Africa Tech Report on Top Business Models

TRACXN TOP BUSINESS MODELS REPORT
June 24, 2021
AFRICA TECH

Africa Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
AfricaAfrica Tech Funding - Overview 3
Top Funded Business Models 4
One pagers 9
Appendix 59
2

Africa Tech - Funding in last 1 year
3
Banking Tech $334M
Sports Tech $83.6M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
MEST
Ingressive Capital
15
6
6
Early
Stage
FMO
Global Ventures
International Finance Cor..
6
3
2
Late
Stage
MultiChoice
Goldman Sachs
Finnfund
2
1
1
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
TYME
(2012, )
$110M - Series B
TymeBank
(2012, )
$110M - Series B
BetKing
(2018, )
$83.1M - Series C
Naivas
(1992, )
$55.2M - PE
Jumo
(2015, )
$52.0M - Series C
Trella
(2018, )
$30.0M - Series A
Komaza
(2006, )
$28.0M - Series B
Kuda
(2017, )
$25.0M - Series A
Capex
(2016, )
$21.0M - Series B
Aerobotics
(2014, )
$17.0M - Series B
Zagace
(2013, )
$16.7M - Seed
Adumo
(2009, )
$15.0M - Series B
Johannesburg (27%)
Nairobi (15%)
Cape Town (13%)
Cairo (10%)
Ikeja (10%)
Others (25%)

Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Africa Tech - Top Business Models Report
Africa Tech - Top Funded Business Models - last 1 year (1/5)
4
Rank Business Model $ Funding # Rounds Top Funding Round Details
1▲44 Digital Native Retail Banks $145M 3 TymeBank | $110M | Series B Link
2-- Banking Software Suite $110M 1 TYME | $110M | Series B Link
3-- Sports Betting Platforms $83.1M 2 BetKing | $83.1M | Series C Link
4-- Sports Betting Platform $83.1M 2 BetKing | $83.1M | Series C Link
5▼2 Internet First Loans Marketplace $53.0M 2 Jumo | $52.0M | Series C Link
6▼5 Business Payments Solutions $38.0M 6 Adumo | $15.0M | Series B Link
7▲12 Farming as a Service $31.6M 2 Komaza | $28.0M | Series B Link
8▼4 Truck Booking Marketplace $30.5M 5 Trella | $30.0M | Series A Link
9-- Internet First Working Capital Loans Marketplaces $17.3M 3 Adumo | $15.0M | Series B Link
10▲23 Drone Services for Agriculture $17.0M 1 Aerobotics | $17.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

5
11▲23 Drone Based Farm Analytics $17.0M 1 Aerobotics | $17.0M | Series B Link
12-- ERP for SMBs $16.7M 1 Zagace | $16.7M | Seed Link
13▲35 Home Furnishing Products Marketplaces $15.0M 1 Homzmart | $15.0M | Series A Link
14▲11 Location Intelligence for Transportation Industry $14.5M 1 WhereIsMyTra.. | $14.5M | Series A Link
15▲11 Traffic Data $14.5M 1 WhereIsMyTra.. | $14.5M | Series A Link
16▲11 Public Transport Data Collection Solutions $14.5M 1 WhereIsMyTra.. | $14.5M | Series A Link
17▲1 Crypto Exchanges $14.0M 3 ACDX | $10.0M | Seed Link
18-- Smart Solar Water Pumps $14.0M 1 SunCulture | $14.0M | Series A Link
19▼5 Informal Distribution $13.3M 2 TradeDepot | $10.0M | Series A Link
20-- Core Banking Platforms $11.0M 2 AppZone Group | $10.0M | Series A Link

6
21-- Farmer to Farmer Content Platforms $11.0M 1 Wefarm | $11.0M | Series A Link
22-- Informal Distribution $10.0M 1 TradeDepot | $10.0M | Series A Link
23▲28 Open Banking API Providers $7.5M 2 Stitch | $4.0M | Seed Link
24▲23 B2B Hyperlocal Delivery $6.7M 2 Bosta | $6.7M | Series A Link
25-- Online Professional Coding Courses $6.1M 2 Hyperion Deve.. | $3.6M | Series A Link
26▼24 Digital Wallets $5.9M 6 telda | $5.0M | Seed Link
27▲62 Online Savings Platforms $3.7M 4 CowryWise | $3.5M | Seed Link
28▲21 Agent Based Payments $3.5M 2 Diool | $3.5M | Series A Link
29▲2 Crypto Trading Platforms $3.5M 1 VALR | $3.5M | Series A Link
30-- Ecommerce Fulfillment Software $3.4M 2 Flextock | $3.3M | Seed Link

