Global Fintech: Africa
Developing
Megatrend
Real Economy
Opportunity
Summary
92
Featured Companies
$3,768M
Total Raised In Trend
2
B10 Portfolio Companies
Hiring and Funding Speed
Slowest
Fastest
Trend Maturity
Early
Growth
Top Investors
Top Companies
Market
Growth
Trend growth is a proprietary composite score based on the speed of hiring and fundraising. Base11 benchmarks trend growth against the growth of other trends analysed through the Base11 platform.
Avg Trend Benchmark
Global Fintech: Africa
Month Of
Yearly Financing
The total amount raised by companies in the trend by year.
Funding by Segment
Segments & Companies
Locations
Stages
Investors
Sort by
Agent Networks & POS
Software and hardware for agents that serve as an onramp to digital services
Company | Founded | Stage | Raised | Employees (est) | HQ Location | Founder | Investors |
|---|---|---|---|---|---|---|---|
Kudi | 2016 | Series A | $13M | 264 | Lagos, Nigeria | Y Combinator, Partech, Khosla Ventures, Michael Seibel, Ventures Platform, and 3 others | |
TeamApt | 2015 | Series B | $86M | 539 | Lekki, Nigeria | Novastar Ventures, QED Investors, Lightrock, Global Ventures, Quantum Capital Partners, and 7 others | |
Pesapal | 2009 | Other | - | 210 | Nairobi, Kenya | more | eVentures Africa Fund BV |
Electronic Settlements Limited | 2009 | Other | - | 158 | Lagos, Nigeria | GreenHouse Capital | |
JamboPay | 2009 | Other | - | 68 | Nairobi, Kenya | more | |
Riby | 2016 | Seed | $1M | 44 | Yaba, Nigeria | Microtraction, Village Capital, GreenHouse Capital, Passion Incubator, Greentree Investment Comany | |
Funds and Electronic Transfer Solutions | 2011 | Other | - | - | Lagos, Nigeria | Omotade Odunowo more | |
Yoco | 2013 | Series C | $106M | - | Cape Town, South Africa | Quona Capital, Partech, Velocity Capital Fintech Ventures, Dragoneer Investment Group, FMO, and 17 others |
Credit & lending
Companies increasing access to credit
Company | Founded | Stage | Raised | Employees (est) | HQ Location | Founder | Investors |
|---|---|---|---|---|---|---|---|
FairMoney | 2017 | Other | $67M | 432 | Paris, France | Lendable, Flourish Ventures, Tiger Global Management, Newfund, Speedinvest, and 3 others | |
QuickCheck | 2016 | Other | - | 99 | Lagos, Nigeria | Benjamin Benaim, Luís Rodrigues more | Seedstars SA |
NowPay | 2018 | Other | $3M | 70 | Cairo, Egypt | more | 500 Global, Endure Capital, Y Combinator, Foundation Ventures, BECO Capital, and 12 others |
Credpal | 2018 | Other | $17M | 93 | Lagos, Nigeria | Y Combinator, Queen City Fintech, The Cairo Angels Syndicate Fund, Credit Direct, DMZ, and 10 others | |
Indicina | 2018 | Seed | $7M | 49 | Lagos, Nigeria | Target Global, Catalyst Fund, MAGIC Fund, Itanna, Greycroft, and 6 others | |
Kwara | 2018 | Seed | $4M | 78 | Berlin, Germany | more | Breega, Finparx, Launch Africa, Chris Adelsbach, Samurai Incubate, and 10 others |
FlexClub | 2018 | Seed | $6M | - | Amsterdam, The Netherlands | CRE Venture Capital, Kindred Ventures, Matt Mullenweg, Ron Pragides, Tariq Zaid, and 1 others |
Credit & lending - BNPL
Companies increasing access to credit through BNPL
Company | Founded | Stage | Raised | Employees (est) | HQ Location | Founder | Investors |
|---|---|---|---|---|---|---|---|
LipaLater | 2015 | Seed | $13M | 94 | Nairobi, Kenya | more | Lateral Capital, GreenHouse Capital, Uncovered Fund, SOSV, Founders Factory Africa, and 5 others |
Shahry | 2019 | Pre-Seed | $1M | 92 | Cairo, Egypt | Egyptian Gulf Holding for Financial Investments | |
