RankingRanked by total disclosed funding
Top 100 African startups by total funding
The 100 companies with the most total disclosed funding. Together they have raised $34.1B, an average of $341M each, across 15 countries.
- Combined funding
- $34.1B
- disclosed rounds
- Average per company
- $341M
- median $175M
- Companies
- 100
- 80 founded 2005 or later
- Countries
- 15
- South Africa leads with 28
| # | Company | Total Funding |
|---|---|---|
| 1 |  Aspen PharmacareEst. 1850 Aspen Pharmacare is a global supplier of branded and generic pharmaceutical products. | $3.8B |
| 2 |  Tabby creates financial freedom in the way people shop, earn and save by reshaping their relationship with money. | $2.1B |
| 3 |  Zipline is a Rwandan startup which delivers medical supplies using automated drones. | $1.9B |
| 4 |  MNT-Halan is Egypt’s largest and fastest growing lender to the unbanked. | $1.1B |
| 5 |  Sun King designs, distributes and finances Sun King solar home energy solutions to households and businesses who lack reliable access to the grid. | $994M |
| 6 | Zepz is unlocking the prosperity of cross-border communities through finance and technology. | $960.6M |
| 7 |  Jumia Group is an e-commerce ecosystem that provides innovative, convenient, and affordable online goods and services to consumers. | $954.9M |
| 8 |  d.light is an international Energy startup that serves people without access to reliable electricity. | $815.2M |
| 9 |  Mobility and delivery platform connecting riders, drivers and merchants | $711.4M |
| 10 |  Moove is a Nigerian mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs across Africa. | $697.2M |
| 11 |  Steinhoff InternationalEst. 1964 Steinhoff is an integrated retailer that manufactures, sources, and retails furniture and household goods in Europe, Africa and Australia. | $654M |
| 12 |  IHS TowersEst. 2001 IHS is a mobile telecommunications infrastructure provider. | $652M |
| 13 |  Embedded insurance and protection technology | $603M |
| 14 |  M-KOPA has connected more than 500,000 homes in Kenya, Tanzania and Uganda to solar power, with over 500 new homes being added every day. | $591.1M |
| 15 |  SPIRO is accelerating the access of affordable, clean energy technology in the mobility sector. | $575M |
| 16 |  OPay empowers users and enables them to accomplish more with their money by providing smart financial services. | $570M |
| 17 |  dLocal enables global merchants to accept and send payments across emerging markets via one API. | $548.3M |
| 18 |  PromasidorEst. 1979 Promasidor is the leading provider of high-quality food products across various regions in Africa | $532M |
| 19 |  TymeBank is a South African fully black-owned and controlled investment company. | $528.4M |
| 20 |  Smartphone-enabled finance for underserved consumers | $500M |
| 21 |  The easiest way to make and accept payments from customers anywhere in the world. | $484.6M |
| 22 |  Wave Mobile Money is a Senegalese startup which provides an app-based financial solution to save, transfer, and borrow money. | $438.5M |
| 23 |  Andela is an engineering-as-a-service business that helps companies build remote teams quickly and cost-effectively. | $381M |
| 24 |  Reimagining Digital Africa | $365M |
| 25 |  Enabling social mobility and economic prosperity through technology in Africa. | $360M |
| 26 |  Tala is a financial technology company on a mission to build a financial system that works for everyone. | $349.4M |
| 27 |  Glovo is a courier service that purchases, picks up, and delivers products ordered through its mobile application. | $336M |
| 28 |  Hollard InsuranceEst. 1980 Hollard Insurance is an insurance agency selling house, car, business and funeral insurance. | $327M |
| 29 |  Technology platform for distributed energy providers | $306.1M |
| 30 |  Teraco Data Environments is a network and hosting company providing vendor neutral data centers in South Africa. | $304.4M |
| 31 |  Chipper cash is the largest mobile cross-border money transfer platform in Africa. | $302.2M |
| 32 |  MediclinicEst. 1983 Mediclinic is a private hospital group with three operating platforms in Southern Africa (South Africa and Namibia) | $300M |
| 33 |  Moniepoint provides a seamless platform to accept payments digitally, receive credit and access business management tools. | $293.1M |
| 34 | CrossBoundary Energy offers fully financed, customized clean energy solutions for business. | $285M |
