What industries are covered on StartupList Africa?

The page covers major sectors such as fintech, commerce, health, enterprise software, AI, climate, logistics, and other emerging technology categories.

How should investors use these sector pages?

Use sector pages to compare startup density, identify active categories, and prioritize verticals before drilling into startup and investor profile data.

Can operators use sector pages for market analysis?

Yes. Operators can use the sector map to benchmark competitive landscapes, evaluate adjacent categories, and spot partnership opportunities.

Home IndustriesNeobank

Neobank Startups in Africa

Neobanks in West Africa are gaining traction, offering innovative financial services to the underserved. Union54, Asante, and Sparkle are frontrunners, leveraging mobile technology for financial inclusion. Local business leaders see potential but also highlight challenges such as regulatory hurdles and competition from traditional banks.

Tracked Companies

Total Sectors

Market Map

13 companies in this sector

Company	Tagline	Total Funding	Last Round	Team Size	Backers
Lenco Nigeria	Lenco provides full-fledged current accounts for banking services and expense management for business growth.	-	Seed -	11-50	No Data
Plumter Nigeria	Plumter is helping to facilitate easy foreign payments and international banking for African businesses.	-	Seed -	2-10	No Data
Mekka Group Dr Congo	Mekka is revolutionizing financial services across Africa by building the continent’s first dedicated neobank for enterprises.	-	Funding Round -	11-50	No Data
Balad Egypt	Balad is a FinTech company that provides prepaid card solutions for underbanked family members of Egyptian migrants abroad.	-	Non-equity Assistance -	11-50	No Data
Union54 Zambia	Union54 is a member led association of African fintechs pulling together to dismantle borders and make money borderless.	$15M	Seed -	2-10	No Data
Asante Financial Services Group Kenya	Asante Financial Services Group is a Kenyan startup advancing financial independence of underserved small businesses and individuals in Africa.	$8M	Series A -	11-50	No Data

Sparkle Nigeria	Sparkle is a Nigerian FinTech platform that is creating a market place that makes it easy to achieve business outcomes.	$3M	Seed -	11-50	No Data
Yep! Nigeria	Yep! is the financial super app for Africans, created with the mission of providing financial possibilities for all Africans.	$2M	Pre-seed -	11-50	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
Trade Lenda Nigeria	Trade Lenda is building a digital bank for the underserved starting with MSMEs across emerging markets today with access to credit.	$726K	Grant -	2-10	No Data
PaySika Cameroon	PaySika is the first neo-bank in Africa to offer banking services on popular messengers	$348K	Pre-seed -	2-10	No Data
Fingo Kenya	Fingo is providing an alternative brand of banking to African millennials, starting from Kenya.	$125K	Seed -	2-10	No Data
NylaBank Ghana	NylaBank pioneers Africa’s first digital Islamic bank, expanding ethical financial inclusion.	$100K	Grant -	1-10	No Data

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