Payflex | 2017 | Acquired | $1M | 37 | Johannesburg, South Africa | more | Zip |
Cryptocurrencies
Exchanges and apps for buying, trading, and managing cryptocurrencies
Company | Founded | Stage | Raised | Employees (est) | HQ Location | Founder | Investors |
|---|---|---|---|---|---|---|---|
Yellow Card | 2016 | Series B | $57M | 198 | Atlanta, United States | Polychain, Third Prime, Castle Island Ventures, Valar Ventures, Andreessen Horowitz, and 16 others | |
Ovex | 2017 | Other | $4M | 45 | Cape Town, South Africa | Invictus Capital, Newtown Partners | |
Bundil | 2018 | Other | - | 14 | Addison, United States | Dmitri Love more | Kevin O’Leary |
Buycoins | 2017 | Seed | $1M | 36 | Lagos, Nigeria | Ire Aderinokun, Timi Ajiboye, Tomiwa Lasebikan more | Y Combinator, Precursor Ventures, Cypher Capital, Microtraction |
Revix UK Limited | 2018 | Series A | $4M | 49 | London, United Kingdom | Sabvest, The Delta, Astel Ventures | |
Centbee | 2017 | Series A | $1M | 6 | Gauteng, South Africa | Two Hop Ventures, Calvin Ayre | |
VALR | 2018 | Series B | $55M | - | Johannesburg, South Africa | Badi Sudhakaran, Farzam Ehsani, Theo Bohnen more | 10x Group, Pantera Capital, GSR, Alameda Research, Coinbase Ventures, and 9 others |
Bitfxt | 2016 | Other | $15M | - | Lekki, Nigeria | more | Payitup Clearinghouse Ltd |
Identity & KYC
Companies providing core identity services for fintechs
Company | Founded | Stage | Raised | Employees (est) | HQ Location | Founder | Investors |
|---|---|---|---|---|---|---|---|
Jumio | 2016 | Acquired | $205M | 901 | Palo Alto, United States | Citi Ventures, Great Hill Partners, Eduardo Saverin, Millennium Technology Value Partners, Andreessen Horowitz, and 3 others | |
VerifyMe Nigeria | 2013 | Series A | - | 98 | Lekki, Nigeria | more | Consonance Investment Managers |
Valify Solutions | 2019 | Other | $1M | 28 | Cairo, Egypt | Village Capital, 4DX Ventures | |
Smile Identity | 2017 | Series A | $11M | 58 | Oakland, United States | more | 500 Global, Costanoa Ventures, CRE Venture Capital, Susa Ventures, The Fund, and 10 others |
Youverify | 2017 | Seed | $3M | 51 | Lagos, Nigeria | Orange Ventures, VilCap Investments, LoftyInc Capital Management, Village Capital, Plug and Play, and 2 others | |
Kaoun | 2018 | Seed | - | 95 | Tunis, Tunisia | Musha Ventures | |
Digified | 2018 | Pre-Seed | - | 7 | Cairo, Egypt | more | EFG EV Fintech |
Thisisme | 2013 | Other | $3M | 9 | Cape Town, South Africa | David Thomas, Juan Furmie, Nadeem Shahid more | |
IAME | 2017 | Seed | - | 3 | Quatre Bornes, Mauritius | Nathaniel Tsang Mang Kin, Suryani Chang more | Jonathan Evrard, Ka'resh Eswar |
Infrastructure - Core banking
Technical architecture for fintechs building consumer banking apps and services
Company | Founded | Stage | Raised | Employees (est) | HQ Location | Founder | Investors |
|---|---|---|---|---|---|---|---|
Morakot Technologies | 2014 | Other | - | 25 | Phnom Penh, Cambodia | more | Smart Axiata Digital Innovation Fund |
Finplus Group | 2017 | Other | - | 9 | Nairobi, Kenya | Google for Startups | |
BVNK | 2016 | Other | - | - | London, United Kingdom |
Infrastructure - Open banking
Enabling banking data to be shared across fintechs
Company | Founded | Stage | Raised | Employees (est) | HQ Location | Founder | Investors |
|---|---|---|---|---|---|---|---|
Okra | 2020 | Seed | $5M | 59 | Lagos, Nigeria | Susa Ventures, TLcom Capital Partners, Accenture Ventures, Rob Solomon, Sequoia Scout | |
Stitch | 2019 | Series A | $27M | 70 | Cape Town, South Africa | Firstminute Capital, Raba, The Spruce House Partnership, Village Global, 500 Global, and 35 others | |
