6 African Startups Named In Cb Insights Annual List Of 100 Most Promising Private Fintech Companies

CB Insights recently unveiled its 2024 Fintech 100 list, showcasing the world's 100 most promising private Fintech startups.

Now in its seventh year, the Fintech 100 cohort spans 23 countries across six continents and highlights companies that are pushing the boundaries of financial technology. Among them are six African startups, a record-breaking presence that highlights Africa's rising influence in global fintech.

These African companies-Dopay, NALA, Peach Payments, Stitch, Telda, and WorkPay-are addressing vital financial needs, from payroll solutions to cross-border payments, and are reshaping financial services across the continent.

The Fintech 100's international scope is notable, with over half of the 100 companies based outside the United States. The United Kingdom follows with 12 companies on the list, while Canada and Singapore each contribute six. But the focus on emerging economies is particularly evident: 17 companies, including the six African startups, are from countries like Brazil, India, Kenya, and South Africa. This marks a shift towards financial solutions designed to enhance accessibility and meet the specific needs of underserved populations.

Each of Africa's featured companies brings a unique, transformative service to the continent: