How much funding have SME startups in Africa raised?

SME startups in Africa have raised $244.2M in disclosed funding.

Who invests in SME startups in Africa?

54 Collective has backed 2 SME startups, followed by Digital Africa (2) and Launch Africa (2).

SME Startups in Africa

StartupList Africa tracks 11 SME startups across Africa, which have raised $244.2M in disclosed funding. Nigeria has the most, with 4, followed by Egypt (2) and Ghana (2).

Updated 7 Oct 2026

Tracked Companies

Avg. Deal Size

$15.3M

Active Startups

Total Funding

$244.2M

Avg. Growth

-100%

SME companies

11 companies in this sector

Submit startup

Company	Tagline	Total Funding	Last Round	Team Size	Backers
WallX Nigeria	WallX is a Nigerian FinTech which offers fast and secure B2B Payment Solution for African Businesses	-	Grant -	11-50	No Data
NEAT Microcredit Nigeria	NEAT Microcredit is empowering entrepreneurs in Nigeria through collateral-free loans,	-	Seed -	51-200	No Data
Agel Egypt	Agel is Egypt’s First Islamic Fintech; aiming to provide alternative financing solutions that cater MSMEs unique needs.	-	Pre-seed -	11-50	No Data
Tasaheel Egypt	Tasaheel is a financing company for micro-projects with easy and simple payment systems.	$138M	Funding Round -	10,001+	No Data
Flow48 South Africa	Flow48 enables SME growth by transforming future revenues into up-front capital under flexible terms.	$94M	Series A -	11-50	No Data
Zuvy Nigeria	Zuvy provides software for vendors and their buyers to settle invoices and manage payment schedules.	$5M	Debt Financing -	11-50	No Data

Pivo Nigeria	Pivo is a Nigerian credit-focused financial Services platfrom for supply chain small businesses.	$3M	Seed -	11-50	No Data
Liquify Ghana	Liquify is an invoice financing platform connecting African SMEs with global capital markets.	$2M	Seed -	2-10	No Data
REasy Cameroon	REasy enables fast, secure cross-border payments for African SMEs and global suppliers.	$2M	Pre-seed -	2-10	No Data
Paycloud Africa Kenya	Paycloud empowers African SMEs with digital banking, smart POS, and AI-driven financing solutions.	$850K	Grant -	1-10	No Data
Boost Ghana Ghana	Boost Ghana is Ghanian startup which provide digital solutions to support small and medium enterprises in Ghana.	$120K	Funding Round -	2-10	No Data

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SME startups by country

SME startups in Nigeria4

Top SME investors in Africa

SME startups: quick facts

How many SME startups are there in Africa?: StartupList Africa tracks 11 SME startups across Africa.
How much funding have SME startups in Africa raised?: SME startups in Africa have raised $244.2M in disclosed funding.
Which African countries have the most SME startups?: Nigeria has the most, with 4, followed by Egypt (2) and Ghana (2).
Who invests in SME startups in Africa?: 54 Collective has backed 2 SME startups, followed by Digital Africa (2) and Launch Africa (2).