Credrails | 2020 | Seed | $3M | 19 | Nairobi, Kenya | Clara Odero more | SoftBank Vision Fund Emerge Program, Precursor Ventures, Samos Investments, Unicorn Growth Capital |
Pngme | 2018 | Series A | $19M | 40 | San Francisco, United States | Radical Ventures, Octopus Ventures, Unshackled Ventures, Raptor Group, Creative Destruction Lab (CDL), and 15 others | |
OnePipe | 2018 | Seed | $5M | 45 | Lagos, Nigeria | more | Atlantica Ventures, Two Culture Capital, Tribe Capital, Chris Adelsbach, The Fund, and 12 others |
Mono | 2020 | Series A | $18M | 51 | Lagos, Nigeria | Abdulhamid Hassan, Prakhar Singh more | Tiger Global Management, Y Combinator, Entrée Capital, General Catalyst, MAGIC Fund, and 13 others |
Infrastructure - Payments
Technical architecture for digital payments
Company | Founded | Stage | Raised | Employees (est) | HQ Location | Founder | Investors |
|---|---|---|---|---|---|---|---|
Paymob | 2015 | Series B | $69M | 936 | Cairo, Egypt | Alain El Hajj, Islam Shawky, Mostafa Menessy more | Global Ventures, FMO, PayPal Ventures, A15, Kora, and 6 others |
Flutterwave | 2016 | Series D | $475M | 730 | San Francisco, United States | Y Combinator, Tiger Global Management, Greycroft, Green Visor Capital, Headline, and 45 others | |
Interswitch | 2002 | Private Equity | $321M | 1412 | Lagos, Nigeria | Visa, TA Associates, LeapFrog Investments, Helios Investment Partners, Tana Africa Capital, and 1 others | |
MFS Africa | 2009 | Series C | $217M | 278 | Johannesburg, South Africa | more | Lendable, LUN Partners Group, AfricInvest, Goodwell Investments, Admaius Capital Partners, and 13 others |
Currencycloud | 2012 | Acquired | $160M | 565 | London, United Kingdom | Anthemis Group, Sapphire Ventures, Visa, GV, Kreos Capital, and 13 others | |
Cellulant | 2004 | Series C | $55M | 580 | Nairobi, Kenya | The Rise Fund, Velocity Capital Fintech Ventures, Bossanova Investimentos, Endeavor Catalyst, TPG Growth, and 3 others | |
Paystack | 2015 | Acquired | $10M | 259 | Ikeja, Nigeria | more | Tencent, Y Combinator, Stripe, Google Launchpad Accelerator, Comcast Ventures, and 18 others |
Appzone Group | 2008 | Series A | $10M | 241 | Lagos, Nigeria | Google Launchpad Accelerator, CardinalStone Capital Advisers, Business Connexion, Lateral Capital, V8 Capital Partners, and 2 others | |
AZA Finance | 2013 | Series B | $50M | 218 | Nairobi, Kenya | Pantera Capital, Greycroft, Sompo Holdings, Digital Currency Group, BitFury Capital, and 7 others | |
Peach Payments | 2012 | Other | - | 109 | Cape Town, South Africa | UW Ventures, Launch Africa, Allan Gray, 88mph.ac | |
VoguePay | 2012 | Other | - | 28 | London, United Kingdom | ||
Lipisha | 2011 | Seed | - | 2 | Nairobi, Kenya | Village Capital, VilCap Investments |
Retail investing
Trading, saving, and other wealth building apps and services
Company | Founded | Stage | Raised | Employees (est) | HQ Location | Founder | Investors |
|---|---|---|---|---|---|---|---|
Thndr | 2019 | Series A | $21M | 100 | Cairo, Egypt | more | Global Ventures, Y Combinator, Tiger Global Management, Prosus Ventures, BECO Capital, and 9 others |
Bamboo | 2019 | Other | $33M | 71 | Lekki, Nigeria | Tiger Global Management, Y Combinator, Greycroft, MAGIC Fund, Rebel Fund, and 8 others | |
Cowrywise | 2017 | Seed | $3M | 546 | Lagos, Nigeria | Quona Capital, Y Combinator, Catalyst Fund, Sahil Lavingia, Microtraction, and 2 others | |
Trove | 2018 | Seed | - | 39 | Lagos, Nigeria | Austin Akagu, Desayo Ajisegiri, Oluwatomi Solanke more | Ecobank, Ventures Platform, ARM, ARM Labs, Lagos Angel Network, and 2 others |
