Global Fintech: Africa

Developing
Megatrend

Real Economy
Opportunity

Summary

92

Featured Companies

$2,330M

Total Raised In Trend

0

B10 Portfolio Companies

Hiring and Funding Speed

Slowest

Fastest

Trend Maturity

Early

Growth

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

12/1810/1908/2006/21

Month Of

Yearly Financing

The total amount raised by companies in the trend by year.

$200M$400M$600M$800M$1,000M$1,200M'16'17'18'19'20'21

Funding by Segment

Wallets & Digital Banking44%
Infrastructure - Payments33%
Identity & KYC9%
Agent Networks & POS7%

Segments & Companies

Locations

Select...

Stages

Select...

Investors

Select...

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

TeamApt

2015

Series B

$36M

162

Lekki, Nigeria

Novastar Ventures, Soma Capital, Quantum Capital Partners, Kepple Africa Ventures, CDC Group, and 3 others

Kudi

2016

Series A

$13M

125

Lagos, Nigeria

Y Combinator, Partech, Musha Ventures, Khosla Ventures, Ventures Platform, and 2 others

Electronic Settlements Limited

2009

Other

-

90

Lagos, Nigeria

Pesapal

2009

Other

-

130

Nairobi, Kenya

Mark Mwongela

more

eVentures Africa Fund BV

Funds and Electronic Transfer Solutions

2011

Other

-

84

Lagos, Nigeria

Omotade Odunowo

more

JamboPay

2009

Other

-

59

Nairobi, Kenya

Danson Muchemi

more

Riby Finance

2016

Seed

-

59

Yaba, Nigeria

Microtraction

Yoco

2013

Series C

$106M

-

Cape Town, South Africa

Quona Capital, Partech, Dragoneer Investment Group, Velocity Capital Fintech Ventures, Musha Ventures, and 17 others

Credit & lending

Companies increasing access to credit

Company

Founded

Stage

Raised

Employees (est)

HQ Location

Founder

Investors

FairMoney

2017

Series B

$54M

137

Paris, France

Flourish Ventures, Tiger Global Management, Newfund, Speedinvest, DST Global, and 2 others

Credpal

2018

Other

$2M

56

Lagos, Nigeria

Y Combinator, The Epic Groundwater Challenge, VC4A, CFV Ventures, DMZ, and 5 others

QuickCheck

2016

Other

-

63

Lagos, Nigeria

Benjamin Benaim, Luís Rodrigues

more

NowPay

2018

Seed

$3M

30

Cairo, Egypt

500 Startups, Y Combinator, Endure Capital, Foundation Ventures, BECO Capital, and 11 others

Kwara

2018

Seed

-

50

Berlin, Germany

David Hwan

more

Finparx, Catalyst Fund

Indicina

2018

Seed

-

30

Lagos, Nigeria

Catalyst Fund, MAGIC Fund, Itanna, Kepple Africa Ventures, Future Africa, and 1 others

FlexClub

2018

Seed

$6M

-

Amsterdam, The Netherlands

Marlon Gallardo, Rudolf Vavruch, Tinashe Ruzane

more

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

Shahry

2019

Pre-Seed

$1M

38

Cairo, Egypt

Sherif ElRakabawy

more

Egyptian Gulf Holding for Financial Investments

LipaLater

2015

Other

$1M

37

Nairobi, Kenya

Michael Maina

more

Lateral Capital, Founders Factory Africa, Uncovered Fund, Musha Ventures

Payflex

2017

Acquired

-

27

Johannesburg, South Africa

Zip Co

Cryptocurrencies

Exchanges and apps for buying, trading, and managing cryptocurrencies

Company

Founded

Stage

Raised

Employees (est)

