Wealth Management Startups in Africa

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Pan-African wealth management is attracting significant interest, driven by fintech disruptors like CowryWise and Awabah. Local business leaders see great potential, recognizing the growing middle class and underserved needs. However, challenges remain, including regulatory complexities, financial literacy, and competition from established banks.

Cummulative Funding

$3.6M+

Total # of Companies

4

Total Deal Count

12

Total M&A Count

0

Total # of Investors

18

List of Wealth Management startups in Africa

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StartupOverviewLast roundTotal raisedFounded
1.

CowryWise is a FinTech company that democratizes access to premium financial services by making these services available to the mass market.

Seed

$ 3,250,000

2017

2.

Secure your future with Awabah's digital pension platform for self-employed Africans.

Grant

$ 370,000

2021

3.

Achieving universal financial inclusion through technology with Exuus

Grant

$ 50,000

2014

4.

ComiBlock gives users access to invest in actively managed and diversified crypto portfolios.

Pre-seed

Undisclosed

2021

CowryWise

Founded

2017

Overview

CowryWise is a FinTech company that democratizes access to premium financial services by making these services available to the mass market.

Last round

Seed

Total raised

$ 3,250,000

Employee

1-10

Awabah

Founded

2021

Overview

Secure your future with Awabah's digital pension platform for self-employed Africans.

Last round

Grant

Total raised

$ 370,000

Employee

11-50

exuus

Founded

2014

Overview

Achieving universal financial inclusion through technology with Exuus

Last round

Grant

Total raised

$ 50,000

Employee

2-10

ComiBlock

Founded

2021

Overview

ComiBlock gives users access to invest in actively managed and diversified crypto portfolios.

Last round

Pre-seed

Total raised

$ 0

Employee

11-50

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