Chaka Technologies | 2019 | Pre-Seed | $2M | - | Maryland, United States | more | Seedstars, Breyer Capital, Golden Palm Investments, Iyinoluwa Aboyeji, 4DX Ventures, and 3 others |
SME and Business Banking
Software and banking for businesses and local entrepreneurers
Company | Founded | Stage | Raised | Employees (est) | HQ Location | Founder | Investors |
|---|---|---|---|---|---|---|---|
Prospa | 2019 | Pre-Seed | $4M | 77 | Lagos, Nigeria | Y Combinator, Global Founders Capital, Liquid 2 Ventures, Musha Ventures, Immad Akhund, and 6 others | |
Lulalend | 2014 | Series A | $7M | 107 | Cape Town, South Africa | Quona Capital, International Finance Corporation, Accion Venture Lab, Newid capital, HALLMANN HOLDING International Investment GmbH, and 1 others | |
Shara | 2020 | Seed | - | 82 | Nairobi, Kenya | Village Global, Bossanova Investimentos, Scribble Ventures, Endeavor Catalyst, Musha Ventures | |
Julaya | 2018 | Seed | $8M | 52 | Paris, France | Speedinvest, Saviu Ventures, Unpopular Ventures, Kibo Ventures, 50 Partners, and 6 others | |
Oze | 2018 | Seed | $4M | 59 | Accra, Ghana | Speedinvest, Catalyst Fund, Cathay Innovation, Ingressive Capital, Anorak Ventures, and 8 others | |
Lidya | 2016 | Series B | $16M | 73 | Lagos, Nigeria | more | Accion Venture Lab, Omidyar Network, Alitheia Capital, Flourish Ventures, Mastercard Start Path, and 7 others |
XEND | 2019 | Seed | $2M | 2 | Enugu, Nigeria | LongHash Ventures, NGC Ventures, Hashkey, Binance Labs, Google Launchpad Accelerator, and 3 others |
Wallets & Digital Banking
Mobile apps for managing money & airtime balances, sending remittances, making payments, and enabling P2P exchange
Company | Founded | Stage | Raised | Employees (est) | HQ Location | Founder | Investors |
|---|---|---|---|---|---|---|---|
PalmPay | 2019 | Series A | $140M | 534 | Lagos, Nigeria | Jason Mycroft more | TRANSSION, NetEase, MediaTek, China Creation Ventures (CCV), Seas Capital |
Kuda | 2019 | Series B | $92M | 426 | Lagos, Nigeria | Target Global, Valar Ventures, SBI Investment, Chris Adelsbach, ODBA, and 10 others | |
Taptap Send | 2018 | Series B | $78M | 195 | London, United Kingdom | more | Spark Capital, Reid Hoffman, Canaan Partners, Breyer Capital, FJ Labs, and 8 others |
Chipper Cash | 2018 | Series C | $302M | 399 | San Francisco, United States | 500 Global, Ribbit Capital, FTX, Deciens Capital, SVB Capital, and 19 others | |
Branch International | 2015 | Series C | $274M | 215 | San Francisco, United States | Andreessen Horowitz, Visa, Foundation Capital, Trinity Ventures, Barium Capital, and 10 others | |
Djamo | 2019 | Seed | - | 79 | Abidjan, Côte d'Ivoire | more | Y Combinator, Youcef. Es-skouri |
TymeBank | 2012 | Series B | $59M | 640 | Johannesburg, South Africa | African Rainbow Capital, Bossanova Investimentos, Ethos Private Equity, Endeavor Catalyst, Serendipity Capital | |
Carbon | 2012 | Series A | $16M | 133 | Lagos, Nigeria | NET1 UEPS Technologies Inc., Google Launchpad Accelerator, Lendable | |
Tyme | 2018 | Series B | $180M | 135 | Central and Western, Hong Kong | Apis Partners, JG Summit Holdings, Tencent, CDC Group | |
Afriex | 2019 | Series A | $11M | 30 | Oakland, United States | more | Y Combinator, Dragonfly, Sequoia Capital China, Launch Africa, Stellar Development Foundation, and 16 others |
Aella | 2015 | Seed | $10M | 53 | San Francisco, United States | more | 500 Global, Y Combinator, HQ Financial Group, Oyster Ventures, Vy Capital, and 6 others |
