StartupList Africa Logo

Cummulative Funding

$10.1B+

Total # of Companies

578

Total Deal Count

1354

Total M&A Count

30

Total # of Investors

444

List of FinTech startups in africa

StartupOverviewLast roundTotal raisedFounded
1.

OPay

Nigeria

OPay empowers users and enables them to accomplish more with their money by providing smart financial services.

Series C

$570,000,000.00

2018

2.

Flutterwave

Nigeria

The easiest way to make and accept payments from customers anywhere in the world.

Series D

$484,625,000.00

2016

3.

Tala

Kenya

Tala is a financial technology company on a mission to build a financial system that works for everyone.

Series E

$349,439,700.00

2011

4.

Chipper Cash

Ghana

Chipper cash is the largest mobile cross-border money transfer platform in Africa.

Series C

$302,200,000.00

2017

5.

Wave Mobile Money

Senegal

Wave Mobile Money is a Senegalese startup which provides an app-based financial solution to save, transfer, and borrow money.

Debt Financing

$291,500,000.00

2017

6.

MNT-Halan

Egypt

MNT-Halan is Egypt’s largest and fastest growing lender to the unbanked.

Debt Financing

$270,000,000.00

2018

7.

JUMO

South Africa

JUMO is a technology platform, developed for building and running financial services.

Venture

$266,700,000.00

2014

8.

Bayport Financial Services

Mauritius

Bayport Management Limited, through its subsidiaries, provides retail financial services in the Republic of Mauritius and internationally.

Private Equity

$263,000,000.00

2001

9.

Moove

Nigeria

Moove is a Nigerian mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs across Africa.

Debt Financing

$223,200,000.00

2019

10.

Enterprise Group

Ghana

The Enterprise Group gives you a range of products for any life and non-life insurance, as well as pension needs.

Private Equity

$180,000,000.00

2008

11.

PalmPay

Nigeria

PalmPay is a simple and secure payment app that give rewards.

Series A

$140,000,000.00

2019

12.

Fawry

Egypt

Fawry is the leading Egyptian platform for digital transformation & e-payments

Private Equity

$122,000,000.00

2008

13.

TymeBank

South Africa

TymeBank is a South African fully black-owned and controlled investment company.

Venture

$121,109,182.00

2012

14.

Interswitch

Nigeria

Interswitch is an Africa-focused integrated digital payments and commerce company.

Private Equity

$120,500,000.00

2002

15.

MFS Africa

South Africa

Cross-border, cross-currency, cross-network payments.

Series C

$115,200,000.00

2009

16.

Yoco

South Africa

Yoco is a point-of-sale payments provider for small businesses in Africa.

Series C

$106,100,000.00

2013

17.

SA Taxi

South Africa

SA Taxi is a vertically integrated company servicing the minibus taxi industry.

Debt Financing

$100,000,000.00

1998

18.

Oragroup SA

Togo

Oragroup SA provides personal and business banking services.

Debt Financing

$99,500,000.00

1988

19.

Kuda Bank

Nigeria

Kuda Bank is designed for your smartphone, free of ridiculous charges and great at helping you budget, spend smartly and save more.

Series B

$91,600,000.00

2018

20.

Paymob

Egypt

Paymob runs millions of transactions for different business sizes across the Middle East and Africa.

Series B

$68,500,000.00

2015

OPay

Founded

2018

Overview

OPay empowers users and enables them to accomplish more with their money by providing smart financial services.

Last round

Series C

Total raised

$570,000,000.00

Employee

201-500

Flutterwave

Founded

2016

Overview

The easiest way to make and accept payments from customers anywhere in the world.

Last round

Series D

Total raised

$484,625,000.00

Employee

151-200

Tala

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

$349,439,700.00

Employee

501-1,000

Chipper Cash

Founded

2017

Overview

Chipper cash is the largest mobile cross-border money transfer platform in Africa.

Last round

Series C

Total raised

$302,200,000.00

Employee

11-50

Wave Mobile Money

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

$291,500,000.00

Employee

501-1,000

MNT-Halan

Founded

2018

Overview

MNT-Halan is Egypt’s largest and fastest growing lender to the unbanked.

Last round

Debt Financing

Total raised

$270,000,000.00

Employee

10,001+

JUMO

Founded

2014

Overview

JUMO is a technology platform, developed for building and running financial services.

Last round

Venture

Total raised

$266,700,000.00

Employee

201-500

Bayport Financial Services

Founded

2001

Overview

Bayport Management Limited, through its subsidiaries, provides retail financial services in the Republic of Mauritius and internationally.

Last round

Private Equity

Total raised

$263,000,000.00

Employee

501-1000

Moove

Founded

2019

Overview

Moove is a Nigerian mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs across Africa.

Last round

Debt Financing

Total raised

$223,200,000.00

Employee

51-200

Enterprise Group

Founded

2008

Overview

The Enterprise Group gives you a range of products for any life and non-life insurance, as well as pension needs.

Last round

Private Equity

Total raised

$180,000,000.00

Employee

251-500

PalmPay

Founded

2019

Overview

PalmPay is a simple and secure payment app that give rewards.

Last round

Series A

Total raised

$140,000,000.00

Employee

51-200

Fawry

Founded

2008

Overview

Fawry is the leading Egyptian platform for digital transformation & e-payments

Last round

Private Equity

Total raised

$122,000,000.00

Employee

251-500

TymeBank

Founded

2012

Overview

TymeBank is a South African fully black-owned and controlled investment company.

Last round

Venture

Total raised

$121,109,182.00

Employee

51-200

Interswitch

Founded

2002

Overview

Interswitch is an Africa-focused integrated digital payments and commerce company.

Last round

Private Equity

Total raised

$120,500,000.00

Employee

501-1000

MFS Africa

Founded

2009

Overview

Cross-border, cross-currency, cross-network payments.

Last round

Series C

Total raised

$115,200,000.00

Employee

51-100

Yoco

Founded

2013

Overview

Yoco is a point-of-sale payments provider for small businesses in Africa.

Last round

Series C

Total raised

$106,100,000.00

Employee

51-200

SA Taxi

Founded

1998

Overview

SA Taxi is a vertically integrated company servicing the minibus taxi industry.

Last round

Debt Financing

Total raised

$100,000,000.00

Employee

501-1000

Oragroup SA

Founded

1988

Overview

Oragroup SA provides personal and business banking services.

Last round

Debt Financing

Total raised

$99,500,000.00

Employee

1001-5000

Kuda Bank

Founded

2018

Overview

Kuda Bank is designed for your smartphone, free of ridiculous charges and great at helping you budget, spend smartly and save more.

Last round

Series B

Total raised

$91,600,000.00

Employee

11-51

Paymob

Founded

2015

Overview

Paymob runs millions of transactions for different business sizes across the Middle East and Africa.

Last round

Series B

Total raised

$68,500,000.00

Employee

51-200

Browse FinTech industry stats

2012201220132013201420142015201520162016201720172018201820192019202020202021202120222022Year Founded9921213644526741274FinTech startup growth in Africa676761615454484842423636292923231717101044# of Startups
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Jul '19Jul '1920202020Jul '20Jul '2020212021Jul '21Jul '2120222022Jul '22Jul '22FinTech Funding Activity in AfricaShowing historic funding chart$500000000$500000000$400000000$400000000$300000000$300000000$200000000$200000000$100000000$100000000$0$0
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