Credpal is an innovative solution that allows businesses and individuals to buy anything and pay for it in installments across online and offline merchants by providing them with access to credit at the point of checkout. It provides a platform that offers transparency in services facilitating users to set up their accounts and choose their payment plan to minimize risk and connect to multiple financial institutions that provide credit for customers. Credpal was launched in 2018 by Fehintolu Olaogun and Olorunfemi Jegede and is headquartered in Lagos, Nigeria.
MarketForce is a US, Kenya and Nigeria-based technology company that is building the SuperApp for Africa's 100 million merchants. MarketForce provides an all-inclusive B2B Commerce and Fintech platform (dubbed “RejaReja” – Swahili for ‘retail’) that empowers merchants in Africa to source, order and pay for inventory digitally and conveniently, access financing, collect digital payments and make extra money by reselling digital financial services such as airtime, electricity tokens and bill payments. Launched in 2018, MarketForce is a fast-growing YC backed company running an asset-light business model and is currently operational in 5 markets in Sub-Saharan Africa, with over 200,000 merchants and 50 consumer brands trading on the platform.
LipaLater is a lending marketplace that provides postpaid payments at e-commerce stores.
Kuunda provides liquidity management and data insight tools enabling users to fulfill financial needs through a digital platform. Kuunda's liquidity solutions are tools that anyone can use to maintain their standard of living, grow their businesses, and build economic resilience. Kuunda assists clients in increasing network productivity and expanding the usage and distribution of their products, resulting in real, measurable results.
Yellow Card is the largest and first licensed Stablecoin on/off ramp on the African continent, providing individuals and businesses of all sizes across 20 countries with secure and cost-effective methods to buy and sell USDT, USDC, and PYUSD via their local currency, directly and through its payments API. Yellow Card has facilitated over US$3 billion in transactions across Africa,
Pezesha is a digital financial marketplace that connects SMBs to working capital, float financing, and LPO financing. It aims to be the first Africa-focused digital financial marketplace that converges lending amongst other financial services and products for both borrowers, lenders, and investors, facilitating a shared economy. The company was founded in 2016 and is based in Nairobi, Kenya.
GetEquity is providing RWA tokenization to traditional asset management. We facilitate the tokenization and trade of investment products through our platform, and provide alternative asset investment API
MarketForce is a US, Kenya and Nigeria-based technology company that is building the SuperApp for Africa's 100 million merchants. MarketForce provides an all-inclusive B2B Commerce and Fintech platform (dubbed “RejaReja” – Swahili for ‘retail’) that empowers merchants in Africa to source, order and pay for inventory digitally and conveniently, access financing, collect digital payments and make extra money by reselling digital financial services such as airtime, electricity tokens and bill payments. Launched in 2018, MarketForce is a fast-growing YC backed company running an asset-light business model and is currently operational in 5 markets in Sub-Saharan Africa, with over 200,000 merchants and 50 consumer brands trading on the platform.
GetEquity is providing RWA tokenization to traditional asset management. We facilitate the tokenization and trade of investment products through our platform, and provide alternative asset investment API
Sabi is a provider of digital infrastructure for the distribution of goods and services. Its platform enables and empowers underserved merchants in the world, allowing agents, merchants, aggregators, distributors, and manufacturers to expand their capabilities and grow their businesses using Sabi’s technology rails. These rails provide access to inventory, commodities, logistics, business tools, data insights, and financial services.
Despite the availability of online and mobile payment applications from Banks, Telcos and financial technology companies (Fintechs) over 90% of payments are still made by cash & cheques. This is because no application currently offers sufficiently compelling features to cause a shift away from traditional payment methods.Popote is a payments application that goes beyond fulfilling the transaction by providing compelling accounting and management features. It offers team collaboration, approval controls, income & expense accounting, VAT return, P&L and more. Popote is a replacement to cash, cheques and paper/excel based accounting. Popote Payments was established in 2013 by Sam Wanjohi, with the need to explore applications that enhance the growth and use of information technology in and for Africa. It is based in Nairobi.
Credpal is an innovative solution that allows businesses and individuals to buy anything and pay for it in installments across online and offline merchants by providing them with access to credit at the point of checkout. It provides a platform that offers transparency in services facilitating users to set up their accounts and choose their payment plan to minimize risk and connect to multiple financial institutions that provide credit for customers. Credpal was launched in 2018 by Fehintolu Olaogun and Olorunfemi Jegede and is headquartered in Lagos, Nigeria.
Figorr is a provider of cold chain solutions that specializes in temperature-controlled products, temperature monitoring solutions, and cold chain services. Figorr focuses on understanding the unique challenges that each of the markets it serves faces.
Dapi is a fintech API play that is aimed at facilitating payments between consumer bank accounts and companies. That Dapi has managed to make its service work in seven countries with deep bank support is impressive and Dapi has found demand for its service, with $400,000 in ARR and growth of more than 50% per month as of its presentation.
Bankly is a digital savings and peer to peer transfer product where users fund their wallet using tokens available on Bankly vouchers nationwide in a “Recharge to save” model. This cash digitisation system is similar to the telco mobile airtime top up and is currently available on MTN and 9mobile networks in Nigeria. Financial services has to be seen through the lenses of a fast moving consumer product in order to reach the last mile and the use of vouchers has been proven to be a successful cash digitisation system by the telecoms industry. Leveraging this existing consumer behaviour to drive financial inclusion, reduce cost of financial services and create a foundation to provide other financial services is where Bankly identifies huge potential and is poised to make an impact.
Tanda is a fintech startup working to revolutionize access to essential digital financial services for MSME's across Africa. Through Tanda, micro-retailers can not only access inventory credit, but also become access points for essential services such as Airtime, Utility payments, M-banking & Insurance for their customers. For the longest time, shopkeepers have been the cradle for African communities. They supply over 70% of essential goods, worth over $180 Billion annually across the continent. It comes as a shock that despite their importance to local economies, over 90% of micro-retailers do not have any credit history nor access to financing from Banks or MFI's. Tanda plans to close this financing gap and drive financial inclusion for low income MSME's across the continent.
Helium Health is taking hospitals and clinics digital in Africa with a suite of software tools. It specializing in developing hospital software to manage patients’ health records and data. It helps hospitals digitize medical records, manage operations, and apply for financing; while providing a telemedicine solution to doctors. Using tech to build a modern and affordable healthcare system, Helium aims to be the largest healthcare data exchange in Africa.
Metro Africa Xpress, also known as MAX.ng, is a Lagos-based company that specializes in on-demand package pickup and delivery services. Incorporated in 2015, MAX.ng offers various delivery options including same day, three-hour, and next day services. The company addresses last-mile delivery challenges by utilizing mobile and web platforms to connect consumers, retail businesses, and independent drivers in real-time. By streamlining logistics and leveraging technology, MAX.ng aims to enhance the capabilities of retail businesses in Africa, facilitating growth and improving service delivery in the region. Additionally, the company provides a mobile application that integrates delivery services with ride-hailing options, further enhancing convenience for its users.
Rensource is a new type of energy company built as a financial services business. Rensource offers a turnkey business opportunity that allows qualifying companies throughout Nigeria and West Africa to start selling Power-as-a-Service (“PaaS”) to their customers. Rensource generates electricity using small solar-hybrid systems that are installed in the premises of the final customer. At the heart of Rensource lies an internal “bank”: a balance sheet financing the solar-hybrid systems, and a credit operation underwriting and servicing the monthly collections from final customers. Rensource´s mission is to make Nigeria the first country in the world relying predominantly on distributed renewables-based power generation.
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