FinTech Startups in Africa
Overview Powered by AI
FinTech is booming in Southern Africa, driven by high smartphone penetration and a large unbanked population. Players like Tabby, MNT-Halan, and OPay are gaining traction by offering tailored financial services. Local business leaders are optimistic, seeing FinTech as a key enabler for financial inclusion and economic growth.
Cummulative Funding
$616.1M+
Total # of Companies
36
Total Deal Count
98
Total M&A Count
4
Total # of Investors
204
List of FinTech startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Chipper cash is the largest mobile cross-border money transfer platform in Africa. | Series C | $ 302,200,000 | 2017 | |
Fido is an Africa-focused credit first neobank for the unbanked | Series B | $ 94,500,000 | 2014 | |
Fintech lender empowering individuals and MSMEs with digital financial access. | Debt Financing | $ 74,500,000 | 2014 | |
Zeepay is Ghanian FinTech startup which focuses on digital rails intended to connect digital assets. | Debt Financing | $ 40,040,000 | 2014 | |
Dash is an Africa-focused accessible, modern, and unified alternative payment network. | Seed | $ 33,818,000 | 2019 | |
Float is a Ghanaian cashflow and cash management platform for SMBs in Africa | Funding Round | $ 19,600,000 | 2020 | |
Pngme is a US-based African-focused financial data infrastructure and machine learning-as-a-service platform. | Series A | $ 18,500,000 | 2018 | |
Affinity Africa builds financial institutions that leverage fintech to support the financially underserved and excluded. | Seed | $ 8,000,000 | 2013 | |
Cadana is a leading technology company that provides payroll services for fast-growing businesses. | Seed | $ 7,100,000 | 2020 | |
Leasafric Ghana is the number one leader in Finance Leasing in Ghana | Private Equity | $ 5,000,000 | 1994 | |
OZÉ is a Ghanian startup that equips small business owners in Africa to make data-driven decisions and improve their performance. | Funding Round | $ 4,365,000 | 2018 | |
Trade Ghana connects buyers, sellers, and transporters. | Seed | $ 2,700,000 | 2016 | |
Liquify is an invoice financing platform connecting African SMEs with global capital markets. | Seed | $ 2,120,000 | 2023 | |
SecondSTAX (SSX) is a platform and gateway to access and trade all debt and equity securities across multiple African bond and stock exchanges | Pre-seed | $ 1,600,000 | 2019 | |
KudiGo is redefining Consumer Retail In Africa | Grant | $ 570,000 | 2017 | |
BezoMoney is a Ghana-based Savings platform for low-income earners and millennials | Seed | $ 300,000 | 2019 | |
Rivia is a Ghanian Health Care startup which offers loans to clinics to upgrade their physical infrastructure and augment their inventory. | Non-equity Assistance | $ 200,000 | 2023 | |
Kola Market empowers African SMEs with sales, smart inventory, and financing through retail technology. | Pre-seed | $ 200,000 | 2021 | |
Zuberi is an on-demand mobile employee benefits app in Africa | Grant | $ 150,000 | 2020 | |
Motito is a consumer fintech company offering “Buy Now, Pay Later” services to individuals across Africa. | Pre-seed | $ 139,000 | 2019 |
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
Employee
11-50
Founded
2014
Overview
Fido is an Africa-focused credit first neobank for the unbanked
Last round
Series B
Total raised
$ 94,500,000
Employee
51-200
Founded
2014
Overview
Fintech lender empowering individuals and MSMEs with digital financial access.
Last round
Debt Financing
Total raised
$ 74,500,000
Employee
51-200
Founded
2014
Overview
Zeepay is Ghanian FinTech startup which focuses on digital rails intended to connect digital assets.
Last round
Debt Financing
Total raised
$ 40,040,000
Employee
11-50
Founded
2019
Overview
Dash is an Africa-focused accessible, modern, and unified alternative payment network.
Last round
Seed
Total raised
$ 33,818,000
Employee
2-10
Founded
2020
Overview
Float is a Ghanaian cashflow and cash management platform for SMBs in Africa
Last round
Funding Round
Total raised
$ 19,600,000
Employee
2-10
Founded
2018
Overview
Pngme is a US-based African-focused financial data infrastructure and machine learning-as-a-service platform.
Last round
Series A
Total raised
$ 18,500,000
Employee
11-50
Founded
2013
Overview
Affinity Africa builds financial institutions that leverage fintech to support the financially underserved and excluded.
Last round
Seed
Total raised
$ 8,000,000
Employee
11-50
Founded
2020
Overview
Cadana is a leading technology company that provides payroll services for fast-growing businesses.
Last round
Seed
Total raised
$ 7,100,000
Employee
11-50
Founded
1994
Overview
Leasafric Ghana is the number one leader in Finance Leasing in Ghana
Last round
Private Equity
Total raised
$ 5,000,000
Employee
Founded
2018
Overview
OZÉ is a Ghanian startup that equips small business owners in Africa to make data-driven decisions and improve their performance.
Last round
Funding Round
Total raised
$ 4,365,000
Employee
11-50
Founded
2016
Overview
Trade Ghana connects buyers, sellers, and transporters.
Last round
Seed
Total raised
$ 2,700,000
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
2019
Overview
SecondSTAX (SSX) is a platform and gateway to access and trade all debt and equity securities across multiple African bond and stock exchanges
Last round
Pre-seed
Total raised
$ 1,600,000
Employee
11-50
Founded
2017
Overview
KudiGo is redefining Consumer Retail In Africa
Last round
Grant
Total raised
$ 570,000
Employee
2-10
Founded
2019
Overview
BezoMoney is a Ghana-based Savings platform for low-income earners and millennials
Last round
Seed
Total raised
$ 300,000
Employee
2-10
Founded
2023
Overview
Rivia is a Ghanian Health Care startup which offers loans to clinics to upgrade their physical infrastructure and augment their inventory.
Last round
Non-equity Assistance
Total raised
$ 200,000
Employee
2-10
Founded
2021
Overview
Kola Market empowers African SMEs with sales, smart inventory, and financing through retail technology.
Last round
Pre-seed
Total raised
$ 200,000
Employee
1-10
Founded
2020
Overview
Zuberi is an on-demand mobile employee benefits app in Africa
Last round
Grant
Total raised
$ 150,000
Employee
2-10
Founded
2019
Overview
Motito is a consumer fintech company offering “Buy Now, Pay Later” services to individuals across Africa.
Last round
Pre-seed
Total raised
$ 139,000
Employee
1-10