Financial Services Startups in Africa
Step into the thriving world of Financial Services 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 Services.
Cummulative Funding
$11.7B+
Total # of Companies
599
Total Deal Count
1284
Total M&A Count
42
Total # of Investors
2318
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 | |
MNT-Halan is Egypt’s largest and fastest growing lender to the unbanked. | Venture | $ 670,000,000 | 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 | |
Thunes is a B2B company that powers payments for the world’s 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 | |
Oragroup SA provides personal and business banking services. | Debt Financing | $ 99,500,000 | 1988 | |
Kuda Bank is designed for your smartphone, free of ridiculous charges and great at helping you budget, spend smartly and save more. | Series B | $ 91,600,000 | 2018 |
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
2018
Overview
MNT-Halan is Egypt’s largest and fastest growing lender to the unbanked.
Last round
Venture
Total raised
$ 670,000,000
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
2016
Overview
Thunes is a B2B company that powers payments for the world’s 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
Founded
1988
Overview
Oragroup SA provides personal and business banking services.
Last round
Debt Financing
Total raised
$ 99,500,000
Employee
1001-5000
Founded
2018
Overview
Kuda Bank is designed for your smartphone, free of ridiculous charges and great at helping you budget, spend smartly and save more.
Last round
Series B
Total raised
$ 91,600,000
Employee
11-51