HomeIndustriesFinancial Inclusion

Financial Inclusion Startups in Africa

Financial inclusion initiatives are gaining traction, but challenges remain. Local business leaders acknowledge progress by players like Finclusion Group, Alsoug.com, and Asante Financial Services Group in providing financial services to underserved populations. However, infrastructure gaps, regulatory hurdles, and financial literacy hurdles still hinder widespread adoption. Collaboration between governments, financial institutions, and fintechs is crucial to accelerate progress.

Avg. Deal Size
$8M+0%
Active Startups
59+0%
Total Funding
$501.7M+0%
Avg. Growth
-60%+0%

Market Map

58 companies in this sector

CompanyTaglineTotal FundingLast RoundTeam SizeBackersAction
CIT VERICASH
CIT VERICASH
Egypt

VERICASH is One Platform to drive Digital Transformation and Financial Inclusion in emerging markets

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201-500
No Data
QuickCash
QuickCash
Côte D'ivoire

QuickCash is an Ivorian company specializing in electronic payment, including money transfer.

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11-50
No Data
Phundit
Phundit
Ghana

Phundit is a mobile app that helps young professionals in Africa invest in mutual funds, guided by Zoe, an AI assistant

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Venture
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1-10
No Data
Owoafara
Owoafara
Nigeria

Owoafara is building a digital bank for the informal economy

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Venture
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2-10
No Data
PayCurve
PayCurve
South Africa

PayCurve is a South Africa B2B fintech offering earned wage access.

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11-50
No Data
Digitip
Digitip
South Africa

Digitip offers a digital payment solution, designed to help informal laborers in South Africa get the tips.

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11-50
No Data

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