Cryptocurrency Startups in Africa
Overview Powered by AI
Cryptocurrency is gaining traction in West Africa, driven by rising smartphone adoption and a growing tech-savvy population. Local businesses are exploring digital currency payments for increased convenience and financial inclusion. However, regulatory frameworks remain nascent, and concerns over volatility and fraud persist.
Cummulative Funding
$339.7M+
Total # of Companies
53
Total Deal Count
84
Total M&A Count
3
Total # of Investors
302
List of Cryptocurrency startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Yellow Card Financial is a digital currency exchange for the cash market. | Series C | $ 89,500,000 | 2016 | |
Conduit enables businesses to simply and cheaply move money between Latin America, Africa, China and the US at scale. | Series A | $ 59,000,000 | 2024 | |
VALR bridges the gap between our traditional financial system and the new world of cryptocurrencies. | Series B | $ 54,900,000 | 2018 | |
Jambo is a Congo-based firm that is creating Africaβs web3 user acquisition gateway. | Series A | $ 37,500,000 | 2021 | |
Bitfxt is the easiest place to buy and sell digital currencies like bitcoin and ethereum. | Venture | $ 15,000,000 | 2016 | |
Ejara is a platform allowing French-speaking Africa to access various affordable investment offers: fractional shares, crypto and more. | Series A | $ 10,000,000 | 2020 | |
Cedar Money is simplifying Cross-border Transactions for Businesses in Africa. | Seed | $ 9,900,000 | 2022 | |
Nestcoin builds, operates and invests in crypto-native products for everyday people in frontier markets. | Seed | $ 8,400,000 | 2021 | |
Vibra empowers the world's best crypto enthusiasts and newbies to effortlessly go from zero to master | Pre-Series A | $ 6,000,000 | 2021 | |
HoneyCoin is building tools to help people move & spend money anywhere, affordably and at the speed of the internet. | Seed | $ 5,050,000 | 2020 | |
NFTfi is a simple marketplace for NFT collateralized loans. | Seed | $ 5,000,000 | 2017 | |
Revix is a South African cryptocurrency investment platform which allows users to create a diversified portfolio of top cryptocurrencies | Grant | $ 5,000,000 | 2018 | |
SOL Wallet is the easiest way to pay and get paid, to spend, send or save your money. | Seed | $ 4,300,000 | 2017 | |
Busha is a Nigerian based Financial Service platform where users can trade and exchange cryptocurrencies. | Seed | $ 4,200,000 | 2018 | |
Canza Finance is providing access to financial services to the financially underserved masses in Africa | Seed | $ 3,480,000 | 2019 | |
Metaverse Magna is an Africa-focused blockchain gaming platform | Seed | $ 3,200,000 | 2021 | |
Munify is a cross-border neobank designed to give Egyptians abroad a faster, cheaper way to send money home. | Seed | $ 3,000,000 | 2025 | |
Bitmama is a Nigerian crypto trading platform that allows faster, eaiser and cheaper exchange of cryptocurrencies in Africa. | Pre-seed | $ 2,451,000 | 2016 | |
Centbee is the easiest way to store, spend and send Bitcoin SV safely on your mobile phone | Seed | $ 2,237,210 | 2017 | |
Afropolitan is creating a Digital Nation to enable all Africans to build abundant lives. | Pre-seed | $ 2,100,000 | 2022 |
Founded
2016
Overview
Yellow Card Financial is a digital currency exchange for the cash market.
Last round
Series C
Total raised
$ 89,500,000
Employee
11β50
Founded
2024
Overview
Conduit enables businesses to simply and cheaply move money between Latin America, Africa, China and the US at scale.
Last round
Series A
Total raised
$ 59,000,000
Employee
11-50
Founded
2018
Overview
VALR bridges the gap between our traditional financial system and the new world of cryptocurrencies.
Last round
Series B
Total raised
$ 54,900,000
Employee
2-10
Founded
2021
Overview
Jambo is a Congo-based firm that is creating Africaβs web3 user acquisition gateway.
Last round
Series A
Total raised
$ 37,500,000
Employee
2-10
Founded
2016
Overview
Bitfxt is the easiest place to buy and sell digital currencies like bitcoin and ethereum.
Last round
Venture
Total raised
$ 15,000,000
Employee
2-10
Founded
2020
Overview
Ejara is a platform allowing French-speaking Africa to access various affordable investment offers: fractional shares, crypto and more.
Last round
Series A
Total raised
$ 10,000,000
Employee
2-10
Founded
2022
Overview
Cedar Money is simplifying Cross-border Transactions for Businesses in Africa.
Last round
Seed
Total raised
$ 9,900,000
Employee
11-50
Founded
2021
Overview
Nestcoin builds, operates and invests in crypto-native products for everyday people in frontier markets.
Last round
Seed
Total raised
$ 8,400,000
Employee
11-50
Founded
2021
Overview
Vibra empowers the world's best crypto enthusiasts and newbies to effortlessly go from zero to master
Last round
Pre-Series A
Total raised
$ 6,000,000
Employee
11-50
Founded
2020
Overview
HoneyCoin is building tools to help people move & spend money anywhere, affordably and at the speed of the internet.
Last round
Seed
Total raised
$ 5,050,000
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
2018
Overview
Revix is a South African cryptocurrency investment platform which allows users to create a diversified portfolio of top cryptocurrencies
Last round
Grant
Total raised
$ 5,000,000
Employee
2-10
Founded
2017
Overview
SOL Wallet is the easiest way to pay and get paid, to spend, send or save your money.
Last round
Seed
Total raised
$ 4,300,000
Employee
11-50
Founded
2018
Overview
Busha is a Nigerian based Financial Service platform where users can trade and exchange cryptocurrencies.
Last round
Seed
Total raised
$ 4,200,000
Employee
2-10
Founded
2019
Overview
Canza Finance is providing access to financial services to the financially underserved masses in Africa
Last round
Seed
Total raised
$ 3,480,000
Employee
11-50
Founded
2021
Overview
Metaverse Magna is an Africa-focused blockchain gaming platform
Last round
Seed
Total raised
$ 3,200,000
Employee
11-50
Founded
2025
Overview
Munify is a cross-border neobank designed to give Egyptians abroad a faster, cheaper way to send money home.
Last round
Seed
Total raised
$ 3,000,000
Employee
2-10
Founded
2016
Overview
Bitmama is a Nigerian crypto trading platform that allows faster, eaiser and cheaper exchange of cryptocurrencies in Africa.
Last round
Pre-seed
Total raised
$ 2,451,000
Employee
11-50
Founded
2017
Overview
Centbee is the easiest way to store, spend and send Bitcoin SV safely on your mobile phone
Last round
Seed
Total raised
$ 2,237,210
Employee
1-10
Founded
2022
Overview
Afropolitan is creating a Digital Nation to enable all Africans to build abundant lives.
Last round
Pre-seed
Total raised
$ 2,100,000
Employee
2-10