7
31-- Correspondent Banking Solutions $3.0M 3 Dayra | $3.0M | Seed Link
32-- Healthcare Booking Platforms $2.5M 3 Healthlane | $2.4M | Seed Link
33▲61 Online Professional Courses $2.5M 1 iX | $2.5M | Series A Link
34--
Off Grid Distributed Solar Energy Resource
Management Systems
$2.3M 1 Baobab + | $2.3M | Seed Link
35▼30 Field Sales Management $2.2M 2 Skynamo | $2.0M | Series A Link
36-- HRMS for SMBs $2.1M 1 WorkPay | $2.1M | Seed Link
37▲18 On Demand Pay $2.1M 2 NowPay | $2.1M | Seed Link
38-- Utility Bills Payments $2.0M 1 Bankly | $2.0M | Seed Link
39--
Internet First Retail Banks with Partner Bank's
License
$2.0M 1 Umba | $2.0M | Seed Link
40▲3 Digital Address Generation Software $1.8M 1 OkHi | $1.8M | Seed Link

8
41▼25 Hyperlocal Delivery $1.7M 5 Bosta | $6.7M | Series A Link
42-- Customer Service Chatbots for Banking $1.6M 1 FinChatBot | $1.6M | Seed Link
43-- Credit Card Based Point of Sale Financing $1.5M 1 Credpal | $1.5M | Seed Link
44-- Influencer Marketplace $1.5M 1 Plaqad | $1.5M | Seed Link
45-- Livestock Trading Platforms $1.5M 1 SwiftVee | $1.5M | Series A Link
46-- Pharmacy Based Diagnostic Testing $1.5M 1 Redbird | $1.5M | Seed Link
47▼11 Solar Energy Projects Lease Rental Income $1.4M 1 The Sun Excha.. | $1.4M | Series A Link
48▲34 Messaging Marketing $1.4M 1 Termii | $1.4M | Seed Link
49-- Online K-12 Tutoring $1.4M 1 Kidato | $1.4M | Seed Link
50▲24 Residential Real Estate Listings $1.1M 3 Sakneen | $1.1M | Seed Link

Recent Funding Rounds
Digital Native Retail Banks - Africa
01
9
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$145M (▲8963%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$160M
2
-
2
1
Banking Tech (Jumo)
(# Cos: 292 | $523M)
Internet First Banks (Umba)
(# Cos: 56 | $163M)
Digital Native Banks (TymeBank)
(# Cos: 11 | $160M)
Retail Banking (Kuda)
(# Cos: 2 | $160M)
Kuda
(2017, $36.6M)
TymeBank
(2012, $123M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
TymeBank (2012)
$110M - Series B - Feb 2021
Kuda (2017)
$25.0M - Series A - Mar 2021
Kuda (2017)
$10.0M - Seed - Nov 2020

Banking Software Suite - Africa
02
10
Back to index
Banking Tech (Kuda)
(# Cos: 292 | $523M)
Banking Software Suite (Fintech Group)
(# Cos: 39 | $110M)
Taxonomy
Key Stats
Africa Tech
$110M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$110M
5
-
39
0
Fintech Group TYME
(2012, $110M)
Comcorp
TYME (2012)
$110M - Series B - Feb 2021

Sports Betting Platforms - Africa
03
11
Back to index
Taxonomy
Key Stats
Africa Tech
$83.1M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$83.1M
6
-
30
1
Gambling Tech (Pokerbros)
(# Cos: 140 | $83.1M)
Online Gambling Platforms (Betika)
(# Cos: 79 | $83.1M)
Betting (Interbet)
(# Cos: 34 | $83.1M)
Sports (SportPesa)
(# Cos: 33 | $83.1M)
Multi Sports (Bet.co.za)
(# Cos: 30 | $83.1M)
Bet.co.za SportPesa Interbet
BetKing (2018)
$83.1M - Series C - Nov 2020
BetKing (2018)
Undisclosed - Series C - Jun 2021

Sports Betting Platform - Africa
04
12
Back to index
Taxonomy
Key Stats
Africa Tech
$83.1M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$83.1M
6
-
34
1
Sports Tech (SuperSport)
(# Cos: 151 | $86.0M)
Sports Betting (Interbet)
(# Cos: 60 | $83.1M)
Betting Platforms (SportPesa)
(# Cos: 35 | $83.1M)
Multi Sports (Bet.co.za)
(# Cos: 34 | $83.1M)
Bet.co.za SportPesa Interbet
BetKing (2018)
$83.1M - Series C - Nov 2020
BetKing (2018)
Undisclosed - Series C - Jun 2021

Internet First Loans Marketplace - Africa
05
13
Back to index
Taxonomy
Key Stats
Africa Tech
$53.0M (▼3.6%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$186M
5
-
33
1
Alternative Lending (Kopo Kopo)
(# Cos: 452 | $371M)
Online Lenders (OneFi)
(# Cos: 367 | $369M)
Diversified (Zash Loan)
(# Cos: 53 | $186M)
Marketplace (Jumo)
(# Cos: 33 | $186M)
Jumo
(2015, $185M)
KiaKia Lupiya
(2016, $1.0M)
Jumo (2015)
$52.0M - Series C - Sep 2020
Lupiya (2016)
$1.0M - Seed - Jul 2020

