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
$1.7B+
Total # of Companies
92
Total Deal Count
263
Total M&A Count
9
Total # of Investors
496
List of Financial Services startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Tala is a financial technology company on a mission to build a financial system that works for everyone. | Series E | $ 349,439,700 | 2011 | |
TerraPay simplifies global money movement β by providing a single connection to the most expansive cross-border payments network. | Debt Financing | $ 256,500,000 | 2014 | |
Thunes is a B2B company that powers payments for the worldβs fastest-growing businesses. | Series C | $ 202,000,000 | 2016 | |
Lendable is the leading provider of debt to fintechs in emerging and frontier markets. | Debt Financing | $ 160,650,000 | 2014 | |
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 | |
BasiGo is a Kenyan early-stage e-mobility start-up creating the future of clean, electric public transit in Africa. | Funding Round | $ 73,145,900 | 2021 | |
Apollo Agriculture is a technology company based in Nairobi, Kenya that helps small-scale farmers maximize their profits. | Debt Financing | $ 69,100,000 | 2016 | |
Enabling businesses to grow past their borders through safe and affordable FX and cross-border money transfer solutions. | Grant | $ 65,050,000 | 2013 | |
Conduit enables businesses to simply and cheaply move money between Latin America, Africa, China and the US at scale. | Series A | $ 59,000,000 | 2024 | |
Cellulant is a leading multinational payments company in Africa on a mission to digitize payments for Africa's largest economies. | Series C | $ 54,500,000 | 2004 | |
Britam is a diversified financial services group. | Post-IPO Equity | $ 53,640,790 | 1956 | |
Shelter Afrique is the only Pan-African Finance Institution. | Debt Financing | $ 50,000,000 | 1982 | |
Hakki Africa is a Kenya-based FinTech startup that provides microfinance services for small and medium-sized enterprises. | Debt Financing | $ 27,684,000 | 2018 | |
Mogo is a Kenyan vehicle financing company. | Debt Financing | $ 23,200,000 | 2018 | |
Tanda is a Kenyan fintech startup working to revolutionize access to digital financial services for micro-retilers across Africa. | Seed | $ 20,000,000 | 2017 | |
One Acre Fund supplies smallholder farmers with the financing and training they need to grow more food and earn more money. | Grant | $ 18,700,000 | 2006 | |
Lipa Later is a digital lending marketplace providing "buy now pay later" services. | Grant | $ 18,140,000 | 2015 | |
Turaco provides Insurance for tomorrow's emerging markets. | Series A | $ 13,300,000 | 2008 | |
Pezesha is a Peer-to-Peer micro lending Marketplace that connects lenders with high quality underserved low income borrowers. | Grant | $ 12,084,700 | 2016 | |
Pyypl is a blockchain technology-based fintech providing digital payments and financial services for smartphone users. | Series A | $ 11,000,000 | 2017 |
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
2014
Overview
TerraPay simplifies global money movement β by providing a single connection to the most expansive cross-border payments network.
Last round
Debt Financing
Total raised
$ 256,500,000
Employee
501-1,000
Founded
2016
Overview
Thunes is a B2B company that powers payments for the worldβs fastest-growing businesses.
Last round
Series C
Total raised
$ 202,000,000
Employee
201-500
Founded
2014
Overview
Lendable is the leading provider of debt to fintechs in emerging and frontier markets.
Last round
Debt Financing
Total raised
$ 160,650,000
Employee
11-50
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
2021
Overview
BasiGo is a Kenyan early-stage e-mobility start-up creating the future of clean, electric public transit in Africa.
Last round
Funding Round
Total raised
$ 73,145,900
Employee
2-10
Founded
2016
Overview
Apollo Agriculture is a technology company based in Nairobi, Kenya that helps small-scale farmers maximize their profits.
Last round
Debt Financing
Total raised
$ 69,100,000
Employee
51-200
Founded
2013
Overview
Enabling businesses to grow past their borders through safe and affordable FX and cross-border money transfer solutions.
Last round
Grant
Total raised
$ 65,050,000
Employee
101-250
Founded
2024
Overview
Conduit enables businesses to simply and cheaply move money between Latin America, Africa, China and the US at scale.
Last round
Series A
Total raised
$ 59,000,000
Employee
11-50
Founded
2004
Overview
Cellulant is a leading multinational payments company in Africa on a mission to digitize payments for Africa's largest economies.
Last round
Series C
Total raised
$ 54,500,000
Employee
251-500
Founded
1956
Overview
Britam is a diversified financial services group.
Last round
Post-IPO Equity
Total raised
$ 53,640,790
Employee
1001-5000
Founded
1982
Overview
Shelter Afrique is the only Pan-African Finance Institution.
Last round
Debt Financing
Total raised
$ 50,000,000
Employee
51-200
Founded
2018
Overview
Hakki Africa is a Kenya-based FinTech startup that provides microfinance services for small and medium-sized enterprises.
Last round
Debt Financing
Total raised
$ 27,684,000
Employee
11-50
Founded
2018
Overview
Mogo is a Kenyan vehicle financing company.
Last round
Debt Financing
Total raised
$ 23,200,000
Employee
1,001-5,000
Founded
2017
Overview
Tanda is a Kenyan fintech startup working to revolutionize access to digital financial services for micro-retilers across Africa.
Last round
Seed
Total raised
$ 20,000,000
Employee
51-200
Founded
2006
Overview
One Acre Fund supplies smallholder farmers with the financing and training they need to grow more food and earn more money.
Last round
Grant
Total raised
$ 18,700,000
Employee
5001-10000
Founded
2015
Overview
Lipa Later is a digital lending marketplace providing "buy now pay later" services.
Last round
Grant
Total raised
$ 18,140,000
Employee
51-200
Founded
2008
Overview
Turaco provides Insurance for tomorrow's emerging markets.
Last round
Series A
Total raised
$ 13,300,000
Employee
11-50
Founded
2016
Overview
Pezesha is a Peer-to-Peer micro lending Marketplace that connects lenders with high quality underserved low income borrowers.
Last round
Grant
Total raised
$ 12,084,700
Employee
11-50
Founded
2017
Overview
Pyypl is a blockchain technology-based fintech providing digital payments and financial services for smartphone users.
Last round
Series A
Total raised
$ 11,000,000
Employee
51-200