Wallets | 2018 | Seed | $1M | 11 | San Francisco, United States | Y Combinator, Mozilla, VentureSouq, 9Yards Capital, Brad Flora, and 7 others | |
Paga | 2009 | Series C | $37M | 346 | London, United Kingdom | more | EFInA, Global Innovation Fund, Adlevo Capital, Acumen, Tim Draper, and 6 others |
Ukheshe | 2018 | Seed | $1M | 69 | Johannesburg, South Africa | more | Fitech Ventures, Ocean on 76 |
Zeepay | 2014 | Series A | $19M | 77 | Accra, Ghana | Symbiotics Group, Investisseurs & Partenaires, Absa Bank Ghana, First National Bank, Good Soil VC, and 2 others | |
PesaMoni | 2016 | Seed | - | 35 | Kampala, Uganda | ||
Umba | 2018 | Series A | $17M | 66 | San Francisco, United States | Costanoa Ventures, Lachy Groom, Streamlined Ventures, Lux Capital, Frontline Ventures, and 9 others | |
Zazu Africa | 2015 | Other | $2M | 11 | Lusaka, Zambia | Seedrs, Ignite Accelerator, Jag Singh, Marc Menase, dotforge, and 1 others | |
Hello Paisa | 2015 | Other | - | 1 | Centurion, South Africa | more | |
Makeba | 2016 | Other | - | 19 | New York, United States | Yamandou Alexander more | |
Flick Remittance | 2020 | Pre-Seed | $1M | 2 | Cairo, Egypt | more | |
OPay | 2018 | Other | - | - | Ikeja, Nigeria | Celine Chen more | IDG Capital, Sequoia Capital China, Source Code Capital, Meituan, GSR Ventures, and 7 others |
Nala | 2017 | Seed | $10M | - | Dar Es Salaam, Tanzania | Accel, Y Combinator, Bessemer Venture Partners, DFS Lab, Amplo, and 14 others | |
Wave Mobile Money | 2018 | Series A | $292M | - | Dakar, Senegal | more | Stripe, International Finance Corporation, Founders Fund, Ribbit Capital, Sequoia Heritage, and 8 others |
Financing
Top Investors
Investor | Companies Backed | Rounds Participated In | Rounds Led | Companies |
|---|---|---|---|---|
Musha Ventures | 12 | 14 | 0.0 | |
Bossanova Investimentos | 8 | 9 | 0.0 | |
Future Africa | 7 | 8 | 0.0 | |
Catalyst Fund | 6 | 9 | 2.0 | |
Raba | 6 | 12 | 1.0 | |
Endeavor Catalyst | 6 | 6 | 0.0 | |
4DX Ventures | 6 | 9 | 0.0 | |
Tiger Global Management | 5 | 6 | 5.0 | |
500 Global | 5 | 15 | 5.0 | |
Visa | 5 | 6 | 4.0 | |
Google Launchpad Accelerator | 5 | 5 | 4.0 | |
CRE Venture Capital | 5 | 15 | 3.0 | |
Microtraction | 5 | 5 | 1.0 | |
Greycroft | 4 | 7 | 4.0 | |
Global Ventures | 4 | 7 | 4.0 |
Recent Rounds
Largest Rounds
Company | Segment | Round Date | Round Size | Round Stage | Investors |
|---|---|---|---|---|---|
Julaya | SME and Business Banking | 09/22 | $5M | Seed | Speedinvest, Unpopular Ventures, Kibo Ventures, 50 Partners, Jedar Capital, and 4 others |
Yellow Card | Cryptocurrencies | 09/22 | $40M | Series B | Polychain, Fabric Ventures, Third Prime, Sozo Ventures, Castle Island Ventures, and 6 others |
TeamApt | Agent Networks & POS | 08/22 | $50M | Series B | QED Investors, Novastar Ventures, Lightrock, Bossanova Investimentos |
Zeepay | Wallets & Digital Banking | 08/22 | $10M | Series A | Symbiotics Group, Verdant Capital |
Wave Mobile Money | Wallets & Digital Banking | 07/22 | $92M | Debt | International Finance Corporation, Finnfund, Lendable, responsAbility, Symbiotics Group, and 2 others |
MFS Africa | Infrastructure - Payments | 06/22 | $0M | Debt | Symbiotics Group, Stanbic IBTC Bank |
MFS Africa | Infrastructure - Payments | 06/22 | $100M | Series C | Admaius Capital Partners, Vitruvian Partners, CommerzVentures, AXA Investment Managers, AfricInvest |
Credpal | Credit & lending | 06/22 | $0M | Other | The Cairo Angels Syndicate Fund |
Youverify | Identity & KYC | 06/22 | $1M | Seed | Plug and Play |
