Payments Startups in Africa
Overview Powered by AI
The buy-now-pay-later trend is gaining traction, with Tabby and Zepz leading the charge. Flutterwave dominates traditional payments, but competition is heating up from local players. Word is, the market is ripe for innovation and tailored solutions for local businesses.
Cummulative Funding
$6.6B+
Total # of Companies
156
Total Deal Count
347
Total M&A Count
24
Total # of Investors
879
List of Payments startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Tabby creates financial freedom in the way people shop, earn and save by reshaping their relationship with money. | Series E | $ 1,904,000,000 | 2019 | |
Zepz is unlocking the prosperity of cross-border communities through finance and technology. | Series F | $ 960,600,000 | 2021 | |
dLocal enables global merchants to accept and send payments across emerging markets via one API. | Post-IPO Secondary | $ 548,300,000 | 2016 | |
TymeBank is a South African fully black-owned and controlled investment company. | Series D | $ 528,409,182 | 2012 | |
The easiest way to make and accept payments from customers anywhere in the world. | Series D | $ 484,625,000 | 2016 | |
Moniepoint provides a seamless platform to accept payments digitally, receive credit and access business management tools. | Series C | $ 293,100,000 | 2015 | |
TerraPay simplifies global money movement β by providing a single connection to the most expansive cross-border payments network. | Debt Financing | $ 256,500,000 | 2014 | |
Thunes is a B2B company that powers payments for the worldβs fastest-growing businesses. | Series C | $ 202,000,000 | 2016 | |
PalmPay is a simple and secure payment app that give rewards. | Series A | $ 140,000,000 | 2019 | |
Fawry is the leading Egyptian platform for digital transformation & e-payments | Private Equity | $ 122,000,000 | 2008 | |
Interswitch is an Africa-focused integrated digital payments and commerce company. | Private Equity | $ 120,500,000 | 2002 | |
Yoco is a point-of-sale payments provider for small businesses in Africa. | Series C | $ 106,100,000 | 2013 | |
Paymob runs millions of transactions for different business sizes across the Middle East and Africa. | Series B | $ 90,500,000 | 2015 | |
Enabling businesses to grow past their borders through safe and affordable FX and cross-border money transfer solutions. | Grant | $ 65,050,000 | 2013 | |
Empowering Morocco with CashPlus: Your Trusted Fintech Partner for Seamless Money Transfers, Currency Exchange, and Financial Services Nationwide. | Private Equity | $ 62,000,000 | 2004 | |
Paymenow is a financial wellness and inclusion platform that allows employees on demand access to earned wages. | Funding Round | $ 59,050,000 | 2019 | |
Conduit enables businesses to simply and cheaply move money between Latin America, Africa, China and the US at scale. | Series A | $ 59,000,000 | 2024 | |
TeamApt is using technology to facilitate financial happiness for Africans | Series B | $ 55,500,000 | 2015 | |
Cellulant is a leading multinational payments company in Africa on a mission to digitize payments for Africa's largest economies. | Series C | $ 54,500,000 | 2004 | |
Ozow is a South African startup that simplifies transactions for customers and merchants. | Series B | $ 49,194,082 | 2014 |
Founded
2019
Overview
Tabby creates financial freedom in the way people shop, earn and save by reshaping their relationship with money.
Last round
Series E
Total raised
$ 1,904,000,000
Employee
51-200
Founded
2021
Overview
Zepz is unlocking the prosperity of cross-border communities through finance and technology.
Last round
Series F
Total raised
$ 960,600,000
Employee
1,001-5,000
Founded
2016
Overview
dLocal enables global merchants to accept and send payments across emerging markets via one API.
Last round
Post-IPO Secondary
Total raised
$ 548,300,000
Employee
501-1,000
Founded
2012
Overview
TymeBank is a South African fully black-owned and controlled investment company.
Last round
Series D
Total raised
$ 528,409,182
Employee
51-200
Founded
2016
Overview
The easiest way to make and accept payments from customers anywhere in the world.
Last round
Series D
Total raised
$ 484,625,000
Employee
151-200
Founded
2015
Overview
Moniepoint provides a seamless platform to accept payments digitally, receive credit and access business management tools.
Last round
Series C
Total raised
$ 293,100,000
Employee
1,001-5,000
Founded
2014
Overview
TerraPay simplifies global money movement β by providing a single connection to the most expansive cross-border payments network.
Last round
Debt Financing
Total raised
$ 256,500,000
Employee
501-1,000
Founded
2016
Overview
Thunes is a B2B company that powers payments for the worldβs fastest-growing businesses.
Last round
Series C
Total raised
$ 202,000,000
Employee
201-500
Founded
2019
Overview
PalmPay is a simple and secure payment app that give rewards.
Last round
Series A
Total raised
$ 140,000,000
Employee
51-200
Founded
2008
Overview
Fawry is the leading Egyptian platform for digital transformation & e-payments
Last round
Private Equity
Total raised
$ 122,000,000
Employee
251-500
Founded
2002
Overview
Interswitch is an Africa-focused integrated digital payments and commerce company.
Last round
Private Equity
Total raised
$ 120,500,000
Employee
501-1000
Founded
2013
Overview
Yoco is a point-of-sale payments provider for small businesses in Africa.
Last round
Series C
Total raised
$ 106,100,000
Employee
51-200
Founded
2015
Overview
Paymob runs millions of transactions for different business sizes across the Middle East and Africa.
Last round
Series B
Total raised
$ 90,500,000
Employee
51-200
Founded
2013
Overview
Enabling businesses to grow past their borders through safe and affordable FX and cross-border money transfer solutions.
Last round
Grant
Total raised
$ 65,050,000
Employee
101-250
Founded
2004
Overview
Empowering Morocco with CashPlus: Your Trusted Fintech Partner for Seamless Money Transfers, Currency Exchange, and Financial Services Nationwide.
Last round
Private Equity
Total raised
$ 62,000,000
Employee
1001-5000
Founded
2019
Overview
Paymenow is a financial wellness and inclusion platform that allows employees on demand access to earned wages.
Last round
Funding Round
Total raised
$ 59,050,000
Employee
11-50
Founded
2024
Overview
Conduit enables businesses to simply and cheaply move money between Latin America, Africa, China and the US at scale.
Last round
Series A
Total raised
$ 59,000,000
Employee
11-50
Founded
2015
Overview
TeamApt is using technology to facilitate financial happiness for Africans
Last round
Series B
Total raised
$ 55,500,000
Employee
201-500
Founded
2004
Overview
Cellulant is a leading multinational payments company in Africa on a mission to digitize payments for Africa's largest economies.
Last round
Series C
Total raised
$ 54,500,000
Employee
251-500
Founded
2014
Overview
Ozow is a South African startup that simplifies transactions for customers and merchants.
Last round
Series B
Total raised
$ 49,194,082
Employee
11-50