Leasing Startups in Africa

Overview Powered by AI

Leasing is rising across Africa, driven by infrastructure needs and a lack of capital. Local business leaders see it as a viable alternative to traditional financing, offering flexibility and tax benefits. EFAfrica Group is a key player, providing innovative leasing solutions tailored to local market demands.

Cummulative Funding

$12.1M+

Total # of Companies

2

Total Deal Count

6

Total M&A Count

0

Total # of Investors

13

List of Leasing startups in Africa

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StartupOverviewLast roundTotal raisedFounded
1.

EFAfrica Group (EFAG) is a growing East African equipment leasing business, focused on the SME sector, including agriculture.

Venture

$ 12,000,000

2016

2.

Gigmile empowers Africa’s gig workers with vehicle financing and mobility-focused financial services.

Funding Round

$ 120,000

2022

Founded

2016

Overview

EFAfrica Group (EFAG) is a growing East African equipment leasing business, focused on the SME sector, including agriculture.

Last round

Venture

Total raised

$ 12,000,000

Employee

Gigmile

Founded

2022

Overview

Gigmile empowers Africa’s gig workers with vehicle financing and mobility-focused financial services.

Last round

Funding Round

Total raised

$ 120,000

Employee

11-50

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