Adumo (2009)
$15.0M - Series B - Feb 2021
Paymob (2015)
$15.0M - Series A - Apr 2021
PayMob (2015)
$3.5M - Series B - Aug 2020
Paymob (2015)
$3.5M - Series A - Jul 2020
appsNmobile (2015)
$1.0M - Seed - Jun 2021
Data Integrated (2012)
Undisclosed - Seed - Oct 2020
Business Payments Solutions - Africa
06
14
Back to index
Payments (Paga)
(# Cos: 898 | $897M)
Business Payments (Kudi)
(# Cos: 508 | $560M)
Diversified (Interswitch)
(# Cos: 80 | $409M)
Taxonomy
Key Stats
Africa Tech
$38.0M (▼88.1%)
6(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$409M
18
2
80
5
Interswitch
(2002, $200M)
OPay
(2018, $170M)
NET1

Komaza (2006)
$28.0M - Series B - Jul 2020
Apollo Agriculture (2016)
$3.6M - Series A - Dec 2020
Farming as a Service - Africa
07
15
Back to index
Crop Tech (Aerobotics)
(# Cos: 434 | $216M)
Farming as a Service (Apollo Agriculture)
(# Cos: 42 | $77.3M)
Tech Enabled Services (Komaza)
(# Cos: 35 | $77.3M)
Taxonomy
Key Stats
Africa Tech
$31.6M (▲130%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$77.3M
7
-
35
2
Komaza
(2006, $37.9M)
Apollo Agriculture
(2016, $17.8M)
Babban Gona
(2012, $20.0M)

Truck Booking Marketplace - Africa
08
16
Back to index
Taxonomy
Key Stats
Africa Tech
$30.5M (▼39.2%)
5(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$107M
10
-
44
2
Logistics Tech (elmenus)
(# Cos: 641 | $193M)
Freight (AmiTruck)
(# Cos: 285 | $107M)
Trucking (Trella)
(# Cos: 239 | $107M)
Heavy Cargo (Lori)
(# Cos: 58 | $107M)
Marketplace (Kobo360)
(# Cos: 44 | $107M)
Kobo360
(2016, $30.6M)
Lori
(2016, $44.9M)
Trella
(2018, $30.8M)
Trella (2018)
$30.0M - Series A - Jun 2021
ILLA (2017)
$500K - Seed - Nov 2020
Lori (2016)
Undisclosed - Series A - Nov 2020
AmiTruck (2018)
Undisclosed - Seed - Feb 2021
Linebooker (2017)
Undisclosed - Seed - Aug 2020

Internet First Working Capital Loans
Marketplaces - Africa
09
17
Back to index
Taxonomy
Key Stats
Africa Tech
$17.3M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$17.3M
4
-
11
1
Alternative Lending (OneFi)
(# Cos: 452 | $371M)
Online Lenders (Jumo)
(# Cos: 367 | $369M)
Business Loans (Kopo Kopo)
(# Cos: 71 | $71.8M)
Working Capital Loans (Pezesha)
(# Cos: 14 | $17.3M)
Marketplace (Numida)
(# Cos: 11 | $17.3M)
Numida
(2015, $2.3M)
Pezesha
(2016, $30.0K)
Adumo
(2009, $15.0M)
Adumo (2009)
$15.0M - Series B - Feb 2021
Numida (2015)
$2.3M - Seed - Apr 2021
Pezesha (2016)
$30.0K - Seed - Oct 2020

Aerobotics (2014)
$17.0M - Series B - Dec 2020
Drone Services for Agriculture - Africa
10
18
Back to index
Drones (Southern Mapping)
(# Cos: 54 | $27.4M)
Tech Enabled Services (Arone)
(# Cos: 30 | $27.1M)
Crop Management (Aerobotics)
(# Cos: 12 | $27.1M)
Taxonomy
Key Stats
Africa Tech
$17.0M (▲211%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$27.1M
2
-
12
1
Aerobotics
(2014, $27.1M)
WeFly Agri Revolute Systems

Aerobotics (2014)
$17.0M - Series B - Dec 2020
Drone Based Farm Analytics - Africa
11
19
Back to index
Crop Tech (Twiga)
(# Cos: 434 | $216M)
Farm Analytics (Lentera Africa)
(# Cos: 23 | $27.1M)
Drones Based (Aerobotics)
(# Cos: 11 | $27.1M)
Taxonomy
Key Stats
Africa Tech
$17.0M (▲211%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$27.1M
1
-
11
1
Aerobotics
(2014, $27.1M)
WeFly Agri Agridrone

Zagace (2013)
$16.7M - Seed - Sep 2020
ERP for SMBs - Africa
12
20
Back to index
ERP (Sokowatch)
(# Cos: 455 | $44.6M)
Multi-Industry (CashMadam)
(# Cos: 150 | $16.8M)
SMB-Focused (Zagace)
(# Cos: 76 | $16.7M)
Taxonomy
Key Stats
Africa Tech
$16.7M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$16.7M
3
-
76
1
Zagace
(2013, $16.7M)
CashMadam Inabex

