

Undisclosed

Total raised

$ 0

Employee

2-10

Founded

1997

Overview

Lesaka is a South African FinTech startup that delivers financial services to consumers and merchants through proprietary banking technologies.

Last round

Private Equity

Total raised

$ 0

Employee

1,001-5,000

Faydety

Founded

2019

Overview

Faydety is an Egyptian startup which allows users to find, compare and apply to banking products online.

Last round

Undisclosed

Total raised

$ 0

Employee

11-50

CentWise

Founded

2021

Overview

CentWise is bridging the funding gap for the millions of micro traders in Africa by derisking them through group-based collateral substitution.

Last round

Undisclosed

Total raised

$ 0

Employee

2-10

Shecluded

Founded

2019

Overview

Shecluded is a Nigerian financial services and business resource company for women by women.

Last round

Non-equity Assistance

Total raised

$ 0

Employee

11-50

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