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1. TRACXN TOP BUSINESS MODELS REPORT
December 24, 2021
AFRICA TECH

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

3. Africa Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Funding in last 1 year
3
Payments $858M
Sports Tech $295M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
Launch Africa
Future Africa
21
17
12
Early
Stage
Endeavor
Algebra Ventures
Global Ventures
7
5
5
Late
Stage
Endeavor
Google
Fidelity Investments
2
1
1
Funding by Geography
Top Feeds by $ Funding
Top Funding Rounds
$ Funding # Rounds
OPay
(2018, )
$400M - Series C
BetKing
(2018, )
$293M - Series C
MNT Halan
(2017, )
$120M - Series A
Jumo
(2015, )
$120M - Series D
TymeBank
(2012, )
$110M - Series B
TYME
(2012, )
$110M - Series B
TradeDepot
(2015, )
$110M - Series B
PalmPay
(2019, )
$100M - Series A
MFS Africa
(2009, )
$100M - Series C
Yoco
(2015, )
$83.0M - Series C
TymeBank
(2012, )
$70.0M - Series B
TYME
(2012, )
$70.0M - Series B
Lagos (33%)
Johannesburg (17%)
Ikeja (13%)
Cairo (8%)
Cape Town (7%)
Others (23%)

4. Copyright © 2021, Tracxn Technologies 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▲30 Business Payments Solutions $562M 8 OPay | $400M | Series C Link
2<> 0 Sports Betting Platforms $293M 1 BetKing | $293M | Series C Link
3<> 0 Sports Betting Platforms $293M 1 BetKing | $293M | Series C Link
4▲53 Digital Wallets $235M 12 MNT Halan | $120M | Series A Link
5-- Banking Software Suite $190M 3 TYME | $110M | Series B Link
6-- KYC for Financial Institutions $180M 2 TYME | $110M | Series B Link
7▼2 Informal Distribution $124M 3 TradeDepot | $110M | Series B Link
8-- Internet First Lenders $120M 1 MNT Halan | $120M | Series A Link
9▼8 Internet First Loans Marketplace $120M 1 Jumo | $120M | Series D Link
10▲10
B2B E-Commerce > Technology Enablers > E
Commerce Software Suite
$110M 1 TradeDepot | $110M | 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. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Africa Tech - Top Funded Business Models - last 1 year (2/5)
5
Rank Business Model $ Funding # Rounds Top Funding Round Details
11-- Internet First Personal Loans $84.0M 2 FairMoney | $42.0M | Series B Link
12-- B2B Grocery Marketplace $58.2M 5 Twiga Foods | $50.0M | Series C Link
13▼2 Online B2B Grocery Distributor $56.1M 4 Maxab | $40.0M | Series A Link
14▲83
B2B E-Commerce > Food & Beverages > Groceries >
Farm Products > E-Distributor
$55.0M 2 Maxab | $40.0M | Series A Link
15--
B2B E-Commerce > Food & Beverages > Groceries >
Farm Products > Marketplace
$53.3M 4 Twiga Foods | $50.0M | Series C Link
16▼2 Hyperlocal Delivery $32.7M 6 MAX | $31.0M | Series B Link
17▲47 Truck Booking Marketplace $32.1M 5 Trella | $30.0M | Series A Link
18▼2 Genomic Data Analysis Platforms $26.5M 2 54gene | $25.0M | Series B Link
19▼2 Genomics Sequencing Analysis Software $25.0M 1 54gene | $25.0M | Series B Link
20▼2 Life Sciences Research Services $25.0M 1 54gene | $25.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

6. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Africa Tech - Top Funded Business Models - last 1 year (3/5)
6
Rank Business Model $ Funding # Rounds Top Funding Round Details
21-- B2B Remittance $20.0M 1 AZA | $20.0M | Series B Link
22▲30 Home Furnishing Products Marketplaces $15.0M 1 Homzmart | $15.0M | Series A Link
23▲3 Traffic Data $14.5M 1 WhereIsMyTra.. | $14.5M | Series A Link
24▲3 Public Transport Data Collection Solutions $14.5M 1 WhereIsMyTra.. | $14.5M | Series A Link
25--
Off Grid Distributed Solar Energy Resource
Management Systems
$14.1M 2 Baobab + | $11.7M | Series A Link
26-- White Label Prepaid Cards Solutions $13.1M 3 AppZone Group | $10.0M | Series A Link
27▲6 B2C Used Cars Marketplaces $13.1M 1 Automarket | $13.1M | Seed Link
28▲14 Open Banking API Providers $13.0M 4 Stitch | $4.0M | Seed Link
29-- Internet First Pay Per Mile Insurers $11.1M 1 Naked | $11.1M | Series A Link
30-- Internet First Usage Based Auto Insurers $11.1M 1 Naked | $11.1M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

7. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Africa Tech - Top Funded Business Models - last 1 year (4/5)
7
Rank Business Model $ Funding # Rounds Top Funding Round Details
31-- Farmer to Farmer Content Platforms $11.0M 1 Wefarm | $11.0M | Series A Link
32▼7 Food Ordering Platforms $10.1M 4 elmenus | $10.0M | Series B Link
33-- Online Marketplace for Drugs $7.5M 2 Yodawy | $7.5M | Series B Link
34-- Telepharmacy For Drugs $7.5M 1 Yodawy | $7.5M | Series B Link
35▲15 B2B Hyperlocal Delivery $6.7M 1 Bosta | $6.7M | Series A Link
36-- Internet First Working Capital Loans Marketplaces $6.3M 4 PayHippo | $3.0M | Seed Link
37▼13 Crypto Trading Platforms $6.2M 2 Busha | $4.2M | Seed Link
38▲23 Internet First Point of Sale Financing $6.0M 1 Sympl | $6.0M | Seed Link
39--
Internet First Banks for Businesses with Partner
Bank's License
$5.5M 2 Prospa | $3.8M | Seed Link
40-- B2B E-Commerce > Horizontal > Marketplace $5.2M 3 Chari | $5.0M | Seed Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

8. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Africa Tech - Top Funded Business Models - last 1 year (5/5)
8
Rank Business Model $ Funding # Rounds Top Funding Round Details
41-- Electric Vehicle Manufacturers $5.0M 1 Opibus | $5.0M | Series A Link
42▲40 Car Ride Hailing $5.0M 1 Gozem | $5.0M | Series A Link
43-- Online Savings Platforms $4.8M 4 CowryWise | $3.5M | Seed Link
44-- Blockchain in Financial Services $4.7M 1 Pynths | $4.7M | Series A Link
45▲46 Online Business Payments $4.6M 3 CinetPay | $2.4M | Seed Link
46--
B2B E-Commerce > Food & Beverages > Groceries >
Processed Products > Diversified > Marketplace
$4.5M 1 Cartona | $4.5M | Seed Link
47-- Remote Patient Monitoring Wearables $4.5M 1 Vitls | $4.5M | Series A Link
48-- Baby Vital Signs Monitoring Devices $4.5M 1 Vitls | $4.5M | Series A Link
49▼41 Crypto Exchanges $4.3M 2 OVEX | $4.0M | Seed Link
50▼44 Field Sales Software $4.1M 3 Skynamo | $2.0M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.

9. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
OPay (2018)
$400M - Series C - Aug 2021
Yoco (2015)
$83.0M - Series C - Jul 2021
Ozow (2005)
$48.0M - Series B - Nov 2021
Paymob (2015)
$15.0M - Series A - Apr 2021
Adumo (2009)
$15.0M - Series B - Feb 2021
appsNmobile (2015)
$1.0M - Seed - Jun 2021
TeamApt (2015)
Undisclosed - Series B - Jul 2021
View all 8 Funding Rounds on Tracxn Platform
Business Payments Solutions - Africa
01
9
Back to index
Payments (Paga)
(# Cos: 964 | $1.7B)
Business Payments (Kudi)
(# Cos: 536 | $1.1B)
Diversified (Interswitch)
(# Cos: 83 | $966M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$562M (▲ >10K%)
8(▲167%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
6
$966M
20
2
83
6
Interswitch
(2002, $200M)
OPay
(2018, $570M)
Yoco
(2015, $107M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

10. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Sports Betting Platforms - Africa
02
10
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$293M (▲253%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$377M
6
-
32
1
Gambling Tech (TheB2BLotto)
(# Cos: 198 | $377M)
Online Gambling Platforms (Pokerbros)
(# Cos: 96 | $377M)
Betting (Interbet)
(# Cos: 39 | $377M)
Sports (BetKing)
(# Cos: 36 | $377M)
Multi Sports (Bet.co.za)
(# Cos: 32 | $377M)
Bet.co.za BetKing
(2018, $377M)
Interbet
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
BetKing (2018)
$293M - Series C - Jun 2021

11. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Sports Betting Platforms - Africa
03
11
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$293M (▲253%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$377M
6
-
36
1
Sports Tech (SuperSport)
(# Cos: 224 | $381M)
Sports Betting (Forebet)
(# Cos: 91 | $377M)
Betting Platforms (BetKing)
(# Cos: 39 | $377M)
Multi Sports (Bet.co.za)
(# Cos: 36 | $377M)
Bet.co.za BetKing
(2018, $377M)
Interbet
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
BetKing (2018)
$293M - Series C - Jun 2021

12. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
MNT Halan (2017)
$120M - Series A - Aug 2021
PalmPay (2019)
$100M - Series A - Aug 2021
ZeePay (2014)
$7.9M - Series A - Jun 2021
telda (2019)
$5.0M - Seed - May 2021
Asilimia (2017)
$1.0M - Seed - Nov 2021
SikaPay (2018)
$348K - Seed - Oct 2021
Flux (2019)
$125K - Seed - Oct 2021
View all 12 Funding Rounds on Tracxn Platform
Digital Wallets - Africa
04
12
Back to index
Payments (Interswitch)
(# Cos: 964 | $1.7B)
Consumer Payments (OPay)
(# Cos: 367 | $540M)
Wallets (Paga)
(# Cos: 195 | $482M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$235M (▲ >10K%)
12(▲500%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$482M
41
-
195
6
Paga
(2009, $35.0M)
OPay
(2018, $170M)
PalmPay
(2019, $140M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

13. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Banking Software Suite - Africa
05
13
Back to index
Banking Tech (TymeBank)
(# Cos: 343 | $868M)
Banking Software Suite (AppZone Group)
(# Cos: 42 | $195M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$190M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$195M
4
-
42
1
AppZone Group
(2008, $15.0M)
TYME
(2012, $180M)
Fintech Group
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
TYME (2012)
$110M - Series B - Feb 2021
TYME (2012)
$70.0M - Series B - Dec 2021
AppZone Group (2008)
$10.0M - Series A - Apr 2021

14. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
KYC for Financial Institutions - Africa
06
14
Back to index
RegTech (Entersekt)
(# Cos: 46 | $197M)
KYC (TYME)
(# Cos: 21 | $183M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$180M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$183M
7
-
21
0
TYME
(2012, $180M)
Seamfix Inclusive Financial Te..
(2016, $17.5K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
TYME (2012)
$110M - Series B - Feb 2021
TYME (2012)
$70.0M - Series B - Dec 2021

15. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Informal Distribution - Africa
07
15
Back to index
In Store Retail Tech (Yoco)
(# Cos: 186 | $216M)
Informal Distribution (TradeDepot)
(# Cos: 4 | $174M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$124M (▲269%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$174M
4
-
4
3
TradeDepot
(2015, $123M)
Sokowatch
(2013, $26.9M)
Alerzo
(2018, $20.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
TradeDepot (2015)
$110M - Series B - Nov 2021
Alerzo (2018)
$10.5M - Series A - Aug 2021
Omnibiz (2010)
$3.0M - Seed - Aug 2021

16. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Internet First Lenders - Africa
08
16
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$120M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$120M
3
-
27
1
Alternative Lending (Kopo Kopo)
(# Cos: 503 | $702M)
Online Lenders (OneFi)
(# Cos: 410 | $700M)
Diversified (Jumo)
(# Cos: 64 | $426M)
Direct Lender (MNT Halan)
(# Cos: 27 | $120M)
MNT Halan
(2017, $120M)
Zash Loan Fido
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
MNT Halan (2017)
$120M - Series A - Aug 2021

17. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Internet First Loans Marketplace - Africa
09
17
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$120M (▲11.1%)
1(▼66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$306M
5
-
37
1
Alternative Lending (Kopo Kopo)
(# Cos: 503 | $702M)
Online Lenders (OneFi)
(# Cos: 410 | $700M)
Diversified (MNT Halan)
(# Cos: 64 | $426M)
Marketplace (Jumo)
(# Cos: 37 | $306M)
Jumo
(2015, $305M)
KiaKia Lupiya
(2016, $1.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Jumo (2015)
$120M - Series D - Nov 2021

18. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
TradeDepot (2015)
$110M - Series B - Nov 2021
B2B E-Commerce > Technology Enablers > E
Commerce Software Suite - Africa
10
18
Back to index
B2B E-Commerce (Twiga Foods)
(# Cos: 180 | $374M)
Technology Enablers (Sokowatch)
(# Cos: 19 | $171M)
E Commerce Software Suite
(TradeDepot)
(# Cos: 6 | $124M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$110M (▲953%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$124M
4
-
6
1
TradeDepot
(2015, $123M)
Garment IO
(2017, $450K)
Morpheus Commerce
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

19. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Internet First Personal Loans - Africa
11
19
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$84.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$110M
4
-
35
2
Alternative Lending (Kopo Kopo)
(# Cos: 503 | $702M)
Online Lenders (Jumo)
(# Cos: 410 | $700M)
Consumer Loans (OneFi)
(# Cos: 264 | $212M)
Personal Loans (INuka Pap)
(# Cos: 79 | $111M)
Direct Lender (FairMoney)
(# Cos: 35 | $110M)
FairMoney
(2018, $54.5M)
FairMoney
(2017, $54.5M)
INuka Pap
(2015, $1.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
FairMoney (2018)
$42.0M - Series B - Jul 2021
FairMoney (2017)
$42.0M - Series B - Jul 2021

20. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
B2B Grocery Marketplace - Africa
12
20
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$58.2M ( -- )
5( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$119M
8
-
8
1
Online Grocery (Breadfast)
(# Cos: 336 | $276M)
B2B Ecommerce (Sokowatch)
(# Cos: 61 | $210M)
Multi-Category (Maxab)
(# Cos: 14 | $208M)
Marketplace (Twiga Foods)
(# Cos: 8 | $119M)
Twiga Foods
(2014, $110M)
Vendease
(2017, $3.3M)
Food Supply
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Twiga Foods (2014)
$50.0M - Series C - Nov 2021
Cartona (2019)
$4.5M - Seed - Sep 2021
Vendease (2017)
$3.2M - Seed - Oct 2021
Kamioun (2020)
$400K - Seed - Dec 2021
Vendease (2017)
$125K - Seed - Jan 2021

21. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Online B2B Grocery Distributor - Africa
13
21
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$56.1M (▲211%)
4(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$89.3M
5
-
6
2
Online Grocery (Breadfast)
(# Cos: 336 | $276M)
B2B Ecommerce (Sokowatch)
(# Cos: 61 | $210M)
Multi-Category (Twiga Foods)
(# Cos: 14 | $208M)
E-Distributor (Maxab)
(# Cos: 6 | $89.3M)
Maxab
(2018, $61.2M)
Sokowatch
(2013, $26.9M)
Kilimo Fresh
(2018, $50.0K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Maxab (2018)
$40.0M - Series A - Jul 2021
Maxab (2018)
$15.0M - Series A - Aug 2021
Talabeyah (2020)
$1.1M - Seed - Oct 2021
Suplias (2019)
Undisclosed - Seed - Jul 2021

22. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
B2B E-Commerce > Food & Beverages > Groceries > Farm
Products > E-Distributor - Africa
14
22
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$55.0M (▲ >10K%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$61.3M
3
-
7
1
B2B E-Commerce (WaystoCap)
(# Cos: 180 | $374M)
Food & Beverages (Vendease)
(# Cos: 49 | $182M)
Groceries (AgroCenta)
(# Cos: 48 | $182M)
Farm Products (Twiga Foods)
(# Cos: 38 | $177M)
E-Distributor (Maxab)
(# Cos: 7 | $61.3M)
Maxab
(2018, $61.2M)
Kilimo Fresh
(2018, $50.0K)
iProcure
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Maxab (2018)
$40.0M - Series A - Jul 2021
Maxab (2018)
$15.0M - Series A - Aug 2021

23. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
B2B E-Commerce > Food & Beverages > Groceries > Farm
Products > Marketplace - Africa
15
23
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$53.3M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$114M
12
-
26
1
B2B E-Commerce (WaystoCap)
(# Cos: 180 | $374M)
Food & Beverages (Vendease)
(# Cos: 49 | $182M)
Groceries (AgroCenta)
(# Cos: 48 | $182M)
Farm Products (Maxab)
(# Cos: 38 | $177M)
Marketplace (Twiga Foods)
(# Cos: 26 | $114M)
Twiga Foods
(2014, $110M)
Vendease
(2017, $3.3M)
Selpal
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Twiga Foods (2014)
$50.0M - Series C - Nov 2021
Vendease (2017)
$3.2M - Seed - Oct 2021
Vendease (2017)
$125K - Seed - Jan 2021
HelloChoice (2005)
Undisclosed - Seed - Sep 2021

24. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
MAX (2015)
$31.0M - Series B - Dec 2021
Bosta (2016)
$6.7M - Series A - May 2021
Kwik (2018)
$1.7M - Seed - Mar 2021
ShapShap (2017)
Undisclosed - Seed - Dec 2021
Lamma City (2019)
Undisclosed - Seed - Oct 2021
Lamma City (2019)
Undisclosed - Seed - Oct 2021
Hyperlocal Delivery - Africa
16
24
Back to index
Logistics Tech (Kobo360)
(# Cos: 808 | $227M)
Parcel (Kwik)
(# Cos: 300 | $78.2M)
Hyperlocal Delivery (MAX)
(# Cos: 200 | $76.6M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$32.7M (▲118%)
6(▼25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$76.6M
19
-
200
2
MAX
(2015, $39.6M)
Kwik
(2018, $2.0M)
Bosta
(2016, $8.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

25. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Truck Booking Marketplace - Africa
17
25
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$32.1M (▲6330%)
5( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$109M
12
-
52
3
Logistics Tech (Sendy)
(# Cos: 808 | $227M)
Freight (AmiTruck)
(# Cos: 404 | $111M)
Trucking (Trella)
(# Cos: 338 | $110M)
Heavy Cargo (Lori)
(# Cos: 74 | $109M)
Marketplace (Kobo360)
(# Cos: 52 | $109M)
Kobo360
(2016, $30.6M)
Lori
(2016, $44.9M)
Trella
(2018, $30.8M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Trella (2018)
$30.0M - Series A - Jun 2021
ILLA (2017)
$2.0M - Seed - Oct 2021
Ridelink (2016)
$150K - Seed - Aug 2021
Kamtar (2018)
Undisclosed - Seed - Oct 2021
AmiTruck (2018)
Undisclosed - Seed - Feb 2021

26. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
54gene (2019)
$25.0M - Series B - Sep 2021
IndyGeneUS (2020)
$1.5M - Seed - Nov 2021
Genomic Data Analysis Platforms -
Africa
18
26
Back to index
Genomics (3X4 Genetics)
(# Cos: 57 | $49.5M)
Genome Informatics (IndyGeneUS)
(# Cos: 4 | $46.5M)
Integrative Bioinformatics Platforms
(54gene)
(# Cos: 3 | $46.5M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$26.5M (▲76.7%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$46.5M
2
-
3
1
54gene
(2019, $45.0M)
IndyGeneUS
(2020, $1.5M)
CoCoNUT
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

27. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Genomics Sequencing Analysis Software
- Africa
19
27
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$25.0M (▲66.7%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$45.0M
2
-
3
1
Life Sciences Tech (GoldKeys)
(# Cos: 36 | $46.5M)
Research & Development (IndyGeneUS)
(# Cos: 30 | $46.5M)
Drug Discovery (Mara Scientific)
(# Cos: 4 | $45.0M)
Genomics (Hyrax Biosciences)
(# Cos: 3 | $45.0M)
Sequencing Analysis (54gene)
(# Cos: 3 | $45.0M)
54gene
(2019, $45.0M)
Hyrax Biosciences CoCoNUT
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
54gene (2019)
$25.0M - Series B - Sep 2021

28. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
54gene (2019)
$25.0M - Series B - Sep 2021
Life Sciences Research Services - Africa
20
28
Back to index
Life Sciences Platforms and Tools (Inqaba Biotec)
(# Cos: 39 | $45.0M)
Research Services (Next Biosciences)
(# Cos: 23 | $45.0M)
Diversified (54gene)
(# Cos: 12 | $45.0M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$25.0M (▲66.7%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$45.0M
3
-
12
1
54gene
(2019, $45.0M)
SNC Fibers KRISP
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

29. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
AZA (2015)
$20.0M - Series B - May 2021
B2B Remittance - Africa
21
29
Back to index
Remittance (MFS Africa)
(# Cos: 129 | $167M)
Internet First Platforms (Wapi Pay)
(# Cos: 108 | $48.1M)
B2B Remittance (BitPesa)
(# Cos: 8 | $44.6M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$20.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$44.6M
2
-
8
2
BitPesa
(2013, $24.6M)
AZA
(2015, $20.0M)
Innovate 1 Pay
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

30. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Home Furnishing Products Marketplaces
- Africa
22
30
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$15.0M (▲1054%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$17.2M
2
-
6
1
Home Improvements (AbegYa)
(# Cos: 78 | $18.8M)
B2C Commerce (Manzzeli)
(# Cos: 64 | $18.8M)
Horizontal (Kemitt)
(# Cos: 32 | $18.2M)
Marketplace (Homzmart)
(# Cos: 6 | $17.2M)
Homzmart
(2018, $17.2M)
Showroom Westcape
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Homzmart (2018)
$15.0M - Series A - May 2021

31. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
WhereIsMyTransport (2015)
$14.5M - Series A - Jun 2021
Traffic Data - Africa
23
31
Back to index
Data as a Service (EMDEX)
(# Cos: 71 | $28.2M)
Geography (Ma3Route)
(# Cos: 5 | $27.8M)
Traffic Data (WhereIsMyTransport)
(# Cos: 5 | $27.8M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
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
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

32. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Public Transport Data Collection
Solutions - Africa
24
32
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
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: 780 | $259M)
Mass Transit (Swvl)
(# Cos: 94 | $142M)
Enablers (Keolis)
(# Cos: 9 | $27.8M)
Operator Transit Planning (GoMetro)
(# Cos: 3 | $27.8M)
Data Collection (WhereIsMyTransport)
(# Cos: 2 | $27.8M)
WhereIsMyTransport
(2015, $27.8M)
GoMetro
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
WhereIsMyTransport (2015)
$14.5M - Series A - Jun 2021

33. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Off Grid Distributed Solar Energy Resource
Management Systems - Africa
25
33
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$14.1M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$14.1M
2
-
2
0
Renewable Energy Tech (SunCulture)
(# Cos: 37 | $51.1M)
Solar Energy (The Sun Exchange)
(# Cos: 25 | $39.1M)
DERMS (Devergy)
(# Cos: 2 | $14.1M)
Off Grid (Baobab +)
(# Cos: 2 | $14.1M)
Baobab +
(2015, $14.1M)
Devergy
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Baobab + (2015)
$11.7M - Series A - Sep 2021
Baobab + (2015)
$2.3M - Seed - Apr 2021

34. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
White Label Prepaid Cards Solutions -
Africa
26
34
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$13.1M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$18.1M
4
-
5
1
Payments (Paga)
(# Cos: 964 | $1.7B)
Enablers (Entersekt)
(# Cos: 61 | $29.2M)
White Label Solutions (Paycorp Holdings)
(# Cos: 22 | $18.1M)
Payment Cards (Union54)
(# Cos: 8 | $18.1M)
Prepaid Cards (AppZone Group)
(# Cos: 5 | $18.1M)
AppZone Group
(2008, $15.0M)
Union54
(2020, $3.1M)
PayLogic
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
AppZone Group (2008)
$10.0M - Series A - Apr 2021
Union54 (2020)
$3.0M - Seed - Oct 2021
Union54 (2020)
$125K - Seed - Sep 2021

35. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
B2C Used Cars Marketplaces - Africa
27
35
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$13.1M (▲285%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$16.5M
2
-
9
1
Auto E-Commerce & Content (Naked)
(# Cos: 388 | $38.3M)
Second Hand Vehicles (Hatla2ee)
(# Cos: 192 | $23.1M)
Cars (AutoTrader)
(# Cos: 135 | $23.1M)
B2C Marketplace (Automarket)
(# Cos: 9 | $16.5M)
Automarket
(2020, $16.5M)
Wafa Cars For Auction
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Automarket (2020)
$13.1M - Seed - Oct 2021

36. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Stitch (2019)
$4.0M - Seed - Feb 2021
Okra (2019)
$3.5M - Seed - Apr 2021
OnePipe (2018)
$3.5M - Seed - Nov 2021
Stitch (2019)
$2.0M - Seed - Oct 2021
Open Banking API Providers - Africa
28
36
Back to index
Banking Tech (TymeBank)
(# Cos: 343 | $868M)
Open Banking (OnePipe)
(# Cos: 21 | $15.9M)
Banking APIs (Okra)
(# Cos: 13 | $15.9M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$13.0M (▲567%)
4(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$15.9M
8
-
13
2
Okra
(2019, $4.5M)
OnePipe
(2018, $4.5M)
Stitch
(2019, $6.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

37. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Internet First Pay Per Mile Insurers -
Africa
29
37
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$11.1M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$14.8M
2
-
4
1
Auto E-Commerce & Content (AutoTrader)
(# Cos: 388 | $38.3M)
Insurance (Griffin)
(# Cos: 23 | $14.8M)
Internet First Insurer (JaSure Financial
Services)
(# Cos: 6 | $14.8M)
Usage Based (Naked)
(# Cos: 4 | $14.8M)
Naked
(2016, $14.8M)
JaSure Financial Servi.. Griffin
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Naked (2016)
$11.1M - Series A - Aug 2021

38. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Internet First Usage Based Auto Insurers
- Africa
30
38
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$11.1M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$14.8M
1
-
3
1
Internet First Insurance Platforms (Pineapple)
(# Cos: 140 | $708M)
Internet First Insurers (RelianceHMO)
(# Cos: 53 | $26.7M)
P&C (FarmCrowdy)
(# Cos: 26 | $16.8M)
Auto (Griffin)
(# Cos: 6 | $14.8M)
Usage-based (Naked)
(# Cos: 3 | $14.8M)
Naked
(2016, $14.8M)
Griffin Intaba Financial Servi..
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Naked (2016)
$11.1M - Series A - Aug 2021

39. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Farmer to Farmer Content Platforms -
Africa
31
39
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$11.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$32.0M
1
-
6
1
Crop Tech (Aerobotics)
(# Cos: 542 | $309M)
Content Platforms (Esoko)
(# Cos: 47 | $35.7M)
Farming Advice (Tulaa)
(# Cos: 32 | $35.4M)
Farmer to Farmer (Wefarm)
(# Cos: 6 | $32.0M)
Wefarm
(2015, $32.0M)
Agricbase.com Ukulima Frontline
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Wefarm (2015)
$11.0M - Series A - Mar 2021

40. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Food Ordering Platforms - Africa
32
40
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$10.1M (▲24.7%)
4(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$19.7M
9
-
87
1
Food Tech (Tupuca)
(# Cos: 216 | $21.4M)
Food Discovery and Ordering (EatOut)
(# Cos: 136 | $20.4M)
Restaurant Aggregator (Otlob)
(# Cos: 109 | $19.7M)
Platform Delivered (elmenus)
(# Cos: 87 | $19.7M)
elmenus
(2011, $19.5M)
Tupuca DeliVroum
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
elmenus (2011)
$10.0M - Series B - Jul 2021
Jise (2020)
$100K - Angel - Oct 2021
Tayary (2016)
Undisclosed - Seed - Jan 2021
elmenus (2011)
Undisclosed - Angel - Feb 2021

41. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Online Marketplace for Drugs - Africa
33
41
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$7.5M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$24.0M
11
-
129
1
Healthcare Booking Platforms (Vezeeta)
(# Cos: 672 | $103M)
Pharmacies (Yodawy)
(# Cos: 207 | $25.5M)
Drugs (MyDawa)
(# Cos: 136 | $24.0M)
Diversified (Chefaa)
(# Cos: 129 | $24.0M)
Chefaa MyDawa
(2017, $8.0M)
Yodawy
(2018, $7.5M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Yodawy (2018)
$7.5M - Series B - Jul 2021
Yodawy (2018)
$7.5M - Series B - Jul 2021

42. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Telepharmacy For Drugs - Africa
34
42
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$7.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$7.5M
3
-
25
0
Healthcare Booking Platforms (Vezeeta)
(# Cos: 672 | $103M)
Pharmacies (3elagi)
(# Cos: 207 | $25.5M)
Drugs (MyDawa)
(# Cos: 136 | $24.0M)
Diversified (Chefaa)
(# Cos: 129 | $24.0M)
Telepharmacy (Yodawy)
(# Cos: 25 | $7.5M)
Yodawy
(2018, $7.5M)
Konsolto Mhealth Ghana
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Yodawy (2018)
$7.5M - Series B - Jul 2021

43. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
B2B Hyperlocal Delivery - Africa
35
43
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$6.7M (▲365%)
1(▼66.7%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$8.1M
6
-
23
0
Logistics Tech (Kobo360)
(# Cos: 808 | $227M)
Parcel (Kwik)
(# Cos: 300 | $78.2M)
Hyperlocal Delivery (MAX)
(# Cos: 200 | $76.6M)
B2B (Bosta)
(# Cos: 23 | $8.1M)
Bosta
(2016, $8.1M)
Wumdrop PicupSA
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Bosta (2016)
$6.7M - Series A - May 2021

44. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Internet First Working Capital Loans
Marketplaces - Africa
36
44
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$6.3M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$6.3M
3
-
11
0
Alternative Lending (Jumo)
(# Cos: 503 | $702M)
Online Lenders (OneFi)
(# Cos: 410 | $700M)
Business Loans (Kopo Kopo)
(# Cos: 77 | $62.5M)
Working Capital Loans (Pezesha)
(# Cos: 14 | $6.3M)
Marketplace (Numida)
(# Cos: 11 | $6.3M)
Numida
(2015, $2.3M)
Pezesha
(2016, $30.0K)
PayHippo
(2019, $4.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
PayHippo (2019)
$3.0M - Seed - Nov 2021
Numida (2015)
$2.3M - Seed - Apr 2021
PayHippo (2019)
$1.0M - Seed - Jul 2021
Pezesha (2016)
Undisclosed - Seed - Sep 2021

45. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Crypto Trading Platforms - Africa
37
45
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$6.2M (▼35.1%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$17.3M
7
-
87
3
Cryptocurrencies (Wala)
(# Cos: 633 | $78.6M)
Financial Services (BitPesa)
(# Cos: 539 | $75.3M)
Investment Industry (ACDX)
(# Cos: 429 | $47.8M)
Online Trading Platforms (Busha)
(# Cos: 99 | $17.3M)
Regular Trading (Ejara)
(# Cos: 87 | $17.3M)
Ejara
(2019, $2.0M)
Busha
(2018, $4.2M)
VALR
(2018, $5.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Busha (2018)
$4.2M - Seed - Nov 2021
Ejara (2019)
$2.0M - Seed - Oct 2021

46. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Internet First Point of Sale Financing -
Africa
38
46
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$6.0M (▲823%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$8.3M
4
-
14
0
Alternative Lending (Kopo Kopo)
(# Cos: 503 | $702M)
Online Lenders (Jumo)
(# Cos: 410 | $700M)
Consumer Loans (OneFi)
(# Cos: 264 | $212M)
Point of Sale Financing (Aspira)
(# Cos: 21 | $8.3M)
Direct Lender (Credpal)
(# Cos: 14 | $8.3M)
Credpal
(2017, $1.5M)
Aspira Shahry
(2019, $650K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Sympl (2021)
$6.0M - Seed - Nov 2021

47. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Internet First Banks for Businesses with Partner
Bank's License - Africa
39
47
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$5.5M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$5.5M
3
-
9
0
Banking Tech (Kuda)
(# Cos: 343 | $868M)
Internet First Banks (TymeBank)
(# Cos: 70 | $307M)
Through Bank Partnerships (Umba)
(# Cos: 47 | $8.6M)
Business Banking (Prospa)
(# Cos: 9 | $5.5M)
Prospa
(2019, $3.8M)
Brass
(2019, $1.7M)
Lenco
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Prospa (2019)
$3.8M - Seed - Sep 2021
Brass (2019)
$1.7M - Seed - Oct 2021

48. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Chari (2014)
$5.0M - Seed - Oct 2021
Chari (2014)
$240K - Seed - Jan 2021
Chari (2014)
Undisclosed - Seed - Jul 2021
B2B E-Commerce > Horizontal >
Marketplace - Africa
40
48
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B2B E-Commerce (Twiga Foods)
(# Cos: 180 | $374M)
Horizontal (Omnibiz)
(# Cos: 30 | $12.2M)
Marketplace (WaystoCap)
(# Cos: 19 | $8.2M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$5.2M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$8.2M
5
-
19
1
WaystoCap
(2014, $3.0M)
Chari
(2014, $5.2M)
Exportunity
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

49. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Opibus (2017)
$5.0M - Series A - Nov 2021
Electric Vehicle Manufacturers - Africa
41
49
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Electric Vehicles (Ecobodaa)
(# Cos: 70 | $5.4M)
Automaker (Passerine Aircraft Corporation)
(# Cos: 34 | $5.4M)
Multi Category Vehicles (Opibus)
(# Cos: 8 | $5.0M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$5.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$5.0M
3
-
8
2
Opibus
(2017, $5.0M)
Kiira Motors TIo Systems
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

50. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Car Ride Hailing - Africa
42
50
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$5.0M (▲3233%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$44.1M
13
-
301
2
Road Transport Tech (Swvl)
(# Cos: 780 | $259M)
Ride Hailing (SafeBoda)
(# Cos: 371 | $74.3M)
Cars (TemTem)
(# Cos: 345 | $44.2M)
Taxi (YASSIR)
(# Cos: 340 | $44.2M)
Intracity (Little)
(# Cos: 327 | $44.1M)
Aggregator (Gozem)
(# Cos: 301 | $44.1M)
Gozem
(2017, $12.0M)
Little
(2016, $3.0M)
YASSIR
(2017, $150K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Gozem (2017)
$5.0M - Series A - Dec 2021

51. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
CowryWise (2017)
$3.5M - Seed - Jan 2021
Akiba Digital (2017)
$1.1M - Seed - Jul 2021
BezoMoney (2019)
$200K - Seed - Apr 2021
Crowdyvest (2019)
Undisclosed - Angel - Mar 2021
Online Savings Platforms - Africa
43
51
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Investment Tech (ARM Pensions)
(# Cos: 614 | $108M)
Wealth Management Platforms
(MoneyFellows)
(# Cos: 168 | $70.2M)
Savings Platforms (CowryWise)
(# Cos: 74 | $18.7M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$4.8M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$18.7M
22
-
74
2
CowryWise
(2017, $3.7M)
MoneyFellows
(2014, $6.0M)
PiggyVest
(2016, $1.1M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

52. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Pynths (2021)
$4.7M - Series A - May 2021
Blockchain in Financial Services - Africa
44
52
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Blockchain Infrastructure (Edgeware)
(# Cos: 15 | $4.7M)
Blockchain Network (The Monero Project)
(# Cos: 9 | $4.7M)
Finance (Pynths)
(# Cos: 5 | $4.7M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$4.7M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.7M
2
-
5
1
Pynths
(2021, $4.7M)
The Monero Project Interstellar
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

53. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
CinetPay (2016)
$2.4M - Seed - Dec 2021
Wapi Pay (2019)
$2.2M - Seed - Aug 2021
Peach Payments (2013)
Undisclosed - Series A - Apr 2021
Online Business Payments - Africa
45
53
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Payments (Paga)
(# Cos: 964 | $1.7B)
Business Payments (Interswitch)
(# Cos: 536 | $1.1B)
Online Payments (Paystack)
(# Cos: 199 | $30.7M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$4.6M (▲4500%)
3(▼25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
11
$30.7M
26
-
199
1
Paystack
(2015, $11.7M)
Wapi Pay
(2019, $2.2M)
Kopo Kopo
(2011, $5.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

54. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
B2B E-Commerce > Food & Beverages > Groceries >
Processed Products > Diversified > Marketplace - Africa
46
54
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$4.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$4.5M
4
-
7
0
B2B E-Commerce (WaystoCap)
(# Cos: 180 | $374M)
Food & Beverages (Maxab)
(# Cos: 49 | $182M)
Groceries (Twiga Foods)
(# Cos: 48 | $182M)
Processed Products (Spazapp)
(# Cos: 10 | $5.6M)
Diversified (Cartona)
(# Cos: 10 | $5.6M)
Marketplace (Food Supply)
(# Cos: 7 | $4.5M)
Food Supply Cartona
(2019, $4.5M)
Spazapp
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Cartona (2019)
$4.5M - Seed - Sep 2021

55. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Vitls (2015)
$4.5M - Series A - Nov 2021
Remote Patient Monitoring Wearables -
Africa
47
55
Back to index
Wearable Technology (Vitls)
(# Cos: 39 | $7.3M)
Health and Wellness Devices (VRapeutic)
(# Cos: 20 | $7.3M)
Remote Patient Monitoring (SyncroPhi)
(# Cos: 5 | $7.3M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$4.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$7.3M
2
-
5
1
SyncroPhi
(2007, $1.4M)
Vitls
(2015, $5.9M)
Altys Group
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.

56. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Baby Vital Signs Monitoring Devices -
Africa
48
56
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$4.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$5.9M
2
-
4
1
Pediatrics (Respisense)
(# Cos: 4 | $5.9M)
Medical Devices (iThermonitor)
(# Cos: 4 | $5.9M)
Monitoring (Snuza)
(# Cos: 4 | $5.9M)
Vital Signs (Vitls)
(# Cos: 4 | $5.9M)
Vitls
(2015, $5.9M)
Snuza iThermonitor
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Vitls (2015)
$4.5M - Series A - Nov 2021

57. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Crypto Exchanges - Africa
49
57
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Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$4.3M (▼82.6%)
2(▼33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$29.5M
10
-
317
2
Cryptocurrencies (Wala)
(# Cos: 633 | $78.6M)
Financial Services (BitPesa)
(# Cos: 539 | $75.3M)
Investment Industry (Ejara)
(# Cos: 429 | $47.8M)
Crypto Exchanges (ACDX)
(# Cos: 317 | $29.5M)
ACDX
(2020, $10.0M)
OVEX
(2017, $4.0M)
Bitmama
(2017, $350K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
OVEX (2017)
$4.0M - Seed - Jan 2021
Bitmama (2017)
$350K - Seed - Oct 2021

58. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Field Sales Software - Africa
50
58
Back to index
Sales Force Automation (MarketForce360)
(# Cos: 137 | $39.6M)
Field Sales Software (Skynamo)
(# Cos: 5 | $34.7M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$4.1M (▼86.6%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$34.7M
3
-
5
1
Skynamo
(2012, $32.1M)
MarketForce360
(2017, $2.6M)
Morpheus Commerce
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Skynamo (2012)
$2.0M - Series A - Apr 2021
MarketForce360 (2017)
$2.0M - Series A - Jul 2021
MarketForce360 (2017)
$100K - Series A - Aug 2021

59. Africa Tech - Top Business Models Report Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
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61. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
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