Did you know that Africa’s FinTech potential is expected to skyrocket, with a predicted worth of $65 billion by 2030?

Or that about half of Africa’s 1 000 FinTech businesses were established in the past six years?

With such continued growth, the future indeed bodes well for the African FinTech sector.

Here is a snapshot of some of the top successful FinTech companies in Africa. 

Jumo

South Africa

Jumo provides a banking-as-a-service (BaaS) platform, enabling financial service providers to offer digital financial products to underserved customers in emerging markets. The company has raised over $200 million in funding

OPay

Nigeria

OPay is a mobile payment platform that offers a range of financial services, including mobile money, ride-hailing, and food delivery. The company has raised over $570 million in funding.

Branch

Kenya

Branch, a mobile lending app, provides loans to customers in Kenya and Tanzania. The company has raised over $170 million in funding. Also, this popular finance app has been downloaded more than 40 million times by users in both Africa and India.

Fawry

Egypt

Fawry created a payment platform that enables customers to pay bills, purchase goods and services, and transfer money. This e-payment and digital finance solutions company has a market value of over $2 billion.

Yoco

South Africa

Yoco, a well-known application for seamless card payments, is an easy-to-use mobile point-of-sale system that enables small and medium-sized businesses to provide extra convenience for their customers. One of its most notable achievements was receiving $83 million (R1,24 billion) from US and European investors.

These FinTech companies are just a few examples of the many successful fintech startups in Africa that are driving economic growth, fostering financial inclusion, and transforming the financial services sector.