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Top 100 African Startups by Total Fundings

Explore the top 100 African startups ranked by total disclosed funding.

Combined Funding
$30.9B
Average Funding
$309M
Companies
100
Countries
14

Market Map

100 companies in this list

RankCompanyHQ LocationTotal FundingFounded
1
Aspen Pharmacare
Aspen PharmacareAspen Pharmacare is a global supplier of branded and generic pharmaceutical products.
South Africa$3.8B1850
2
Zipline
ZiplineZipline is a Rwandan startup which delivers medical supplies using automated drones.
Rwanda$2.1B2014
3
Tabby
TabbyTabby creates financial freedom in the way people shop, earn and save by reshaping their relationship with money.
Egypt$1.9B2019
4
Sun King
Sun KingSun King designs, distributes and finances Sun King solar home energy solutions to households and businesses who lack reliable access to the grid.
Kenya$989M2009
5
Zepz
ZepzZepz is unlocking the prosperity of cross-border communities through finance and technology.
Somalia$961M2021
6
MNT-Halan
MNT-HalanMNT-Halan is Egypt’s largest and fastest growing lender to the unbanked.
Egypt$948M2018
7
d.light
d.lightd.light is an international Energy startup that serves people without access to reliable electricity.
Kenya$815M2007
8
Jumia
JumiaJumia Group is an e-commerce ecosystem that provides innovative, convenient, and affordable online goods and services to consumers.
Nigeria$805M2012
9
Steinhoff International
Steinhoff InternationalSteinhoff is an integrated retailer that manufactures, sources, and retails furniture and household goods in Europe, Africa and Australia.
South Africa$654M1964
10
IHS Towers
IHS TowersIHS is a mobile telecommunications infrastructure provider.
Nigeria$652M2001
11
OPay
OPayOPay empowers users and enables them to accomplish more with their money by providing smart financial services.
Nigeria$570M2018
12
M-KOPA
M-KOPAM-KOPA has connected more than 500,000 homes in Kenya, Tanzania and Uganda to solar power, with over 500 new homes being added every day.
Kenya$561M2011
13
dLocal
dLocaldLocal enables global merchants to accept and send payments across emerging markets via one API.
South Africa$548M2016
14
Promasidor
PromasidorPromasidor is the leading provider of high-quality food products across various regions in Africa
South Africa$532M1979
15
TymeBank
TymeBankTymeBank is a South African fully black-owned and controlled investment company.
South Africa$528M2012
16
Flutterwave
FlutterwaveThe easiest way to make and accept payments from customers anywhere in the world.
Nigeria$485M2016
17
Moove
MooveMoove is a Nigerian mobility fintech that provides revenue-based vehicle financing to mobility entrepreneurs across Africa.
Nigeria$447M2019
18
Wave Mobile Money
Wave Mobile MoneyWave Mobile Money is a Senegalese startup which provides an app-based financial solution to save, transfer, and borrow money.
Senegal$439M2017
19
Andela
AndelaAndela is an engineering-as-a-service business that helps companies build remote teams quickly and cost-effectively.
Nigeria$381M2014
20
Cassava Technologies
Cassava TechnologiesEnabling social mobility and economic prosperity through technology in Africa.
South Africa$360M2021
21
Tala
TalaTala is a financial technology company on a mission to build a financial system that works for everyone.
Kenya$349M2011
22
Glovo
GlovoGlovo is a courier service that purchases, picks up, and delivers products ordered through its mobile application.
Kenya$336M2015
23
Hollard Insurance
Hollard InsuranceHollard Insurance is an insurance agency selling house, car, business and funeral insurance.
South Africa$327M1980
24
Zola Electric
Zola ElectricZOLA Electric is a Silicon Valley startup democratizing clean energy access and smart storage power solutions.
Nigeria$306M2011
25
Teraco Data Environments
Teraco Data EnvironmentsTeraco Data Environments is a network and hosting company providing vendor neutral data centers in South Africa.
South Africa$304M2007
26
Chipper Cash
Chipper CashChipper cash is the largest mobile cross-border money transfer platform in Africa.
Ghana$302M2017
27
Mediclinic
MediclinicMediclinic is a private hospital group with three operating platforms in Southern Africa (South Africa and Namibia)
South Africa$300M1983
28
Moniepoint
MoniepointMoniepoint provides a seamless platform to accept payments digitally, receive credit and access business management tools.
Nigeria$293M2015
29
M Auto
M AutoM Auto offers sustainable transportation offering ‘mobility as a service’ on the African continent,
Togo$287M2019
30
CrossBoundary Energy
CrossBoundary EnergyCrossBoundary Energy offers fully financed, customized clean energy solutions for business.
Kenya$285M2022
31
Go1
Go1Go1 is a South African eLearning startup which offers digital learning for entire workforce.
South Africa$280M2015
32
JUMO
JUMOJUMO is a technology platform, developed for building and running financial services.