HQ Location

Founder

Investors

Ovex

2017

Other

$4M

32

Cape Town, South Africa

Newtown Partners, Invictus Capital

Yellow Card

2016

Seed

$2M

76

Atlanta, United States

Metal VC, Andreessen Horowitz, Polychain, Celo Ecosystem Fund

Bundil

2018

Other

-

9

Addison, United States

Dmitri Love

more

Kevin O’Leary

Revix

2018

Series A

$4M

11

London, United Kingdom

Sabvest

Buycoins

2017

Seed

$1M

19

Lagos, Nigeria

Ire Aderinokun, Timi Ajiboye, Tomiwa Lasebikan

more

Y Combinator, Precursor Ventures, Microtraction, Cypher Capital

Bitfxt

2016

Other

$15M

23

Lekki, Nigeria

Eromosele Abulime

more

Payitup Clearinghouse Ltd

Centbee

2017

Series A

$1M

8

Gauteng, South Africa

nChain, Two Hop Ventures, Calvin Ayre

VALR

2018

Series A

$5M

8

Johannesburg, South Africa

Badi Sudhakaran, Farzam Ehsani, Theo Bohnen

more

10x Group, Bittrex Global, 4Di Capital, Michael Jordaan, Montegray Capital

Identity & KYC

Companies providing core identity services for fintechs

Company

Founded

Stage

Raised

Employees (est)

HQ Location

Founder

Investors

Jumio

2016

Acquired

$205M

599

Palo Alto, United States

Citi Ventures, Great Hill Partners, Millennium Technology Value Partners, Eduardo Saverin, Andreessen Horowitz, and 3 others

Smile Identity

2017

Series A

$11M

36

Oakland, United States

500 Startups, Costanoa Ventures, CRE Venture Capital, Susa Ventures, Catalyst Fund, and 8 others

VerifyMe Nigeria

2013

Series A

-

63

Lekki, Nigeria

Esigie Aguele

more

Consonance Investment Managers

Youverify

2017

Seed

$2M

37

Lagos, Nigeria

Gbenga Odegbami

more

Orange Ventures, VilCap Investments, LoftyInc Capital Management, Outlierz Ventures, Chinook Capital Limited

Thisisme

2013

Other

$3M

10

Cape Town, South Africa

David Thomas, Juan Furmie, Nadeem Shahid

more

Kaoun

2018

Seed

-

94

Tunis, Tunisia

Anis Kallel, Nebras Jemel, Rostom Bouazizi

more

Musha Ventures

Valify Solutions

2019

Other

-

12

Cairo, Egypt

Village Capital

Digified

2018

Pre-Seed

-

7

Cairo, Egypt

Ibrahim Hassan

more

EFG EV Fintech

IAME

2017

Seed

-

5

Quatre Bornes, Mauritius

Ka'resh Eswar, Jonathan Evrard

Infrastructure - Core banking

Technical architecture for fintechs building consumer banking apps and services

Company

Founded

Stage

Raised

Employees (est)

HQ Location

Founder

Investors

Finplus Group

2017

Other

-

6

Nairobi, Kenya

Kageni Wilson

more

Morakot Technologies

2014

Other

-

18

Phnom Penh, Cambodia

Smart Axiata Digital Innovation Fund

BVNK

2016

Other

-

4

London, United Kingdom

Infrastructure - Open banking

Enabling banking data to be shared across fintechs

Company

Founded

Stage

Raised

Employees (est)

HQ Location

Founder

Investors

Mono (YC W21)

2020

Seed

$1M

23

Lagos, Nigeria

Abdul Hassan, Prakhar Singh

more

Y Combinator, Ventures Platform, Lateral Capital, Rally Cap Ventures, Golden Palm Investments, and 2 others

Okra, Inc.

2020

Seed

$5M

39

Lagos, Nigeria

Susa Ventures, TLcom Capital Partners, Accenture Ventures, Sequoia Scout, Rob Solomon

Pngme

2018

Series A

$19M

24

San Francisco, United States

Unshackled Ventures, Octopus Ventures, Radical Ventures, Creative Destruction Lab (CDL), Raptor Group, and 15 others

Stitch

2019

Seed

$4M

17

Cape Town, South Africa

Firstminute Capital, Raba, Village Global, Musha Ventures, Wes Schwalje, and 22 others

Credrails

2021

Other

-

-

Lagos, Nigeria

more

OnePipe

2018

Pre-Seed

$1M

-

Lagos, Nigeria

Atlantica Ventures, Future\Perfect Ventures, Raba, P1 Ventures, Techstars, and 1 others

Infrastructure - Payments

Technical architecture for digital payments

Company

Founded

Stage

Raised

Employees (est)

HQ Location

Founder

Investors

Paymob

2015

Series A

$19M

252

Cairo, Egypt

Alain El Hajj, Islam Shawky, Mostafa Menessy

more

Global Ventures, FMO, A15

MFS Africa

2009

Series B

$17M

159

Johannesburg, South Africa

LUN Partners Group, FSD Africa, Goodwell Investments, Equator Capital Partners

Flutterwave

2016

Series C

$235M

408

San Francisco, United States

Y Combinator, Greycroft, Tiger Global Management, Headline, Green Visor Capital, and 38 others

