Credit Startups in Africa
Overview Powered by AI
East Africa's credit landscape is evolving rapidly. Tala and Bayport dominate lending, but InfraCredit's guarantee model is unlocking funding for local lenders. Business leaders see credit as crucial for growth but express concerns about over-indebtedness. Local challenger banks and fintechs are emerging, offering innovative credit solutions tailored to the market's unique needs.
Cummulative Funding
$914.3M+
Total # of Companies
30
Total Deal Count
81
Total M&A Count
4
Total # of Investors
160
List of Credit startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Tala is a financial technology company on a mission to build a financial system that works for everyone. | Series E | $ 349,439,700 | 2011 | |
Bayport Management Limited, through its subsidiaries, provides retail financial services in the Republic of Mauritius and internationally. | Private Equity | $ 263,000,000 | 2001 | |
Fintech lender empowering individuals and MSMEs with digital financial access. | Debt Financing | $ 74,500,000 | 2014 | |
GoCab: Ivorian fintech startup empowering entrepreneurs with accessible financial solutions. | Seed | $ 45,000,000 | 2024 | |
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 | |
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 | |
4G Capital is providing financial literacy training with working capital loans to help small businesses grow sustainably. | Debt Financing | $ 25,100,000 | 2013 | |
Kredete is a FinTech platform focused on enabling African immigrants to build credit scores and send money back home, | Series A | $ 24,815,000 | 2023 | |
SolarX provides turnkey solar solutions, financing, and leasing for West African businesses. | Debt Financing | $ 23,300,000 | 2020 | |
Tanda is a Kenyan fintech startup working to revolutionize access to digital financial services for micro-retilers across Africa. | Seed | $ 20,000,000 | 2017 | |
Zanifu was built with the idea of building local technical solutions to local problems | Corporate | $ 12,200,000 | 2016 | |
Real People Home Finance collaborates with reputable building retailers, providing home improvement finance. | Private Equity | $ 6,000,000 | 2001 | |
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 | |
TopUp Mama makes it easier for restaurants to start and grow. Get access to stock, credit, and community support. | Grant | $ 2,160,000 | 2021 | |
EasyBank provides digital solutions that enhance access to loans and other financial products. | Seed | $ 370,000 | 2023 | |
Flow Global provides liquidity solutions for small businesses in emerging markets, empowering sustainable growth. | Venture | $ 200,000 | 2018 | |
Motito is a consumer fintech company offering “Buy Now, Pay Later” services to individuals across Africa. | Pre-seed | $ 139,000 | 2019 | |
One Plan helps everyday working Africans access financial services to improve their quality of life. | Pre-seed | $ 120,000 | 2022 | |
Unified Payments, Credit and Shopping Platform targeting African consumers and businesses | Grant | $ 110,000 | 2014 | |
Seamless credit and spend management tools to grow small businesses in Nigeria. | Pre-seed | $ 85,000 | 2019 |
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
2014
Overview
Fintech lender empowering individuals and MSMEs with digital financial access.
Last round
Debt Financing
Total raised
$ 74,500,000
Employee
51-200
Founded
2024
Overview
GoCab: Ivorian fintech startup empowering entrepreneurs with accessible financial solutions.
Last round
Seed
Total raised
$ 45,000,000
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
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
Debt Financing
Total raised
$ 25,100,000
Employee
251-500
Founded
2023
Overview
Kredete is a FinTech platform focused on enabling African immigrants to build credit scores and send money back home,
Last round
Series A
Total raised
$ 24,815,000
Employee
11-50
Founded
2020
Overview
SolarX provides turnkey solar solutions, financing, and leasing for West African businesses.
Last round
Debt Financing
Total raised
$ 23,300,000
Employee
11-50
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
Founded
2016
Overview
Zanifu was built with the idea of building local technical solutions to local problems
Last round
Corporate
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
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
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
Founded
2023
Overview
EasyBank provides digital solutions that enhance access to loans and other financial products.
Last round
Seed
Total raised
$ 370,000
Employee
2-10
Founded
2018
Overview
Flow Global provides liquidity solutions for small businesses in emerging markets, empowering sustainable growth.
Last round
Venture
Total raised
$ 200,000
Employee
11-50
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
Founded
2022
Overview
One Plan helps everyday working Africans access financial services to improve their quality of life.
Last round
Pre-seed
Total raised
$ 120,000
Employee
11-50
Founded
2014
Overview
Unified Payments, Credit and Shopping Platform targeting African consumers and businesses
Last round
Grant
Total raised
$ 110,000
Employee
11-50
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