GJO & Partners

Financial services funding in Africa: investors, tickets and countries

Who finances Financial services in Africa, where, at which stage and with which tickets: every figure below is computed from the funding deals recorded on the platform.

142

deals recorded

67

over 12 months

34.5 M$

median disclosed ticket

104

identified investors

Key findings

  • 142 funding deals recorded (Financial services) since 2003, involving 123 companies and 104 identified investors. 67 of them over the last 12 months (25 the previous year).
  • Median disclosed ticket: 34.5 M$; half of the deals fall between 10 M$ and 104.9 M$ (93 amounts disclosed out of 142, 7.8 bn $ in total).
  • Where the money goes: Nigeria (25 %), Cameroon (17 %), Kenya (16 %).
  • Most frequent stage: Growth (42 %); most used instrument: Equity (50 %).
  • Most active investors: IFC (International Finance Corporation) (19), AFIG Funds (7), Helios Investment Partners (5).
  • 16 % of deals are syndicated (at least two investors around the table).

Countries

  • Nigeria36
  • Cameroon24
  • Kenya23
  • South Africa22
  • Côte d'Ivoire8

Industries

  • Banking55
  • Vehicle and productive-asset finance22
  • SME finance19
  • Insurance10
  • Microfinance10

Stages

  • Growth60
  • Debt46
  • Seed10
  • Pre-Seed3
  • Series B3

Instruments

  • Equity71
  • Senior debt40
  • Mezzanine debt10
  • Guarantee6
  • Grant1

Deals per year

YearDealsDisclosed amounts
20212—
20221027 M$
20238186.3 M$
202416558.1 M$
202524473.9 M$
2026636.1 bn $

Most active investors

Latest deals

CompanyDateDisclosed amountsLead
InfraCreditVehicle and productive-asset finance · Nigeria · DebtSept 202650 M$IFC (International Finance Corporation)source
Africa Specialty RisksInsurance · South Africa · GrowthSept 2026undisclosedVitruvian Partnerssource
Mission MobileVehicle and productive-asset finance · South Africa · DebtSept 202630 M$DNIsource
National Bank of Kenya (fusion avec Access Bank Kenya)Banking · Kenya · GrowthSept 2026undisclosedAccess Banksource
Absa Bank GhanaBanking · Ghana · DebtSept 202650 M$IFC (International Finance Corporation)source
Commercial Bank Cameroun (CBC)Banking · Cameroon · DebtSept 202611.5 M$ICD (Société islamique pour le développement du secteur privé)source
WatuVehicle and productive-asset finance · Kenya · DebtSept 20267 M$AHL Venture Partnerssource
Zamara HoldingsInsurance · Kenya · GrowthSept 2026undisclosedAmethissource
NCBA GroupBanking · Kenya · GrowthAug 2026855 M$Nedbanksource
YellowVehicle and productive-asset finance · Malawi · Series C+Aug 2026undisclosedConvergence Partnerssource
Absa Bank KenyaBanking · Kenya · GrowthAug 202650.6 M$undisclosedsource
KCB Bank KenyaSME finance · Kenya · DebtAug 2026150 M$IFC (International Finance Corporation)source
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See also

Method: published funding deals (press releases, specialised media), recorded by Invest Matching's news monitoring and reviewed before integration. Amounts in US dollars; deals without a disclosed amount count in the totals, not in the medians.