Top 100 Fintech Platforms in Africa
The Scrums.com Heartbeat index of Africa's leading fintech platforms. Every platform is reviewed by our product design team — expert UI/UX assessment, functionality testing and a Scrums.com rating. First published 2022; the directory is refreshed on an annual research cycle as platforms evolve.
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The fintech software industry in Africa
With an ever-changing and constantly developing economic climate, financial technology platforms are racing to keep in tune with an increasingly digital financial world. With Scrums.com's over a decade of expertise in scaling fintech platforms, we've seen the companies that are currently dominating the African fintech space.
At Scrums.com, we are committed to promoting innovation and growth in the African fintech industry. As a leading software development company in Africa, we understand the potential of technology to transform the financial landscape and improve lives. That is why we publish the Scrums.com Heartbeat — think a Forbes Top 100 list, but for fintech companies in Africa. For over a decade we have helped tech businesses scale with world-class software across the African fintech space.
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How we pick platforms for the Heartbeat list
Our product design team assesses each platform against three review dimensions. The list was first published in 2022 and is refreshed annually — profiles, reviews and ratings are updated as platforms evolve, so the directory stays evergreen rather than pinned to a year.
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Expert UI/UX
These fintech platforms combine the latest UX and UI trends, strategy, technology, data and design to solve the most complex business challenges.
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Platform functionality
World-class platforms need to perform optimally on web and mobile to ensure the best user experience — we test responsiveness, speed and cross-device behaviour.
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Scrums.com ratings
As a leading software development company in Africa, we review and rate each platform against our rigorous engineering and product standards.
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The top 100 fintech platforms in Africa
AeroboticsAerobotics is an insurance company that offers high-resolution plant data, better policies, with extraordinary precision about…
AfexAFEX harnesses Africa’s commodities and talent to build shared wealth and prosperity. Their infrastructure and platform…
AirbuyAirbuy is an alternative payment that allows e-commerce sites to accept payments without their customers exposing their banking…
Akiba DigitalAkiba Digital enables the extension of lending credit to the underserved SMME and Individual market that cannot be scored with…
Alternative CircleCreating long-term value by investing time and capital in high impact industries of the future
AnkerpayAnkerpay is a South African fintech platform delivering digital financial services to individuals and small businesses. With a…
Arcus CapitalArcus Capital has created a robo advisor with advanced investment algorithms that trawl the market and analyse them using big…
Awamo 360Awamo empowers customers to take their business to the next level, through Microfinancing, where financial services become…
BambooBamboo is an investment platform that gives Africans the tools to build wealth from the ground up through real-time access to the…
BankservBankServ Africa is a regional clearing house and authorised Payment Service Organisation (PSO) in South Africa, providing payment…
BaobabBaobab provides financial services to half a million micro entrepreneurs and small businesses, fulfilling its mission of…
BitFundBitFund is an online cryptocurrency investment platform. We provide safe, easy, and compliant access to a wide range of…
BranchBranch is revolutionising banking in emerging markets by bringing world class financial services to smartphone users in the…
Bright On CapitalBright On Capital is a peer-to-peer online enterprise-lending platform for SMEs to raise working capital funding from lenders.…
Causal NexusCausal Nexus is a technology company based in South Africa that builds next generation payment systems. The company has extensive…
CenfriCenfri is one of Africa’s leading economic impact agencies, seeking to boost economic growth and increase the benefits from…
ChakaChaka is committed to powering digital borderless investing for African businesses and individuals. Chaka is licensed by SEC to…
ChipperGlobal remittances into Africa has always been a lifeline for most Africans. There's no gainsaying the fact that a lot of…
CrowdInvestCrowdinvest is the disruptive innovation that will redefine the way democratisation of investment happens. We are making private…
CryptovecsCryptovecs Capital is a black-owned African Investment and Technology company, headquartered in Johannesburg, that invests in…
DelterWe deliver innovation that matters. We make our customer’s business outcomes stick by implementing and orchestrating technology…
Easy EquitiesBuy shares on SA’s cheapest platform! Minimums and platform fees, we don’t got ‘em. Intimidating jargon, not welcome. Tricky…
