How much funding have Banking startups in Africa raised?

Banking startups in Africa have raised $2.7B in disclosed funding.

Who invests in Banking startups in Africa?

Y Combinator has backed 8 Banking startups, followed by Launch Africa (5) and Techstars (4).

SectorUpdated daily

Banking startups in Africa

StartupList Africa tracks 67 Banking startups across Africa, which have raised $2.7B in disclosed funding. Nigeria has the most, with 30, followed by Egypt (9) and Kenya (7).

Companies: 67; in this sector
Avg. Deal Size: $24.1M
Total Funding: $2.7B

GroupFintech & Capital10 sectors

Updated 25 Oct 202667 companiesSource: SLA Startup IndexHow sectors are assigned →Full directory →

All Banking startups67

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#	Startup	What they do	Last round	Raised	Team
1	StecsNigeria	Interest-free money app for professionals in Nigeria to save, invest, send money and manage finances	Not disclosed	Not disclosed
2	MenthumEgypt	Menthum is an Egypt-based FinTech venture which is devising a digital saving solution that's simple & secure.	Pre-seed	Not disclosed	11–50
3	RavenNigeria	Digital finance app for transfers, loans and savings in Nigeria	Not disclosed	Not disclosed
4	PlumterNigeria	Plumter is helping to facilitate easy foreign payments and international banking for African businesses.	Seed	Not disclosed	2–10
5	ZEDIRwanda	Zedi.rw: Empowering Education, Empowering Lives. Answer questions, earn funds for school fees and personal needs.	Not disclosed	Not disclosed	10–50
6	BlocNigeria	Bloc is building the all-in-one FinTech infrastructure stack — for startups and organisations.	Not disclosed	Not disclosed	201–500
7	VantagePaySouth Africa	VantagePay provides white-label payment and technology solutions to the Banking, Telco, Financial Services and Consumer Product Industries.	Series A	Not disclosed	11–50
8	Tyme GroupSingapore	Digital banking for consumers and small businesses in emerging markets	Not disclosed	Not disclosed
9	Startups Co-operative Credit Union (STARTCCU)Ghana	STARTCCU is a groundbreaking fintech solution dedicated to providing access to financing and support services for startups and MSMEs	Not disclosed	Not disclosed	2–10
10	RenmoneyNigeria	Renmoney is a fintech lending company operating on a Microfinance Banking license in Lagos, Nigeria.	Not disclosed	Not disclosed	501–1,000
11	Zeeh AfricaNigeria	Zeeh Africa is an AI-powered open banking platform revolutionizing financial services in Africa.	Grant	Not disclosed	11–50
12	FintelliaNigeria	Cloud-native core banking for modern African financial institutions.	Not disclosed	Not disclosed
13	CashaNigeria	Cross-border banking and payments through a Nigerian microfinance bank	Not disclosed	Not disclosed
14	QruzpayNigeria	Qruzpay is a digital wallet that allows you to store, send, and receive money in a matter of seconds.	Not disclosed	Not disclosed	2–10
15	VoolaBahrain	CryptoWallet, high secure messenger, bank acquiring, StableNFT technology, OS for mobile & smart devices	Not disclosed	Not disclosed	2–10
16	AlgosysUganda	Core banking and lending management software for SACCOs, microfinance institutions and lenders in Uganda and East Africa.	Not disclosed	Not disclosed
17	VBank.NGNigeria	VBank.NG is a Nigerian FinTech platform that provides mobile banking services for users.	Not disclosed	Not disclosed	201–500
18	TandaKenya	Tanda is a Kenyan fintech startup working to revolutionize access to digital financial services for micro-retilers across Africa.	Pre-Series A	Not disclosed	51–200
19	MintynNigeria	The Soft Life Bank: digital banking, bills and payments in Nigeria	Not disclosed	Not disclosed
20	DOLLARPESA LTDSouth Africa	Dollarpesa is a trusted and secure currency exchange platform	Not disclosed	Not disclosed	2–10

SLA Startup Index · raised is disclosed funding

Showing 1–20 of 67

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Frequently asked about Banking in Africa

How many Banking startups are there in Africa?: StartupList Africa tracks 67 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 30, 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).

Cite this page

StartupList Africa, “Banking startups in Africa”, updated 25 Oct 2026.

startuplist.africa/industries/banking