Neobanks Startups in Africa

Step into the thriving world of Neobanks startups in Africa, where innovators are rewriting the rules and redefining what's possible. Our carefully curated list is your passport to explore the trailblazers who are shaping this dynamic sector. Discover their bold solutions, game-changing products, and out-of-the-box thinking as they forge new paths in Neobanks.

Cummulative Funding

$110.1M+

Total # of Companies

5

Total Deal Count

13

Total M&A Count

0

Total # of Investors

14

List of Neobanks startups in Africa

Add Startup
StartupOverviewLast roundTotal raisedFounded
1.

Fido is an Africa-focused credit first neobank for the unbanked

Series B

$ 94,000,000

2014

2.

Fintech Farm is a newly launched fintech startup based in the U.K, with a branch in Nigeria, that creates digital banks in emerging markets.

Seed

$ 7,400,000

2021

3.

Nexta is an Egypt-based fintech and next-generation banking platform

Seed

$ 5,200,000

2021

4.

Aladdin is a Nigerian open digital bank that provides financial services for underserved Africans.

Debt Financing

$ 3,500,000

2020

5.

Banking made simple for everyone with Aku

Funding Round

Undisclosed

2019

Fido

Founded

2014

Overview

Fido is an Africa-focused credit first neobank for the unbanked

Last round

Series B

Total raised

$ 94,000,000

Employee

51-200

Founded

2021

Overview

Fintech Farm is a newly launched fintech startup based in the U.K, with a branch in Nigeria, that creates digital banks in emerging markets.

Last round

Seed

Total raised

$ 7,400,000

Employee

51-200

Nexta

Founded

2021

Overview

Nexta is an Egypt-based fintech and next-generation banking platform

Last round

Seed

Total raised

$ 5,200,000

Employee

11-50

Founded

2020

Overview

Aladdin is a Nigerian open digital bank that provides financial services for underserved Africans.

Last round

Debt Financing

Total raised

$ 3,500,000

Employee

51-200

Aku

Founded

2019

Overview

Banking made simple for everyone with Aku

Last round

Funding Round

Total raised

$ 0

Employee

11-50

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