| 35 |  Go1 is a South African eLearning startup which offers digital learning for entire workforce. | $280M |
| 36 |  JUMO is a technology platform, developed for building and running financial services. | $274.2M |
| 37 |  Swvl is revolutionising the transportation scene in emerging markets, through providing a technology based alternative to public transportation | $269M |
| 38 |  Bayport Financial ServicesEst. 2001 Bayport Management Limited, through its subsidiaries, provides retail financial services in the Republic of Mauritius and internationally. | $263M |
| 39 | TerraPay simplifies global money movement – by providing a single connection to the most expansive cross-border payments network. | $256.5M |
| 40 |  valU is a Buy-Now, Pay-Later lifestyle enabling solution which empowers customers' shopping experience. | $242.2M |
| 41 |  PepkorEst. 1965 Pepkor is a South African based investment holding company with retail interests in Africa, Australia and Eastern Europe. | $238.7M |
| 42 |  Tracker ConnectEst. 1996 Tracker Connect provides vehicle safety solutions such as vehicle tracking, stolen vehicle recovery systems, and fleet management | $234.4M |
| 43 |  Super app for ride-hailing, food delivery, shopping and payments | $217.7M |
| 44 |  Cross-border, cross-currency, cross-network payments. | $215.2M |
| 45 |  Lumos is a Clean Energy company and a leading provider of high-quality solar home systems that is revolutionising the African market. | $212M |
| 46 |  Takealot.com’s mission is to be the most customer-centric online shopping destination in Africa. | $212M |
| 47 |  Thunes is a B2B company that powers payments for the world’s fastest-growing businesses. | $202M |
| 48 |  SolarAfrica Energy is a South African Energy startup that provides simple sustainable solutions. | $191.8M |
| 49 |  Twiga Foods is a business-to-business marketplace platform that sources produce directly from farmers and delivers it to urban retailers. | $180.7M |
| 50 |  The Enterprise Group gives you a range of products for any life and non-life insurance, as well as pension needs. | $180M |
| 51 |  Mobile financial services for emerging markets | $170M |
| 52 | Husk Power Systems provides reliable power to rural communities and businesses, entirely from renewable energy sources | $169M |
| 53 |  Bboxx is an African-focused next generation utility startup which provides access to affordable clean energy. | $161.4M |
| 54 |  Lendable is the leading provider of debt to fintechs in emerging and frontier markets. | $160.7M |
| 55 |  A mobility platform where passengers and drivers agree on fares. | $150M |
| 56 |  H2O Securities is Solving Water Scarcity Through Blockchain Finance | $150M |
| 57 |  Access to mobility for the underbanked | $145.2M |
| 58 |  Wasoko (formerly Sokowatch) is transforming communities across Africa by revolutionizing access to essential goods and services. | $143.6M |
| 59 |  PalmPay is a simple and secure payment app that give rewards. | $140M |
| 60 | Tasaheel is a financing company for micro-projects with easy and simple payment systems. | $138M |
| 61 |  BURN is a Kenyan clean energy startup working to create the world’s most efficient biomass, liquid fuel, and electric cookstoves. | $135.1M |
| 62 |  Yellow Card Financial is a digital currency exchange for the cash market. | $129.5M |
| 63 |  Paymob runs millions of transactions for different business sizes across the Middle East and Africa. | $125.5M |
| 64 |  TradeDepot enables manufacturers and key distributors keep their brands in stock on the shelves of millions of retail stores across Africa. | $123M |
| 65 |  Agriprotein specializes in nutrient recycling to create sustainable sources of protein for the mono-gastric animal feed industry. | $122.5M |
| 66 |  Fawry is the leading Egyptian platform for digital transformation & e-payments | $122M |
| 67 |  InterswitchEst. 2002 Interswitch is an Africa-focused integrated digital payments and commerce company. | $120.5M |
| 68 |  Lemonade Finance is a Nigerian multi-currency payments solution. | $119.6M |
| 69 |  Gro Intelligence is an AI-powered insights company that provides decision-making analytics to the agriculture economies and their participants. | $118.8M |
| 70 |  Sistema.bio is a hybrid reactor biodigester that transforms the manure of animals into biogas and a potent, natural fertilizer. | $114.4M |
| 71 | Moroccan subsidiary of Gotion High-Tech building Africa's first lithium iron phosphate battery gigafactory in Kenitra. | $113.7M |
