HomeIndustriesConsumer Lending

Consumer Lending Startups in Africa

Consumer lending is on the rise in Africa, driven by increased financial inclusion and smartphone penetration. FinTechs like Finclusion, Carbon, and One Credit are leading the charge, offering innovative and accessible products. Local business leaders see the potential, but also express concerns about over-indebtedness and regulatory challenges.

Total Sectors
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Market Map

8 companies in this sector

CompanyTaglineTotal FundingLast RoundTeam SizeBackersAction
Aspira
Aspira
Kenya

Aspira is a Kenyan platform that allows customers to buy their dream products now and pay later in easy monthly installments.

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-
-
11-50
No Data
Peer Lendly
Peer Lendly
Nigeria

The easiest way to lend and borrow money.

-
-
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2-10
No Data
Finclusion Group
Finclusion Group
Mauritius

Finclusion is a Mauritian startup which drives financial inclusion in Sub-Saharan Africa using AI powered and data driven lending.

$42M
Seed
-
2-10
No Data
Carbon
Carbon
Nigeria

Carbon ignites personal growth through financial innovation

$16M
Debt Financing
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51-100
No Data
One Credit
One Credit
Nigeria

One Credit is an online consumer lending business in Nigeria.

$11M
Convertible Note
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11-50
No Data
Sycamore
Sycamore
Nigeria

Sycamore is a Financial services company where you can lend through us or borrow from us.

$5M
Debt Financing
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51-200
No Data

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