Cryptocurrency and Blockchain Startups in Africa

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Crypto and blockchain in East Africa: growing interest, but challenges remain. Regulatory frameworks and infrastructure gaps hinder widespread adoption. Local business leaders are exploring use cases, but concerns over volatility and security persist. BuyCoins is a major player, but faces competition from global and local exchanges.

Cummulative Funding

$1.6M+

Total # of Companies

5

Total Deal Count

6

Total M&A Count

0

Total # of Investors

9

List of Cryptocurrency and Blockchain startups in Africa

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StartupOverviewLast roundTotal raisedFounded
1.

BuyCoins is a service that enables users trade cryptocurrency instantly with no wait time.

Seed

$ 1,220,000

2017

2.

Paycrest builds B2B fintech settlement infrastructure globally.

Pre-seed

$ 404,000

2024

3.

Konnadex enables African merchants to accept stablecoin payments through seamless Web3 tools.

Grant

$ 20,000

2022

4.

Ezeebit is a B2B fintech platform helping African merchants accept crypto payments with instant, low‑cost settlement.

Undisclosed

Undisclosed

2022

5.

Shiga Digital is a B2B fintech startup offering on‑chain banking solutions for African enterprises.

Corporate

Undisclosed

2020

BuyCoins

Founded

2017

Overview

BuyCoins is a service that enables users trade cryptocurrency instantly with no wait time.

Last round

Seed

Total raised

$ 1,220,000

Employee

11-20

Paycrest

Founded

2024

Overview

Paycrest builds B2B fintech settlement infrastructure globally.

Last round

Pre-seed

Total raised

$ 404,000

Employee

1-10

Konnadex

Founded

2022

Overview

Konnadex enables African merchants to accept stablecoin payments through seamless Web3 tools.

Last round

Grant

Total raised

$ 20,000

Employee

11-50

Ezeebit

Founded

2022

Overview

Ezeebit is a B2B fintech platform helping African merchants accept crypto payments with instant, low‑cost settlement.

Last round

Undisclosed

Total raised

$ 0

Employee

1-10

Founded

2020

Overview

Shiga Digital is a B2B fintech startup offering on‑chain banking solutions for African enterprises.

Last round

Corporate

Total raised

$ 0

Employee

1-10

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