Digital Banking Startups in Africa
Overview Powered by AI
Digital banking is gaining traction in East Africa, with players like Money Fellows and Kwara leading the charge. Local business leaders praise the convenience and accessibility, but voice concerns about data privacy and regulatory oversight.
Cummulative Funding
$69.3M+
Total # of Companies
3
Total Deal Count
21
Total M&A Count
0
Total # of Investors
55
List of Digital Banking startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Digitizing Collaborative Group Lending and Savings in Egypt | Pre-Series C | $ 62,218,000 | 2018 | |
Kwara is a Nairobi and Berlin based startup offering affordable digital banking | Seed | $ 7,180,000 | 2018 | |
Mekka is revolutionizing financial services across Africa by building the continent’s first dedicated neobank for enterprises. | Funding Round | Undisclosed | 2024 |
Founded
2018
Overview
Digitizing Collaborative Group Lending and Savings in Egypt
Last round
Pre-Series C
Total raised
$ 62,218,000
Employee
51-200
Founded
2018
Overview
Kwara is a Nairobi and Berlin based startup offering affordable digital banking
Last round
Seed
Total raised
$ 7,180,000
Employee
11-50
Founded
2024
Overview
Mekka is revolutionizing financial services across Africa by building the continent’s first dedicated neobank for enterprises.
Last round
Funding Round
Total raised
$ 0
Employee
11-50