Financing Startups in Africa
Overview Powered by AI
Financing remains a critical challenge for African businesses. Traditional lenders are often risk-averse, and alternative finance options are still underdeveloped. Local leaders emphasize the need for innovative financing models, such as crowdfunding and impact investing, to bridge the funding gap and support entrepreneurial growth in Africa.
Cummulative Funding
$351.5M+
Total # of Companies
20
Total Deal Count
49
Total M&A Count
0
Total # of Investors
90
List of Financing startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Tasaheel is a financing company for micro-projects with easy and simple payment systems. | Funding Round | $ 138,000,000 | 2015 | |
Flow48 enables SME growth by transforming future revenues into up-front capital under flexible terms. | Series A | $ 94,000,000 | 2022 | |
Odyssey Energy Solutions streamlines financing and deployment of distributed renewable energy. | Debt Financing | $ 39,100,000 | 2017 | |
Mylo is a Cairo-based B2C fintech platform, spun out of B.TECH, offering Sharia-compliant consumer finance solutions. | Debt Financing | $ 37,300,000 | 2022 | |
SolarX provides turnkey solar solutions, financing, and leasing for West African businesses. | Debt Financing | $ 23,300,000 | 2020 | |
Furaha is a purpose-driven lending platform aiming to make finance accessible across sub-Saharan Africa. | Venture | $ 10,000,000 | 2023 | |
Flend is Egypt’s first tech enabled, data driven financing solutions platform dedicated to SMEs. | Seed | $ 3,600,000 | 2022 | |
Tespire provides solutions to empower schools, administrators, teachers, parents and students to achieve excellence | Grant | $ 3,100,000 | 2016 | |
Liquify is an invoice financing platform connecting African SMEs with global capital markets. | Seed | $ 2,120,000 | 2023 | |
Paycloud empowers African SMEs with digital banking, smart POS, and AI-driven financing solutions. | Grant | $ 849,998 | 2024 | |
Flow Global provides liquidity solutions for small businesses in emerging markets, empowering sustainable growth. | Venture | $ 200,000 | 2018 | |
Innobid is a Kenyan AI-powered e-procurement platform enhancing transparency, efficiency, and inclusion in procurement processes. | Seed | $ 10,000 | 2022 | |
Vittas is a health‑focused fintech startup providing credit infrastructure for businesses in Africa’s healthcare ecosystem. | Undisclosed | Undisclosed | 2018 | |
Aspira is a Kenyan platform that allows customers to buy their dream products now and pay later in easy monthly installments. | Undisclosed | Undisclosed | 2017 | |
NEAT Microcredit is empowering entrepreneurs in Nigeria through collateral-free loans, | Seed | Undisclosed | 2017 | |
Oliv Finance provides fast, digital invoice financing to empower Egyptian SMEs with growth capital. | Debt Financing | Undisclosed | 2024 | |
Xchange Box provides a platform for agro commodities financing and Rural MSMEs payments and access to finance. | Non-equity Assistance | Undisclosed | 2019 | |
PayDay Takaful offers digital micro-insurance and salary-backed loans to empower low-income workers. | Pre-seed | Undisclosed | 2022 | |
Agel is Egypt’s First Islamic Fintech; aiming to provide alternative financing solutions that cater MSMEs unique needs. | Pre-seed | Undisclosed | 2021 | |
Ariya Finergy is providing seamless integration of power systems to commercial and industrial (C&I) clients across East Africa. | Debt Financing | Undisclosed | 2016 |
Founded
2015
Overview
Tasaheel is a financing company for micro-projects with easy and simple payment systems.
Last round
Funding Round
Total raised
$ 138,000,000
Employee
10,001+
Founded
2022
Overview
Flow48 enables SME growth by transforming future revenues into up-front capital under flexible terms.
Last round
Series A
Total raised
$ 94,000,000
Employee
11-50
Founded
2017
Overview
Odyssey Energy Solutions streamlines financing and deployment of distributed renewable energy.
Last round
Debt Financing
Total raised
$ 39,100,000
Employee
51-200
Founded
2022
Overview
Mylo is a Cairo-based B2C fintech platform, spun out of B.TECH, offering Sharia-compliant consumer finance solutions.
Last round
Debt Financing
Total raised
$ 37,300,000
Employee
201-500
Founded
2020
Overview
SolarX provides turnkey solar solutions, financing, and leasing for West African businesses.
Last round
Debt Financing
Total raised
$ 23,300,000
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
2022
Overview
Flend is Egypt’s first tech enabled, data driven financing solutions platform dedicated to SMEs.
Last round
Seed
Total raised
$ 3,600,000
Employee
2-10
Founded
2016
Overview
Tespire provides solutions to empower schools, administrators, teachers, parents and students to achieve excellence
Last round
Grant
Total raised
$ 3,100,000
Employee
11-50
Founded
2023
Overview
Liquify is an invoice financing platform connecting African SMEs with global capital markets.
Last round
Seed
Total raised
$ 2,120,000
Employee
2-10
Founded
2024
Overview
Paycloud empowers African SMEs with digital banking, smart POS, and AI-driven financing solutions.
Last round
Grant
Total raised
$ 849,998
Employee
1-10
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
2022
Overview
Innobid is a Kenyan AI-powered e-procurement platform enhancing transparency, efficiency, and inclusion in procurement processes.
Last round
Seed
Total raised
$ 10,000
Employee
11-50
Founded
2018
Overview
Vittas is a health‑focused fintech startup providing credit infrastructure for businesses in Africa’s healthcare ecosystem.
Last round
Undisclosed
Total raised
$ 0
Employee
1-10
Founded
2017
Overview
Aspira is a Kenyan platform that allows customers to buy their dream products now and pay later in easy monthly installments.
Last round
Undisclosed
Total raised
$ 0
Employee
11-50
Founded
2017
Overview
NEAT Microcredit is empowering entrepreneurs in Nigeria through collateral-free loans,
Last round
Seed
Total raised
$ 0
Employee
51-200
Founded
2024
Overview
Oliv Finance provides fast, digital invoice financing to empower Egyptian SMEs with growth capital.
Last round
Debt Financing
Total raised
$ 0
Employee
11-50
Founded
2019
Overview
Xchange Box provides a platform for agro commodities financing and Rural MSMEs payments and access to finance.
Last round
Non-equity Assistance
Total raised
$ 0
Employee
11-50
Founded
2022
Overview
PayDay Takaful offers digital micro-insurance and salary-backed loans to empower low-income workers.
Last round
Pre-seed
Total raised
$ 0
Employee
2-10
Founded
2021
Overview
Agel is Egypt’s First Islamic Fintech; aiming to provide alternative financing solutions that cater MSMEs unique needs.
Last round
Pre-seed
Total raised
$ 0
Employee
11-50
Founded
2016
Overview
Ariya Finergy is providing seamless integration of power systems to commercial and industrial (C&I) clients across East Africa.
Last round
Debt Financing
Total raised
$ 0
Employee
11-50