Financial Services Startups in Africa
Overview Powered by AI
Sure, here's the inside scoop on the financial services landscape in East Africa: **Players like Tabby, Zepz, and MNT-Halan are gaining traction, but the incumbents are not sitting still.** Local banks are partnering with fintechs to offer innovative products and services. Regulatory frameworks are also evolving to accommodate the growth of fintech. **The word among local business leaders is that financial inclusion is key to economic development.** Fintechs are playing a vital role in expand...
Cummulative Funding
$14.6B+
Total # of Companies
648
Total Deal Count
1392
Total M&A Count
43
Total # of Investors
2464
List of Financial Services startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Tabby creates financial freedom in the way people shop, earn and save by reshaping their relationship with money. | Debt Financing | $ 1,744,000,000 | 2019 | |
Zepz is unlocking the prosperity of cross-border communities through finance and technology. | Series F | $ 960,600,000 | 2021 | |
MNT-Halan is Egyptโs largest and fastest growing lender to the unbanked. | Venture | $ 827,500,000 | 2018 | |
OPay empowers users and enables them to accomplish more with their money by providing smart financial services. | Series C | $ 570,000,000 | 2018 | |
Moove is a Nigerian mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs across Africa. | Series B | $ 447,200,000 | 2019 | |
Tala is a financial technology company on a mission to build a financial system that works for everyone. | Series E | $ 349,439,700 | 2011 | |
Chipper cash is the largest mobile cross-border money transfer platform in Africa. | Series C | $ 302,200,000 | 2017 | |
Wave Mobile Money is a Senegalese startup which provides an app-based financial solution to save, transfer, and borrow money. | Debt Financing | $ 291,500,000 | 2017 | |
TymeBank is a South African fully black-owned and controlled investment company. | Series C | $ 268,909,182 | 2012 | |
JUMO is a technology platform, developed for building and running financial services. | Venture | $ 266,700,000 | 2014 | |
TerraPay simplifies global money movement โ by providing a single connection to the most expansive cross-border payments network. | Debt Financing | $ 248,400,000 | 2014 | |
Thunes is a B2B company that powers payments for the worldโs fastest-growing businesses. | Series C | $ 202,000,000 | 2016 | |
The Enterprise Group gives you a range of products for any life and non-life insurance, as well as pension needs. | Private Equity | $ 180,000,000 | 2008 | |
H2O Securities is Solving Water Scarcity Through Blockchain Finance | Initial Coin Offering | $ 150,000,000 | 2021 | |
PalmPay is a simple and secure payment app that give rewards. | Series A | $ 140,000,000 | 2019 | |
Fawry is the leading Egyptian platform for digital transformation & e-payments | Private Equity | $ 122,000,000 | 2008 | |
Interswitch is an Africa-focused integrated digital payments and commerce company. | Private Equity | $ 120,500,000 | 2002 | |
Yoco is a point-of-sale payments provider for small businesses in Africa. | Series C | $ 106,100,000 | 2013 | |
CrossBoundary is a mission driven investment firm that unlocks the power of capital for sustainable growth and strong returns in underserved markets. | Private Equity | $ 100,000,000 | 2011 | |
SA Taxi is a vertically integrated company servicing the minibus taxi industry. | Debt Financing | $ 100,000,000 | 1998 |
Founded
2019
Overview
Tabby creates financial freedom in the way people shop, earn and save by reshaping their relationship with money.
Last round
Debt Financing
Total raised
$ 1,744,000,000
Employee
51-200
Founded
2021
Overview
Zepz is unlocking the prosperity of cross-border communities through finance and technology.
Last round
Series F
Total raised
$ 960,600,000
Employee
1,001-5,000
Founded
2018
Overview
MNT-Halan is Egyptโs largest and fastest growing lender to the unbanked.
Last round
Venture
Total raised
$ 827,500,000
Employee
10,001+
Founded
2018
Overview
OPay empowers users and enables them to accomplish more with their money by providing smart financial services.
Last round
Series C
Total raised
$ 570,000,000
Employee
201-500
Founded
2019
Overview
Moove is a Nigerian mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs across Africa.
Last round
Series B
Total raised
$ 447,200,000
Employee
51-200
Founded
2011
Overview
Tala is a financial technology company on a mission to build a financial system that works for everyone.
Last round
Series E
Total raised
$ 349,439,700
Employee
501-1,000
Founded
2017
Overview
Chipper cash is the largest mobile cross-border money transfer platform in Africa.
Last round
Series C
Total raised
$ 302,200,000
Employee
11-50
Founded
2017
Overview
Wave Mobile Money is a Senegalese startup which provides an app-based financial solution to save, transfer, and borrow money.
Last round
Debt Financing
Total raised
$ 291,500,000
Employee
501-1,000
Founded
2012
Overview
TymeBank is a South African fully black-owned and controlled investment company.
Last round
Series C
Total raised
$ 268,909,182
Employee
51-200
Founded
2014
Overview
JUMO is a technology platform, developed for building and running financial services.
Last round
Venture
Total raised
$ 266,700,000
Employee
201-500
Founded
2014
Overview
TerraPay simplifies global money movement โ by providing a single connection to the most expansive cross-border payments network.
Last round
Debt Financing
Total raised
$ 248,400,000
Employee
501-1,000
Founded
2016
Overview
Thunes is a B2B company that powers payments for the worldโs fastest-growing businesses.
Last round
Series C
Total raised
$ 202,000,000
Employee
201-500
Founded
2008
Overview
The Enterprise Group gives you a range of products for any life and non-life insurance, as well as pension needs.
Last round
Private Equity
Total raised
$ 180,000,000
Employee
251-500
Founded
2021
Overview
H2O Securities is Solving Water Scarcity Through Blockchain Finance
Last round
Initial Coin Offering
Total raised
$ 150,000,000
Employee
11-50
Founded
2019
Overview
PalmPay is a simple and secure payment app that give rewards.
Last round
Series A
Total raised
$ 140,000,000
Employee
51-200
Founded
2008
Overview
Fawry is the leading Egyptian platform for digital transformation & e-payments
Last round
Private Equity
Total raised
$ 122,000,000
Employee
251-500
Founded
2002
Overview
Interswitch is an Africa-focused integrated digital payments and commerce company.
Last round
Private Equity
Total raised
$ 120,500,000
Employee
501-1000
Founded
2013
Overview
Yoco is a point-of-sale payments provider for small businesses in Africa.
Last round
Series C
Total raised
$ 106,100,000
Employee
51-200
Founded
2011
Overview
CrossBoundary is a mission driven investment firm that unlocks the power of capital for sustainable growth and strong returns in underserved markets.
Last round
Private Equity
Total raised
$ 100,000,000
Employee
51-200
Founded
1998
Overview
SA Taxi is a vertically integrated company servicing the minibus taxi industry.
Last round
Debt Financing
Total raised
$ 100,000,000
Employee
501-1000