Home Furnishing Products Marketplaces
- Africa
13
21
Back to index
Taxonomy
Key Stats
Africa Tech
$15.0M (▲1054%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$17.2M
2
-
6
1
Home Improvements (Yadaweya)
(# Cos: 62 | $18.2M)
B2C Commerce (Manzzeli)
(# Cos: 50 | $18.2M)
Horizontal (Zymta)
(# Cos: 26 | $18.2M)
Marketplace (Homzmart)
(# Cos: 6 | $17.2M)
Homzmart
(2018, $17.2M)
Showroom Westcape
Homzmart (2018)
$15.0M - Series A - May 2021

WhereIsMyTransport (2015)
$14.5M - Series A - Jun 2021
Location Intelligence for Transportation
Industry - Africa
14
22
Back to index
Geographic Information Systems (1map)
(# Cos: 80 | $27.8M)
Location Analytics (Lightstone Explore)
(# Cos: 31 | $27.8M)
Transportation (WhereIsMyTransport)
(# Cos: 9 | $27.8M)
Taxonomy
Key Stats
Africa Tech
$14.5M (▲93.3%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$27.8M
1
-
9
1
WhereIsMyTransport
(2015, $27.8M)
Beat Traffik Wasalny

$14.5M - Series A - Jun 2021
Traffic Data - Africa
15
23
Back to index
Data as a Service (EMDEX)
(# Cos: 67 | $28.2M)
Geography (Ma3Route)
(# Cos: 5 | $27.8M)
Traffic Data (WhereIsMyTransport)
(# Cos: 5 | $27.8M)
Taxonomy
Key Stats
Africa Tech
$14.5M (▲93.3%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$27.8M
3
-
5
1
WhereIsMyTransport
(2015, $27.8M)
Ma3Route
(2012, $25.0K)
Bey2ollak

Public Transport Data Collection
Solutions - Africa
16
24
Back to index
Taxonomy
Key Stats
Africa Tech
$14.5M (▲93.3%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$27.8M
1
-
2
1
Road Transport Tech (SafeBoda)
(# Cos: 639 | $205M)
Mass Transit (Swvl)
(# Cos: 80 | $140M)
Enablers (Keolis)
(# Cos: 8 | $27.8M)
Operator Transit Planning (GoMetro)
(# Cos: 2 | $27.8M)
Data Collection (WhereIsMyTransport)
(# Cos: 2 | $27.8M)
WhereIsMyTransport
(2015, $27.8M)
GoMetro
$14.5M - Series A - Jun 2021

Crypto Exchanges - Africa
17
25
Back to index
Taxonomy
Key Stats
Africa Tech
$14.0M (▼6.7%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$29.2M
8
-
322
1
Cryptocurrencies (Centbee)
(# Cos: 612 | $69.1M)
Financial Services (BitPesa)
(# Cos: 521 | $67.3M)
Investment Industry (VALR)
(# Cos: 423 | $40.2M)
Crypto Exchanges (OVEX)
(# Cos: 322 | $29.2M)
OVEX
(2017, $4.0M)
BuyCoins
(2017, $120K)
Bitfxt
(2017, $15.0M)
ACDX (2020)
$10.0M - Seed - Sep 2020
OVEX (2017)
$4.0M - Seed - Jan 2021
ACDX (2020)
Undisclosed - Seed - Sep 2020

SunCulture (2012)
$14.0M - Series A - Dec 2020
Smart Solar Water Pumps - Africa
18
26
Back to index
(# Cos: 434 | $216M)
Farm Equipment (UkulimaTech)
(# Cos: 7 | $14.2M)
Smart Solar Water Pumps (SunCulture)
(# Cos: 1 | $14.2M)
Taxonomy
Key Stats
Africa Tech
$14.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$14.2M
1
-
1
1
SunCulture
(2012, $14.2M)

Informal Distribution - Africa
19
27
Back to index
In Store Retail Tech (Yoco)
(# Cos: 179 | $78.0M)
Informal Distribution (Sokowatch)
(# Cos: 4 | $43.9M)
Taxonomy
Key Stats
Africa Tech
$13.3M (▼29%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$43.9M
3
-
4
2
Sokowatch
(2013, $26.9M)
TradeDepot
(2015, $13.0M)
Yellow
(2018, $4.0M)
TradeDepot (2015)
$10.0M - Series A - Jul 2020
Yellow (2018)
$3.3M - Series A - Sep 2020