Indicina | Credit & lending | 06/22 | $3M | Seed | Target Global, Greycroft, RV Ventures |
Valify Solutions | Identity & KYC | 06/22 | $1M | Other | 4DX Ventures |
Interswitch | Infrastructure - Payments | 05/22 | $110M | Private Equity | LeapFrog Investments, Tana Africa Capital |
Paymob | Infrastructure - Payments | 05/22 | $50M | Series B | PayPal Ventures, Kora, Clay Point Investors, Global Ventures, FMO, and 6 others |
Afriex | Wallets & Digital Banking | 04/22 | $10M | Series A | Dragonfly, Sequoia Capital China, Stellar Development Foundation, Diverse Angels, Exceptional Capital, and 1 others |
Umba | Wallets & Digital Banking | 04/22 | $15M | Series A | Costanoa Ventures, Streamlined Ventures, Lachy Groom, Lux Capital, Palm Drive Capital, and 4 others |
Credpal | Credit & lending | 03/22 | $15M | Note | Youcef. Es-skouri, GreenHouse Capital, Uncovered Fund, First circle capital |
Yellow Card | Cryptocurrencies | 03/22 | $0M | Other | Yale Africa Startup Review |
Credpal | Credit & lending | 03/22 | $0M | Debt | Credit Direct |
Bamboo | Retail investing | 03/22 | $17M | Other | |
VALR | Cryptocurrencies | 02/22 | $50M | Series B | Pantera Capital, GSR, Alameda Research, Coinbase Ventures, CMT Digital Ventures, and 6 others |
Credrails | Infrastructure - Open banking | 02/22 | $3M | Seed | SoftBank Vision Fund Emerge Program, Precursor Ventures, Samos Investments, Unicorn Growth Capital |
Flutterwave | Infrastructure - Payments | 02/22 | $250M | Series D | B Capital Group, Tiger Global Management, Lux Capital, Salesforce Ventures, Avenir Growth Capital, and 4 others |
Stitch | Infrastructure - Open banking | 02/22 | $21M | Series A | The Spruce House Partnership, Village Global, TrueLayer, PayPal Ventures, The Fund, and 6 others |
Thndr | Retail investing | 02/22 | $20M | Series A | Tiger Global Management, Prosus Ventures, BECO Capital, 4DX Ventures, Endure Capital, and 4 others |
Bamboo | Retail investing | 01/22 | $15M | Series A | Tiger Global Management, Greycroft, Michael Seibel, Saison Capital, Motley Fool Ventures, and 2 others |
Nala | Wallets & Digital Banking | 01/22 | $10M | Seed | Accel, Bessemer Venture Partners, Amplo, Digital Currency Group, Luno Expeditions, and 7 others |
Oze | SME and Business Banking | 01/22 | $3M | Seed | Speedinvest, Cathay Innovation, Matthias Hilpert, Savannah Fund |
LipaLater | Credit & lending - BNPL | 01/22 | $12M | Seed | GreenHouse Capital, Lateral Frontiers, SOSV, AXIAN, Sayani Investments |
LipaLater | Credit & lending - BNPL | 01/22 | $0M | Debt | Cauris Finance |
Afriex | Wallets & Digital Banking | 01/22 | $0M | Seed | Bossanova Investimentos |
PesaMoni | Wallets & Digital Banking | 01/22 | $0M | Seed | |
TymeBank | Wallets & Digital Banking | 01/22 | $0M | Series B | Bossanova Investimentos, Endeavor Catalyst |
Taptap Send | Wallets & Digital Banking | 12/21 | $65M | Series B | Spark Capital, FJ Labs, Flourish Ventures, Breyer Capital, Slow Ventures, and 5 others |
Trove | Retail investing | 12/21 | $0M | Grant | Ecobank |
Kwara | Credit & lending | 12/21 | $4M | Seed | Breega, Launch Africa, Chris Adelsbach, Samurai Incubate, Future Africa, and 8 others |
Tyme | Wallets & Digital Banking | 12/21 | $70M | Series B | Tencent, CDC Group |
Thndr | Retail investing | 12/21 | $1M | Seed | Global Ventures |
OnePipe | Infrastructure - Open banking | 11/21 | $4M | Seed | Atlantica Ventures, Techstars, Tribe Capital, The Fund, Two Culture Capital, and 10 others |
MFS Africa | Infrastructure - Payments | 11/21 | $30M | Debt | Lendable, Norsad Finance |
