HomeIndustriesDigital Banking

Digital Banking Startups in Africa

Digital banking is gaining traction in East Africa, with players like Money Fellows and Kwara leading the charge. Local business leaders praise the convenience and accessibility, but voice concerns about data privacy and regulatory oversight.

Total Sectors
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Market Map

7 companies in this sector

CompanyTaglineTotal FundingLast RoundTeam SizeBackersAction
Bank Zero
Bank Zero
South Africa

Bank Zero is a South African app-only digital mutual bank.

-
-
-
11-50
No Data
Mekka Group
Mekka Group
Dr Congo

Mekka is revolutionizing financial services across Africa by building the continent’s first dedicated neobank for enterprises.

-
Funding Round
-
11-50
No Data
Money Fellows
Money Fellows
Egypt

Digitizing Collaborative Group Lending and Savings in Egypt

$62M
Pre-Series C
-
51-200
No Data
Kulipa
Kulipa
Nigeria

Kulipa: Paris‑based fintech, B2B stablecoin infrastructure with Nigerian presence.

$9M
Seed
-
1-10
No Data
Kwara
Kwara
Kenya

Kwara is a Nairobi and Berlin based startup offering affordable digital banking

$7M
Seed
-
11-50
No Data
Paycloud Africa
Paycloud Africa
Kenya

Paycloud empowers African SMEs with digital banking, smart POS, and AI-driven financing solutions.

$850K
Grant
-
1-10
No Data

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