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
$127.7M+
Total # of Companies
20
Total Deal Count
63
Total M&A Count
3
Total # of Investors
95
List of Financial Services startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Tugende uses asset finance, technology, and a customer-centric model to help informal sector entrepreneurs. | Series B | $ 61,080,000 | 2013 | |
We offer mobile financial services across Uganda to strengthen businesses | Equity Crowdfunding | $ 32,000,000 | 2016 | |
Numida is a Ugandan fintech startup that provides unsecured growth capital to semi-formal small businesses via a mobile app. | Debt Financing | $ 14,600,000 | 2016 | |
Furaha is a purpose-driven lending platform aiming to make finance accessible across sub-Saharan Africa. | Venture | $ 10,000,000 | 2023 | |
Emata is a Ugandan AgTech startup revolutionising the way smallholder farmers in Africa access financing. | Seed | $ 2,525,000 | 2020 | |
XENO helps you to plan, save, and invest for your financial goals. | Seed | $ 2,150,000 | 2016 | |
Eversend is a multi-currency wallets platform that provides currency exchange, merchant payments, and other financial services. | Grant | $ 2,144,200 | 2017 | |
Zofi Cash is a Ugandan FinTech startup revolutionizing the way salaried individuals access their wages. | Debt Financing | $ 1,000,000 | 2021 | |
Ensibuuko is serving the unbanked in Uganda by digitizing community-based savings and loans organisations and associations. | Grant | $ 870,000 | 2014 | |
REXIAL provides automated direct debit to help merchants collect recurring payments from their customers. | Pre-seed | $ 544,500 | 2023 | |
ClinicPesa is a Ugandan HealthCare startup that provides users with access to healthcare financing, | Non-equity Assistance | $ 460,000 | 2016 | |
Flow Global provides liquidity solutions for small businesses in emerging markets, empowering sustainable growth. | Venture | $ 200,000 | 2018 | |
Agro Supply is a mobile layaway savings platform that allows farmers to save and invest in farming inputs without having to take credit. | Pre-seed | $ 200,000 | 2017 | |
MiMi Money is home of Artificial Intelligence & Blockchain Solutions for Payments, Remittances, Exchanges, DeFi & FREE Communication. | Seed | $ 10,000 | ||
Credify Africa empowers African SMEs with trade finance, payments, and logistics solutions. | Seed | Undisclosed | 2022 | |
Muda is a B2B fintech company providing cross-border payments and stablecoin liquidity solutions for enterprises. | Undisclosed | Undisclosed | 2020 | |
Beyonic is a Ugandan mobile payment FinTech. | Seed | Undisclosed | 2011 | |
OneRamp is leading crypto payment gateway enabling seamless stablecoin transactions to mobile money & bank accounts. | Undisclosed | Undisclosed | 2023 | |
Tripesa provides payment solutions for Africa's Travel & Tourism Industry | Pre-seed | Undisclosed | 2013 | |
Level Africa is a digital investment platform that helps users access the best investment opportunities and information to grow their wealth. | Angel | Undisclosed | 2021 |
Founded
2013
Overview
Tugende uses asset finance, technology, and a customer-centric model to help informal sector entrepreneurs.
Last round
Series B
Total raised
$ 61,080,000
Employee
11-50
Founded
2016
Overview
We offer mobile financial services across Uganda to strengthen businesses
Last round
Equity Crowdfunding
Total raised
$ 32,000,000
Employee
1-10
Founded
2016
Overview
Numida is a Ugandan fintech startup that provides unsecured growth capital to semi-formal small businesses via a mobile app.
Last round
Debt Financing
Total raised
$ 14,600,000
Employee
11-50
Founded
2023
Overview
Furaha is a purpose-driven lending platform aiming to make finance accessible across sub-Saharan Africa.
Last round
Venture
Total raised
$ 10,000,000
Employee
2-10
Founded
2020
Overview
Emata is a Ugandan AgTech startup revolutionising the way smallholder farmers in Africa access financing.
Last round
Seed
Total raised
$ 2,525,000
Employee
11-50
Founded
2016
Overview
XENO helps you to plan, save, and invest for your financial goals.
Last round
Seed
Total raised
$ 2,150,000
Employee
11-50
Founded
2017
Overview
Eversend is a multi-currency wallets platform that provides currency exchange, merchant payments, and other financial services.
Last round
Grant
Total raised
$ 2,144,200
Employee
2-10
Founded
2021
Overview
Zofi Cash is a Ugandan FinTech startup revolutionizing the way salaried individuals access their wages.
Last round
Debt Financing
Total raised
$ 1,000,000
Employee
11-50
Founded
2014
Overview
Ensibuuko is serving the unbanked in Uganda by digitizing community-based savings and loans organisations and associations.
Last round
Grant
Total raised
$ 870,000
Employee
11-50
Founded
2023
Overview
REXIAL provides automated direct debit to help merchants collect recurring payments from their customers.
Last round
Pre-seed
Total raised
$ 544,500
Employee
11-50
Founded
2016
Overview
ClinicPesa is a Ugandan HealthCare startup that provides users with access to healthcare financing,
Last round
Non-equity Assistance
Total raised
$ 460,000
Employee
11-50
Founded
2018
Overview
Flow Global provides liquidity solutions for small businesses in emerging markets, empowering sustainable growth.
Last round
Venture
Total raised
$ 200,000
Employee
11-50
Founded
2017
Overview
Agro Supply is a mobile layaway savings platform that allows farmers to save and invest in farming inputs without having to take credit.
Last round
Pre-seed
Total raised
$ 200,000
Employee
11-50
Founded
Overview
MiMi Money is home of Artificial Intelligence & Blockchain Solutions for Payments, Remittances, Exchanges, DeFi & FREE Communication.
Last round
Seed
Total raised
$ 10,000
Employee
2-10
Founded
2022
Overview
Credify Africa empowers African SMEs with trade finance, payments, and logistics solutions.
Last round
Seed
Total raised
$ 0
Employee
11-50
Founded
2020
Overview
Muda is a B2B fintech company providing cross-border payments and stablecoin liquidity solutions for enterprises.
Last round
Undisclosed
Total raised
$ 0
Employee
1-10
Founded
2011
Overview
Beyonic is a Ugandan mobile payment FinTech.
Last round
Seed
Total raised
$ 0
Employee
11-50
Founded
2023
Overview
OneRamp is leading crypto payment gateway enabling seamless stablecoin transactions to mobile money & bank accounts.
Last round
Undisclosed
Total raised
$ 0
Employee
2-10
Founded
2013
Overview
Tripesa provides payment solutions for Africa's Travel & Tourism Industry
Last round
Pre-seed
Total raised
$ 0
Employee
2-10
Founded
2021
Overview
Level Africa is a digital investment platform that helps users access the best investment opportunities and information to grow their wealth.
Last round
Angel
Total raised
$ 0
Employee
2-10