Paystack

2015

Acquired

$10M

174

Ikeja, Nigeria

Tencent, Y Combinator, Stripe, Google Launchpad Accelerator, Comcast Ventures, and 18 others

Currencycloud

2012

Acquired

$160M

337

London, United Kingdom

Anthemis Group, Sapphire Ventures, GV, Visa, XAnge, and 13 others

Interswitch

2002

Corporate Round

$211M

1081

Lagos, Nigeria

TA Associates, Visa, Helios Investment Partners, Adlevo Capital

Peach Payments

2012

Other

-

55

Cape Town, South Africa

Umkhathi Wethu Ventures, Launch Africa, 88mph.ac, Allan Gray

Appzone Group

2008

Series A

$10M

177

Lagos, Nigeria

Emeka Emetarom, Obi Emetarom, Wale Onawunmi

more

Google Launchpad Accelerator, Business Connexion, CardinalStone Capital Advisers, Lateral Capital, V8 Capital Partners, and 2 others

Cellulant

2004

Series C

$55M

449

Nairobi, Kenya

The Rise Fund, Velocity Capital Fintech Ventures, Endeavor Catalyst, TPG Growth, Satya Capital, and 2 others

AZA Finance

2013

Series B

$50M

146

Nairobi, Kenya

Pantera Capital, Greycroft, Sompo Holdings, Digital Currency Group, Development Bank of Southern Africa (DBSA), and 7 others

VoguePay

2012

Other

-

49

London, United Kingdom

Lipisha

2009

Seed

-

2

Nairobi, Kenya

VilCap Investments

Retail investing

Trading, saving, and other wealth building apps and services

Company

Founded

Stage

Raised

Employees (est)

HQ Location

Founder

Investors

Cowrywise

2017

Seed

$3M

255

Lagos, Nigeria

Quona Capital, Y Combinator, Sahil Lavingia, K50 Ventures, Catalyst Fund, and 2 others

Thndr

2019

Seed

-

33

Cairo, Egypt

Y Combinator, Global Ventures, MSA Capital, 4DX Ventures, Endure Capital, and 3 others

Chaka Technologies

2019

Pre-Seed

$2M

54

Maryland, United States

Tosin Osibodu

more

Seedstars, Breyer Capital, Golden Palm Investments, Musha Ventures, Iyinoluwa Aboyeji, and 3 others

Trove

2018

Seed

-

15

Lagos, Nigeria

Ventures Platform, ARM, ARM Labs, Lagos Angel Network, Diaspora Angel Network, and 1 others

Bamboo

2019

Seed

-

34

Lekki, Nigeria

Y Combinator, MAGIC Fund, Rebel Fund, Wes Schwalje, Walid Aradi, and 1 others

SME and Business Banking

Software and banking for businesses and local entrepreneurers

Company

Founded

Stage

Raised

Employees (est)

HQ Location

Founder

Investors

OZÉ

2017

Seed

$1M

51

Accra, Ghana

Anorak Ventures, Rising Tide Africa, Ingressive Capital, Meltwater Entrepreneurial School of Technology (MEST), Ground Squirrel Ventures, and 3 others

Prospa

2019

Pre-Seed

$4M

17

Lagos, Nigeria

Chioma Ugo, Frederik Obasi, Rodney Jackson-Cole

more

Y Combinator, Liquid 2 Ventures, Musha Ventures, Global Founders Capital, Ankur Nagpal, and 6 others

Lulalend

2014

Series A

$7M

66

Cape Town, South Africa

International Finance Corporation, Quona Capital, Accion Venture Lab, Newid capital, HALLMANN HOLDING International Investment GmbH

Lidya

2016

Series B

$16M

73

Lagos, Nigeria

Accion Venture Lab, Mastercard Start Path, Omidyar Network, Alitheia Capital, Flourish Ventures, and 6 others

Julaya

2018

Seed

$3M

19

Paris, France

Saviu Ventures, Damien Guermonprez

Shara

2020

Seed

-

9

Nairobi, Kenya

Grant Brooke

more

Musha Ventures

XEND

2019

Seed

$2M

2

Enugu, Nigeria

LongHash Ventures, NGC Ventures, Hashkey, Binance, AU21 Capital, and 5 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

