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Neobanks Startups in Africa

Neobanks in West Africa are gaining traction but face challenges. Fido, Fintech Farm, Nexta have strong offerings but limited reach. Local business leaders are cautiously optimistic, seeing potential but also concerns over regulation and sustainability.

Avg. Deal Size
$12.3M+0%
Active Startups
5+0%
Total Funding
$110.6M+0%
Avg. Growth
0%+0%

Market Map

5 companies in this sector

CompanyTaglineTotal FundingLast RoundTeam SizeBackersAction
Aku
Aku
Nigeria

Banking made simple for everyone with Aku

-
Funding Round
-
11-50
No Data
Fido
Fido
Ghana

Fido is an Africa-focused credit first neobank for the unbanked

$95M
Series B
-
51-200
No Data
Fintech Farm
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
Nexta
Nexta
Egypt

Nexta is an Egypt-based fintech and next-generation banking platform

$5M
Seed
-
11-50
No Data
Aladdin Digital Bank
Aladdin Digital Bank
Nigeria

Aladdin is a Nigerian open digital bank that provides financial services for underserved Africans.

$4M
Debt Financing
-
51-200
No Data