Mobile Banking Startups in Africa
Overview Powered by AI
Mobile banking adoption is growing rapidly in Southern Africa, driven by factors such as low smartphone penetration and financial inclusion. Djamo and other players have made significant inroads, offering services ranging from mobile money transfer to micro-loans. Local business leaders are optimistic about the potential for mobile banking to transform the financial landscape, but challenges like network connectivity and regulation need to be addressed for sustained growth.
Cummulative Funding
$44.2M+
Total # of Companies
3
Total Deal Count
7
Total M&A Count
0
Total # of Investors
21
List of Mobile Banking startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Djamo is a challenger bank for consumers in French-speaking Africa. | Venture | $ 44,250,000 | 2019 | |
Finplus Group is a technology company building a new credit & commerce infrastructure for emerging markets. | Non-equity Assistance | Undisclosed | 2017 | |
VERICASH is One Platform to drive Digital Transformation and Financial Inclusion in emerging markets | Undisclosed | Undisclosed | 2011 |
Founded
2019
Overview
Djamo is a challenger bank for consumers in French-speaking Africa.
Last round
Venture
Total raised
$ 44,250,000
Employee
11-50
Founded
2017
Overview
Finplus Group is a technology company building a new credit & commerce infrastructure for emerging markets.
Last round
Non-equity Assistance
Total raised
$ 0
Employee
2-10
Founded
2011
Overview
VERICASH is One Platform to drive Digital Transformation and Financial Inclusion in emerging markets
Last round
Undisclosed
Total raised
$ 0
Employee
201-500