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

$490.6M+

Total # of Companies

28

Total Deal Count

87

Total M&A Count

3

Total # of Investors

158

List of Lending startups in Africa

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Upgrade to StartupList Africa PRO for unlimited access to this list.

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Upgrade to StartupList Africa PRO for unlimited access to this list.

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Upgrade to StartupList Africa PRO for unlimited access to this list.

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Upgrade to StartupList Africa PRO for unlimited access to this list.

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Upgrade to StartupList Africa PRO for unlimited access to this list.

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Upgrade to StartupList Africa PRO for unlimited access to this list.

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StartupOverviewLast roundTotal raisedFounded
1.

Tasaheel is a financing company for micro-projects with easy and simple payment systems.

Funding Round

$ 138,000,000

2015

2.

Flow48 enables SME growth by transforming future revenues into up-front capital under flexible terms.

Series A

$ 94,000,000

2022

3.

FairMoney is a platform that helps people access instant loans within 5 minutes through our android app.

Venture

$ 42,000,000

2017

4.

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

5.

Digitizing Collaborative Group Lending and Savings in Egypt

Series B

$ 41,218,000

2018

6.

Blnk is a fintech company with a mission of enabling inclusion through point-of-sale financing.

Debt Financing

$ 32,000,000

2020

7.

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

8.

4G Capital is providing financial literacy training with working capital loans to help small businesses grow sustainably.

Series C

$ 23,100,000

2013

9.

Lipa Later is a digital lending marketplace providing "buy now pay later" services.

Grant

$ 18,140,000

2015

10.

Pezesha is a Peer-to-Peer micro lending Marketplace that connects lenders with high quality underserved low income borrowers.

Grant

$ 12,084,700

2016

11.

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

12.

BFREE is Africa's foremost ethical loan collector for microlending, microfinance, and banking institutions in Nigeria.

Seed

$ 5,500,000

2020

13.

Kashat is the first application in Egypt that provides nano financing through mobile to help small business owners.

Convertible Note

$ 2,750,000

2019

14.

Rent to Own is an impact-focused for-profit venture based in Zambia.

Convertible Note

$ 1,275,000

2010

15.

Lipalater is a digital lending marketplace providing "buy now pay later" services.

Seed

$ 1,040,000

2015

16.

Retail Capital is a South African fintech company which provides funding to small and medium-sized businesses

Private Equity

$ 1,000,000

2011

17.

Tulaa enables farmers to access inputs, finance, information and markets in a virtual marketplace

Seed

$ 672,000

2016

18.

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

19.

UbaPesa is Kenya's No 1 peer to peer Fintech platform that brings together Lenders and Borrowers in one app.

Seed

$ 500,000

2015

20.

VunaPay is a Kenyan startup that is improving the livelihoods of smallholder farmers through Financial Technologies.

Seed

$ 400,000

2023

Tasaheel

Founded

2015

Overview

Tasaheel is a financing company for micro-projects with easy and simple payment systems.

Last round

Funding Round

Total raised

$ 138,000,000

Employee

10,001+

Flow48

Founded

2022

Overview

Flow48 enables SME growth by transforming future revenues into up-front capital under flexible terms.

Last round

Series A

Total raised

$ 94,000,000

Employee

11-50

FairMoney

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

Lulalend

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

2018

Overview

Digitizing Collaborative Group Lending and Savings in Egypt

Last round

Series B

Total raised

$ 41,218,000

Employee

51-200

Blnk

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

Grant

Total raised

$ 18,140,000

Employee

51-200

Pezesha

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

BFREE

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

Kashat

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

Lipalater

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

Tulaa

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

UbaPesa

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

VunaPay

Founded

2023

Overview

VunaPay is a Kenyan startup that is improving the livelihoods of smallholder farmers through Financial Technologies.

Last round

Seed

Total raised

$ 400,000

Employee

2-10

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