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
$306.2M+
Total # of Companies
5
Total Deal Count
13
Total M&A Count
0
Total # of Investors
35
List of Financial Services startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
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 | |
Oolu's mission is to provide off-grid households with high quality products at an affordable price. | Venture | $ 14,200,000 | 2015 | |
Cauri Money offers payment services for African diasporas | Grant | $ 350,000 | 2021 | |
ProXalys is a flagship African platform specializing in sales with installment and deferred payment. | Pre-seed | $ 150,000 | 2020 | |
KaliSpot is a US based, fintech startup on a mission to "phygitally" transform Financial Services' access in Francophone, West and Central Africa (WCA). | Pre-seed | Undisclosed | 2021 |
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
2015
Overview
Oolu's mission is to provide off-grid households with high quality products at an affordable price.
Last round
Venture
Total raised
$ 14,200,000
Employee
51-200
Founded
2021
Overview
Cauri Money offers payment services for African diasporas
Last round
Grant
Total raised
$ 350,000
Employee
2-10
Founded
2020
Overview
ProXalys is a flagship African platform specializing in sales with installment and deferred payment.
Last round
Pre-seed
Total raised
$ 150,000
Employee
11-50
Founded
2021
Overview
KaliSpot is a US based, fintech startup on a mission to "phygitally" transform Financial Services' access in Francophone, West and Central Africa (WCA).
Last round
Pre-seed
Total raised
$ 0
Employee
2-10