EBanking Startups in Africa

Overview Powered by AI

EBanking gaining traction in Africa, with startups like Root and Aboki Africa leading the charge. Local business leaders optimistic about its potential to enhance financial inclusion and drive economic growth. Challenges remain in regulation and infrastructure, but innovators are enthusiastic about the future of EBanking on the continent.

Cummulative Funding

$6.5M+

Total # of Companies

5

Total Deal Count

6

Total M&A Count

0

Total # of Investors

19

List of EBanking startups in Africa

Add Startup
StartupOverviewLast roundTotal raisedFounded
1.

Root is an end-to-end digital insurance platform that enables you to launch new products and digital engagement channels fast.

Venture

$ 4,500,000

2016

2.

Aboki Africa is a Nigerian FinTech platform that allows users to change exchange foreign currencies and make cross-border transactions.

Seed

$ 2,000,000

2020

3.

Quiqpay is enabling access to financial services for anyone with a mobile phone.

Undisclosed

Undisclosed

2021

4.

Faydety is an Egyptian startup which allows users to find, compare and apply to banking products online.

Undisclosed

Undisclosed

2019

5.

VBank.NG is a Nigerian FinTech platform that provides mobile banking services for users.

Undisclosed

Undisclosed

2020

Root

Founded

2016

Overview

Root is an end-to-end digital insurance platform that enables you to launch new products and digital engagement channels fast.

Last round

Venture

Total raised

$ 4,500,000

Employee

11-50

Founded

2020

Overview

Aboki Africa is a Nigerian FinTech platform that allows users to change exchange foreign currencies and make cross-border transactions.

Last round

Seed

Total raised

$ 2,000,000

Employee

11-50

Quiqpay

Founded

2021

Overview

Quiqpay is enabling access to financial services for anyone with a mobile phone.

Last round

Undisclosed

Total raised

$ 0

Employee

2-10

Faydety

Founded

2019

Overview

Faydety is an Egyptian startup which allows users to find, compare and apply to banking products online.

Last round

Undisclosed

Total raised

$ 0

Employee

11-50

VBank.NG

Founded

2020

Overview

VBank.NG is a Nigerian FinTech platform that provides mobile banking services for users.

Last round

Undisclosed

Total raised

$ 0

Employee

201-500

Browse EBanking industry stats