How much funding have Emerging Markets startups in Africa raised?

Emerging Markets startups in Africa have raised $80.6M in disclosed funding.

Who invests in Emerging Markets startups in Africa?

Abiodun Ajai has backed 1 Emerging Markets startup, followed by Acumen (1) and Africa GoGreen Fund (1).

Emerging Markets Startups in Africa

StartupList Africa tracks 9 Emerging Markets startups across Africa, which have raised $80.6M in disclosed funding. Nigeria has the most, with 2, followed by South Africa (2) and Algeria (1).

Updated 7 Oct 2026

Tracked Companies

Avg. Deal Size

$3.1M

Active Startups

Total Funding

$80.6M

Avg. Growth

Emerging Markets companies

9 companies in this sector

Submit startup

Company	Tagline	Total Funding	Last Round	Team Size	Backers
IPT Africa Mauritius	IPT Africa enables secure B2B cross-border payments, payroll, and FX solutions across Africa.	-	- -	11-50	No Data
Ampersand Electric Motorcycles Rwanda	Ampersand makes better, cheaper, more powerful motorcycles for the millions of motorcycle taxis in East Africa. And they're electric.	$55M	Funding Round -	1-10	No Data
Ziroopay Nigeria	ZirooPay is a fintech startup that makes payment simple and provides internet-free, easy-to-use POS terminals.	$12M	Series A -	11-50	No Data
Fintech Farm Nigeria	Fintech Farm is a newly launched fintech startup based in the U.K, with a branch in Nigeria, that creates digital banks in emerging markets.	$7M	Seed -	51-200	No Data
Inclusivity Solutions South Africa	Inclusivity Solutions builds digital insurance solutions that address the protection gap in emerging markets.	$5M	Series A -	11-50	No Data
reach52 Mozambique	reach52 expands healthcare access in underserved regions through community networks, digital tools, and institutional partnerships.	$500K	Seed -	201-500	No Data

Zlto South Africa	Zlto is a platform that uses blockchain technology to increase engagement amongst youth, track and encourage positive behaviour.	$250K	Grant -	1-10	No Data
VaulFi Algeria	VaulFi is a financial technology platform built for emerging markets, where access to essential financial services is still unequal.	$200K	Seed -	1-10	No Data
Flow Global Uganda	Flow Global provides liquidity solutions for small businesses in emerging markets, empowering sustainable growth.	$200K	Venture -	11-50	No Data

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Top Emerging Markets investors in Africa

Abiodun Ajaibacked 1
Acumenbacked 1
Africa GoGreen Fundbacked 1
AHL Venture Capitalbacked 1
AHL Venturesbacked 1
Alphamundibacked 1

Emerging Markets startups: quick facts

How many Emerging Markets startups are there in Africa?: StartupList Africa tracks 9 Emerging Markets startups across Africa.
How much funding have Emerging Markets startups in Africa raised?: Emerging Markets startups in Africa have raised $80.6M in disclosed funding.
Which African countries have the most Emerging Markets startups?: Nigeria has the most, with 2, followed by South Africa (2) and Algeria (1).
Who invests in Emerging Markets startups in Africa?: Abiodun Ajai has backed 1 Emerging Markets startup, followed by Acumen (1) and Africa GoGreen Fund (1).