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
$2.4B+
Total # of Companies
172
Total Deal Count
387
Total M&A Count
16
Total # of Investors
965
List of FinTech startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
OPay empowers users and enables them to accomplish more with their money by providing smart financial services. | Series C | $ 570,000,000 | 2018 | |
Moove is a Nigerian mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs across Africa. | Series B | $ 447,200,000 | 2019 | |
Moniepoint provides a seamless platform to accept payments digitally, receive credit and access business management tools. | Series C | $ 293,100,000 | 2015 | |
Interswitch is an Africa-focused integrated digital payments and commerce company. | Private Equity | $ 120,500,000 | 2002 | |
Lemonade Finance is a Nigerian multi-currency payments solution. | Series B | $ 119,550,000 | 2020 | |
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 | 2018 | |
Yellow Card Financial is a digital currency exchange for the cash market. | Series C | $ 89,500,000 | 2016 | |
TeamApt is using technology to facilitate financial happiness for Africans | Series B | $ 55,500,000 | 2015 | |
FairMoney is a platform that helps people access instant loans within 5 minutes through our android app. | Venture | $ 42,000,000 | 2017 | |
Wakanow is Africaβs leading travel-tech platform, integrating tourism, fintech, hospitality, logistics, and entertainment. | Private Equity | $ 40,000,000 | 2023 | |
Kudi is making financial services accessible and affordable for all Africans. | Series B | $ 35,120,000 | 2016 | |
Paga is building an ecosystem to enable people to digitally send & receive money, and creating simple financial services. | Series B | $ 34,700,000 | 2009 | |
Kredete is a FinTech platform focused on enabling African immigrants to build credit scores and send money back home, | Series A | $ 24,815,000 | 2023 | |
OneWattSolar is a Nigerian FinTech startup that delivers Tokenized Digital 24/7 Electricity. | Funding Round | $ 24,400,000 | 2017 | |
Umba is an Africa-focused digital bank, offering free bank accounts and financial services to customers. | Debt Financing | $ 22,300,000 | 2018 | |
Global Accelerex Limited is a FinTech company focused on delivering digital payment solutions and services to customers sub-Saharan African region. | Private Equity | $ 20,000,000 | 2008 | |
Mono is the easiest, fastest and better way to get access to your customers financial accounts. | Series A | $ 18,125,000 | 2020 | |
Credpal is a financial technology company that enables consumers make purchases and pay in fixed monthly installments. | Venture | $ 16,686,000 | 2017 | |
Carbon ignites personal growth through financial innovation | Debt Financing | $ 15,800,000 | 2012 | |
Raenest is a modern, multi-currency platform for Africans that makes managing money across borders easy. | Series A | $ 14,450,000 | 2022 |
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
Employee
201-500
Founded
2019
Overview
Moove is a Nigerian mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs across Africa.
Last round
Series B
Total raised
$ 447,200,000
Employee
51-200
Founded
2015
Overview
Moniepoint provides a seamless platform to accept payments digitally, receive credit and access business management tools.
Last round
Series C
Total raised
$ 293,100,000
Employee
1,001-5,000
Founded
2002
Overview
Interswitch is an Africa-focused integrated digital payments and commerce company.
Last round
Private Equity
Total raised
$ 120,500,000
Employee
501-1000
Founded
2020
Overview
Lemonade Finance is a Nigerian multi-currency payments solution.
Last round
Series B
Total raised
$ 119,550,000
Employee
2-10
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
Employee
11-51
Founded
2016
Overview
Yellow Card Financial is a digital currency exchange for the cash market.
Last round
Series C
Total raised
$ 89,500,000
Employee
11β50
Founded
2015
Overview
TeamApt is using technology to facilitate financial happiness for Africans
Last round
Series B
Total raised
$ 55,500,000
Employee
201-500
Founded
2017
Overview
FairMoney is a platform that helps people access instant loans within 5 minutes through our android app.
Last round
Venture
Total raised
$ 42,000,000
Employee
51-200
Founded
2023
Overview
Wakanow is Africaβs leading travel-tech platform, integrating tourism, fintech, hospitality, logistics, and entertainment.
Last round
Private Equity
Total raised
$ 40,000,000
Employee
501-1,000
Founded
2016
Overview
Kudi is making financial services accessible and affordable for all Africans.
Last round
Series B
Total raised
$ 35,120,000
Employee
51-200
Founded
2009
Overview
Paga is building an ecosystem to enable people to digitally send & receive money, and creating simple financial services.
Last round
Series B
Total raised
$ 34,700,000
Employee
101-250
Founded
2023
Overview
Kredete is a FinTech platform focused on enabling African immigrants to build credit scores and send money back home,
Last round
Series A
Total raised
$ 24,815,000
Employee
11-50
Founded
2017
Overview
OneWattSolar is a Nigerian FinTech startup that delivers Tokenized Digital 24/7 Electricity.
Last round
Funding Round
Total raised
$ 24,400,000
Employee
501-1,000
Founded
2018
Overview
Umba is an Africa-focused digital bank, offering free bank accounts and financial services to customers.
Last round
Debt Financing
Total raised
$ 22,300,000
Employee
11-50
Founded
2008
Overview
Global Accelerex Limited is a FinTech company focused on delivering digital payment solutions and services to customers sub-Saharan African region.
Last round
Private Equity
Total raised
$ 20,000,000
Employee
201-500
Founded
2020
Overview
Mono is the easiest, fastest and better way to get access to your customers financial accounts.
Last round
Series A
Total raised
$ 18,125,000
Employee
11-50
Founded
2017
Overview
Credpal is a financial technology company that enables consumers make purchases and pay in fixed monthly installments.
Last round
Venture
Total raised
$ 16,686,000
Employee
11-50
Founded
2012
Overview
Carbon ignites personal growth through financial innovation
Last round
Debt Financing
Total raised
$ 15,800,000
Employee
51-100
Founded
2022
Overview
Raenest is a modern, multi-currency platform for Africans that makes managing money across borders easy.
Last round
Series A
Total raised
$ 14,450,000
Employee
51-200