Savings Startups in Africa

Overview Powered by AI

Savings culture is gaining traction, driven by microfinance institutions. Oyi Medical Card is a pioneer, offering health savings accounts. Local business leaders see potential in digital savings platforms that simplify access and encourage financial discipline.

Cummulative Funding

$230K+

Total # of Companies

2

Total Deal Count

7

Total M&A Count

0

Total # of Investors

7

List of Savings startups in Africa

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StartupOverviewLast roundTotal raisedFounded
1.

Oyi Medical Card is Payments technology integrated into prepaid card for restricted medical spend only.

Non-equity Assistance

$ 120,000

2017

2.

Chumz.io is a savings platform that is revolutionising the savings culture in Africa.

Seed

$ 110,000

2019

Founded

2017

Overview

Oyi Medical Card is Payments technology integrated into prepaid card for restricted medical spend only.

Last round

Non-equity Assistance

Total raised

$ 120,000

Employee

2-10

Chumz

Founded

2019

Overview

Chumz.io is a savings platform that is revolutionising the savings culture in Africa.

Last round

Seed

Total raised

$ 110,000

Employee

2-10

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