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
$1.2B+
Total # of Companies
60
Total Deal Count
122
Total M&A Count
8
Total # of Investors
339
List of Payments startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
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 | |
PalmPay is a simple and secure payment app that give rewards. | Series A | $ 140,000,000 | 2019 | |
Interswitch is an Africa-focused integrated digital payments and commerce company. | Private Equity | $ 120,500,000 | 2002 | |
TeamApt is using technology to facilitate financial happiness for Africans | Series B | $ 55,500,000 | 2015 | |
Raenest is a modern, multi-currency platform for Africans that makes managing money across borders easy. | Series A | $ 14,450,000 | 2022 | |
OjirehPrime is a Fintech company committed to providing alternative banking services at the most affordable and convenient way | Venture | $ 14,281,000 | 2018 | |
NOWNOW is a Fintech platform that allows users to send and receive money, purchase airtime and pay bills with ease. | Seed | $ 13,000,000 | 2015 | |
Verto is a global B2B payments solution that helps businesses send money to anyone, anywhere | Grant | $ 12,350,000 | 2017 | |
ZirooPay is a fintech startup that makes payment simple and provides internet-free, easy-to-use POS terminals. | Series A | $ 12,137,200 | 2014 | |
Paystack helps businesses in Africa get paid by anyone, anywhere in the world | Series A | $ 11,670,000 | 2015 | |
Leatherback is making cross-border trade easier for individuals and businesses across the globe. | Pre-seed | $ 10,000,000 | 2019 | |
Cedar Money is simplifying Cross-border Transactions for Businesses in Africa. | Seed | $ 9,900,000 | 2022 | |
Waza is Nigerian FinTech startup that makes it easy for Africans to make global B2B payments. | Debt Financing | $ 8,620,000 | 2023 | |
Zone (formerely Appzone) is a regulated blockchain network that enables payments and acceptance of digital currencies. | Seed | $ 8,500,000 | 2022 | |
Klasha is a Lagos-based startup which makes consumer goods online more accessible to customers across Africa. | Seed | $ 6,700,000 | 2018 | |
Nairagram is a US-headquartered remittance service for Nigerians in diaspora. | Debt Financing | $ 6,500,000 | 2016 | |
Duplo is modernizing payments for B2B companies in Africa. | Seed | $ 5,600,000 | 2021 | |
Sabi is a Nigerian startup which builds digital solutions for small businesses in Africa. | Seed | $ 5,500,000 | ||
Earnipay is a FinTech solution that provides flexible and on-demand salary access to income-earners. | Seed | $ 4,000,000 | 2021 |
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
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
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
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
2022
Overview
Raenest is a modern, multi-currency platform for Africans that makes managing money across borders easy.
Last round
Series A
Total raised
$ 14,450,000
Employee
51-200
Founded
2018
Overview
OjirehPrime is a Fintech company committed to providing alternative banking services at the most affordable and convenient way
Last round
Venture
Total raised
$ 14,281,000
Employee
11-50
Founded
2015
Overview
NOWNOW is a Fintech platform that allows users to send and receive money, purchase airtime and pay bills with ease.
Last round
Seed
Total raised
$ 13,000,000
Employee
51-200
Founded
2017
Overview
Verto is a global B2B payments solution that helps businesses send money to anyone, anywhere
Last round
Grant
Total raised
$ 12,350,000
Employee
11-50
Founded
2014
Overview
ZirooPay is a fintech startup that makes payment simple and provides internet-free, easy-to-use POS terminals.
Last round
Series A
Total raised
$ 12,137,200
Employee
11-50
Founded
2015
Overview
Paystack helps businesses in Africa get paid by anyone, anywhere in the world
Last round
Series A
Total raised
$ 11,670,000
Employee
11-50
Founded
2019
Overview
Leatherback is making cross-border trade easier for individuals and businesses across the globe.
Last round
Pre-seed
Total raised
$ 10,000,000
Employee
11-50
Founded
2022
Overview
Cedar Money is simplifying Cross-border Transactions for Businesses in Africa.
Last round
Seed
Total raised
$ 9,900,000
Employee
11-50
Founded
2023
Overview
Waza is Nigerian FinTech startup that makes it easy for Africans to make global B2B payments.
Last round
Debt Financing
Total raised
$ 8,620,000
Employee
2-10
Founded
2022
Overview
Zone (formerely Appzone) is a regulated blockchain network that enables payments and acceptance of digital currencies.
Last round
Seed
Total raised
$ 8,500,000
Employee
51-200
Founded
2018
Overview
Klasha is a Lagos-based startup which makes consumer goods online more accessible to customers across Africa.
Last round
Seed
Total raised
$ 6,700,000
Employee
11-50
Founded
2016
Overview
Nairagram is a US-headquartered remittance service for Nigerians in diaspora.
Last round
Debt Financing
Total raised
$ 6,500,000
Employee
11-50
Founded
2021
Overview
Duplo is modernizing payments for B2B companies in Africa.
Last round
Seed
Total raised
$ 5,600,000
Employee
2-10
Founded
Overview
Sabi is a Nigerian startup which builds digital solutions for small businesses in Africa.
Last round
Seed
Total raised
$ 5,500,000
Employee
11-50
Founded
2021
Overview
Earnipay is a FinTech solution that provides flexible and on-demand salary access to income-earners.
Last round
Seed
Total raised
$ 4,000,000
Employee
2-10