Financial Inclusion Startups in Africa

Step into the thriving world of Financial Inclusion startups in Africa, where innovators are rewriting the rules and redefining what's possible. Our carefully curated list is your passport to explore the trailblazers who are shaping this dynamic sector. Discover their bold solutions, game-changing products, and out-of-the-box thinking as they forge new paths in Financial Inclusion.

Cummulative Funding

$71.9M+

Total # of Companies

19

Total Deal Count

41

Total M&A Count

3

Total # of Investors

65

List of Financial Inclusion startups in Africa

Add Startup
StartupOverviewLast roundTotal raisedFounded
1.

Finclusion is a Mauritian startup which drives financial inclusion in Sub-Saharan Africa using AI powered and data driven lending.

Seed

$ 42,000,000

2019

2.

Asante Financial Services Group is a Kenyan startup advancing financial independence of underserved small businesses and individuals in Africa.

Series A

$ 7,500,000

2016

3.

CrowdForce is an all inclusive crowdsourcing platform for emerging markets.

Debt Financing

$ 5,180,000

2018

4.

Alsoug.com is a Sudanese startup that is launching a new fintech platform to support financial inclusion

Seed

$ 5,000,000

2016

5.

Touch and Pay Technology Services Limited (TAP) is a Nigerian NFC powered payment and financial inclusion firm

Grant

$ 3,050,000

2017

6.

LittleFish is a fintech startup that is enabling commerce, particularly for nano, micro, and small business owners.

Seed

$ 2,500,000

2021

7.

Qwili solve’s for digital inclusion with a hybrid hardware-software product.

Seed

$ 1,200,000

2019

8.

Mosabi’s platform blends fintech and edtech to bring emerging market citizens the skills and services to better manage their businesses and money.

Non-equity Assistance

$ 170,000

2018

9.

Zowasel is a Nigerian online sustainable marketplace for crops.

Corporate

$ 100,000

2019

10.

Empowering SMEs with simplified funding access across Africa

Grant

$ 100,000

2021

11.

HerVest is a social enterprise providing financial inclusion for women through a Gender Lens Investment (GLI) approach.

Grant

$ 100,000

2019

12.

E-Settlement is a financial service provider with offerings that cater to everyday financial problems.

Undisclosed

Undisclosed

2009

13.

Owoafara is building a digital bank for the informal economy

Venture

Undisclosed

2019

14.

CreditGO is an Egyptian a free mobile application for electronic payments that serves C and D segments' merchants

Seed

Undisclosed

2020

15.

VERICASH is One Platform to drive Digital Transformation and Financial Inclusion in emerging markets

Undisclosed

Undisclosed

2011

16.

Money Africa is a financial literacy company that takes you on all you need to know about your money.

Undisclosed

Undisclosed

2018

17.

QuickCash is an Ivorian company specializing in electronic payment, including money transfer.

Undisclosed

Undisclosed

2010

18.

Sizanani is a financial services advisory platform whose main objective is to promote financial inclusion

Grant

Undisclosed

2019

Founded

2019

Overview

Finclusion is a Mauritian startup which drives financial inclusion in Sub-Saharan Africa using AI powered and data driven lending.

Last round

Seed

Total raised

$ 42,000,000

Employee

2-10

Founded

2016

Overview

Asante Financial Services Group is a Kenyan startup advancing financial independence of underserved small businesses and individuals in Africa.

Last round

Series A

Total raised

$ 7,500,000

Employee

11-50

Founded

2018

Overview

CrowdForce is an all inclusive crowdsourcing platform for emerging markets.

Last round

Debt Financing

Total raised

$ 5,180,000

Employee

11-50

Founded

2016

Overview

Alsoug.com is a Sudanese startup that is launching a new fintech platform to support financial inclusion

Last round

Seed

Total raised

$ 5,000,000

Employee

11-50

Founded

2017

Overview

Touch and Pay Technology Services Limited (TAP) is a Nigerian NFC powered payment and financial inclusion firm

Last round

Grant

Total raised

$ 3,050,000

Employee

11-50

Founded

2021

Overview

LittleFish is a fintech startup that is enabling commerce, particularly for nano, micro, and small business owners.

Last round

Seed

Total raised

$ 2,500,000

Employee

11-50

Qwili

Founded

2019

Overview

Qwili solve’s for digital inclusion with a hybrid hardware-software product.

Last round

Seed

Total raised

$ 1,200,000

Employee

2-10

Mosabi

Founded

2018

Overview

Mosabi’s platform blends fintech and edtech to bring emerging market citizens the skills and services to better manage their businesses and money.

Last round

Non-equity Assistance

Total raised

$ 170,000

Employee

2-10

Zowasel

Founded

2019

Overview

Zowasel is a Nigerian online sustainable marketplace for crops.

Last round

Corporate

Total raised

$ 100,000

Employee

11-50

Founded

2021

Overview

Empowering SMEs with simplified funding access across Africa

Last round

Grant

Total raised

$ 100,000

Employee

2-10

HerVest

Founded

2019

Overview

HerVest is a social enterprise providing financial inclusion for women through a Gender Lens Investment (GLI) approach.

Last round

Grant

Total raised

$ 100,000

Employee

11-50

Founded

2009

Overview

E-Settlement is a financial service provider with offerings that cater to everyday financial problems.

Last round

Undisclosed

Total raised

$ 0

Employee

51-200

Owoafara

Founded

2019

Overview

Owoafara is building a digital bank for the informal economy

Last round

Venture

Total raised

$ 0

Employee

2-10

CreditGO

Founded

2020

Overview

CreditGO is an Egyptian a free mobile application for electronic payments that serves C and D segments' merchants

Last round

Seed

Total raised

$ 0

Employee

11-50

Founded

2011

Overview

VERICASH is One Platform to drive Digital Transformation and Financial Inclusion in emerging markets

Last round

Undisclosed

Total raised

$ 0

Employee

201-500

Founded

2018

Overview

Money Africa is a financial literacy company that takes you on all you need to know about your money.

Last round

Undisclosed

Total raised

$ 0

Employee

11-50

QuickCash

Founded

2010

Overview

QuickCash is an Ivorian company specializing in electronic payment, including money transfer.

Last round

Undisclosed

Total raised

$ 0

Employee

11-50

Sizanani

Founded

2019

Overview

Sizanani is a financial services advisory platform whose main objective is to promote financial inclusion

Last round

Grant

Total raised

$ 0

Employee

11-50

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