Neo Banking Startups in Africa
Overview Powered by AI
Neo Banking in West Africa is gaining traction. Players like Cleva and Kyshi simplifying account opening and offering tailored solutions for small businesses. However, local business leaders are cautious due to low financial literacy, trust issues, and concerns about data privacy. Mobile penetration and improved connectivity are key drivers, but lack of regulation and infrastructure challenges remain obstacles.
Cummulative Funding
$1.7M+
Total # of Companies
3
Total Deal Count
5
Total M&A Count
0
Total # of Investors
17
List of Neo Banking startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Cleva is a Nigerian USD banking platform for emerging markets, starting with Africa. | Pre-seed | $ 1,500,000 | 2023 | |
A UK-based Neo-bank for Africans globally. Kyshi is the new way to send and receive money to and from Africa. | Grant | $ 220,000 | 2020 | |
Menthum is an Egypt-based FinTech venture which is devising a digital saving solution that's simple & secure. | Pre-seed | Undisclosed | 2021 |
Founded
2023
Overview
Cleva is a Nigerian USD banking platform for emerging markets, starting with Africa.
Last round
Pre-seed
Total raised
$ 1,500,000
Employee
11-50
Founded
2020
Overview
A UK-based Neo-bank for Africans globally. Kyshi is the new way to send and receive money to and from Africa.
Last round
Grant
Total raised
$ 220,000
Employee
11-50
Founded
2021
Overview
Menthum is an Egypt-based FinTech venture which is devising a digital saving solution that's simple & secure.
Last round
Pre-seed
Total raised
$ 0
Employee
11-50