Core Banking Platforms - Africa
20
28
Back to index
Banking Tech (Kuda)
(# Cos: 292 | $523M)
Core Banking Platforms (AppZone Group)
(# Cos: 35 | $16.8M)
Taxonomy
Key Stats
Africa Tech
$11.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$16.8M
6
-
35
1
AppZone Group
(2008, $15.0M)
Ensibuuko
(2012, $1.6M)
Craft Silicon
AppZone Group (2008)
$10.0M - Series A - Apr 2021
Ensibuuko (2012)
$1.0M - Seed - Apr 2021

Farmer to Farmer Content Platforms -
Africa
21
29
Back to index
Taxonomy
Key Stats
Africa Tech
$11.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$32.0M
1
-
6
1
(# Cos: 434 | $216M)
Content Platforms (Esoko)
(# Cos: 44 | $35.7M)
Farming Advice (Tulaa)
(# Cos: 29 | $35.4M)
Farmer to Farmer (Wefarm)
(# Cos: 6 | $32.0M)
Wefarm
(2015, $32.0M)
Agriteer Agricbase.com
Wefarm (2015)
$11.0M - Series A - Mar 2021

Informal Distribution - Africa
22
30
Back to index
Brands Tech (Rancard)
(# Cos: 6 | $13.5M)
Informal Distribution (TradeDepot)
(# Cos: 1 | $13.0M)
Taxonomy
Key Stats
Africa Tech
$10.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$13.0M
1
-
1
1
TradeDepot
(2015, $13.0M)
TradeDepot (2015)
$10.0M - Series A - Jul 2020

Stitch (2019)
$4.0M - Seed - Feb 2021
Okra (2019)
$3.5M - Seed - Apr 2021
Open Banking API Providers - Africa
23
31
Back to index
Banking Tech (Kuda)
(# Cos: 292 | $523M)
Open Banking (Open Banking)
(# Cos: 12 | $8.5M)
Banking APIs (Okra)
(# Cos: 8 | $8.5M)
Taxonomy
Key Stats
Africa Tech
$7.5M (▲650%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$8.5M
4
-
8
2
Okra
(2019, $4.5M)
Stitch
(2019, $4.0M)
truID

B2B Hyperlocal Delivery - Africa
24
32
Back to index
Taxonomy
Key Stats
Africa Tech
$6.7M (▲365%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$8.7M
6
-
22
0
Logistics Tech (Kobo360)
(# Cos: 641 | $193M)
Parcel (MAX)
(# Cos: 276 | $76.6M)
Hyperlocal Delivery (elmenus)
(# Cos: 210 | $76.4M)
B2B (Bosta)
(# Cos: 22 | $8.7M)
Bosta
(2016, $8.1M)
LifeBank
(2015, $555K)
Wumdrop
Bosta (2016)
$6.7M - Series A - May 2021
Road Runner (2019)

Online Professional Coding Courses -
Africa
25
33
Back to index
Taxonomy
Key Stats
Africa Tech
$6.1M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$6.1M
2
-
7
0
Continued Learning (Etudesk)
(# Cos: 232 | $15.2M)
Professional (GetSmarter)
(# Cos: 169 | $15.2M)
Online Learning (Eneza Education)
(# Cos: 168 | $15.2M)
IT Education (ExeLib)
(# Cos: 30 | $6.1M)
Coding (codeX)
(# Cos: 7 | $6.1M)
Online Courses (Hyperion
Development)
(# Cos: 7 | $6.1M)
Hyperion Development
(2012, $6.1M)
codeX Kenya School of Techno..
Hyperion Development (2012)
$3.6M - Series A - Jun 2021
Hyperion Development (2012)
$2.5M - Seed - Feb 2021

telda (2019)
$5.0M - Seed - May 2021
ZeePay (2014)
$940K - Seed - Dec 2020
Moja Ride (2017)
Undisclosed - Seed - Mar 2021
Dayra (2019)
Thank U Cash (2018)
Undisclosed - Seed - Feb 2021
Wallets Africa (2018)
Undisclosed - Seed - Jun 2020
Digital Wallets - Africa
26
34
Back to index
Payments (Interswitch)
(# Cos: 898 | $897M)
Consumer Payments (OPay)
(# Cos: 333 | $311M)
Wallets (Paga)
(# Cos: 172 | $253M)
Taxonomy
Key Stats
Africa Tech
$5.9M (▼96.3%)
6(▼14.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$253M
32
-
172
4
Paga
(2009, $35.0M)
OPay
(2018, $170M)
PalmPay
(2019, $40.0M)

CowryWise (2017)
$3.5M - Seed - Jan 2021
BezoMoney (2019)
$200K - Seed - Apr 2021
Crowdyvest (2019)
Undisclosed - Angel - Mar 2021
ElGameya (2017)
Undisclosed - Seed - Aug 2020
Online Savings Platforms - Africa
27
35
Back to index
Investment Tech (CowryWise)
(# Cos: 493 | $102M)
Wealth Management Platforms (ARM Pensions)
(# Cos: 136 | $68.7M)
Savings Platforms (MoneyFellows)
(# Cos: 59 | $17.6M)
Taxonomy
Key Stats
Africa Tech
$3.7M (▲3558%)
4(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$17.6M
19
-
59
2
MoneyFellows
(2014, $6.0M)
CowryWise
(2017, $3.7M)
PiggyVest
(2016, $1.1M)

