Mobile Wallet Startups in Africa

Overview Powered by AI

Mobile wallets gaining traction in West Africa, with players like Ocra leading the charge. Local businesses see it as a convenient and cost-effective way to reach customers. Key challenges include low smartphone penetration and interoperability issues.

Cummulative Funding

$6.5M+

Total # of Companies

2

Total Deal Count

2

Total M&A Count

0

Total # of Investors

0

List of Mobile Wallet startups in Africa

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Startup	Overview	Last round	Total raised	Founded
1. Nairagram Nigeria Nairagram is a US-headquartered remittance service for Nigerians in diaspora. Nairagram Nigeria	Nairagram is a US-headquartered remittance service for Nigerians in diaspora.	Debt Financing	$ 6,500,000	2016
2. Ocra Egypt Ocra is a micropayment mobile wallet that helps riders and drivers of public transportation exchange the service fees cashlessly Ocra Egypt	Ocra is a micropayment mobile wallet that helps riders and drivers of public transportation exchange the service fees cashlessly	Pre-seed	$ 27,000	2018

Nairagram

Founded

2016

Overview

Nairagram is a US-headquartered remittance service for Nigerians in diaspora.

Last round

Debt Financing

Total raised

$ 6,500,000

Employee

11-50

Ocra