Neobank Startups in Africa
Overview Powered by AI
Neobanks in West Africa are gaining traction, offering innovative financial services to the underserved. Union54, Asante, and Sparkle are frontrunners, leveraging mobile technology for financial inclusion. Local business leaders see potential but also highlight challenges such as regulatory hurdles and competition from traditional banks.
Cummulative Funding
$6.1M+
Total # of Companies
6
Total Deal Count
13
Total M&A Count
0
Total # of Investors
13
List of Neobank startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Sparkle is a Nigerian FinTech platform that is creating a market place that makes it easy to achieve business outcomes. | Seed | $ 3,100,000 | 2019 | |
Yep! is the financial super app for Africans, created with the mission of providing financial possibilities for all Africans. | Pre-seed | $ 1,500,000 | 2021 | |
Jamborow is a B2B AI and Blockchain driven fintech platform focused on financial inclusion and grassroot empowerment. | Funding Round | $ 850,000 | 2018 | |
Trade Lenda is building a digital bank for the underserved starting with MSMEs across emerging markets today with access to credit. | Grant | $ 726,090 | 2021 | |
Plumter is helping to facilitate easy foreign payments and international banking for African businesses. | Seed | Undisclosed | 2021 | |
Lenco provides full-fledged current accounts for banking services and expense management for business growth. | Seed | Undisclosed | 2021 |
Founded
2019
Overview
Sparkle is a Nigerian FinTech platform that is creating a market place that makes it easy to achieve business outcomes.
Last round
Seed
Total raised
$ 3,100,000
Employee
11-50
Founded
2021
Overview
Yep! is the financial super app for Africans, created with the mission of providing financial possibilities for all Africans.
Last round
Pre-seed
Total raised
$ 1,500,000
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
2021
Overview
Trade Lenda is building a digital bank for the underserved starting with MSMEs across emerging markets today with access to credit.
Last round
Grant
Total raised
$ 726,090
Employee
2-10
Founded
2021
Overview
Plumter is helping to facilitate easy foreign payments and international banking for African businesses.
Last round
Seed
Total raised
$ 0
Employee
2-10
Founded
2021
Overview
Lenco provides full-fledged current accounts for banking services and expense management for business growth.
Last round
Seed
Total raised
$ 0
Employee
11-50