Here are the 6 African startups on the CB Insights list of the world’s 250 most promising fintech companies

Some of this year’s winners are developing safer and more efficient ways to send and receive payments. Others are working to make banking products, loans, mobile wallets and investment products accessible to historically underserved populations around the world.

According to CB Insights, this year’s winners were chosen based on factors including Mosaic’s proprietary scores, funding, market potential, business relationships, investor profile, sentiment analysis timeliness, competitive landscape, team strength and technological novelty.

The report also noted that factors such as rising inflation, rising interest rates and struggling public tech stocks have made it harder for new entrants to make a splash in the already buoyant fintech market. full maturity.

Main investors: Tiger Global is the top investor in this year’s Fintech 250 by a significant margin, having backed equity deals with 45 of the winners, including Stripe,, Revolut and FTX, since 2017. Accel is second with 29 companies in his wallet. , followed by Ribbit Capital with 27.

Here are the 6 most promising African fintech companies of 2022, according to the CB Insights Fintech 250 list

Total funding: $267 million

Investors disclosed: Google for Startups Accelerator, Finnish Fund for Industrial Cooperation, GEMCORP, Mastercard Foundation, Proparco, Goldman Sachs, LeapFrog Investments, VEF, Odey Asset Management, Ash Park, Fidelity Investments, Visa Ventures

Total funding: $180 million

Investors disclosed: IDG Capital, Matrix Partners China, NGC Ventures, Circle Ventures, Jump Crypto, Susquehanna International Group

3. MFS Africa (South Africa)

Total funding: $281 million

Investors disclosed: Goodwell Investments, LUN Partners Capital, Equator Capital Partners, FSD Africa, UK Department for International Development, Lendable, Norsad Finance, AfricInvest, Allan Gray, British International Investment, CommerzVentures, Endeavour, Endeavour, AXA Investment Managers, Adamius Capital Partners, Vitruvian Partners

Total funding: $570 million

Investors disclosed: GSR Ventures, IDG Capital, Meituan Dianping, Opera, Sequoia Capital China, Source Code Capital, Bertelsmann Asia Investments, Gaorong Capital, Longzhu Capital, Redpoint Ventures China, Softbank Ventures Asia, 3W Partners, SoftBank Group

Total funding: $38 million

Investors disclosed: Acumen, Adlevo Capital, Capricorn Investment Group, Flourish Ventures, Goodwell Investments, Jeremy Stoppelman, Jim O’Neill, Tim Draper, Global Innovation Fund, Unreasonable Capital, Ping An Cloud Accelerator, Gaingels

Total funding: $58 million

Investors disclosed: Quantum Capital Partners, British International Investment, Endeavour, FMO, Global Ventures, Kepple Africa Ventures, Novastar Ventures, Oui Capital, Soma Capital, Lightrock, QED Investors.

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