MFS Africa | Infrastructure - Payments | 11/21 | $70M | Series C | AfricInvest, Goodwell Investments, LUN Partners Group, Bossanova Investimentos, Endeavor Catalyst, and 5 others |
Chipper Cash | Wallets & Digital Banking | 11/21 | $150M | Series C | FTX, Tribe Capital, Ribbit Capital, SVB Capital, One Way Ventures, and 4 others |
Oze | SME and Business Banking | 10/21 | $0M | Grant | Catalyst Fund |
Stitch | Infrastructure - Open banking | 10/21 | $2M | Seed | 500 Global, Village Global, Matt Robinson, Norrsken VC, Firstminute Capital, and 8 others |
FairMoney | Credit & lending | 10/21 | $0M | Other | |
Mono | Infrastructure - Open banking | 10/21 | $15M | Series A | Tiger Global Management, General Catalyst, SBI Investment, Target Global, Golden Palm Investments, and 4 others |
Indicina | Credit & lending | 10/21 | $4M | Other | Target Global, Angel Investors, Greycroft |
Finplus Group | Infrastructure - Core banking | 10/21 | $0M | Grant | Google for Startups |
Yellow Card | Cryptocurrencies | 09/21 | $15M | Series A | Third Prime, Castle Island Ventures, Valar Ventures, MoonPay, Polychain, and 7 others |
LipaLater | Credit & lending - BNPL | 09/21 | $0M | Seed | SOSV |
LipaLater | Credit & lending - BNPL | 09/21 | $0M | Note | SOSV |
OnePipe | Infrastructure - Open banking | 09/21 | $0M | Seed | |
Prospa | SME and Business Banking | 09/21 | $4M | Pre-Seed | Global Founders Capital, Liquid 2 Ventures, Immad Akhund, The Todd & Rahul Angel Fund, Ankur Nagpal, and 4 others |
Wave Mobile Money | Wallets & Digital Banking | 09/21 | $200M | Series A | Stripe, Founders Fund, Ribbit Capital, Sequoia Heritage, International Finance Corporation, and 2 others |
Shara | SME and Business Banking | 09/21 | $0M | Seed | Village Global, Bossanova Investimentos, Scribble Ventures, Endeavor Catalyst |
PalmPay | Wallets & Digital Banking | 08/21 | $100M | Series A | MediaTek, TRANSSION, China Creation Ventures (CCV), Seas Capital |
Pngme | Infrastructure - Open banking | 08/21 | $15M | Series A | Octopus Ventures, Raptor Group, Unshackled Ventures, Future Africa, Two Small Fish Ventures, and 8 others |
NowPay | Credit & lending | 08/21 | $0M | Other | Kepple Africa Ventures |
Kuda | Wallets & Digital Banking | 08/21 | $55M | Series B | Target Global, Valar Ventures, SBI Investment, ODBA |
Yoco | Agent Networks & POS | 07/21 | $83M | Series C | Dragoneer Investment Group, Quona Capital, HOF Capital, Breyer Capital, Partech, and 4 others |
Julaya | SME and Business Banking | 07/21 | $2M | Seed | Saviu Ventures, Techmind |
Chaka Technologies | Retail investing | 07/21 | $2M | Pre-Seed | Breyer Capital, Seedstars, 4DX Ventures, Golden Palm Investments, Musha Ventures, and 1 others |
Smile Identity | Identity & KYC | 07/21 | $7M | Series A | Costanoa Ventures, CRE Venture Capital, 500 Global, The Fund, Two Culture Capital, and 7 others |
Lidya | SME and Business Banking | 07/21 | $8M | Series B | Alitheia Capital, Flourish Ventures, Accion Venture Lab, Bamboo Capital Partners, Goodwell Investments |
FairMoney | Credit & lending | 07/21 | $42M | Series B | Tiger Global Management, Speedinvest, Flourish Ventures, Newfund, DST Global |
TeamApt | Agent Networks & POS | 07/21 | $30M | Series B | Novastar Ventures, Global Ventures, Soma Capital, FMO, Bossanova Investimentos, and 4 others |
Lulalend | SME and Business Banking | 06/21 | $0M | Debt | Lendahand |
Zeepay | Wallets & Digital Banking | 06/21 | $3M | Debt | Absa Bank Ghana, First National Bank |
