Software as a Service (SaaS) Startups in Africa

Overview Powered by AI

SaaS is gaining traction in West Africa, fueled by increased cloud adoption. Local business leaders are embracing the flexibility, cost-effectiveness, and innovation it offers. However, concerns remain about data security and internet connectivity.

Cummulative Funding

$25.5M+

Total # of Companies

6

Total Deal Count

7

Total M&A Count

0

Total # of Investors

0

List of Software as a Service (SaaS) startups in Africa

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StartupOverviewLast roundTotal raisedFounded
1.

Payitup operates as a payments startup.

Series A

$ 13,000,000

2017

2.

First Mutual Holdings Limited group seeks to strategically position its insurance businesses as preferred service providers.

Debt Financing

$ 10,000,000

2015

3.

GetCash is a mobile wallet company that allows any existing phone to be used as a payment tool, no matter the handset or operator.

Venture

$ 1,300,000

2014

4.

Zonful Energy is a provider of turnkey off-grid PV systems on a Pay As You Go business model.

Grant

$ 900,000

2014

5.

Homelux is one of the leading property development companies in Zimbabwe

Venture

$ 375,000

1980

6.

A platform for finding student accommodation from off-campus houses

Undisclosed

Undisclosed

2022

Payitup

Founded

2017

Overview

Payitup operates as a payments startup.

Last round

Series A

Total raised

$ 13,000,000

Employee

1-10

Founded

2015

Overview

First Mutual Holdings Limited group seeks to strategically position its insurance businesses as preferred service providers.

Last round

Debt Financing

Total raised

$ 10,000,000

Employee

201-500

Founded

2014

Overview

GetCash is a mobile wallet company that allows any existing phone to be used as a payment tool, no matter the handset or operator.

Last round

Venture

Total raised

$ 1,300,000

Employee

1-10

Founded

2014

Overview

Zonful Energy is a provider of turnkey off-grid PV systems on a Pay As You Go business model.

Last round

Grant

Total raised

$ 900,000

Employee

101-250

Homelux

Founded

1980

Overview

Homelux is one of the leading property development companies in Zimbabwe

Last round

Venture

Total raised

$ 375,000

Employee

Renniti

Founded

2022

Overview

A platform for finding student accommodation from off-campus houses

Last round

Undisclosed

Total raised

$ 0

Employee

2-10

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