Africa Tech Startups are inventive companies that use technology to solve numerous problems and also provide services in Africa. Fintech, health tech, and agrotech are prevalent in Africa, where startups have transformed various industries and sectors with the use of technology advancements. Here are fast rising Africa Tech Startups you should keep an eye on in 2024

Overview

1. M-Pesa:

It is a financial services platform founded in 2007 and run by Safaricom in Kenya and Vodacom in South Africa. Vodacom operates the services through its subsidiaries in Tanzania, the Democratic Republic of the Congo, Mozambique, Lesotho, Ghana, and Egypt. The word “M” stands for mobile, and “Pesa” is the Swahili word for money.

Impact
Since its inception, the service has made a substantial improvement on financial inclusion in Kenya and other parts of Africa, enabling economic growth and empowering individuals and businesses.

Overview:

2. Flutterwave:

Flutterwave is a payments technology startup that offers payment solutions to businesses and consumers in Africa. It provides a platform for online sales, payment processing, financial product development, and the application of business tools for company growth. Founded in 2016, Flutterwave is currently valued at $3 billion.

Impact

Flutterwave’s payment infrastructure, which is dependable and secure, is facilitating e-commerce and empowering African businesses to expand internationally.

Overview

3. Twiga Foods:

Twiga Foods uses technology to make the supply chain for agriculture more efficient. A mobile-first, cashless business-to-business (B2B) supply platform is being used by the company to gain distribution among the millions of small and medium-sized vendors in urban African markets. By putting farmers in direct contact with vendors, it lowers food waste and guarantees fair prices for farmers. Based in Nairobi, Kenya, Twiga was founded in 2013.

Impact

Twiga Foods is improving food security and advancing sustainable agriculture through improved transparency and efficiency in the supply chain.

Overview
4. Andela:

Andela finds, develops, and connects software developers with international tech companies throughout Africa. It is an American global software placement network that connects technologists with long-term engagements, offers competitive compensation, access to international roles, and offers career coaching through the Andela Learning Community. It is focused on sustainable careers.

Impact

Andela is promoting Africa as a center for tech talent and innovation in addition to generating job opportunities.

Overview
5. Farmcrowdy:

Through the Nigerian agritech platform Farmcrowdy, people can fund farms and make agricultural investments. A portion of the profits go to investors, and farmers get access to much-needed resources and capital. Established in 2016

Impact

Farmcrowdy is propelling agricultural growth and offering a sustainable investment avenue, which is growing the economy and improving farmers’ livelihoods.

Overview
6. Paystack: 

Paystack is a payment processing startup based in Nigeria that lets businesses take payments via debit/credit cards, bank transfers, and mobile money. Makes payments easy and convenient. It began operations in 2015 and, by 2021, was reportedly valued at a billion dollars.

Impact

Paystack is not just about making transactions easier; it is also a major factor in the economic expansion of Africa.

Overview
7. Yoco:

Yoco is a fintech startup based in South Africa that offers small businesses card readers and point-of-sale hardware. By lowering barriers and easing access, it gives entrepreneurs the opportunity to make money and succeed more, enabling more businesses to join the economy and thrive. Four friends, Katlego Maphai, Bratley Wattrus, Lungisa Matshoba, and Carl Wazen, founded Yoco in 2013.

Impact

Yoco has improved the general security and efficiency of the economy by helping to decrease cash transactions, which can be expensive and prone to theft.

Overview

8. Swvl:

In Egypt, Swvl is a ride-hailing service that provides affordable public transportation choices. A  mobility service dedicated to making it possible for cities, people, and companies to relocate anywhere that is affordable, accessible, and driven by technology. Founded in 2017.

Impact

Due to its availability as a more environmentally friendly, accessible, safe, and efficient transportation option than public transportation, SWVL has had a significant impact