Chipper Cash

2018

Series C

$155M

152

San Francisco, United States

500 Startups, Ribbit Capital, Deciens Capital, SVB Capital, Raptor Group, and 12 others

Kuda

2019

Series B

$92M

119

Lagos, Nigeria

Valar Ventures, Target Global, Entrée Capital, SBI Investment, Chris Adelsbach, and 8 others

TymeBank

2012

Private Equity

$169M

475

Johannesburg, South Africa

African Rainbow Capital, Apis Partners, JG Summit Holdings, Ethos Private Equity, Serendipity Capital

PalmPay

2019

Seed

$40M

120

Lagos, Nigeria

Jason Mycroft

more

TRANSSION, MediaTek, NetEase

Umba

2018

Seed

$2M

53

San Francisco, United States

Streamlined Ventures, Lachy Groom, Ludlow Ventures, Act Venture Capital, Valia Ventures, and 5 others

Ukheshe

2018

Seed

$1M

50

Johannesburg, South Africa

Fitech Ventures, Ocean on 76

Taptap Send

2018

Other

$13M

75

London, United Kingdom

Michael Faye, Michael Faye

more

Slow Ventures, Canaan Partners, Musha Ventures, Breyer Capital, Reid Hoffman, and 1 others

Tyme

2018

Other

-

93

Central and Western, Hong Kong

Branch International

2015

Series C

$274M

168

San Francisco, United States

Andreessen Horowitz, Visa, Foundation Capital, Barium Capital, Trinity Ventures, and 10 others

Paga

2009

Series B

$37M

329

London, United Kingdom

EFInA, Global Innovation Fund, Adlevo Capital, Acumen, Omidyar Network, and 5 others

Djamo

2019

Seed

-

27

Ebène, Mauritius

Y Combinator

OPay

2018

Other

-

2

Ikeja, Nigeria

Celine Chen

more

IDG Capital, Sequoia Capital China, Source Code Capital, Meituan, GSR Ventures, and 7 others

Zeepay

2014

Series A

$9M

38

Accra, Ghana

Investisseurs & Partenaires, Absa Bank Ghana, First National Bank, Good Soil VC, ARK Holdings

Wave Mobile Money

2018

Series A

$200M

518

Dakar, Senegal

Stripe, Ribbit Capital, Founders Fund, Sequoia Heritage, Sam Altman, and 1 others

Afriex

2019

Seed

$1M

10

Oakland, United States

Y Combinator, Launch Africa, Precursor Ventures, SB Opportunity Fund, Future Africa, and 9 others

PesaMoni Ltd

2016

Other

-

34

Kampala, Uganda

Asanasio Namanya

more

Carbon

2012

Series A

$16M

102

Lagos, Nigeria

NET1 UEPS Technologies Inc., Google Launchpad Accelerator, Lendable

Zazu Africa

2015

Other

$2M

15

Lusaka, Zambia

Adam Farah, Alex Sheen, Perseus Mlambo

more

Seedrs, Ignite Accelerator, Marc Menase, dotforge, Key Fund

Makeba

2016

Other

-

33

New York, United States

Yamandou Alexander

more

Aella

2015

Seed

$10M

27

San Francisco, United States

500 Startups, Y Combinator, HQ Financial Group, Vy Capital, Brian Armstrong, and 6 others

Nala

2017

Seed

-

10

Dar Es Salaam, Tanzania

Y Combinator, DFS Lab, 9Yards Capital, VentureSouq, Nyca Partners, and 3 others

Wallets Africa

2016

Seed

-

13

San Francisco, United States

John Oke

more

Y Combinator, 9Yards Capital, VentureSouq, Mozilla, Microtraction, and 7 others

Hello Paisa

2015

Other

-

1

Centurion, South Africa

Flick Remittance

2020

Pre-Seed

$1M

9

Cairo, Egypt

Mahmoud Sultan

more

Financing

Top Investors

Investor

Companies Backed

Rounds Participated In

Rounds Led

Companies

Musha Ventures

12

13

0

Flutterwave, Branch International, Taptap Send, Kudi, Lidya, Chaka Technologies, Yoco, LipaLater, Stitch, Prospa, Kaoun, Shara

