Payment Startups in Africa
Overview Powered by AI
Payment players in East Africa face challenges in balancing innovation with compliance. Despite strong mobile adoption, interoperability remains an issue.
Cummulative Funding
$182M+
Total # of Companies
16
Total Deal Count
37
Total M&A Count
1
Total # of Investors
74
List of Payment startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Lemonade Finance is a Nigerian multi-currency payments solution. | Series B | $ 119,550,000 | 2020 | |
Dopay is an Egyptian FinTech providing digital payroll solutions for the unbanked and underbanked workforce in emerging markets. | Series A | $ 37,020,000 | 2014 | |
Appzone is a fintech that builds proprietary solutions for financial institutions, banking and payments services. | Series A | $ 10,000,000 | 2008 | |
Connect Money's goal is to help businesses connect with cash users through digital payments. | Seed | $ 8,000,000 | 2023 | |
Revio accepts payments globally, recover failed transactions, reduce customer churn. | Seed | $ 6,300,000 | 2020 | |
Startbutton Africa helps global businesses expand across Africa with seamless payments and compliance tools. | Funding Round | $ 1,025,000 | 2023 | |
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 | |
Nobuk is a payments reconciliation company enabling groups and collectives in Africa to automate payment collection. | Seed | $ 85,000 | 2022 | |
Futa helps micro-businesses and SMEs automate their payments and empower their employees. | Undisclosed | Undisclosed | 2022 | |
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 | |
Efficacy Payments provides p2p payments, card POS acceptance, disbursement, and POS services. | Venture | Undisclosed | 2016 | |
QuePay automates cashless payments via IoT for informal services like ATMs, buses, and toilets. | Seed | Undisclosed | 2022 | |
CreditGO is an Egyptian a free mobile application for electronic payments that serves C and D segments' merchants | Seed | Undisclosed | 2020 | |
VERICASH is One Platform to drive Digital Transformation and Financial Inclusion in emerging markets | Undisclosed | Undisclosed | 2011 | |
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 | |
WallX is a Nigerian FinTech which offers fast and secure B2B Payment Solution for African Businesses | Grant | Undisclosed | 2020 |
Founded
2020
Overview
Lemonade Finance is a Nigerian multi-currency payments solution.
Last round
Series B
Total raised
$ 119,550,000
Employee
2-10
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
$ 37,020,000
Employee
51-200
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
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
2023
Overview
Startbutton Africa helps global businesses expand across Africa with seamless payments and compliance tools.
Last round
Funding Round
Total raised
$ 1,025,000
Employee
11-50
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
2022
Overview
Nobuk is a payments reconciliation company enabling groups and collectives in Africa to automate payment collection.
Last round
Seed
Total raised
$ 85,000
Employee
2-10
Founded
2022
Overview
Futa helps micro-businesses and SMEs automate their payments and empower their employees.
Last round
Undisclosed
Total raised
$ 0
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
Founded
2016
Overview
Efficacy Payments provides p2p payments, card POS acceptance, disbursement, and POS services.
Last round
Venture
Total raised
$ 0
Employee
11-50
Founded
2022
Overview
QuePay automates cashless payments via IoT for informal services like ATMs, buses, and toilets.
Last round
Seed
Total raised
$ 0
Employee
2-10
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
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