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

$1.2M+

Total # of Companies

6

Total Deal Count

6

Total M&A Count

0

Total # of Investors

6

List of FinTech startups in Africa

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StartupOverviewLast roundTotal raisedFounded
1.

Kayko is a Rwandan B2B fintech startup digitizing SMEs with POS and financial tools.

Seed

$ 1,220,000

2021

2.

Uplus is a financial platform that enables people to financially grow through collective savings and pulling funds together

Non-equity Assistance

Undisclosed

2019

3.

BailPort is a Rwandan multi-currency e-wallet that helps users exchange, save and send money instantly at the best possible rates

Grant

Undisclosed

2019

4.

Quiqpay is enabling access to financial services for anyone with a mobile phone.

Undisclosed

Undisclosed

2021

5.

Zedi.rw: Empowering Education, Empowering Lives. Answer questions, earn funds for school fees and personal needs.

Undisclosed

Undisclosed

2017

6.

Bafana World makes it easy for African artists & creatives to share their work and collect tips/payments from fans around the world.

Undisclosed

Undisclosed

2020

Kayko

Founded

2021

Overview

Kayko is a Rwandan B2B fintech startup digitizing SMEs with POS and financial tools.

Last round

Seed

Total raised

$ 1,220,000

Employee

1-10

Uplus

Founded

2019

Overview

Uplus is a financial platform that enables people to financially grow through collective savings and pulling funds together

Last round

Non-equity Assistance

Total raised

$ 0

Employee

2-10

Bailport

Founded

2019

Overview

BailPort is a Rwandan multi-currency e-wallet that helps users exchange, save and send money instantly at the best possible rates

Last round

Grant

Total raised

$ 0

Employee

2-10

Quiqpay

Founded

2021

Overview

Quiqpay is enabling access to financial services for anyone with a mobile phone.

Last round

Undisclosed

Total raised

$ 0

Employee

2-10

ZEDI

Founded

2017

Overview

Zedi.rw: Empowering Education, Empowering Lives. Answer questions, earn funds for school fees and personal needs.

Last round

Undisclosed

Total raised

$ 0

Employee

10-50

Founded

2020

Overview

Bafana World makes it easy for African artists & creatives to share their work and collect tips/payments from fans around the world.

Last round

Undisclosed

Total raised

$ 0

Employee

2-10

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