Personal Finance Startups in Africa

Overview Powered by AI

Fintech for personal finance is gaining traction, but adoption remains low due to financial literacy gaps and cultural nuances. Local leaders believe education and partnerships are key to drive growth. CowryWise is a pioneer, but competition is emerging rapidly.

Cummulative Funding

$3.2M+

Total # of Companies

2

Total Deal Count

6

Total M&A Count

0

Total # of Investors

8

List of Personal Finance startups in Africa

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StartupOverviewLast roundTotal raisedFounded
1.

CowryWise is a FinTech company that democratizes access to premium financial services by making these services available to the mass market.

Seed

$ 3,250,000

2017

2.

Phundit is a mobile app that helps young professionals in Africa invest in mutual funds, guided by Zoe, an AI assistant

Venture

Undisclosed

2024

CowryWise

Founded

2017

Overview

CowryWise is a FinTech company that democratizes access to premium financial services by making these services available to the mass market.

Last round

Seed

Total raised

$ 3,250,000

Employee

1-10

Phundit

Founded

2024

Overview

Phundit is a mobile app that helps young professionals in Africa invest in mutual funds, guided by Zoe, an AI assistant

Last round

Venture

Total raised

$ 0

Employee

1-10

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