Diool (2015)
$3.5M - Series A - Feb 2021
Tanda (2017)
Undisclosed - Seed - Apr 2021
Agent Based Payments - Africa
28
36
Back to index
Payments (Paga)
(# Cos: 898 | $897M)
Business Payments (Interswitch)
(# Cos: 508 | $560M)
Agent Based Payments (Kudi)
(# Cos: 46 | $33.2M)
Taxonomy
Key Stats
Africa Tech
$3.5M (▲192%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$33.2M
10
-
46
3
Kudi
(2016, $7.6M)
Zoona
(2009, $20.0M)
Bee Smart Payment Solu..

Crypto Trading Platforms - Africa
29
37
Back to index
Taxonomy
Key Stats
Africa Tech
$3.5M (▼43.4%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$11.1M
5
-
77
2
Cryptocurrencies (Centbee)
(# Cos: 612 | $69.1M)
Financial Services (BitPesa)
(# Cos: 521 | $67.3M)
Investment Industry (OVEX)
(# Cos: 423 | $40.2M)
Online Trading Platforms (AltCoinTrader)
(# Cos: 89 | $11.1M)
Regular Trading (VALR)
(# Cos: 77 | $11.1M)
VALR
(2018, $5.0M)
AltCoinTrader Prime XBT
VALR (2018)
$3.5M - Series A - Jul 2020

Flextock (2020)
$3.3M - Seed - May 2021
Flextock (2020)
$125K - Seed - Mar 2021
Ecommerce Fulfillment Software - Africa
30
38
Back to index
(# Cos: 641 | $193M)
Ecommerce Logistics (Pargo)
(# Cos: 48 | $9.1M)
Fulfillment Enablers (Flextock)
(# Cos: 15 | $4.9M)
Taxonomy
Key Stats
Africa Tech
$3.4M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.9M
3
-
15
0
Flextock
(2020, $3.4M)
uAfrica.com
(2004, $1.5M)
Tracking

Correspondent Banking Solutions -
Africa
31
39
Back to index
Banking Tech (Kuda)
(# Cos: 292 | $523M)
Correspondent Banking (Nomanini)
(# Cos: 27 | $10.5M)
Taxonomy
Key Stats
Africa Tech
$3.0M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$10.5M
10
-
27
1
Nomanini
(2011, $7.5M)
Khazna Tanda
Dayra (2020)
$3.0M - Seed - Mar 2021
Nomanini (2011)
$1.5M - Series B - Feb 2021
Tanda (2017)
Undisclosed - Seed - Apr 2021

Healthcare Booking Platforms - Africa
32
40
Back to index
Healthcare Booking Platforms (Vezeeta)
(# Cos: 530 | $85.9M)
Diversified (Healthlane)
(# Cos: 39 | $2.5M)
Taxonomy
Key Stats
Africa Tech
$2.5M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.5M
5
-
39
0
Healthlane
(2020, $2.5M)
Livia Dawa 1Dokita
Healthlane (2020)
$2.4M - Seed - Aug 2020
Healthlane (2020)
$125K - Seed - Jul 2020
Healthlane (2020)
Undisclosed - Seed - Nov 2020

Online Professional Courses - Africa
33
41
Back to index
Taxonomy
Key Stats
Africa Tech
$2.5M (▲3746%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$8.3M
12
-
87
1
Continued Learning (African Management Initiative)
(# Cos: 232 | $15.2M)
Professional (Etudesk)
(# Cos: 169 | $15.2M)
Online Learning (Hyperion Development)
(# Cos: 168 | $15.2M)
Multi Disciplinary (GetSmarter)
(# Cos: 93 | $8.3M)
Online Courses (Eneza Education)
(# Cos: 87 | $8.3M)
Eneza Education
(2011, $725K)
GetSmarter
(2008, $5.0M)
Etudesk
iX (2013)

Off Grid Distributed Solar Energy Resource
Management Systems - Africa
34
42
Back to index
Taxonomy
Key Stats
Africa Tech
$2.3M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.7M
2
-
2
0
Renewable Energy Tech (Sistema)
(# Cos: 29 | $39.2M)
Solar Energy (SunCulture)
(# Cos: 18 | $27.2M)
DERMS (Baobab +)
(# Cos: 2 | $4.7M)
Off Grid (Devergy)
(# Cos: 2 | $4.7M)
Devergy Baobab +
(2015, $4.7M)
Baobab + (2015)
$2.3M - Seed - Apr 2021

