RankingFintech · Kenya · 2022 Funding
Top Funded FinTech Startups in Kenya of 2022
18 companies with $91.6M in 2022 funding between them. TerraPay leads with $23.8M, followed by Tanda and Conduit ($17M).
- 2022 Funding
- $91.6M
- 18 companies
- Median per company
- $1.9M
- average $5.4M
- Top 3 share
- 45%
- TerraPay alone 26%
- Backer relationships
- 124
- across the 18
| # | Company | 2022 Funding |
|---|---|---|
| 1 | TerraPay simplifies global money movement – by providing a single connection to the most expansive cross-border payments network. | $23.8M |
| 2 |  Tanda is a Kenyan fintech startup working to revolutionize access to digital financial services for micro-retilers across Africa. | |
| 3 |  Conduit enables businesses to simply and cheaply move money between Latin America, Africa, China and the US at scale. | $17M |
| 4 |  Lipa Later is a digital lending marketplace providing "buy now pay later" services. | $12M |
| 5 |  Pyypl is a blockchain technology-based fintech providing digital payments and financial services for smartphone users. | $11M |
| 6 |  Untapped Global is connecting global investors to the most promising investment opportunities in Africa and other emerging markets | $10.3M |
| 7 |  Watu Credit Limited offers asset financing (motorcycles and three-wheelers) and group lending products (short-term and business loans) | $7M |
| 8 |  Credrails is building the open finance rails for Africa by connecting various data sources into a single api for a variety of use cases. | $2.5M |
| 9 |  Koa is a an App based platform that helps you save and grow your money at the tap of a button | $2.4M |
| 10 | Hakki Africa is a Kenya-based FinTech startup that provides microfinance services for small and medium-sized enterprises. | $1.9M |
| 11 |  Churpy is on a mission to make managing receivables operations secure and scalable for finance teams and developers. | $1M |
| 12 |  Alvin is a smart money manager that helps people align their daily spending behaviors with their savings goals. | $740K |
| 13 |  Kotani Pay enables blockchain protocols, dapps and blockchain fintech companies to integrate seamlessly to local payment channels in Africa. | $600K |
| 14 |  FinAccess is a Kenyan startup that provides banking software for microfinance organisations. | $500K |
| 15 |  Paycloud empowers African SMEs with digital banking, smart POS, and AI-driven financing solutions. | $400K |
| 16 |  Incourage enables agents to earn passive income by selling insurance via a digital platform. | $350K |
| 17 |  Nobuk is a payments reconciliation company enabling groups and collectives in Africa to automate payment collection. | $85K |
| 18 | hela.money aims to digitise the way money moves and flows in the global economy. | $50K |
All 18 shown · generated 16 Feb 2026
Missing a company? Submit itFrequently asked about Top Funded FinTech Startups in Kenya of 2022
- Which company leads Top Funded FinTech Startups in Kenya of 2022?
- TerraPay, with $23.8M, 26% of the $91.6M on this list. Tanda is second.
- How much did the companies on this list raise?
- $91.6M across 18 companies. The median company raised $1.9M. The top three took 45% of the total.
- Which cities are they based in?
- Nairobi (16 companies), Mombasa (1) and Westlands (1).
- How is this list built?
- This cohort contains startups classified as Fintech in Kenya and is ranked by total USD funding announced in 2022. Funding values are limited to 2022; latest-round and company details reflect the most recent tracked data.
