SME Startups in Africa
Overview Powered by AI
SME market in Southern Africa is still nascent but gaining traction. Pivo, Boost Ghana are making waves, but local players like Yoco, Ozow, and Jumo are also gaining ground. Business leaders see the potential but concerns remain about infrastructure, regulation, and access to funding. The key is collaboration between fintechs, banks, and governments to unlock growth.
Cummulative Funding
$244.1M+
Total # of Companies
11
Total Deal Count
29
Total M&A Count
0
Total # of Investors
61
List of SME startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Tasaheel is a financing company for micro-projects with easy and simple payment systems. | Funding Round | $ 138,000,000 | 2015 | |
Flow48 enables SME growth by transforming future revenues into up-front capital under flexible terms. | Series A | $ 94,000,000 | 2022 | |
Zuvy provides software for vendors and their buyers to settle invoices and manage payment schedules. | Debt Financing | $ 4,805,000 | 2021 | |
Pivo is a Nigerian credit-focused financial Services platfrom for supply chain small businesses. | Seed | $ 2,500,000 | 2021 | |
Liquify is an invoice financing platform connecting African SMEs with global capital markets. | Seed | $ 2,120,000 | 2023 | |
REasy enables fast, secure cross-border payments for African SMEs and global suppliers. | Pre-seed | $ 1,800,000 | 2023 | |
Paycloud empowers African SMEs with digital banking, smart POS, and AI-driven financing solutions. | Grant | $ 849,998 | 2024 | |
Boost Ghana is Ghanian startup which provide digital solutions to support small and medium enterprises in Ghana. | Funding Round | $ 120,000 | 2019 | |
NEAT Microcredit is empowering entrepreneurs in Nigeria through collateral-free loans, | Seed | Undisclosed | 2017 | |
Agel is Egypt’s First Islamic Fintech; aiming to provide alternative financing solutions that cater MSMEs unique needs. | Pre-seed | Undisclosed | 2021 | |
WallX is a Nigerian FinTech which offers fast and secure B2B Payment Solution for African Businesses | Grant | Undisclosed | 2020 |
Founded
2015
Overview
Tasaheel is a financing company for micro-projects with easy and simple payment systems.
Last round
Funding Round
Total raised
$ 138,000,000
Employee
10,001+
Founded
2022
Overview
Flow48 enables SME growth by transforming future revenues into up-front capital under flexible terms.
Last round
Series A
Total raised
$ 94,000,000
Employee
11-50
Founded
2021
Overview
Zuvy provides software for vendors and their buyers to settle invoices and manage payment schedules.
Last round
Debt Financing
Total raised
$ 4,805,000
Employee
11-50
Founded
2021
Overview
Pivo is a Nigerian credit-focused financial Services platfrom for supply chain small businesses.
Last round
Seed
Total raised
$ 2,500,000
Employee
11-50
Founded
2023
Overview
Liquify is an invoice financing platform connecting African SMEs with global capital markets.
Last round
Seed
Total raised
$ 2,120,000
Employee
2-10
Founded
2023
Overview
REasy enables fast, secure cross-border payments for African SMEs and global suppliers.
Last round
Pre-seed
Total raised
$ 1,800,000
Employee
2-10
Founded
2024
Overview
Paycloud empowers African SMEs with digital banking, smart POS, and AI-driven financing solutions.
Last round
Grant
Total raised
$ 849,998
Employee
1-10
Founded
2019
Overview
Boost Ghana is Ghanian startup which provide digital solutions to support small and medium enterprises in Ghana.
Last round
Funding Round
Total raised
$ 120,000
Employee
2-10
Founded
2017
Overview
NEAT Microcredit is empowering entrepreneurs in Nigeria through collateral-free loans,
Last round
Seed
Total raised
$ 0
Employee
51-200
Founded
2021
Overview
Agel is Egypt’s First Islamic Fintech; aiming to provide alternative financing solutions that cater MSMEs unique needs.
Last round
Pre-seed
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