SMEs Startups in Africa
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SMEs in Africa face challenges accessing finance, finding skilled talent, and navigating regulatory hurdles. Despite platforms like Traction, Hollydesk, and Norebase, there's still a gap in support. Local leaders emphasize the need for tailored solutions, better infrastructure, and a focus on empowering women-led businesses to foster inclusive growth.
Cummulative Funding
$18.8M+
Total # of Companies
22
Total Deal Count
39
Total M&A Count
2
Total # of Investors
73
List of SMEs startups in Africa
Add Startup| Startuparrow_upward | Overviewarrow_upward | Last roundarrow_upward | Total raisedarrow_upward | Founded |
|---|---|---|---|---|
Traction Apps is a one stop platform for small businesses to accept payments, run their businesses and access capital for growth. | Seed | $ 10,000,000 | 2018 | |
Flend is Egypt’s first tech enabled, data driven financing solutions platform dedicated to SMEs. | Debt Financing | $ 3,600,000 | 2022 | |
Hollydesk is an Egyptian SaaS platform for SMEs that will take care of the company's daily expenses and accounts | Debt Financing | $ 1,325,000 | 2020 | |
Norebase helps users incorporate a company, get a bank account and register intellectual property in any African country | Grant | $ 1,000,000 | 2021 | |
KIMS Microfinance is Somalia’s first and only dedicated and privately-owned microfinance institution. | Venture | $ 1,000,000 | 2014 | |
Retail Capital is a South African fintech company which provides funding to small and medium-sized businesses | Private Equity | $ 1,000,000 | 2011 | |
Patika helps small businesses in Africa to track customer debt, facilitate repayments & manage their cashflow. | Pre-seed | $ 500,000 | 2021 | |
GetFundedAfrica is a platform that uses media and technology to assist entrepreneurs across Africa in finding funding | Pre-seed | $ 180,000 | 2020 | |
Empowering SMEs with simplified funding access across Africa | Grant | $ 100,000 | 2021 | |
Formplus is a Nigerian SaaS startup that helps businesses gather and process data from their online and offline customers | Non-equity Assistance | $ 100,000 | 2014 | |
Seamless credit and spend management tools to grow small businesses in Nigeria. | Pre-seed | $ 85,000 | 2019 | |
FaidiHR is an all-in-one cloud platform that allows small and medium enterprises in Africa to automate their HR processes | Seed | Undisclosed | 2018 | |
Shop Okoa is on a mission is to bridge the $5.2 trillion credit gap faced by SMEs in developing countries, particularly in Africa. | Undisclosed | Undisclosed | 2021 | |
Shecluded is a Nigerian financial services and business resource company for women by women. | Non-equity Assistance | Undisclosed | 2019 | |
EXITS is the regional online investment marketplace where individuals and business owners can buy and sell business | Seed | Undisclosed | 2022 | |
Futa helps micro-businesses and SMEs automate their payments and empower their employees. | Undisclosed | Undisclosed | 2022 | |
Finplus Group is a technology company building a new credit & commerce infrastructure for emerging markets. | Non-equity Assistance | Undisclosed | 2017 | |
EGYEXPORTING is a network which facilitates the process of Exporting cycle between the small & Medium companies | Undisclosed | Undisclosed | 2018 | |
Oliv Finance provides fast, digital invoice financing to empower Egyptian SMEs with growth capital. | Debt Financing | Undisclosed | 2024 | |
FreshSource is an Egyptian AgTech which uses technology to efficiently manage fresh produce supply operations from farms to local vendors. | Seed | Undisclosed | 2018 |
Founded
2018
Overview
Traction Apps is a one stop platform for small businesses to accept payments, run their businesses and access capital for growth.
Last round
Seed
Total raised
$ 10,000,000
Employee
51-200
Founded
2022
Overview
Flend is Egypt’s first tech enabled, data driven financing solutions platform dedicated to SMEs.
Last round
Debt Financing
Total raised
$ 3,600,000
Employee
2-10
Founded
2020
Overview
Hollydesk is an Egyptian SaaS platform for SMEs that will take care of the company's daily expenses and accounts
Last round
Debt Financing
Total raised
$ 1,325,000
Employee
2-10
Founded
2021
Overview
Norebase helps users incorporate a company, get a bank account and register intellectual property in any African country
Last round
Grant
Total raised
$ 1,000,000
Employee
2-10
Founded
2014
Overview
KIMS Microfinance is Somalia’s first and only dedicated and privately-owned microfinance institution.
Last round
Venture
Total raised
$ 1,000,000
Employee
51-200
Founded
2011
Overview
Retail Capital is a South African fintech company which provides funding to small and medium-sized businesses
Last round
Private Equity
Total raised
$ 1,000,000
Employee
51-200
Founded
2021
Overview
Patika helps small businesses in Africa to track customer debt, facilitate repayments & manage their cashflow.
Last round
Pre-seed
Total raised
$ 500,000
Employee
2-10
Founded
2020
Overview
GetFundedAfrica is a platform that uses media and technology to assist entrepreneurs across Africa in finding funding
Last round
Pre-seed
Total raised
$ 180,000
Employee
2-10
Founded
2021
Overview
Empowering SMEs with simplified funding access across Africa
Last round
Grant
Total raised
$ 100,000
Employee
2-10
Founded
2014
Overview
Formplus is a Nigerian SaaS startup that helps businesses gather and process data from their online and offline customers
Last round
Non-equity Assistance
Total raised
$ 100,000
Employee
2-10
Founded
2019
Overview
Seamless credit and spend management tools to grow small businesses in Nigeria.
Last round
Pre-seed
Total raised
$ 85,000
Employee
11-50
Founded
2018
Overview
FaidiHR is an all-in-one cloud platform that allows small and medium enterprises in Africa to automate their HR processes
Last round
Seed
Total raised
$ 0
Employee
2-10
Founded
2021
Overview
Shop Okoa is on a mission is to bridge the $5.2 trillion credit gap faced by SMEs in developing countries, particularly in Africa.
Last round
Undisclosed
Total raised
$ 0
Employee
2-10
Founded
2019
Overview
Shecluded is a Nigerian financial services and business resource company for women by women.
Last round
Non-equity Assistance
Total raised
$ 0
Employee
11-50
Founded
2022
Overview
EXITS is the regional online investment marketplace where individuals and business owners can buy and sell business
Last round
Seed
Total raised
$ 0
Employee
11-50
Founded
2022
Overview
Futa helps micro-businesses and SMEs automate their payments and empower their employees.
Last round
Undisclosed
Total raised
$ 0
Employee
2-10
Founded
2017
Overview
Finplus Group is a technology company building a new credit & commerce infrastructure for emerging markets.
Last round
Non-equity Assistance
Total raised
$ 0
Employee
2-10
Founded
2018
Overview
EGYEXPORTING is a network which facilitates the process of Exporting cycle between the small & Medium companies
Last round
Undisclosed
Total raised
$ 0
Employee
201-500
Founded
2024
Overview
Oliv Finance provides fast, digital invoice financing to empower Egyptian SMEs with growth capital.
Last round
Debt Financing
Total raised
$ 0
Employee
11-50
Founded
2018
Overview
FreshSource is an Egyptian AgTech which uses technology to efficiently manage fresh produce supply operations from farms to local vendors.
Last round
Seed
Total raised
$ 0
Employee
11-50