Payment Startups in Africa

Step into the thriving world of Payment 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 Payment.

Cummulative Funding

$61.2M+

Total # of Companies

11

Total Deal Count

24

Total M&A Count

0

Total # of Investors

54

List of Payment startups in Africa

Add Startup
StartupOverviewLast roundTotal raisedFounded
1.

Dopay is an Egyptian FinTech providing digital payroll solutions for the unbanked and underbanked workforce in emerging markets.

Series A

$ 36,020,000

2014

2.

Appzone is a fintech that builds proprietary solutions for financial institutions, banking and payments services.

Series A

$ 10,000,000

2008

3.

Connect Money's goal is to help businesses connect with cash users through digital payments.

Seed

$ 8,000,000

2023

4.

Revio accepts payments globally, recover failed transactions, reduce customer churn.

Seed

$ 6,300,000

2020

5.

Lemonade Finance is a Nigerian multi-currency payments solution.

Pre-seed

$ 850,000

2020

6.

Tulix App is making it easier for African migrants to pay businesses directly and support their families back home.

Non-equity Assistance

$ 100,000

2020

7.

Dunia Payment is an Ouagadougou-based mobile wallet startup that lets its users send and receive money, pay in stores with a simple QR Code.

Grant

Undisclosed

2017

8.

CreditGO is an Egyptian a free mobile application for electronic payments that serves C and D segments' merchants

Seed

Undisclosed

2020

9.

VERICASH is One Platform to drive Digital Transformation and Financial Inclusion in emerging markets

Undisclosed

Undisclosed

2011

10.

Cotrust Equity harnesses KYC of target audience to provide unique credit plans to banked and unbanked Micro Traders in sub-Saharan Africa.

Undisclosed

Undisclosed

2021

11.

WallX is a Nigerian FinTech which offers fast and secure B2B Payment Solution for African Businesses

Grant

Undisclosed

2020

Dopay

Founded

2014

Overview

Dopay is an Egyptian FinTech providing digital payroll solutions for the unbanked and underbanked workforce in emerging markets.

Last round

Series A

Total raised

$ 36,020,000

Employee

51-200

Appzone

Founded

2008

Overview

Appzone is a fintech that builds proprietary solutions for financial institutions, banking and payments services.

Last round

Series A

Total raised

$ 10,000,000

Employee

51-200

Founded

2023

Overview

Connect Money's goal is to help businesses connect with cash users through digital payments.

Last round

Seed

Total raised

$ 8,000,000

Employee

51-200

Revio

Founded

2020

Overview

Revio accepts payments globally, recover failed transactions, reduce customer churn.

Last round

Seed

Total raised

$ 6,300,000

Employee

11-50

Founded

2020

Overview

Lemonade Finance is a Nigerian multi-currency payments solution.

Last round

Pre-seed

Total raised

$ 850,000

Employee

2-10

Tulix

Founded

2020

Overview

Tulix App is making it easier for African migrants to pay businesses directly and support their families back home.

Last round

Non-equity Assistance

Total raised

$ 100,000

Employee

2-10

Founded

2017

Overview

Dunia Payment is an Ouagadougou-based mobile wallet startup that lets its users send and receive money, pay in stores with a simple QR Code.

Last round

Grant

Total raised

$ 0

Employee

11-50

CreditGO

Founded

2020

Overview

CreditGO is an Egyptian a free mobile application for electronic payments that serves C and D segments' merchants

Last round

Seed

Total raised

$ 0

Employee

11-50

Founded

2011

Overview

VERICASH is One Platform to drive Digital Transformation and Financial Inclusion in emerging markets

Last round

Undisclosed

Total raised

$ 0

Employee

201-500

Founded

2021

Overview

Cotrust Equity harnesses KYC of target audience to provide unique credit plans to banked and unbanked Micro Traders in sub-Saharan Africa.

Last round

Undisclosed

Total raised

$ 0

Employee

11-50

WallX

Founded

2020

Overview

WallX is a Nigerian FinTech which offers fast and secure B2B Payment Solution for African Businesses

Last round

Grant

Total raised

$ 0

Employee

11-50

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