Field Sales Management - Africa
35
43
Back to index
Taxonomy
Key Stats
Africa Tech
$2.2M (▼92.9%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$32.6M
2
-
3
1
Field Force Automation (Esoko)
(# Cos: 80 | $37.7M)
Multi-Industry (Ona)
(# Cos: 68 | $35.0M)
Applications (Jumeni)
(# Cos: 62 | $35.0M)
Sales (MarketForce360)
(# Cos: 5 | $32.6M)
Field Sales Management (Skynamo)
(# Cos: 3 | $32.6M)
Skynamo
(2012, $32.1M)
MarketForce360
(2017, $500K)
Solutech
Skynamo (2012)
$2.0M - Series A - Apr 2021
MarketForce360 (2017)
$150K - Seed - Aug 2020

HRMS for SMBs - Africa
36
44
Back to index
Taxonomy
Key Stats
Africa Tech
$2.1M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.3M
4
-
52
0
HRTech (Jobberman Nigeria)
(# Cos: 830 | $27.0M)
HRMS (CRS Technologies)
(# Cos: 112 | $2.5M)
Suite (SeamlessHR)
(# Cos: 96 | $2.5M)
SMB (WorkPay)
(# Cos: 52 | $2.3M)
WorkPay
(2017, $2.3M)
CRS Technologies TalentBase
WorkPay (2017)
$2.1M - Seed - Aug 2020

On Demand Pay - Africa
37
45
Back to index
Taxonomy
Key Stats
Africa Tech
$2.1M (▲153%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.9M
3
-
5
1
HRTech (Jobberman Nigeria)
(# Cos: 830 | $27.0M)
Employee Benefits (Floatpays)
(# Cos: 23 | $3.6M)
Financial Benefits (SmartWage)
(# Cos: 13 | $3.3M)
On Demand Pay (NowPay)
(# Cos: 5 | $2.9M)
NowPay
(2018, $2.7M)
Floatpays Paymenow
(2019, $230K)
NowPay (2018)
$2.1M - Seed - Oct 2020
NowPay (2018)

Utility Bills Payments - Africa
38
46
Back to index
Taxonomy
Key Stats
Africa Tech
$2.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.0M
4
-
48
0
(# Cos: 898 | $897M)
Consumer Payments (Paga)
(# Cos: 333 | $311M)
Vertical Payments (expressPay)
(# Cos: 103 | $56.2M)
Bill Payments (Fawry)
(# Cos: 88 | $49.0M)
Utility Bills (Bankly)
(# Cos: 48 | $2.0M)
Bankly
(2018, $2.0M)
expressPay Aimtoget
Bankly (2018)
$2.0M - Seed - Mar 2021

Internet First Retail Banks with Partner Bank's
License - Africa
39
47
Back to index
Taxonomy
Key Stats
Africa Tech
$2.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.7M
3
-
15
0
Banking Tech (TymeBank)
(# Cos: 292 | $523M)
Internet First Banks (Kuda)
(# Cos: 56 | $163M)
Through Bank Partnerships (Wala)
(# Cos: 36 | $2.8M)
Retail Banking (Umba)
(# Cos: 15 | $2.7M)
Umba
(2011, $2.3M)
Wala
(2015, $380K)
Jupiter
Umba (2011)
$2.0M - Seed - Dec 2020

OkHi (2014)
$1.8M - Seed - Sep 2020
Digital Address Generation Software -
Africa
40
48
Back to index
Residential Real Estate Tech (Private Property)
(# Cos: 136 | $11.3M)
Home Management Solutions (MPOST)
(# Cos: 4 | $4.9M)
Digital Address Generation (OkHi)
(# Cos: 4 | $4.9M)
Taxonomy
Key Stats
Africa Tech
$1.8M (▼10.6%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.9M
2
-
4
0
OkHi
(2014, $2.9M)
MPOST
(2016, $2.0M)
GhanaPostGPS

Bosta (2016)
Kwik (2018)
$1.7M - Seed - Mar 2021
Boxconn (2020)
$100K - Seed - Sep 2020
elmenus (2011)
Undisclosed - Angel - Feb 2021
Road Runner (2019)
Hyperlocal Delivery - Africa
41
49
Back to index
(# Cos: 641 | $193M)
Parcel (MAX)
(# Cos: 276 | $76.6M)
Hyperlocal Delivery (elmenus)
(# Cos: 210 | $76.4M)
Taxonomy
Key Stats
Africa Tech
$1.7M (▼88.7%)
5(▼58.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
3
$76.4M
22
-
210
4
elmenus
(2011, $10.0M)
MAX
(2015, $8.6M)
Halan
(2017, $19.9M)

Customer Service Chatbots for Banking -
Africa
42
50
Back to index
Taxonomy
Key Stats
Africa Tech
$1.6M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.3M
1
-
4
1
Customer Service Software (Bosla)
(# Cos: 67 | $3.0M)
Help Desk (NandiMobile)
(# Cos: 44 | $3.0M)
Live Chat (3Line)
(# Cos: 28 | $2.3M)
Virtual Agents (Botme)
(# Cos: 24 | $2.3M)
Banking (FinChatBot)
(# Cos: 4 | $2.3M)
FinChatBot
(2016, $2.3M)
3Line mTransfers
FinChatBot (2016)
$1.6M - Seed - Nov 2020

