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
$75.6M+
Total # of Companies
8
Total Deal Count
21
Total M&A Count
0
Total # of Investors
36
List of Lending startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
FairMoney is a platform that helps people access instant loans within 5 minutes through our android app. | Venture | $ 42,000,000 | 2017 | |
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 | |
BFREE is Africa's foremost ethical loan collector for microlending, microfinance, and banking institutions in Nigeria. | Seed | $ 5,500,000 | 2020 | |
Jamborow is a B2B AI and Blockchain driven fintech platform focused on financial inclusion and grassroot empowerment. | Funding Round | $ 850,000 | 2018 | |
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 | |
Creating an easy access to credit for every African home. | Undisclosed | Undisclosed | 2020 |
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
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
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
2018
Overview
Jamborow is a B2B AI and Blockchain driven fintech platform focused on financial inclusion and grassroot empowerment.
Last round
Funding Round
Total raised
$ 850,000
Employee
2-10
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
Founded
2020
Overview
Creating an easy access to credit for every African home.
Last round
Undisclosed
Total raised
$ 0
Employee
2-10