South Africa$274M2014
33
Bayport Financial Services
Bayport Financial ServicesBayport Management Limited, through its subsidiaries, provides retail financial services in the Republic of Mauritius and internationally.
Mauritius$263M2001
34
TerraPay
TerraPayTerraPay simplifies global money movement – by providing a single connection to the most expansive cross-border payments network.
Kenya$257M2014
35
Swvl
SwvlSwvl is revolutionising the transportation scene in emerging markets, through providing a technology based alternative to public transportation
Egypt$255M2017
36
Pepkor
PepkorPepkor is a South African based investment holding company with retail interests in Africa, Australia and Eastern Europe.
South Africa$239M1965
37
Tracker Connect
Tracker ConnectTracker Connect provides vehicle safety solutions such as vehicle tracking, stolen vehicle recovery systems, and fleet management
South Africa$234M1996
38
Yassir
YassirYassir is a transport service that uses smartphone app and allows everyone to book drivers and move around safely.
Algeria$218M2016
39
MFS Africa
MFS AfricaCross-border, cross-currency, cross-network payments.
South Africa$215M2009
40
Lumos
LumosLumos is a Clean Energy company and a leading provider of high-quality solar home systems that is revolutionising the African market.
Nigeria$212M2012
41
Takealot
TakealotTakealot.com’s mission is to be the most customer-centric online shopping destination in Africa.
South Africa$212M2010
42
Thunes
ThunesThunes is a B2B company that powers payments for the world’s fastest-growing businesses.
Kenya$202M2016
43
SolarAfrica Energy
SolarAfrica EnergySolarAfrica Energy is a South African Energy startup that provides simple sustainable solutions.
South Africa$192M2011
44
valU
valUvalU is a Buy-Now, Pay-Later lifestyle enabling solution which empowers customers' shopping experience.
Egypt$192M2017
45
Enterprise Group
Enterprise GroupThe Enterprise Group gives you a range of products for any life and non-life insurance, as well as pension needs.
Ghana$180M2008
46
Husk Power Systems
Husk Power SystemsHusk Power Systems provides reliable power to rural communities and businesses, entirely from renewable energy sources
Nigeria$169M2008
47
Bboxx
BboxxBboxx is an African-focused next generation utility startup which provides access to affordable clean energy.
Dr Congo$161M2010
48
Lendable
LendableLendable is the leading provider of debt to fintechs in emerging and frontier markets.
Kenya$161M2014
49
H2O Securities
H2O SecuritiesH2O Securities is Solving Water Scarcity Through Blockchain Finance
South Africa$150M2021
50
Twiga Foods
Twiga FoodsTwiga Foods is a business-to-business marketplace platform that sources produce directly from farmers and delivers it to urban retailers.
Kenya$146M2013
51
Planet42
Planet42Access to mobility for the underbanked
South Africa$145M2017
52
Sokowatch
SokowatchWasoko (formerly Sokowatch) is transforming communities across Africa by revolutionizing access to essential goods and services.
Kenya$144M2013
53
CASHPLUS
CASHPLUSEmpowering Morocco with CashPlus: Your Trusted Fintech Partner for Seamless Money Transfers, Currency Exchange, and Financial Services Nationwide.
Morocco$142M2004
54
PalmPay
PalmPayPalmPay is a simple and secure payment app that give rewards.
Nigeria$140M2019
55
Tasaheel
TasaheelTasaheel is a financing company for micro-projects with easy and simple payment systems.
Egypt$138M2015
56
BURN
BURNBURN is a Kenyan clean energy startup working to create the world’s most efficient biomass, liquid fuel, and electric cookstoves.
Kenya$135M2011
57
TradeDepot
TradeDepotTradeDepot enables manufacturers and key distributors keep their brands in stock on the shelves of millions of retail stores across Africa.
Nigeria$123M2015
58
AgriProtein
AgriProteinAgriprotein specializes in nutrient recycling to create sustainable sources of protein for the mono-gastric animal feed industry.
South Africa$123M2008
59
Fawry
FawryFawry is the leading Egyptian platform for digital transformation & e-payments
Egypt$122M2008
60
Interswitch
InterswitchInterswitch is an Africa-focused integrated digital payments and commerce company.
Nigeria$121M2002
61
Lemonade Finance
Lemonade FinanceLemonade Finance is a Nigerian multi-currency payments solution.
Nigeria$120M2020
62
Gro Intelligence
Gro IntelligenceGro Intelligence is an AI-powered insights company that provides decision-making analytics to the agriculture economies and their participants.
Kenya$119M2014
63
Sistema.bio
Sistema.bioSistema.bio is a hybrid reactor biodigester that transforms the manure of animals into biogas and a potent, natural fertilizer.
Kenya$110M2010
64
Clickatell
ClickatellClickatell gives consumers the power to manage their daily lives and transact with businesses in chat.
South Africa$109M2000
65
Stitch
StitchStitch is a South African fintech platform building API to make Africa a world-leader in fintech.
