Banking-as-a-Service Startups in Africa
StartupList Africa tracks 6 Banking-as-a-Service startups across Africa, which have raised $1.6M in disclosed funding. Kenya has the most, with 2, followed by Nigeria (1) and Senegal (1).
Updated
Avg. Deal Size
$270.8K
Active Startups
6
Total Funding
$1.6M
Avg. Growth
0%
Banking-as-a-Service companies
6 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 | No Data | |
![]() South Africa | Bank Zero is a South African app-only digital mutual bank. | - | - - | 11-50 | No Data | |
![]() Somalia | KIMS Microfinance is Somalia’s first and only dedicated and privately-owned microfinance institution. | $1M | Venture - | 51-200 | No Data | |
![]() Senegal | Cauri Money offers payment services for African diasporas | $350K | Grant - | 2-10 | No Data | |
Kenya | hela.money aims to digitise the way money moves and flows in the global economy. | $175K | Non-equity Assistance - | 2-10 | No Data | |
Kenya | Lemonade Payments is a fintech company simplifying business transactions with seamless payments, transfers, and financial tools. | $100K | Seed - | 11-50 | No Data |
Top Banking-as-a-Service investors in Africa
- Acumenbacked 1
- AWS FinTech Africa Acceleratorbacked 1
- Googlebacked 1
- Google Cloudbacked 1
- Guillaume Luccisanobacked 1
- Ian McNishbacked 1
Banking-as-a-Service startups: quick facts
- How many Banking-as-a-Service startups are there in Africa?
- StartupList Africa tracks 6 Banking-as-a-Service startups across Africa.
- How much funding have Banking-as-a-Service startups in Africa raised?
- Banking-as-a-Service startups in Africa have raised $1.6M in disclosed funding.
- Which African countries have the most Banking-as-a-Service startups?
- Kenya has the most, with 2, followed by Nigeria (1) and Senegal (1).
- Who invests in Banking-as-a-Service startups in Africa?
- Acumen has backed 1 Banking-as-a-Service startup, followed by AWS FinTech Africa Accelerator (1) and Google (1).



