E-Banking Startups in Africa
Overview Powered by AI
E-banking's gaining steam. Umba's success has sparked interest, but it's a crowded market with intense competition from incumbents. The challenge is scaling beyond early adopters to reach the mass market. Local business leaders see it as a potential game-changer but emphasize the need for robust infrastructure, financial literacy, and reliable internet access for widespread adoption.
Cummulative Funding
$17.3M+
Total # of Companies
2
Total Deal Count
6
Total M&A Count
0
Total # of Investors
20
List of E-Banking startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Umba is an Africa-focused digital bank, offering free bank accounts and financial services to customers. | Angel | $ 17,300,000 | 2018 | |
Aibanc offers AI-powered banking for High Earners Not Rich Yet (HENRY). | Undisclosed | Undisclosed | 2021 |
Founded
2018
Overview
Umba is an Africa-focused digital bank, offering free bank accounts and financial services to customers.
Last round
Angel
Total raised
$ 17,300,000
Employee
11-50
Founded
2021
Overview
Aibanc offers AI-powered banking for High Earners Not Rich Yet (HENRY).
Last round
Undisclosed
Total raised
$ 0
Employee
2-10