Credits Startups in Africa
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Players like Mogo Auto, Asante Financial Services Group, and NFTfi are making waves in the Southern African credit market. Local business leaders are cautiously optimistic, seeing the potential for increased access to credit and financial inclusion. However, concerns remain about regulatory clarity, affordability, and the need for responsible lending practices.
Cummulative Funding
$311.3M+
Total # of Companies
23
Total Deal Count
43
Total M&A Count
1
Total # of Investors
103
List of Credits startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Tasaheel is a financing company for micro-projects with easy and simple payment systems. | Funding Round | $ 138,000,000 | 2015 | |
Flow48 enables SME growth by transforming future revenues into up-front capital under flexible terms. | Series A | $ 94,000,000 | 2022 | |
Hakki Africa is a Kenya-based FinTech startup that provides microfinance services for small and medium-sized enterprises. | Debt Financing | $ 27,684,000 | 2018 | |
Mogo is a Kenyan vehicle financing company. | Debt Financing | $ 17,000,000 | 2018 | |
Furaha is a purpose-driven lending platform aiming to make finance accessible across sub-Saharan Africa. | Venture | $ 10,000,000 | 2023 | |
Asante Financial Services Group is a Kenyan startup advancing financial independence of underserved small businesses and individuals in Africa. | Series A | $ 7,500,000 | 2016 | |
NFTfi is a simple marketplace for NFT collateralized loans. | Seed | $ 5,000,000 | 2017 | |
Carrot provides accessible line of credit to its users so they never have to liquidate their portfolio when they need quick cash. | Seed | $ 4,200,000 | 2023 | |
Emata is a Ugandan AgTech startup revolutionising the way smallholder farmers in Africa access financing. | Seed | $ 2,525,000 | 2020 | |
Liquify is an invoice financing platform connecting African SMEs with global capital markets. | Seed | $ 2,120,000 | 2023 | |
Empowering business growth through tools and credit management. | Pre-seed | $ 2,000,000 | 2021 | |
At Swipe, our mission is to drive credit card adoption in Africa through our Cards as a Service (CAAS) solution | Pre-seed | $ 650,000 | 2018 | |
VunaPay is a Kenyan startup that is improving the livelihoods of smallholder farmers through Financial Technologies. | Seed | $ 400,000 | 2023 | |
CreditCheck is building Africa's largest credit data Infrastructure that will improve access to better financial services for Africans. | Pre-seed | $ 240,000 | 2021 | |
Finplus Group is a technology company building a new credit & commerce infrastructure for emerging markets. | Non-equity Assistance | Undisclosed | 2017 | |
NEAT Microcredit is empowering entrepreneurs in Nigeria through collateral-free loans, | Seed | Undisclosed | 2017 | |
Pumpkn leverages data to make credit assessments of agricultural small and medium-sized enterprises (agri-SMEs). | Funding Round | Undisclosed | 2023 | |
Agel is Egypt’s First Islamic Fintech; aiming to provide alternative financing solutions that cater MSMEs unique needs. | Pre-seed | Undisclosed | 2021 | |
CreditAis is a South African FinTech startup that uses behavioral data and machine learning to credit score micro-businesses | Grant | Undisclosed | 2020 | |
Cotrust Equity harnesses KYC of target audience to provide unique credit plans to banked and unbanked Micro Traders in sub-Saharan Africa. | Undisclosed | Undisclosed | 2021 |
Founded
2015
Overview
Tasaheel is a financing company for micro-projects with easy and simple payment systems.
Last round
Funding Round
Total raised
$ 138,000,000
Employee
10,001+
Founded
2022
Overview
Flow48 enables SME growth by transforming future revenues into up-front capital under flexible terms.
Last round
Series A
Total raised
$ 94,000,000
Employee
11-50
Founded
2018
Overview
Hakki Africa is a Kenya-based FinTech startup that provides microfinance services for small and medium-sized enterprises.
Last round
Debt Financing
Total raised
$ 27,684,000
Employee
11-50
Founded
2018
Overview
Mogo is a Kenyan vehicle financing company.
Last round
Debt Financing
Total raised
$ 17,000,000
Employee
1,001-5,000
Founded
2023
Overview
Furaha is a purpose-driven lending platform aiming to make finance accessible across sub-Saharan Africa.
Last round
Venture
Total raised
$ 10,000,000
Employee
2-10
Founded
2016
Overview
Asante Financial Services Group is a Kenyan startup advancing financial independence of underserved small businesses and individuals in Africa.
Last round
Series A
Total raised
$ 7,500,000
Employee
11-50
Founded
2017
Overview
NFTfi is a simple marketplace for NFT collateralized loans.
Last round
Seed
Total raised
$ 5,000,000
Employee
2-10
Founded
2023
Overview
Carrot provides accessible line of credit to its users so they never have to liquidate their portfolio when they need quick cash.
Last round
Seed
Total raised
$ 4,200,000
Employee
11-50
Founded
2020
Overview
Emata is a Ugandan AgTech startup revolutionising the way smallholder farmers in Africa access financing.
Last round
Seed
Total raised
$ 2,525,000
Employee
11-50
Founded
2023
Overview
Liquify is an invoice financing platform connecting African SMEs with global capital markets.
Last round
Seed
Total raised
$ 2,120,000
Employee
2-10
Founded
2021
Overview
Empowering business growth through tools and credit management.
Last round
Pre-seed
Total raised
$ 2,000,000
Employee
2-10
Founded
2018
Overview
At Swipe, our mission is to drive credit card adoption in Africa through our Cards as a Service (CAAS) solution
Last round
Pre-seed
Total raised
$ 650,000
Employee
11-50
Founded
2023
Overview
VunaPay is a Kenyan startup that is improving the livelihoods of smallholder farmers through Financial Technologies.
Last round
Seed
Total raised
$ 400,000
Employee
2-10
Founded
2021
Overview
CreditCheck is building Africa's largest credit data Infrastructure that will improve access to better financial services for Africans.
Last round
Pre-seed
Total raised
$ 240,000
Employee
2-10
Founded
2017
Overview
Finplus Group is a technology company building a new credit & commerce infrastructure for emerging markets.
Last round
Non-equity Assistance
Total raised
$ 0
Employee
2-10
Founded
2017
Overview
NEAT Microcredit is empowering entrepreneurs in Nigeria through collateral-free loans,
Last round
Seed
Total raised
$ 0
Employee
51-200
Founded
2023
Overview
Pumpkn leverages data to make credit assessments of agricultural small and medium-sized enterprises (agri-SMEs).
Last round
Funding Round
Total raised
$ 0
Employee
2-10
Founded
2021
Overview
Agel is Egypt’s First Islamic Fintech; aiming to provide alternative financing solutions that cater MSMEs unique needs.
Last round
Pre-seed
Total raised
$ 0
Employee
11-50
Founded
2020
Overview
CreditAis is a South African FinTech startup that uses behavioral data and machine learning to credit score micro-businesses
Last round
Grant
Total raised
$ 0
Employee
2-10
Founded
2021
Overview
Cotrust Equity harnesses KYC of target audience to provide unique credit plans to banked and unbanked Micro Traders in sub-Saharan Africa.
Last round
Undisclosed
Total raised
$ 0
Employee
11-50