ElectrumMajor retailers, banks, telcos, and insurers rely on our transaction platform to process consumer payments, including the…
FawryFawry is the Leading Egyptian Digital Transformation and E-Payments Platform, offering financial services to consumers and…
FCB.aiWe conversational AI solutions to help financial service providers acquire & retain customers. FCB.ai is the conductor of a…
FedgroupWe deliver innovation that matters. We make our customer’s business outcomes stick by implementing and orchestrating technology…
Finch TechnologiesFinch Technologies is a leading financial technologies business that builds solutions for companies operating in developing…
FlashAt a Flash Shop you can safely, easily, and conveniently sell, buy and top up your favourite digital products right in your…
Flutterwave Inc.Developed in Nigeria, Flutterwave provides a payment platform for global merchants, and service providers across Africa. With the…
Inclusivity SolutionsWe design, build and operate digital insurance businesses in emerging markets. supported by Open APIs to enable insurers and…
InterswitchInterswitch is an Africa-focused integrated digital payments and commerce company that facilitates the electronic circulation of…
InvestecInvestec is a South African financial services group that offers a comprehensive range of banking, wealth, and investment…
JemJemHR (formally Smart Wage), helps employers send payslips, process leave requests and communicate with frontline employees in…
JumoJUMO is the market leading banking as a service platform, enabling real-time access to funds at the lowest possible operating cost
LamiLami is an innovative technology platform that enables the distribution, servicing, and exceptional growth of sophisticated…
LendableLendable provides capital to emerging and frontier market fintech companies and provides technology, asset management, and…
Lipa paymentsLipa Payments is a payment software solution for banks and fintech's that allows small merchants to accept digital payments using…
LulalendLulalend is an online lending company that provides fast and easy working capital funding to small businesses in South Africa.…
LunoDeveloped in South Africa, Luno makes buying, selling, storing and selling cryptocurrencies easy and accessible to all. Their…
M-Kopa GlobalM-KOPA is a connected asset financing platform that offers millions of underbanked customers access to life-enhancing products…
MeerkatMeerkat is a financial wellness business committed to making a real difference in the financial lives of its customers. Based out…
Merchant CapitalMerchant Capital is an alternative provider of working capital for small and medium entrepreneurs. Based out of Johannesburg,…
MomintMomint is a decentralised platform for capturing and tokenising special moments in the form of Non-Fungible Tokens (NFTs). The…
MonoMono empowers the digital economy in Africa, using open banking as a layer for financial data, identity data, and bank transfer…
Mortgage MarketMortgageMarket is Africa's first independent online marketplace for home loans. They provide the best home buying experience…
MukuruDeveloped in South Africa, Mukuru is a market leader in the field of digital money transfers, and both affordable & reliable…
Naked InsuranceNaked Insurance provides instant, honest insurance at game-changing prices. It is the new way to insure your stuff.
NaspersNaspers is a global consumer internet group and one of the largest technology investors in the world. Operating and investing in…
NedbankNedbank is a leading South African financial services provider, offering a comprehensive range of financial services including…
NetcashNetcash specialises in providing secure, online transaction processing services for SMEs in South Africa. With more than 18 years…
Nifty CreditNiftycover provides you with the insurance cover you need to be able to financially protect yourself and your loved ones for the…
NombaWe are building an ecosystem that simplifies how businesses accept payments, make payments and manage operations.
OctobaseThe mobile banking platform for the decentralized economy Based out of Gauteng, South Africa
Okra IncOkra, Inc. of Nigeria designs and develops software. The Company offered a platform that allows users to connect bank accounts…
OnafriqSimple and relevant mobile financial services. Africa's largest mobile money aggregator. Onafriq is a digital payment company…
Ooba Home Loansooba pioneered mortgage origination in South Africa and now offers a range of solutions to homebuyers. As South Africa's leading…
OPay Co IncThis Africa-focused fintech startup raised nearly half a billion dollars ($400 precisely) in 2021. All that money would be used…
PagaPaga is a mobile payment company. We are building an ecosystem to enable people to digitally send and receive money, and creating…
Palm payWe're here to make your payment experience rewarding and convenient. Transfer money, pay for your bills and shopping and earn…
PatriciaPatricia is an alternative payment solutions company that facilitates the easy use of cryptocurrencies for everyday transactions.…
PayGatePayGate offers leading payment services to enterprise companies worldwide. We enable businesses and individuals across the…
PaymenowPaymenow Group is an employee benefits platform that offers users early access to earned wages at affordable rates. a financial…
