RankingFintech · Kenya · 2024 Funding
Top Funded FinTech Startups in Kenya of 2024
8 companies with $111.5M in 2024 funding between them. TerraPay leads with $95M, followed by Mogo Auto ($10M) and Conduit ($6M).
- 2024 Funding
- $111.5M
- 8 companies
- Median per company
- $100K
- average $13.9M
- Top 3 share
- 100%
- TerraPay alone 85%
- Backer relationships
- 48
- across the 8
| # | Company | 2024 Funding |
|---|---|---|
| 1 | TerraPay simplifies global money movement – by providing a single connection to the most expansive cross-border payments network. | $95M |
| 2 |  Mogo is a Kenyan vehicle financing company. | $10M |
| 3 |  Conduit enables businesses to simply and cheaply move money between Latin America, Africa, China and the US at scale. | $6M |
| 4 |  Lipa Later is a digital lending marketplace providing "buy now pay later" services. | $100K |
| 5 |  Paycloud empowers African SMEs with digital banking, smart POS, and AI-driven financing solutions. | $100K |
| 6 | Chumz.io is a savings platform that is revolutionising the savings culture in Africa. | $100K |
| 7 |  Lemonade Payments is a fintech company simplifying business transactions with seamless payments, transfers, and financial tools. | $100K |
| 8 |  iFunza is a parent‑engagement super‑app connecting families and schools through integrated services. | $100K |
All 8 shown · generated 16 Feb 2026
Missing a company? Submit itFrequently asked about Top Funded FinTech Startups in Kenya of 2024
- Which company leads Top Funded FinTech Startups in Kenya of 2024?
- TerraPay, with $95M, 85% of the $111.5M on this list. Mogo Auto is second ($10M).
- How much did the companies on this list raise?
- $111.5M across 8 companies. The median company raised $100K. The top three took 100% of the total.
- Which cities are they based in?
- Nairobi (7 companies) 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 2024. Funding values are limited to 2024; latest-round and company details reflect the most recent tracked data.