Zeepay | Wallets & Digital Banking | 06/21 | $5M | Series A | Investisseurs & Partenaires, Good Soil VC, ARK Holdings |
Revix UK Limited | Cryptocurrencies | 06/21 | $0M | Series A | |
Chipper Cash | Wallets & Digital Banking | 05/21 | $100M | Series C | SVB Capital, 500 Global, Tribe Capital, Ribbit Capital, Rocketship.vc, and 7 others |
Mono | Infrastructure - Open banking | 05/21 | $2M | Seed | Entrée Capital, Babs Ogundeyi, Lateral Capital, Eric Idiahi, Gbenga Oyebode |
AZA Finance | Infrastructure - Payments | 04/21 | $20M | Series B | |
Payflex | Credit & lending - BNPL | 04/21 | $1M | Corporate Round | Zip |
Okra | Infrastructure - Open banking | 04/21 | $4M | Seed | Susa Ventures, Accenture Ventures, TLcom Capital Partners, Rob Solomon, Sequoia Scout |
Peach Payments | Infrastructure - Payments | 04/21 | $0M | Other | UW Ventures, Launch Africa, Allan Gray |
Appzone Group | Infrastructure - Payments | 04/21 | $10M | Series A | CardinalStone Capital Advisers, Lateral Capital, V8 Capital Partners, Itanna, Constant Capital |
Paymob | Infrastructure - Payments | 04/21 | $15M | Series A | Global Ventures, FMO, A15 |
Ovex | Cryptocurrencies | 04/21 | $4M | Other | |
Prospa | SME and Business Banking | 03/21 | $0M | Pre-Seed | Y Combinator |
Jumio | Identity & KYC | 03/21 | $150M | Private Equity | Great Hill Partners |
Afriex | Wallets & Digital Banking | 03/21 | $1M | Seed | Launch Africa, Y Combinator, Precursor Ventures, SB Opportunity Fund, Future Africa, and 9 others |
Kuda | Wallets & Digital Banking | 03/21 | $25M | Series A | Valar Ventures, Target Global, ODBA, Entrée Capital |
NowPay | Credit & lending | 03/21 | $0M | Seed | Y Combinator, Global Ventures, BECO Capital, Endure Capital, Foundation Ventures, and 2 others |
FlexClub | Credit & lending | 03/21 | $5M | Seed | Kindred Ventures, CRE Venture Capital, Matt Mullenweg, Ron Pragides, Tariq Zaid, and 1 others |
Flutterwave | Infrastructure - Payments | 03/21 | $170M | Series C | Tiger Global Management, Avenir Growth Capital, Insight Partners, northstar.vc, Salesforce Ventures, and 8 others |
Djamo | Wallets & Digital Banking | 03/21 | $0M | Seed | Youcef. Es-skouri |
Revix UK Limited | Cryptocurrencies | 03/21 | $0M | Seed | Astel Ventures |
Stitch | Infrastructure - Open banking | 02/21 | $4M | Seed | Firstminute Capital, Raba, 500 Global, Village Global, Nitesh Banta, and 20 others |
Tyme | Wallets & Digital Banking | 02/21 | $110M | Series B | Apis Partners, JG Summit Holdings |
LipaLater | Credit & lending - BNPL | 02/21 | $0M | Other | Lateral Capital, Uncovered Fund, Musha Ventures |
XEND | SME and Business Banking | 02/21 | $1M | Seed | NGC Ventures, Hashkey |
Djamo | Wallets & Digital Banking | 02/21 | $0M | Seed | Y Combinator |
Mono | Infrastructure - Open banking | 02/21 | $0M | Seed | Y Combinator |
Cowrywise | Retail investing | 01/21 | $3M | Seed | Quona Capital, Sahil Lavingia, Tsadik Foundation |
Indicina | Credit & lending | 01/21 | $0M | Grant | Catalyst Fund |
Oze | SME and Business Banking | 01/21 | $1M | Seed | Ingressive Capital, Anorak Ventures, Ground Squirrel Ventures, Rising Tide Africa, MEST AFRICA, and 1 others |
Kaoun | Identity & KYC | 01/21 | $0M | Seed | Musha Ventures |
Revix UK Limited | Cryptocurrencies | 01/21 | $0M | Pre-Seed | The Delta |
Umba | Wallets & Digital Banking | 12/20 | $2M | Seed | Lachy Groom, Valia Ventures, Frontline Ventures, Ludlow Ventures, Act Venture Capital |
OnePipe | Infrastructure - Open banking | 12/20 | $1M | Pre-Seed | Techstars, Two Culture Capital, Chris Adelsbach, P1 Ventures, Future\Perfect Ventures, and 2 others |