PaymobPaymob is an infrastructure technology enabler that provides a suite of financial technology solutions to empower financial…
PaystackPaystack was developed in Nigeria, and allows users to get paid anywhere, anytime globally, both online and offline. It…
PesazonePesazone are an online lender providing instant unsecured loans to trustworthy individuals
PiggyvestThe Nigerian fintech app helps you to save, and it is doing a pretty good job at this. Little wonder usage is skyrocketing, with…
PineappleFrom South Africa and underwritten by Old Mutual Insure – one of the most trusted brokers in the insurance game. Pineapple offers…
Planet42Planet42 is democratising mobility by enabling people ignored by banks to get access to a personal vehicle through car…
PulaPula is an agriculture insurance and technology company that designs and delivers innovative agriculture insurance and digital…
Riskflow DBSRiskflow is a fintech company founded in 1988, focussing on the creation of enterprise software solutions. Based out of Randburg,…
RootA financial services platform - programmable banking and insurance Based out of Cape Town, South Africa
Sasa SolutionsSASA is a digital FinTech company that leverage data and tech to take friction out of finance. Based out of Cape Town, South…
SasaiFintechCassava Fintech is a specialised Pan-African Technology company. Based out of Bryanston, South Africa
SeamfixMost organizations want to easily acquire and service a lot of customers digitally but struggle with complex processes. We help…
Simply Financial ServicesSimply is a #fintech #insurtech company, providing mass market life insurance combos (life + disability + funeral) for South…
SmartAdvanceSmartAdvance is a financial wellness provider that empowers employers to uplift and enable employees with safe and affordable…
StartupbootcampStartupbootcamp Cape Town is a leading accelerator focused on scouting for startups in blockchain, connected devices. Based out…
StashawayStashAway is the digital wealth manager that intelligently navigates macroeconomic data, not the market ups and downs. Our…
StitchStiches goal is to make it easier for innovative tech businesses, building tech solutions, to start, optimise, and scale these…-LTD-Logo.jpeg){kind=logo}
Stock2Shopwe discovered our niche in systems integration. We know who we are and we know who we are not - we don’t build platforms, we…
Strider TechStock Shop provides a toolbox of platforms that financial institutions can white-label to provide financial education. Based out…
SureswipeSureSwipe is a South African-based fintech company that provides payment solutions to businesses and consumers. The platform…
SygniaSygnia is a FinTech company that provides asset management, stockbroking, and administration services. Based out of Cape Town,…
TalaTala is a financial technology company on a mission to build a financial system that works for everyone. Our first product is a…
The Sun ExchangeThe Sun Exchange is a South African-based fintech platform that enables individuals to invest in solar projects and earn income…
Token CapitalToken Capital delivers Software Development solutions that enables our clients to meet the rapidly changing demands of their…
Transactional CapitalTransaction Capital is an active investor in and operator of credit-orientated alternative assets managed by experienced…
TruIDDeveloped in South Africa, TruID allows you to securely access consumer financial data from all major Banks in South Africa. The…
UkhesheDeveloped in South Africa, Ukheshe uses Eclipse API to offer users enhanced or new revenue opportunities. In essence, it’s a…
VALRCryptocurrency exchange. VALR.com is a digital asset trading platform where you can buy, sell, store and transfer…
Vollar NPCVollar is a digital currency earned by doing good alongside local nonprofit organisations. Based out of Stellenbosch, South Africa
Walletdocwalletdoc is the smart, secure & free way to pay bills - with no admin. Based out of Johannesburg, South Africa
WirepayAll-in-one finance for your everyday needs. Receive, hold, and make payments in multiple currencies, create virtual and physical…
Xend FinanceXend allows you to make and receive payments online and offline at zero fees; send money, pay bills, crypto currencies, make…
Yellow Card Inc.Yellow Card is the easiest way to buy and sell Bitcoin, Ethereum and Tether instantly at the best rates with zero fees.
YocoDeveloped in South Africa, YOCO is the market leader in providing small businesses with payment solutions. Whether those be…
YoyoYoyo is a fintech platform that provides a digital wallet and rewards program for users. The platform allows users to pay for…
ZeepayZeepay is a Ghananian owned fin-tech focusing on digital rails to connect digital assets to international money transfer…
Zenka FinanceZenka Finance is an international Fintech focused on mobile lending. Zenka provides a AI powered, high-end, and customer-friendly….jpeg)
ZonothoZonotho is a social platform that connects people and financial experts. Zonotho is democratising access to high-quality personal…
ZoonaZoona is a mobile technology company developing products such as money transfers, electronic voucher payments, and agent…SOFTWARE ENGINEERING · SORTED
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