Mobile Payments Startups in Africa
Overview Powered by AI
Mobile payments in Africa are booming, driven by rising smartphone penetration and the need for convenient financial services. Local business leaders are embracing platforms like OPay, Wave Mobile Money, and TerraPay to expand their reach, reduce costs, and improve customer satisfaction. The competition is intense, but the market potential is huge, and the future looks promising.
Cummulative Funding
$648.3M+
Total # of Companies
18
Total Deal Count
39
Total M&A Count
2
Total # of Investors
144
List of Mobile Payments startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
OPay empowers users and enables them to accomplish more with their money by providing smart financial services. | Series C | $ 570,000,000 | 2018 | |
Paga is building an ecosystem to enable people to digitally send & receive money, and creating simple financial services. | Series B | $ 34,700,000 | 2009 | |
Carbon ignites personal growth through financial innovation | Debt Financing | $ 15,800,000 | 2012 | |
ZirooPay is a fintech startup that makes payment simple and provides internet-free, easy-to-use POS terminals. | Series A | $ 12,137,200 | 2014 | |
Duplo is modernizing payments for B2B companies in Africa. | Seed | $ 5,600,000 | 2021 | |
Payday is a Nigerian fintech startup which to enable swifts global payments for Africans. | Seed | $ 5,100,000 | 2021 | |
Kredete is a FinTech platform focused on enabling African immigrants to build credit scores and send money back home, | Seed | $ 2,815,000 | 2023 | |
Jamborow is a B2B AI and Blockchain driven fintech platform focused on financial inclusion and grassroot empowerment. | Funding Round | $ 850,000 | 2018 | |
Syarpa allows users to send and receive money, pay bills, buy and sell crypto fast and easily | Pre-seed | $ 815,000 | 2020 | |
Storspay is a Nigerian FinTech building decentralised retail lending infrastructure for the internet (the Stripe for retail lending). | Pre-seed | $ 320,000 | 2022 | |
BuyPower is a utility payment platform in Nigeria. | Seed | $ 120,000 | 2016 | |
Flex is the leading budget and expense management platform for all businesses. | Grant | $ 100,000 | 2019 | |
BaxiBox is Nigerian ePayment solution aimed at bringing financial inclusion closer to the people in the most seamless way | Undisclosed | Undisclosed | 2012 | |
Vendy helps businesses accept offline payments in Africa even without internet access. | Seed | Undisclosed | 2022 | |
Moni is a suite of financial products for Mobile money agents powered by social trust. | Seed | Undisclosed | 2021 | |
Lopeer is a peer-to-peer Crypto Exchange, Wallet & DeFi app that enables you to buy & sell cryptocurrencies & much more! | Undisclosed | Undisclosed | 2021 | |
Payment Gateway | Undisclosed | Undisclosed | 2023 | |
Qruzpay is a digital wallet that allows you to store, send, and receive money in a matter of seconds. | Undisclosed | Undisclosed | 2022 |
Founded
2018
Overview
OPay empowers users and enables them to accomplish more with their money by providing smart financial services.
Last round
Series C
Total raised
$ 570,000,000
Employee
201-500
Founded
2009
Overview
Paga is building an ecosystem to enable people to digitally send & receive money, and creating simple financial services.
Last round
Series B
Total raised
$ 34,700,000
Employee
101-250
Founded
2012
Overview
Carbon ignites personal growth through financial innovation
Last round
Debt Financing
Total raised
$ 15,800,000
Employee
51-100
Founded
2014
Overview
ZirooPay is a fintech startup that makes payment simple and provides internet-free, easy-to-use POS terminals.
Last round
Series A
Total raised
$ 12,137,200
Employee
11-50
Founded
2021
Overview
Duplo is modernizing payments for B2B companies in Africa.
Last round
Seed
Total raised
$ 5,600,000
Employee
2-10
Founded
2021
Overview
Payday is a Nigerian fintech startup which to enable swifts global payments for Africans.
Last round
Seed
Total raised
$ 5,100,000
Employee
2-10
Founded
2023
Overview
Kredete is a FinTech platform focused on enabling African immigrants to build credit scores and send money back home,
Last round
Seed
Total raised
$ 2,815,000
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
2020
Overview
Syarpa allows users to send and receive money, pay bills, buy and sell crypto fast and easily
Last round
Pre-seed
Total raised
$ 815,000
Employee
11-50
Founded
2022
Overview
Storspay is a Nigerian FinTech building decentralised retail lending infrastructure for the internet (the Stripe for retail lending).
Last round
Pre-seed
Total raised
$ 320,000
Employee
2-10
Founded
2016
Overview
BuyPower is a utility payment platform in Nigeria.
Last round
Seed
Total raised
$ 120,000
Employee
51-200
Founded
2019
Overview
Flex is the leading budget and expense management platform for all businesses.
Last round
Grant
Total raised
$ 100,000
Employee
1-10
Founded
2012
Overview
BaxiBox is Nigerian ePayment solution aimed at bringing financial inclusion closer to the people in the most seamless way
Last round
Undisclosed
Total raised
$ 0
Employee
2-10
Founded
2022
Overview
Vendy helps businesses accept offline payments in Africa even without internet access.
Last round
Seed
Total raised
$ 0
Employee
11-50
Founded
2021
Overview
Moni is a suite of financial products for Mobile money agents powered by social trust.
Last round
Seed
Total raised
$ 0
Employee
11-50
Founded
2021
Overview
Lopeer is a peer-to-peer Crypto Exchange, Wallet & DeFi app that enables you to buy & sell cryptocurrencies & much more!
Last round
Undisclosed
Total raised
$ 0
Employee
2-10
Founded
2022
Overview
Qruzpay is a digital wallet that allows you to store, send, and receive money in a matter of seconds.
Last round
Undisclosed
Total raised
$ 0
Employee
2-10