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
$242M+
Total # of Companies
5
Total Deal Count
8
Total M&A Count
0
Total # of Investors
25
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 | |
Furaha is a purpose-driven lending platform aiming to make finance accessible across sub-Saharan Africa. | Venture | $ 10,000,000 | 2023 | |
Aspira is a Kenyan platform that allows customers to buy their dream products now and pay later in easy monthly installments. | Undisclosed | Undisclosed | 2017 | |
Agel is Egypt’s First Islamic Fintech; aiming to provide alternative financing solutions that cater MSMEs unique needs. | Pre-seed | Undisclosed | 2021 |
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
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
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
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