Future Africa

6

6

0

Smile Identity, Pngme, Chaka Technologies, Stitch, Afriex, Indicina

Visa

5

6

4

Currencycloud, Flutterwave, Paystack, Interswitch, Branch International

Google Launchpad Accelerator

5

5

4

Flutterwave, Paystack, Appzone Group, Carbon, XEND

CRE Venture Capital

5

13

3

Flutterwave, Smile Identity, Yoco, Stitch, FlexClub

Raba

5

6

1

Flutterwave, Yoco, Thndr, Stitch, OnePipe

Catalyst Fund

5

8

1

Cowrywise, Chipper Cash, Smile Identity, Kwara, Indicina

Microtraction

5

5

1

Cowrywise, Chaka Technologies, Buycoins, Riby Finance, Wallets Africa

4DX Ventures

5

7

0

Flutterwave, Chaka Technologies, Yoco, Thndr, NowPay

Global Ventures

4

5

3

Paymob, TeamApt, Thndr, NowPay

Ventures Platform

4

5

1

Paystack, Kudi, Mono (YC W21), Trove

Lateral Capital

4

6

1

Appzone Group, Pngme, LipaLater, Mono (YC W21)

Andreessen Horowitz

3

10

4

Jumio, Branch International, Yellow Card

Partech

3

5

3

Wave Mobile Money, Kudi, Yoco

Quona Capital

3

5

3

Cowrywise, Lulalend, Yoco

Recent Rounds

Largest Rounds

Company

Segment

Round Date

Round Size

Round Stage

Investors

Prospa

SME and Business Banking

09/21

$4M

Pre-Seed

Liquid 2 Ventures, Global Founders Capital, Ankur Nagpal, Immad Akhund, Karim Atiyeh, and 4 others

Wave Mobile Money

Wallets & Digital Banking

09/21

$200M

Series A

Stripe, Ribbit Capital, Founders Fund, Sequoia Heritage, Sam Altman, and 1 others

Pngme

Infrastructure - Open banking

08/21

$15M

Series A

Octopus Ventures, Unshackled Ventures, Raptor Group, EchoVC Partners, Future Africa, and 8 others

Kuda

Wallets & Digital Banking

08/21

$55M

Series B

Valar Ventures, Target Global, SBI Investment

Yoco

Agent Networks & POS

07/21

$83M

Series C

Dragoneer Investment Group, Breyer Capital, Quona Capital, HOF Capital, 4DX Ventures, and 5 others

Julaya

SME and Business Banking

07/21

$2M

Seed

Saviu Ventures

Chaka Technologies

Retail investing

07/21

$2M

Pre-Seed

Breyer Capital, Musha Ventures, Seedstars, 4DX Ventures, Future Africa, and 1 others

Smile Identity

Identity & KYC

07/21

$7M

Series A

Costanoa Ventures, CRE Venture Capital, 500 Startups, LocalGlobe, ValueStream Ventures, and 5 others

Lidya

SME and Business Banking

07/21

$8M

Series B

Alitheia Capital, Flourish Ventures, Accion Venture Lab, Bamboo Capital Partners

FairMoney

Credit & lending

07/21

$42M

Series B

Tiger Global Management, Speedinvest, Flourish Ventures, DST Global, Newfund

TeamApt

Agent Networks & POS

07/21

$30M

Series B

Novastar Ventures, Soma Capital, Kepple Africa Ventures, CDC Group, FMO, and 2 others

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

Cryptocurrencies

06/21

$0M

Series A

Chipper Cash

Wallets & Digital Banking

06/21

$3M

Series C

rocketship.vc

Chipper Cash

Wallets & Digital Banking

05/21

$100M

Series C

SVB Capital, Ribbit Capital, 500 Startups, Tribe Capital, Bezos Expeditions, and 3 others

AZA Finance

Infrastructure - Payments

04/21

$20M

Series B

Okra, Inc.

