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Micro Lending Startups in Africa

Micro-lending in East Africa is a double-edged sword. While it provides access to finance for the underserved, it also risks over-indebtedness. MNT-Halan and Tanda have faced criticism for high interest rates and aggressive collection tactics. Local business leaders are divided: some see it as empowering entrepreneurs, while others fear it's creating a debt trap.

Avg. Deal Size
$80.2M+0%
Active Startups
3+0%
Total Funding
$1B+0%
Avg. Growth
0%+0%

Market Map

3 companies in this sector

CompanyTaglineTotal FundingLast RoundTeam SizeBackersAction
MNT-Halan
MNT-Halan
Egypt

MNT-Halan is Egypt’s largest and fastest growing lender to the unbanked.

$948M
Debt Financing
-
10,001+
No Data
Fido Ghana
Fido Ghana
Ghana

Fintech lender empowering individuals and MSMEs with digital financial access.

$75M
Debt Financing
-
51-200
No Data
Tanda
Tanda
Kenya

Tanda is a Kenyan fintech startup working to revolutionize access to digital financial services for micro-retilers across Africa.

$20M
Seed
-
51-200
No Data