SMEs Startups in Africa
Overview Powered by AI
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
$20.1M+
Total # of Companies
25
Total Deal Count
43
Total M&A Count
2
Total # of Investors
82
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 | |
Zazu Global empowers African SMEs with digital banking, invoicing, and cash flow management tools. | Seed | $ 1,000,000 | 2024 | |
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 | |
Kola Market empowers African SMEs with sales, smart inventory, and financing through retail technology. | Pre-seed | $ 200,000 | 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 | |
Genuka helps African SMEs manage sales, inventory, customers, and finances through an all‑in‑one platform. | Angel | $ 30,000 | 2020 | |
Imfuyo (formerly known as Lofte Kesho) is an Agri fintech enabling livestock collateral for Kenyan farmers | Grant | Undisclosed | 2020 | |
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 |
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
2024
Overview
Zazu Global empowers African SMEs with digital banking, invoicing, and cash flow management tools.
Last round
Seed
Total raised
$ 1,000,000
Employee
1-10
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
2021
Overview
Kola Market empowers African SMEs with sales, smart inventory, and financing through retail technology.
Last round
Pre-seed
Total raised
$ 200,000
Employee
1-10
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
2020
Overview
Genuka helps African SMEs manage sales, inventory, customers, and finances through an all‑in‑one platform.
Last round
Angel
Total raised
$ 30,000
Employee
1-10
Founded
2020
Overview
Imfuyo (formerly known as Lofte Kesho) is an Agri fintech enabling livestock collateral for Kenyan farmers
Last round
Grant
Total raised
$ 0
Employee
2-10
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