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
$670.9M+
Total # of Companies
21
Total Deal Count
46
Total M&A Count
3
Total # of Investors
153
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 | |
Kredete is a FinTech platform focused on enabling African immigrants to build credit scores and send money back home, | Series A | $ 24,815,000 | 2023 | |
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 | |
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 | |
Moni is a suite of financial products for Mobile money agents powered by social trust. | Non-equity Assistance | $ 400,000 | 2021 | |
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 | |
Surge Africa helps African businesses pay their international suppliers within 24 hours instead of a week. | Pre-seed | $ 120,000 | 2023 | |
Flex is the leading budget and expense management platform for all businesses. | Grant | $ 100,000 | 2019 | |
Konnadex enables African merchants to accept stablecoin payments through seamless Web3 tools. | Grant | $ 20,000 | 2022 | |
DingPay offers offline‑ready digital wallets enabling secure, contactless payments across Africa. | Grant | $ 10,000 | 2025 | |
Lopeer is a peer-to-peer Crypto Exchange, Wallet & DeFi app that enables you to buy & sell cryptocurrencies & much more! | Undisclosed | Undisclosed | 2021 | |
straitPay aims to simplify financial transactions and increase financial inclusion across Africa. | Pre-seed | Undisclosed | 2022 | |
BaxiBox is Nigerian ePayment solution aimed at bringing financial inclusion closer to the people in the most seamless way | Undisclosed | Undisclosed | 2012 | |
Payment Gateway | Undisclosed | Undisclosed | 2023 |
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
2023
Overview
Kredete is a FinTech platform focused on enabling African immigrants to build credit scores and send money back home,
Last round
Series A
Total raised
$ 24,815,000
Employee
11-50
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
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
2021
Overview
Moni is a suite of financial products for Mobile money agents powered by social trust.
Last round
Non-equity Assistance
Total raised
$ 400,000
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
2023
Overview
Surge Africa helps African businesses pay their international suppliers within 24 hours instead of a week.
Last round
Pre-seed
Total raised
$ 120,000
Employee
2-10
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
2022
Overview
Konnadex enables African merchants to accept stablecoin payments through seamless Web3 tools.
Last round
Grant
Total raised
$ 20,000
Employee
11-50
Founded
2025
Overview
DingPay offers offline‑ready digital wallets enabling secure, contactless payments across Africa.
Last round
Grant
Total raised
$ 10,000
Employee
1-10
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
straitPay aims to simplify financial transactions and increase financial inclusion across Africa.
Last round
Pre-seed
Total raised
$ 0
Employee
2-10
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