Financial Services Startups in Africa
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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
$745M+
Total # of Companies
23
Total Deal Count
61
Total M&A Count
5
Total # of Investors
154
List of Financial Services startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Chipper cash is the largest mobile cross-border money transfer platform in Africa. | Series C | $ 302,200,000 | 2017 | |
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 | |
Fido is an Africa-focused credit first neobank for the unbanked | Series B | $ 94,000,000 | 2014 | |
PEG is the leader in deploying and financing solar to households and SMEs in West Africa | Debt Financing | $ 56,500,000 | 2013 | |
Dash is an Africa-focused accessible, modern, and unified alternative payment network. | Seed | $ 33,818,000 | 2019 | |
Zeepay is Ghanian FinTech startup which focuses on digital rails intended to connect digital assets. | Series A | $ 19,040,000 | 2014 | |
Pngme is a US-based African-focused financial data infrastructure and machine learning-as-a-service platform. | Series A | $ 18,500,000 | 2018 | |
Float is a Ghanaian cashflow and cash management platform for SMBs in Africa | Debt Financing | $ 17,000,000 | 2020 | |
Affinity Africa builds financial institutions that leverage fintech to support the financially underserved and excluded. | Seed | $ 8,000,000 | 2013 | |
Cadana is a leading technology company that provides payroll services for fast-growing businesses. | Seed | $ 7,100,000 | 2020 | |
Leasafric Ghana is the number one leader in Finance Leasing in Ghana | Private Equity | $ 5,000,000 | 1994 | |
Trade Ghana connects buyers, sellers, and transporters. | Seed | $ 2,700,000 | 2016 | |
KudiGo is redefining Consumer Retail In Africa | Grant | $ 570,000 | 2017 | |
BezoMoney is a Ghana-based Savings platform for low-income earners and millennials | Seed | $ 300,000 | 2019 | |
Nvoicia is a invoice discounting startup compnay. | Seed | $ 100,000 | 2018 | |
BACE is a platform helping financial institutions increase customer experience with facial recognition technology. | Seed | $ 100,000 | 2018 | |
Kadi is an Accra-based fintech platform which aims to unlock growth in Africa's logistics industry | Grant | $ 100,000 | 2020 | |
Appruve is a pan-African financial data API that powers financial services to verify identities of individuals and businesses | Undisclosed | Undisclosed | 2018 | |
Waya is a Ghanaian cross-border, cross-network remittance and payment solution for Africa | Non-equity Assistance | Undisclosed | 2018 | |
Fleri is an Africa-focused insurtech startup that enables migrants in the diaspora to buy health insurance for their relatives back home. | Pre-seed | Undisclosed | 2020 |
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
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
2014
Overview
Fido is an Africa-focused credit first neobank for the unbanked
Last round
Series B
Total raised
$ 94,000,000
Employee
51-200
Founded
2013
Overview
PEG is the leader in deploying and financing solar to households and SMEs in West Africa
Last round
Debt Financing
Total raised
$ 56,500,000
Employee
101-250
Founded
2019
Overview
Dash is an Africa-focused accessible, modern, and unified alternative payment network.
Last round
Seed
Total raised
$ 33,818,000
Employee
2-10
Founded
2014
Overview
Zeepay is Ghanian FinTech startup which focuses on digital rails intended to connect digital assets.
Last round
Series A
Total raised
$ 19,040,000
Employee
11-50
Founded
2018
Overview
Pngme is a US-based African-focused financial data infrastructure and machine learning-as-a-service platform.
Last round
Series A
Total raised
$ 18,500,000
Employee
11-50
Founded
2020
Overview
Float is a Ghanaian cashflow and cash management platform for SMBs in Africa
Last round
Debt Financing
Total raised
$ 17,000,000
Employee
2-10
Founded
2013
Overview
Affinity Africa builds financial institutions that leverage fintech to support the financially underserved and excluded.
Last round
Seed
Total raised
$ 8,000,000
Employee
11-50
Founded
2020
Overview
Cadana is a leading technology company that provides payroll services for fast-growing businesses.
Last round
Seed
Total raised
$ 7,100,000
Employee
11-50
Founded
1994
Overview
Leasafric Ghana is the number one leader in Finance Leasing in Ghana
Last round
Private Equity
Total raised
$ 5,000,000
Employee
Founded
2016
Overview
Trade Ghana connects buyers, sellers, and transporters.
Last round
Seed
Total raised
$ 2,700,000
Employee
11-50
Founded
2017
Overview
KudiGo is redefining Consumer Retail In Africa
Last round
Grant
Total raised
$ 570,000
Employee
2-10
Founded
2019
Overview
BezoMoney is a Ghana-based Savings platform for low-income earners and millennials
Last round
Seed
Total raised
$ 300,000
Employee
2-10
Founded
2018
Overview
Nvoicia is a invoice discounting startup compnay.
Last round
Seed
Total raised
$ 100,000
Employee
1-10
Founded
2018
Overview
BACE is a platform helping financial institutions increase customer experience with facial recognition technology.
Last round
Seed
Total raised
$ 100,000
Employee
1-10
Founded
2020
Overview
Kadi is an Accra-based fintech platform which aims to unlock growth in Africa's logistics industry
Last round
Grant
Total raised
$ 100,000
Employee
2-10
Founded
2018
Overview
Appruve is a pan-African financial data API that powers financial services to verify identities of individuals and businesses
Last round
Undisclosed
Total raised
$ 0
Employee
11-50
Founded
2018
Overview
Waya is a Ghanaian cross-border, cross-network remittance and payment solution for Africa
Last round
Non-equity Assistance
Total raised
$ 0
Employee
11-50
Founded
2020
Overview
Fleri is an Africa-focused insurtech startup that enables migrants in the diaspora to buy health insurance for their relatives back home.
Last round
Pre-seed
Total raised
$ 0
Employee
2-10