How much funding have BaaS startups in Kenya raised?

BaaS startups in Kenya have raised $20.3M across 9 disclosed rounds.

Who invests in BaaS startups in Kenya?

AWS FinTech Africa Accelerator has backed 1 of them, followed by British International Investment (1) and Google Cloud (1). 8 investors have backed BaaS startups in Kenya in total.

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BaaS startups in Kenya

StartupList Africa tracks 3 BaaS startups in Kenya, which have raised $20.3M across 9 disclosed rounds. Nairobi has the most, with 3. 8 investors have backed them.

Updated 7 Oct 2026

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Companies tracked

Disclosed funding

$20.3M

Investors

BaaS companies in Kenya

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Company	Sector	Stage	Valuation	Raised	Employees
ARC Ride Kenya	Technology	Series A	$*,* Pro	$*,* Pro	11
hela.money Kenya	Technology	Non-equity Assistance	$*,* Pro	$*,* Pro	2
Lemonade Payments Kenya	Technology	Seed	$*,* Pro	$*,* Pro	11

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BaaS startups by city

BaaS startups in Nairobi3

Top BaaS investors in Kenya

AWS FinTech Africa Acceleratorbacked 1
British International Investmentbacked 1
Google Cloudbacked 1
International Finance Corporationbacked 1
Mirovabacked 1

Other sectors in Kenya

BaaS in Kenya: quick facts

How many BaaS startups are there in Kenya?: StartupList Africa tracks 3 BaaS startups in Kenya.
How much funding have BaaS startups in Kenya raised?: BaaS startups in Kenya have raised $20.3M across 9 disclosed rounds.
Who invests in BaaS startups in Kenya?: AWS FinTech Africa Accelerator has backed 1 of them, followed by British International Investment (1) and Google Cloud (1). 8 investors have backed BaaS startups in Kenya in total.
Where in Kenya are BaaS startups based?: Nairobi (3) have the most.