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Mobile Wallet Startups in Africa

Mobile wallets gaining traction in West Africa, with players like Ocra leading the charge. Local businesses see it as a convenient and cost-effective way to reach customers. Key challenges include low smartphone penetration and interoperability issues.

Avg. Deal Size
$3.3M+0%
Active Startups
2+0%
Total Funding
$6.5M+0%
Avg. Growth
0%+0%

Market Map

2 companies in this sector

CompanyTaglineTotal FundingLast RoundTeam SizeBackersAction
Nairagram
Nairagram
Nigeria

Nairagram is a US-headquartered remittance service for Nigerians in diaspora.

$7M
Debt Financing
-
11-50
No Data
Ocra
Ocra
Egypt

Ocra is a micropayment mobile wallet that helps riders and drivers of public transportation exchange the service fees cashlessly

$27K
Pre-seed
-
2-10
No Data