Startups in Africa

D

Daya

Nigeria

Daya is a Nigerian B2B fintech building regulated cross-border stablecoin payment rails for African businesses. Its platform provides dollar-denominated and virtual local-currency accounts through regulated partners, converts incoming payments into dollar-backed stablecoins, and lets companies hold dollars, settle international transactions, or off-ramp to local currency. Founded in October 2025 and an Alliance DAO accelerator graduate, it positions stablecoins as invisible infrastructure to cut cross-border fees to as little as 0.1%.

E

Eja-Ice

Nigeria

Eja-Ice Nigeria Limited is a Nigerian manufacturer of solar-powered refrigeration and cold-chain systems, including cold storage units, ice production and the country's first solar-powered cold-chain truck. Its products target small-scale fishers, traders, cooperatives and businesses handling perishable goods in off-grid and weak-grid communities, aiming to cut post-harvest losses and strengthen food security. The company designs and assembles its solutions locally for under-served markets across sub-Saharan Africa.

M

MAX

Nigeria

Nigerian mobility startup providing electric vehicle financing, battery-swapping network, and fleet management for two- and three-wheelers in West and Central Africa.

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Raenest

Nigeria

Raenest is a Nigerian fintech, founded in 2022, that provides multi-currency accounts and cross-border payment infrastructure for Africans and African businesses, including virtual and physical USD/GBP/EUR cards, global money transfers, and invoicing. Its Geegpay product targets the gig economy, letting freelancers and remote workers receive payments from platforms like Upwork and Fiverr at lower fees. By its 2025 Series A the company had processed over $1 billion in payments and served 700,000+ individual and 300+ business customers.

S

Sika

Ghana

Sika Financial Group, founded in 2023 by Emmanuel Ashirifi, builds clearing, settlement, liquidity and market-data infrastructure for cross-border financial flows across Africa and other emerging markets. Its ClearNet platform lets banks, brokers and payment firms settle foreign-exchange transactions directly in more than 15 local currencies instead of routing through US dollars or euros, offering liquidity aggregation, multilateral netting and delivery-versus-payment settlement. The company operates across Africa, Latin America, Asia and the Middle East.

C

CompleteFarmer Technologies

Ghana

Complete Farmer is a Ghanaian agritech company, founded in 2017, that operates an end-to-end digital agricultural marketplace connecting smallholder farmers with local and international buyers. It standardizes production through precision-agronomy cultivation protocols, digital tools, and a network of fulfillment centers across Ghana and Togo, enabling export-grade quality for crops such as soybeans, cassava, chili pepper and ginger. The platform serves over 50,000 farmers and is largely export-focused, supplying food processors and large buyers.

F

Flutterwave

Nigeria

Flutterwave is one of Africa's largest payments technology companies, processing local and cross-border transactions for merchants and enterprises across more than 30 African countries. Founded in 2016, it provides payment processing and infrastructure APIs, and following its January 2026 acquisition of Mono adds open-banking, identity-verification and bank-based payment capabilities to its stack. It says it has processed over one billion transactions since inception.

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Myka

Nigeria

Myka (Myka Ecosystems Limited) is a Nigerian, NAICOM-licensed digital insurance broker that lets consumers and SMEs discover, compare, and buy policies from multiple underwriters in real time across categories such as health, motor, gadget, home, life, travel and business cover. Founded in 2025 by serial entrepreneur Sim Shagaya (Konga, uLesson) with Muritala Ahmed and Oluwadamilola Okenla, it pairs a digital marketplace aggregating numerous insurers with a community-based agent referral network modelled on agency banking. The company aims to close Nigeria's wide insurance-distribution and penetration gap.

C

CreditChek

Nigeria

CreditChek is a Nigerian credit-data infrastructure company, founded in 2021 by Kingsley Ibe and Lionel Orishane, that aggregates data from financial institutions, credit bureaus, and alternative sources into a single API so lenders can assess the creditworthiness of African borrowers in real time. It has processed over $60 million in credit applications across more than one million unique profiles and reached profitability in Nigeria. The company is now expanding cross-border into East African markets, targeting banks, microfinance institutions, and fintech lenders.