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

602

Total Deal Count

1300

Total M&A Count

42

Total # of Investors

2337

List of Financial Services startups in Africa

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Upgrade to StartupList Africa PRO for unlimited access to this list.

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Upgrade to StartupList Africa PRO for unlimited access to this list.

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Upgrade to StartupList Africa PRO for unlimited access to this list.

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Upgrade to StartupList Africa PRO for unlimited access to this list.

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StartupOverviewLast roundTotal raisedFounded
1.

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

2.

MNT-Halan is Egypt’s largest and fastest growing lender to the unbanked.

Venture

$ 670,000,000

2018

3.

OPay empowers users and enables them to accomplish more with their money by providing smart financial services.

Series C

$ 570,000,000

2018

4.

Moove is a Nigerian mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs across Africa.

Series B

$ 447,200,000

2019

5.

Tala is a financial technology company on a mission to build a financial system that works for everyone.

Series E

$ 349,439,700

2011

6.

Chipper cash is the largest mobile cross-border money transfer platform in Africa.

Series C

$ 302,200,000

2017

7.

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

8.

TymeBank is a South African fully black-owned and controlled investment company.

Series C

$ 268,909,182

2012

9.

JUMO is a technology platform, developed for building and running financial services.

Venture

$ 266,700,000

2014

10.

Thunes is a B2B company that powers payments for the world’s fastest-growing businesses.

Series C

$ 202,000,000

2016

11.

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

12.

H2O Securities is Solving Water Scarcity Through Blockchain Finance

Initial Coin Offering

$ 150,000,000

2021

13.

PalmPay is a simple and secure payment app that give rewards.

Series A

$ 140,000,000

2019

14.

Fawry is the leading Egyptian platform for digital transformation & e-payments

Private Equity

$ 122,000,000

2008

15.

Interswitch is an Africa-focused integrated digital payments and commerce company.

Private Equity

$ 120,500,000

2002

16.

Yoco is a point-of-sale payments provider for small businesses in Africa.

Series C

$ 106,100,000

2013

17.

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

18.

SA Taxi is a vertically integrated company servicing the minibus taxi industry.

Debt Financing

$ 100,000,000

1998

19.

Oragroup SA provides personal and business banking services.

Debt Financing

$ 99,500,000

1988

20.

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

Tabby

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

MNT-Halan

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+

OPay

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

Moove

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

Tala

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

TymeBank

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

JUMO

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

Thunes

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

PalmPay

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

Fawry

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

Yoco

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

SA Taxi

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

Kuda Bank

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

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