Lending Startups in Africa
Overview Powered by AI
Lending market heating up with increasing competition. Money Fellows gaining traction with innovative offerings, while FairMoney focuses on affordability. Lulalend targeting SMEs with streamlined processes. Local business leaders optimistic about growth potential but cautious about regulatory risks.
Cummulative Funding
$259.6M+
Total # of Companies
24
Total Deal Count
74
Total M&A Count
2
Total # of Investors
128
List of Lending startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Digitizing Collaborative Group Lending and Savings in Egypt | Series B | $ 42,718,000 | 2018 | |
FairMoney is a platform that helps people access instant loans within 5 minutes through our android app. | Venture | $ 42,000,000 | 2017 | |
Lulalend is an online lending company that provides fast and easy working capital funding to small businesses in South Africa. | Series B | $ 41,500,000 | 2014 | |
Blnk is a fintech company with a mission of enabling inclusion through point-of-sale financing. | Debt Financing | $ 32,000,000 | 2020 | |
InfraCredit is a Nigerian startup which guarantees the credit quality of debt instruments issued to finance infrastructure assets in Nigeria. | Funding Round | $ 27,000,000 | 2016 | |
4G Capital is providing financial literacy training with working capital loans to help small businesses grow sustainably. | Series C | $ 23,100,000 | 2013 | |
Lipa Later is a digital lending marketplace providing "buy now pay later" services. | Debt Financing | $ 18,040,000 | 2015 | |
Pezesha is a Peer-to-Peer micro lending Marketplace that connects lenders with high quality underserved low income borrowers. | Grant | $ 12,084,700 | 2016 | |
Asante Financial Services Group is a Kenyan startup advancing financial independence of underserved small businesses and individuals in Africa. | Series A | $ 7,500,000 | 2016 | |
BFREE is Africa's foremost ethical loan collector for microlending, microfinance, and banking institutions in Nigeria. | Seed | $ 5,500,000 | 2020 | |
Kashat is the first application in Egypt that provides nano financing through mobile to help small business owners. | Convertible Note | $ 2,750,000 | 2019 | |
Rent to Own is an impact-focused for-profit venture based in Zambia. | Convertible Note | $ 1,275,000 | 2010 | |
Lipalater is a digital lending marketplace providing "buy now pay later" services. | Seed | $ 1,040,000 | 2015 | |
Retail Capital is a South African fintech company which provides funding to small and medium-sized businesses | Private Equity | $ 1,000,000 | 2011 | |
Tulaa enables farmers to access inputs, finance, information and markets in a virtual marketplace | Seed | $ 672,000 | 2016 | |
Bright On Capital is a peer-to-peer online enterprise-lending platform for SMEs to raise working capital funding from lenders. | Debt Financing | $ 655,000 | 2014 | |
UbaPesa is Kenya's No 1 peer to peer Fintech platform that brings together Lenders and Borrowers in one app. | Seed | $ 500,000 | 2015 | |
Making formal financing accessible to smallholder farmers. | Grant | $ 203,000 | 2018 | |
Seamless credit and spend management tools to grow small businesses in Nigeria. | Pre-seed | $ 85,000 | 2019 | |
Sycamore is a Financial services company where you can lend through us or borrow from us. | Seed | Undisclosed | 2018 |
Founded
2018
Overview
Digitizing Collaborative Group Lending and Savings in Egypt
Last round
Series B
Total raised
$ 42,718,000
Employee
51-200
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
2014
Overview
Lulalend is an online lending company that provides fast and easy working capital funding to small businesses in South Africa.
Last round
Series B
Total raised
$ 41,500,000
Employee
11-50
Founded
2020
Overview
Blnk is a fintech company with a mission of enabling inclusion through point-of-sale financing.
Last round
Debt Financing
Total raised
$ 32,000,000
Employee
51-200
Founded
2016
Overview
InfraCredit is a Nigerian startup which guarantees the credit quality of debt instruments issued to finance infrastructure assets in Nigeria.
Last round
Funding Round
Total raised
$ 27,000,000
Employee
2-10
Founded
2013
Overview
4G Capital is providing financial literacy training with working capital loans to help small businesses grow sustainably.
Last round
Series C
Total raised
$ 23,100,000
Employee
251-500
Founded
2015
Overview
Lipa Later is a digital lending marketplace providing "buy now pay later" services.
Last round
Debt Financing
Total raised
$ 18,040,000
Employee
51-200
Founded
2016
Overview
Pezesha is a Peer-to-Peer micro lending Marketplace that connects lenders with high quality underserved low income borrowers.
Last round
Grant
Total raised
$ 12,084,700
Employee
11-50
Founded
2016
Overview
Asante Financial Services Group is a Kenyan startup advancing financial independence of underserved small businesses and individuals in Africa.
Last round
Series A
Total raised
$ 7,500,000
Employee
11-50
Founded
2020
Overview
BFREE is Africa's foremost ethical loan collector for microlending, microfinance, and banking institutions in Nigeria.
Last round
Seed
Total raised
$ 5,500,000
Employee
11-50
Founded
2019
Overview
Kashat is the first application in Egypt that provides nano financing through mobile to help small business owners.
Last round
Convertible Note
Total raised
$ 2,750,000
Employee
11-50
Founded
2010
Overview
Rent to Own is an impact-focused for-profit venture based in Zambia.
Last round
Convertible Note
Total raised
$ 1,275,000
Employee
11-50
Founded
2015
Overview
Lipalater is a digital lending marketplace providing "buy now pay later" services.
Last round
Seed
Total raised
$ 1,040,000
Employee
51-200
Founded
2011
Overview
Retail Capital is a South African fintech company which provides funding to small and medium-sized businesses
Last round
Private Equity
Total raised
$ 1,000,000
Employee
51-200
Founded
2016
Overview
Tulaa enables farmers to access inputs, finance, information and markets in a virtual marketplace
Last round
Seed
Total raised
$ 672,000
Employee
11-50
Founded
2014
Overview
Bright On Capital is a peer-to-peer online enterprise-lending platform for SMEs to raise working capital funding from lenders.
Last round
Debt Financing
Total raised
$ 655,000
Employee
2-10
Founded
2015
Overview
UbaPesa is Kenya's No 1 peer to peer Fintech platform that brings together Lenders and Borrowers in one app.
Last round
Seed
Total raised
$ 500,000
Employee
11-50
Founded
2018
Overview
Making formal financing accessible to smallholder farmers.
Last round
Grant
Total raised
$ 203,000
Employee
1-10
Founded
2019
Overview
Seamless credit and spend management tools to grow small businesses in Nigeria.
Last round
Pre-seed
Total raised
$ 85,000
Employee
11-50
Founded
2018
Overview
Sycamore is a Financial services company where you can lend through us or borrow from us.
Last round
Seed
Total raised
$ 0
Employee
51-200