| 72 |  Odyssey Energy Solutions streamlines financing and deployment of distributed renewable energy. | $113.1M |
| 73 |  Kuda Bank is designed for your smartphone, free of ridiculous charges and great at helping you budget, spend smartly and save more. | $111.6M |
| 74 |  ClickatellEst. 2000 Clickatell gives consumers the power to manage their daily lives and transact with businesses in chat. | $109M |
| 75 |  InstaDeep is a Tunis-based AI startup which provides self-learning decision making systems. | $107M |
| 76 |  Stitch is a South African fintech platform building API to make Africa a world-leader in fintech. | $107M |
| 77 |  Yoco is a point-of-sale payments provider for small businesses in Africa. | $106.1M |
| 78 |  CASHPLUSEst. 2004 Empowering Morocco with CashPlus: Your Trusted Fintech Partner for Seamless Money Transfers, Currency Exchange, and Financial Services Nationwide. | $106M |
| 79 | Helios Towers (HT) enables mobile operators to roll out and enhance coverage in high-growth markets. | $105M |
| 80 |  mPharma offers solutions to health insurance and pharmaceutical companies to make it easier for patients to afford their medications. | $104.3M |
| 81 |  Copia Global provides a consumer catalog order and delivery system intended to serve consumers in the developing world. | $103M |
| 82 |  Edita Food IndustriesEst. 1996 Edita Food Industries manufactures croissants, cakes, bakery products and distributes imported sweeteners, olive oils and pasta. | $102M |
| 83 |  MaxAB is a B2B e-commerce marketplace that connects food and grocery retailers to suppliers in Egypt’s most under-served geographies. | $101.2M |
| 84 |  Sports betting and digital entertainment platforms for Africa | $100M |
| 85 | Ethomed develops treatments for neglected diseases. | $100M |
| 86 |  CrossBoundary is a mission driven investment firm that unlocks the power of capital for sustainable growth and strong returns in underserved markets. | $100M |
| 87 |  MainOne is a telecommunications startup aimed at enabling West Africa's digital economy. | $100M |
| 88 |  US-based hearing-health company formed by Eargo and South African hearX Group. | $100M |
| 89 |  CSquared builds metro fiber and Wi-Fi networks to help local providers connect more people to the Internet and each other | $100M |
| 90 |  SA TaxiEst. 1998 SA Taxi is a vertically integrated company servicing the minibus taxi industry. | $100M |
| 91 |  Oragroup SAEst. 1988 Oragroup SA provides personal and business banking services. | $99.5M |
| 92 |  MAX (Metro Africa Xpress) is an integrated electric vehicle and battery subscription platform for commercial drivers in West and Central Africa. | $96.2M |
| 93 |  Fido is an Africa-focused credit first neobank for the unbanked | $94.7M |
| 94 | Flow48 enables SME growth by transforming future revenues into up-front capital under flexible terms. | $94M |
| 95 |  Nawy is Egypt's proptech which allows users to browse houses online using customisable criteria. | $92.3M |
| 96 |  Solar power and Energy efficiency solutions for businesses | $88.5M |
| 97 |  Breadfast is your one-stop shop for bakeries, groceries, fruits & veggies! | $88M |
| 98 |  caifEst. 2003 caif is a provider of training services intended to break down the barriers of hiring by offering appropriate training courses. | $88M |
| 99 |  RapidDeploy is a South African Cloud-based Computer Aided Dispatch (CAD) and Analytics platform. | $86M |
| 100 |  Sama provides high-quality training data that powers AI technology. | $84.8M |
All 100 shown · as of 21 Oct 2026
Missing a company? Submit itHow this ranking works
Companies are ranked by total disclosed funding: the sum of their funding rounds with a published amount, in US dollars. Rounds without a published amount add nothing to a company's total. 16 of the 100 were founded before 2005 and are marked Est. in the table.
Frequently asked about the Top 100
- Which African startup has raised the most funding?
- On this ranking, Aspen Pharmacare leads with $3.8B, though it was founded in 1850. Among companies founded in 2005 or later, Tabby leads with $2.1B.
- How much have the top 100 African startups raised?
- $34.1B combined, an average of $341M per company, counting disclosed rounds.
- Which country has the most companies in this Top 100?
- South Africa, with 28 companies and $10.8B raised, followed by Nigeria (22, $6.1B), Kenya (21, $7.0B) and Egypt (11, $4.5B).