Infrastructure - Open banking

04/21

$4M

Seed

Susa Ventures, Accenture Ventures, Sequoia Scout, Rob Solomon, TLcom Capital Partners

Payflex

Credit & lending - BNPL

04/21

$0M

Corporate Round

Zip Co

Peach Payments

Infrastructure - Payments

04/21

$0M

Other

Umkhathi Wethu Ventures, Launch Africa, Allan Gray

NowPay

Credit & lending

04/21

$0M

Seed

Globivest

Appzone Group

Infrastructure - Payments

04/21

$10M

Series A

CardinalStone Capital Advisers, Lateral Capital, V8 Capital Partners, Constant Capital, Itanna

Paymob

Infrastructure - Payments

04/21

$15M

Series A

Global Ventures, FMO, A15

Umba

Wallets & Digital Banking

04/21

$0M

Seed

Streamlined Ventures, Two Culture Capital, Lev Ekster

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, Entrée Capital, Target Global

NowPay

Credit & lending

03/21

$0M

Seed

Y Combinator, BECO Capital, Global Ventures, Endure Capital, Foundation Ventures, and 1 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, Salesforce Ventures, Insight Partners, 9Yards Capital, and 7 others

Stitch

Infrastructure - Open banking

02/21

$4M

Seed

Firstminute Capital, Raba, Village Global, Musha Ventures, Nitesh Banta, and 21 others

TymeBank

Wallets & Digital Banking

02/21

$110M

Private Equity

Apis Partners, JG Summit Holdings

LipaLater

Credit & lending - BNPL

02/21

$0M

Other

Uncovered Fund

XEND

SME and Business Banking

02/21

$1M

Seed

NGC Ventures, Hashkey

Djamo

Wallets & Digital Banking

02/21

$0M

Seed

Y Combinator

Indicina

Credit & lending

01/21

$0M

Grant

Catalyst Fund

Cowrywise

Retail investing

01/21

$3M

Seed

Quona Capital, Sahil Lavingia, Tsadik Foundation

OZÉ

SME and Business Banking

01/21

$1M

Seed

Anorak Ventures, Rising Tide Africa, Ingressive Capital, Ground Squirrel Ventures, MEST AFRICA, and 1 others

Kaoun

Identity & KYC

01/21

$0M

Seed

Musha Ventures

Mono (YC W21)

Infrastructure - Open banking

01/21

$0M

Seed

Y Combinator

OnePipe

Infrastructure - Open banking

12/20

$1M

Pre-Seed

Techstars, Atlantica Ventures, Future\Perfect Ventures, Raba, P1 Ventures

Thndr

Retail investing

12/20

$0M

Seed

A'Z Angels

Umba

Wallets & Digital Banking

12/20

$2M

Seed

Lachy Groom, Ludlow Ventures, Valia Ventures, Act Venture Capital, Frontline Ventures

TeamApt

Agent Networks & POS

12/20

$0M

Other

Oui Capital

Credpal

Credit & lending

12/20

$2M

Other

Y Combinator, Tangerine Life, GreenHouse Capital

NowPay

Credit & lending

12/20

$0M

Note

Thndr

Retail investing

12/20

$0M

Other

Global Ventures, Omar Darwazah

Chipper Cash

Wallets & Digital Banking

11/20

$30M

Series B

Ribbit Capital, 500 Startups, Bezos Expeditions, One Way Ventures, Deciens Capital, and 2 others

Zeepay

Wallets & Digital Banking

11/20

$1M

Seed

Good Soil VC

Revix

Cryptocurrencies

11/20

$2M

Seed

Sabvest

Kuda

Wallets & Digital Banking

11/20

$10M

Seed

Target Global, Entrée Capital, SBI Investment, Oliver Jung, Brandon Krieg, and 4 others

Smile Identity

Identity & KYC

11/20

$0M

Series A

500 Startups

XEND

SME and Business Banking

11/20

$2M

Seed

Binance, AU21 Capital, Sandeep Nailwal, Google Launchpad Accelerator, TRGC, and 2 others

NowPay

Credit & lending

10/20

$2M

Seed

Endure Capital, Foundation Ventures, 500 Startups, Plug and Play Tech Center, MSA Capital, and 7 others

Chaka Technologies

Retail investing

10/20

$0M

Pre-Seed

Seedstars, Golden Palm Investments

Flick Remittance

Wallets & Digital Banking

10/20

$1M

Pre-Seed

Mono (YC W21)

Infrastructure - Open banking

09/20

$0M

Seed

Ventures Platform

Indicina

Credit & lending

09/20

$0M

Seed

Itanna, Kepple Africa Ventures, Future Africa, Acuity Ventures

Mono (YC W21)

Infrastructure - Open banking

09/20

$1M

Pre-Seed

Lateral Capital, Rally Cap Ventures, Golden Palm Investments, Idris Ayodeji Bello, Olumide Soyombo

