Mobile Money Startups in Africa

Overview Powered by AI

**Mobile money remains a key driver of financial inclusion** in Southern Africa, with significant growth in adoption and usage. **Local business leaders recognize its potential to expand market reach and facilitate seamless transactions.** They're leveraging mobile money to connect with underbanked populations, drive e-commerce, and support financial resilience. However, **concerns persist regarding interoperability, regulatory hurdles, and the need for increased financial literacy.**

Cummulative Funding

$125K+

Total # of Companies

2

Total Deal Count

4

Total M&A Count

0

Total # of Investors

5

List of Mobile Money startups in Africa

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Startup	Overview	Last round	Total raised	Founded
1. Mazzuma Ghana Mazzuma is building blockchain infrastructure tools for developers and remittances in emerging markets. Mazzuma Ghana	Mazzuma is building blockchain infrastructure tools for developers and remittances in emerging markets.	Venture	$ 125,000	2015
2. ChapChap Uganda Reliable financial profiles for Ugandan MSMEs through formal business solutions ChapChap Uganda	Reliable financial profiles for Ugandan MSMEs through formal business solutions	Funding Round	Undisclosed	2016

Mazzuma

Founded

2015

Overview

Mazzuma is building blockchain infrastructure tools for developers and remittances in emerging markets.

Last round

Venture

Total raised

$ 125,000

Employee

11-50

ChapChap