South Africa$107M2020
66
InstaDeep
InstaDeepInstaDeep is a Tunis-based AI startup which provides self-learning decision making systems.
Tunisia$107M2015
67
Yoco
YocoYoco is a point-of-sale payments provider for small businesses in Africa.
South Africa$106M2013
68
Helios Towers
Helios TowersHelios Towers (HT) enables mobile operators to roll out and enhance coverage in high-growth markets.
Dr Congo$105M2012
69
mPharma
mPharmamPharma offers solutions to health insurance and pharmaceutical companies to make it easier for patients to afford their medications.
Ghana$104M2013
70
Copia Global
Copia GlobalCopia Global provides a consumer catalog order and delivery system intended to serve consumers in the developing world.
Kenya$103M2012
71
Edita Food Industries
Edita Food IndustriesEdita Food Industries manufactures croissants, cakes, bakery products and distributes imported sweeteners, olive oils and pasta.
Egypt$102M1996
72
MaxAB
MaxABMaxAB is a B2B e-commerce marketplace that connects food and grocery retailers to suppliers in Egypt’s most under-served geographies.
Egypt$101M2018
73
Crossboundary
CrossboundaryCrossBoundary is a mission driven investment firm that unlocks the power of capital for sustainable growth and strong returns in underserved markets.
Kenya$100M2011
74
CSquared
CSquaredCSquared builds metro fiber and Wi-Fi networks to help local providers connect more people to the Internet and each other
Kenya$100M2013
75
SA Taxi
SA TaxiSA Taxi is a vertically integrated company servicing the minibus taxi industry.
South Africa$100M1998
76
MainOne
MainOneMainOne is a telecommunications startup aimed at enabling West Africa's digital economy.
Nigeria$100M2007
77
Ethomed
EthomedEthomed develops treatments for neglected diseases.
South Africa$100M2015
78
Oragroup SA
Oragroup SAOragroup SA provides personal and business banking services.
Togo$100M1988
79
Fido
FidoFido is an Africa-focused credit first neobank for the unbanked
Ghana$95M2014
80
Flow48
Flow48Flow48 enables SME growth by transforming future revenues into up-front capital under flexible terms.
South Africa$94M2022
81
Kuda Bank
Kuda BankKuda Bank is designed for your smartphone, free of ridiculous charges and great at helping you budget, spend smartly and save more.
Nigeria$92M2018
82
Paymob
PaymobPaymob runs millions of transactions for different business sizes across the Middle East and Africa.
Egypt$91M2015
83
Yellow Card
Yellow CardYellow Card Financial is a digital currency exchange for the cash market.
Nigeria$90M2016
84
Daystar Power
Daystar PowerSolar power and Energy efficiency solutions for businesses
Nigeria$89M2017
85
MAX.NG
MAX.NGMAX (Metro Africa Express) is on a mission to fix Africa’s notorious last-mile delivery and online-retail problems.
Nigeria$88M2015
86
caif
caifcaif is a provider of training services intended to break down the barriers of hiring by offering appropriate training courses.
Senegal$88M2003
87
Breadfast
BreadfastBreadfast is your one-stop shop for bakeries, groceries, fruits & veggies!
Egypt$88M2017
88
RapidDeploy
RapidDeployRapidDeploy is a South African Cloud-based Computer Aided Dispatch (CAD) and Analytics platform.
South Africa$86M2014
89
Sama
SamaSama provides high-quality training data that powers AI technology.
Kenya$85M2008
90
WeBuyCars
WeBuyCarsWebuycars is South Africa's one-stop service to either SELL or BUY a vehicle.
South Africa$85M2001
91
African Leadership Academy
African Leadership AcademyAfrican Leadership Academy (ALA) is a pre-eminent educational institution that seeks to transform Africa
South Africa$83M2008
92
SunFunder
SunFunderSunFunder is unlocking debt capital for solar energy access & climate change
Kenya$81M2012
93
Nawy
NawyNawy is Egypt's proptech which allows users to browse houses online using customisable criteria.
Egypt$80M2016
94
Beloxxi
BeloxxiBeloxxi is a Nigerian distributer and importer of branded biscuits from an international source.
Nigeria$80M1994
95
Konga
KongaKonga Online Shopping is a Nigerian online shopping website selling books, home appliances, mobile phones, groceries, and others.
Nigeria$80M2012
96
Lulalend
LulalendLulalend is an online lending company that provides fast and easy working capital funding to small businesses in South Africa.
South Africa$77M2014
97
Wetility
WetilityWetility enables you smartly generate solar power on your rooftop, then seamlessly store, release and monitor clean energy to your home or business.
South Africa$76M2019
98
Fido Ghana
Fido GhanaFintech lender empowering individuals and MSMEs with digital financial access.
Ghana$75M2014
99
BasiGo
BasiGoBasiGo is a Kenyan early-stage e-mobility start-up creating the future of clean, electric public transit in Africa.
Kenya$73M2021
100
Juhayna
JuhaynaJuhayna Food Industries is a leading Egypt-based manufacturer of milk, yoghurt, juice and juice concentrate.
Egypt$73M1983

Showing 100 of 100 companies