MSME Startups in Africa

MSME lending remains a key growth area, with mobile-first fintechs like IMFact and Paylend disrupting traditional banks. Local business leaders cautiously welcome these players, recognizing the need for accessible financing. However, concerns linger about sustainability and the potential for over-indebtedness.

Total Sectors
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Market Map

2 companies in this sector

CompanyTaglineTotal FundingLast RoundTeam SizeBackersAction
IMFact
IMFact
Kenya

IMFact provides smart finance for Kenyan SMEs in the supply chain.

$4M
Seed
-
11-50
No Data
Paylend
Paylend
Kenya

Paylend is a fintech company enhancing business relationships by providing a digital footprint for the MSMEs and building local economies.

$2M
Seed
-
11-50
No Data