How much funding have Mobile Payments startups in Africa raised?

Mobile Payments startups in Africa have raised $2.2B in disclosed funding.

Who invests in Mobile Payments startups in Africa?

Y Combinator has backed 7 Mobile Payments startups, followed by Partech (5) and Techstars (5).

SectorUpdated daily

Mobile Payments startups in Africa

StartupList Africa tracks 94 Mobile Payments startups across Africa, which have raised $2.2B in disclosed funding. Nigeria has the most, with 27, followed by Egypt (14) and Kenya (14).

Companies: 94; in this sector
Avg. Deal Size: $17.9M
Total Funding: $2.2B

GroupFintech & Capital10 sectors

Updated 24 Oct 202694 companiesSource: SLA Startup IndexHow sectors are assigned →Full directory →

All Mobile Payments startups94

+ Submit a startup

#	Startup	What they do	Last round	Raised	Team
1	BoyaKenya	Boya provides an all in one spend platform for businesses	Seed	Not disclosed	2–10
2	DokezaKenya	A holistic modern aggregated MSME financing solution	Not disclosed	Not disclosed	2–10
3	FedapayBenin	Simplified mobile payments for businesses and individuals in Benin	Seed	Not disclosed	2–10
4	EasyCash WalletEgypt	Pay, transfer, and shop online with a mobile wallet in Egypt	Not disclosed	Not disclosed
5	FlashPesaKenya	Instant mobile loans sent directly to M-Pesa in Kenya	Not disclosed	Not disclosed
6	FlitaaKenya	Flitaa is a Kenyan all-in-one platform for storing, purchasing, selling, exchanging, and earning cryptocurrencies.	Not disclosed	Not disclosed	11–50
7	YesaNigeria	Sell and buy crypto for naira, with the rate shown before you confirm	Not disclosed	Not disclosed
8	VoolaBahrain	CryptoWallet, high secure messenger, bank acquiring, StableNFT technology, OS for mobile & smart devices	Not disclosed	Not disclosed	2–10
9	PaymeeTunisia	Paymee is a Tunisian fintech firm that provides an online payment gateway	Seed	Not disclosed	2–10
10	FalconPayNigeria	Send money, pay bills, and buy airtime from one wallet	Not disclosed	Not disclosed
11	WalletdocSouth Africa	walletdoc provides fast, secure digital payments that help businesses accept and manage transactions easily.	Not disclosed	Not disclosed	11–50
12	Baxi BoxNigeria	BaxiBox is Nigerian ePayment solution aimed at bringing financial inclusion closer to the people in the most seamless way	Not disclosed	Not disclosed	2–10
13	HubtelGhana	Ghanaian fintech and e-commerce company offering payments, APIs, bill payments and commerce tools for businesses.	Not disclosed	Not disclosed
14	LopeerNigeria	Lopeer is a peer-to-peer Crypto Exchange, Wallet & DeFi app that enables you to buy & sell cryptocurrencies & much more!	Not disclosed	Not disclosed	2–10
15	KiweEgypt	Kiwe is an Egyptian mobile payment platform that enables users to transfer money instantly.	Corporate	Not disclosed	11–50
16	MaishaPayDr Congo	MaishaPay seeks to establish itself as a banking solution in rural areas generally disadvantaged by banks in Africa.	Not disclosed	Not disclosed	2–10
17	QruzpayNigeria	Qruzpay is a digital wallet that allows you to store, send, and receive money in a matter of seconds.	Not disclosed	Not disclosed	2–10
18	OneRampUganda	OneRamp is leading crypto payment gateway enabling seamless stablecoin transactions to mobile money & bank accounts.	Not disclosed	Not disclosed	2–10
19	DortiBoxSierra Leone	Schedule door-to-door waste pickups and pay by mobile money in Freetown	Not disclosed	Not disclosed
20	RuntellerNigeria	Offline-first digital payments that work with or without internet access	Not disclosed	Not disclosed

SLA Startup Index · raised is disclosed funding

Showing 1–20 of 94

Visitors see the first 20 companies of each sector. Starter: 50 results per search. Pro: CSV export, Ask AI and valuations. See plans

Mobile Payments startups by countryby startups

All countries →

Top Mobile Payments investorsstartups backed

All investors →

Frequently asked about Mobile Payments in Africa

How many Mobile Payments startups are there in Africa?: StartupList Africa tracks 94 Mobile Payments startups across Africa.
How much funding have Mobile Payments startups in Africa raised?: Mobile Payments startups in Africa have raised $2.2B in disclosed funding.
Which African countries have the most Mobile Payments startups?: Nigeria has the most, with 27, followed by Egypt (14) and Kenya (14).
Who invests in Mobile Payments startups in Africa?: Y Combinator has backed 7 Mobile Payments startups, followed by Partech (5) and Techstars (5).

Cite this page

StartupList Africa, “Mobile Payments startups in Africa”, updated 24 Oct 2026.

startuplist.africa/industries/mobile-payments