TymeBank

Wallets & Digital Banking

09/20

$46M

Other

African Rainbow Capital

Yellow Card

Cryptocurrencies

08/20

$2M

Seed

Andreessen Horowitz, Polychain, Celo Ecosystem Fund

Afriex

Wallets & Digital Banking

08/20

$0M

Seed

Y Combinator

Thndr

Retail investing

08/20

$0M

Seed

Y Combinator

Valify Solutions

Identity & KYC

08/20

$0M

Other

Village Capital

Paymob

Infrastructure - Payments

08/20

$4M

Series A

FMO, Global Ventures, A15

Stitch

Infrastructure - Open banking

08/20

$0M

Pre-Seed

Wes Schwalje

Pngme

Infrastructure - Open banking

08/20

$3M

Seed

Radical Ventures, Kepple Africa Ventures, Raptor Group, EchoVC Partners, Lateral Capital, and 3 others

Stitch

Infrastructure - Open banking

08/20

$0M

Seed

Wes Schwalje

VALR

Cryptocurrencies

07/20

$3M

Series A

10x Group, Bittrex Global, 4Di Capital, Michael Jordaan

OnePipe

Infrastructure - Open banking

07/20

$0M

Pre-Seed

Techstars New York City Accelerator, Techstars

Wallets Africa

Wallets & Digital Banking

06/20

$0M

Seed

Y Combinator, 9Yards Capital, VentureSouq, Mozilla, Microtraction, and 7 others

Trove

Retail investing

06/20

$0M

Seed

Lagos Angel Network, Diaspora Angel Network, SSE Angel Network

Chipper Cash

Wallets & Digital Banking

06/20

$14M

Series A

Raptor Group, Deciens Capital, 500 Startups, Liquid 2 Ventures, Adam Morley, and 4 others

XEND

SME and Business Banking

05/20

$0M

Seed

LongHash Ventures

Taptap Send

Wallets & Digital Banking

05/20

$13M

Other

Slow Ventures, Canaan Partners, Breyer Capital, Reid Hoffman, Helios Investment Partners

Peach Payments

Infrastructure - Payments

05/20

$0M

Other

Umkhathi Wethu Ventures, Allan Gray

Shahry

Credit & lending - BNPL

05/20

$1M

Pre-Seed

Egyptian Gulf Holding for Financial Investments

TymeBank

Wallets & Digital Banking

05/20

$0M

Series B

Serendipity Capital

Okra, Inc.

Infrastructure - Open banking

04/20

$1M

Pre-Seed

TLcom Capital Partners

Indicina

Credit & lending

04/20

$0M

Seed

MAGIC Fund

Bamboo

Retail investing

04/20

$0M

Seed

Wes Schwalje, Walid Aradi

Bamboo

Retail investing

03/20

$0M

Seed

Tahseen Consulting

Bamboo

Retail investing

03/20

$0M

Seed

Y Combinator, Rebel Fund

Youverify

Identity & KYC

03/20

$2M

Seed

Orange Ventures, LoftyInc Capital Management, Outlierz Ventures

Djamo

Wallets & Digital Banking

03/20

$0M

Pre-Seed

Bamboo

Retail investing

03/20

$0M

Pre-Seed

MAGIC Fund

Centbee

Cryptocurrencies

02/20

$0M

Series A

Two Hop Ventures

Bitfxt

Cryptocurrencies

02/20

$15M

Other

Payitup Clearinghouse Ltd

Aella

Wallets & Digital Banking

02/20

$10M

Debt

HQ Financial Group

LipaLater

Credit & lending - BNPL

02/20

$1M

Seed

Lateral Capital

Currencycloud

Infrastructure - Payments

01/20

$80M

Series E

Visa, Sapphire Ventures, International Finance Corporation, GV, Notion Capital, and 4 others

Flutterwave

Infrastructure - Payments

01/20

$35M

Series B

Headline, Greycroft, Visa, FinTech Collective, 9Yards Capital, and 7 others

VerifyMe Nigeria

Identity & KYC

01/20

$0M

Series A

Consonance Investment Managers

Trove

Retail investing

01/20

$0M

Seed

ARM

Prospa

SME and Business Banking

01/20

$0M

Pre-Seed

Musha Ventures

Shara

SME and Business Banking

01/20

$0M

Seed

Musha Ventures

Yoco

Agent Networks & POS

01/20

$0M

Series B

Musha Ventures

Kwara

Credit & lending

01/20

$0M

Grant

Catalyst Fund