22 FinTech Companies in Africa Enabling Financial Inclusion on the Continent

March 19, 2016     By : Kate

RainFin is an online lending marketplace that connects borrowers seeking transparent, cost effective loans with lenders wanting great returns.

22Seven is a free budgeting & investing app that helps users manage money more easily and invest it more smartly.

Bankymoon builds blockchain-based solutions and provides consulting services for organizations to allow them to leverage the power of blockchains to gain a competitive edge.

Bitsoko is an Android mobile wallet that implements blockchain technology.

Bsaviis a new free personal finance app that helps people save money while they plan to spend. The company profiles daily local-offers matching one’s affordability and needs at a discount, and only makes money when people save money.

Cellulant is a leading digital payments service provider that prompts, collects, settles and reconciles payments in real time.

ExpenZa takes the hassle out of budgeting by automatically keeping track of transactions.

GetBucks allows users to manage credit profiles and budgets, while offering personalized credit based on positive behavior, which allows for better repayment terms and declining rates.

Gust Pay is a full-featured cashless events solution that integrates ticket sales, access control, interactive marketing and data analytics, all from a single wristband.

IMB offers a wallet with remittance capabilities, enabling users to buy airtime, pay for electricity, metrorail tickets and other mobile services.  

InterSwitch is an integrated payment and transaction processing company that provides technology integration and advisory services.

InVenture is an innovative, fast-paced mobile technology start-up, that provides a credit scoring.  

Kobocoin is a digital currency and payment system similar to Bitcoin, with an African heritage. Kobocoin is a blockchain-based P2P payment system in Africa.

Lendico is a transparent loan marketplace. P2P-Loans connect borrowers with investors directly, bypassing many of the high costs of traditional banking.

Microcred offers simple and accessible financial products and services to facilitate and improve the daily lives of its customers: people without access to the financial sector, especially micro and small entrepreneurs.

M-PESA, a subsidiary of Vodafone, is one of the earliest mobile-phone based money transfer and micro financing services in the world.

Musoni is a microfinance company in Kenya that leverages Information Communication Technology (ICT) heavily to manage its operations much more efficiently than peer organizations, and to scale rapidly as it delivers better services to clients.

Nomanini is an enterprise payments platform provider that enables transactions in the cash-based informal retail sector.

Paga was founded in early 2009 with a mission to transform lives by delivering innovative and universal access to financial services across Africa. Paga is a direct to consumer mobile payments service licensed by the Central Bank of Nigeria.

SnapScan is a service that allows people to make payments with their mobile phones by simply taking a photo of a QR code and punching in the amount they want to pay.

Wizzit is an affordable, easy and convenient transactional account with state of the art, secure cellphone banking technology.

Zoona offers emerging entrepreneurs a platform to provide money transfer and other services to unbanked consumers.

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Kate

Kate is a staff writer at LetsTalkPayments.com.
She likes to write about mobile payments and mobile commerce.

If you have any suggestions or questions for the author, please email us at follow@letstalkpayments.com