Credit Card Based Point of Sale
Financing - Africa
43
51
Back to index
Taxonomy
Key Stats
Africa Tech
$1.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.5M
1
-
1
0
(# Cos: 898 | $897M)
Consumer Payments (Paga)
(# Cos: 333 | $311M)
Payment Cards (AC Group)
(# Cos: 49 | $1.5M)
Credit Cards (Premium Card)
(# Cos: 5 | $1.5M)
General Purpose (SwipeNG)
(# Cos: 4 | $1.5M)
Point of Sale Financing (Credpal)
(# Cos: 1 | $1.5M)
Credpal
(2017, $1.5M)
Credpal (2017)
$1.5M - Seed - Dec 2020

Plaqad (2017)
$1.5M - Seed - Dec 2020
Influencer Marketplace - Africa
44
52
Back to index
MarketingTech (Crowd Analyzer)
(# Cos: 581 | $22.5M)
Influencer Marketing (Hashtag Viral)
(# Cos: 26 | $1.5M)
Influencer Marketplace (Droplen)
(# Cos: 18 | $1.5M)
Taxonomy
Key Stats
Africa Tech
$1.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.5M
5
-
18
0
Droplen Trendster Plaqad
(2017, $1.5M)

SwiftVee (2017)
$1.5M - Series A - Nov 2020
Livestock Trading Platforms - Africa
45
53
Back to index
Livestock Tech (Livestock Wealth)
(# Cos: 60 | $1.9M)
ECommerce (Mifugotrade)
(# Cos: 15 | $1.6M)
Livestock Trading (SwiftVee)
(# Cos: 6 | $1.6M)
Taxonomy
Key Stats
Africa Tech
$1.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.6M
2
-
6
0
SwiftVee
(2017, $1.5M)
Mifugotrade
(2014, $50.0K)
AgroDomain

Pharmacy Based Diagnostic Testing -
Africa
46
54
Back to index
Pharmacy IT (mPharma)
(# Cos: 36 | $57.2M)
In Pharmacy Diagnostic Testing (Redbird)
(# Cos: 1 | $2.5M)
Taxonomy
Key Stats
Africa Tech
$1.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.5M
1
-
1
0
Redbird
(2018, $2.5M)
Redbird (2018)
$1.5M - Seed - Mar 2021

Solar Energy Projects Lease Rental
Income - Africa
47
55
Back to index
Taxonomy
Key Stats
Africa Tech
$1.4M (▼65.2%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$8.3M
1
-
1
1
Renewable Energy Tech (Sistema)
(# Cos: 29 | $39.2M)
Solar Energy (SunCulture)
(# Cos: 18 | $27.2M)
Investment Platform (Solaset)
(# Cos: 2 | $8.3M)
Lease Rental Income (The Sun
Exchange)
(# Cos: 1 | $8.3M)
The Sun Exchange
(2015, $8.3M)
The Sun Exchange (2015)
$1.4M - Series A - Apr 2021

Termii (2013)
$1.4M - Seed - Mar 2021
Messaging Marketing - Africa
48
56
Back to index
MarketingTech (Crowd Analyzer)
(# Cos: 581 | $22.5M)
Mobile Marketing (Mobiz)
(# Cos: 269 | $2.6M)
Messaging Marketing (Termii)
(# Cos: 259 | $2.5M)
Taxonomy
Key Stats
Africa Tech
$1.4M (▲1020%)
1(▼75%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$2.5M
4
-
259
0
Termii
(2013, $1.5M)
Mobiz
(2014, $1.0M)
Echo Mobile

Online K-12 Tutoring - Africa
49
57
Back to index
Taxonomy
Key Stats
Africa Tech
$1.4M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$1.4M
2
-
6
0
K-12 EdTech (Orcas)
(# Cos: 526 | $14.6M)
B2C Learning Solutions (uLesson)
(# Cos: 134 | $13.0M)
Diversified (Sterkla)
(# Cos: 20 | $1.4M)
Online Tutoring (Kidato)
(# Cos: 6 | $1.4M)
Kidato
(2020, $1.4M)
Sterkla LearnPower
Kidato (2020)
$1.4M - Seed - May 2021

Residential Real Estate Listings - Africa
50
58
Back to index
Residential Real Estate Tech (Aqarmap)
(# Cos: 136 | $11.3M)
Listings (Private Property)
(# Cos: 86 | $4.2M)
Taxonomy
Key Stats
Africa Tech
$1.1M (▲633%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$4.2M
15
-
86
0
Private Property Aqarmap meQasa
(2013, $500K)
Sakneen (2019)
$1.1M - Seed - Feb 2021
Isqan (2020)
Undisclosed - Angel - Jan 2021
Isqan (2020)

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