NeoBanking Startups in Africa

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NeoBanking in West Africa: Potential yet tactical challenges. Local businesses cautious, seeking robust platforms with proven track records. Rumors of partnerships brewing, but execution remains key.

Cummulative Funding

$9.8M+

Total # of Companies

6

Total Deal Count

7

Total M&A Count

0

Total # of Investors

29

List of NeoBanking startups in Africa

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StartupOverviewLast roundTotal raisedFounded
1.

Banking services for the unbanked: Maplerad provides a modern banking platform for Nigerians.

Seed

$ 6,000,000

2022

2.

Credable is connecting businesses to financial institutions to better serve the underbanked populations with products they need.

Seed

$ 2,700,000

2021

3.

Kredi bank is a full service digital bank building a one-stop shop for digital financial services in Africa.

Seed

$ 1,150,000

2021

4.

Aibanc offers AI-powered banking for High Earners Not Rich Yet (HENRY).

Undisclosed

Undisclosed

2021

5.

KOLOMONI is a product of Cintrust Microfinance Bank, a licenced MFB by CBN, dedicated to providing customers with the utmost banking experience.

Undisclosed

Undisclosed

2014

6.

VBank.NG is a Nigerian FinTech platform that provides mobile banking services for users.

Undisclosed

Undisclosed

2020

Maplerad

Founded

2022

Overview

Banking services for the unbanked: Maplerad provides a modern banking platform for Nigerians.

Last round

Seed

Total raised

$ 6,000,000

Employee

2-10

Credable

Founded

2021

Overview

Credable is connecting businesses to financial institutions to better serve the underbanked populations with products they need.

Last round

Seed

Total raised

$ 2,700,000

Employee

11-50

Founded

2021

Overview

Kredi bank is a full service digital bank building a one-stop shop for digital financial services in Africa.

Last round

Seed

Total raised

$ 1,150,000

Employee

11-50

Aibanc

Founded

2021

Overview

Aibanc offers AI-powered banking for High Earners Not Rich Yet (HENRY).

Last round

Undisclosed

Total raised

$ 0

Employee

2-10

Kolomoni

Founded

2014

Overview

KOLOMONI is a product of Cintrust Microfinance Bank, a licenced MFB by CBN, dedicated to providing customers with the utmost banking experience.

Last round

Undisclosed

Total raised

$ 0

Employee

51-200

VBank.NG

Founded

2020

Overview

VBank.NG is a Nigerian FinTech platform that provides mobile banking services for users.

Last round

Undisclosed

Total raised

$ 0

Employee

201-500

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