Banking Startups in Africa
StartupList Africa tracks 61 Banking startups across Africa, which have raised $2.7B in disclosed funding. Nigeria has the most, with 25, followed by Egypt (9) and Kenya (7).
Updated
Banking companies
61 companies in this sector
| Company | Tagline | Total Funding | Last Round | Team Size | Backers | Action |
|---|---|---|---|---|---|---|
 Nigeria | Bloc is building the all-in-one FinTech infrastructure stack — for startups and organisations. | 201-500 | ||||
 Nigeria | Lenco provides full-fledged current accounts for banking services and expense management for business growth. | Seed | 11-50 | |||
 Kenya | Tanda is a Kenyan fintech startup working to revolutionize access to digital financial services for micro-retilers across Africa. | Pre-Series A | 51-200 | |||
 Egypt | Balad is a FinTech company that provides prepaid card solutions for underbanked family members of Egyptian migrants abroad. | Non-equity Assistance | 11-50 | |||
Nigeria | VBank.NG is a Nigerian FinTech platform that provides mobile banking services for users. | 201-500 | ||||
 South Africa | Dollarpesa is a trusted and secure currency exchange platform | 2-10 | ||||
 Egypt | Faydety is an Egyptian startup which allows users to find, compare and apply to banking products online. | 11-50 | ||||
 Nigeria | Plumter is helping to facilitate easy foreign payments and international banking for African businesses. | Seed | 2-10 | |||
 Nigeria | Zeeh Africa is an AI-powered open banking platform revolutionizing financial services in Africa. | Grant | 11-50 | |||
 Rwanda | Zedi.rw: Empowering Education, Empowering Lives. Answer questions, earn funds for school fees and personal needs. | 10-50 | ||||
 Bahrain | CryptoWallet, high secure messenger, bank acquiring, StableNFT technology, OS for mobile & smart devices | 2-10 | ||||
 Nigeria | Qruzpay is a digital wallet that allows you to store, send, and receive money in a matter of seconds. | 2-10 | ||||
 Nigeria | Renmoney is a fintech lending company operating on a Microfinance Banking license in Lagos, Nigeria. | 501-1,000 | ||||
Egypt | Menthum is an Egypt-based FinTech venture which is devising a digital saving solution that's simple & secure. | Pre-seed | 11-50 | |||
 South Africa | VantagePay provides white-label payment and technology solutions to the Banking, Telco, Financial Services and Consumer Product Industries. | Series A | 11-50 | |||
Singapore | Digital banking for consumers and small businesses in emerging markets | |||||
STARTCCU is a groundbreaking fintech solution dedicated to providing access to financing and support services for startups and MSMEs | 2-10 | |||||
 Egypt | MNT-Halan is Egypt’s largest and fastest growing lender to the unbanked. | $1.1B | Debt Financing | 10,001+ | ||
 South Africa | TymeBank is a South African fully black-owned and controlled investment company. | $528M | Series D | 51-200 | ||
 Nigeria | Moniepoint provides a seamless platform to accept payments digitally, receive credit and access business management tools. | $293M | Series C | 1,001-5,000 |
Showing 20 of 61 companies. A free account shows more results. See plans
Banking startups by country
Top Banking investors in Africa
- Y Combinatorbacked 8
- Launch Africabacked 5
- Techstarsbacked 4
- Ventures Platformbacked 4
- DFS Labbacked 3
- International Finance Corporationbacked 3
Banking startups: quick facts
- How many Banking startups are there in Africa?
- StartupList Africa tracks 61 Banking startups across Africa.
- How much funding have Banking startups in Africa raised?
- Banking startups in Africa have raised $2.7B in disclosed funding.
- Which African countries have the most Banking startups?
- Nigeria has the most, with 25, followed by Egypt (9) and Kenya (7).
- Who invests in Banking startups in Africa?
- Y Combinator has backed 8 Banking startups, followed by Launch Africa (5) and Techstars (4).
