Weitere ähnliche Inhalte Ähnlich wie Tracxn - Top Business Models - Africa Tech - Mar 2022 (20) Kürzlich hochgeladen (20) Tracxn - Top Business Models - Africa Tech - Mar 20222. Africa Tech - Top Business Models Report Copyright © 2022, 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 © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Funding in last 1 year
3
Payments $850M
Sports Tech $295M
Internet First Insurance Platforms $102M
Y-o-Y Funding
Top Investors by Funding Rounds
Seed
Stage
Y Combinator
Launch Africa
Future Africa
33
21
13
Early
Stage
Endeavor
Algebra Ventures
Flourish
8
6
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
Jumo
(2015, )
$120M - Series D
MNT Halan
(2017, )
$120M - Series A
TradeDepot
(2015, )
$110M - Series B
MFS Africa
(2009, )
$100M - Series C
PalmPay
(2019, )
$100M - Series A
Yoco
(2015, )
$83.0M - Series C
TymeBank
(2012, )
$70.0M - Series B
TYME
(2012, )
$70.0M - Series B
Kuda
(2017, )
$55.0M - Series B
Twiga Foods
(2014, )
$50.0M - Series C
Lagos (33%)
Ikeja (12%)
Cairo (11%)
Johannesburg (9%)
Nairobi (8%)
Others (27%)
4. Copyright © 2022, 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▲9 Business Payments Solutions $547M 7 OPay | $400M | Series C Link
2▲2 Sports Betting Platforms $293M 1 BetKing | $293M | Series C Link
3▲2 Sports Betting Platforms $293M 1 BetKing | $293M | Series C Link
4▲51 Digital Wallets $240M 12 MNT Halan | $120M | Series A Link
5▼4 Retail Banking $150M 3 TymeBank | $70.0M | Series B Link
6▲6 Retail Stores Informal Distribution $124M 6 TradeDepot | $110M | Series B Link
7-- Internet First Lenders $120M 1 MNT Halan | $120M | Series A Link
8▼2 Internet First Loan Marketplace $120M 1 Jumo | $120M | Series D Link
9▲10 B2B E-Commerce Software Suite $110M 1 TradeDepot | $110M | Series B Link
10▲11 CPG Brands Informal Distribution Solutions $110M 4 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 © 2022, 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-- Internet First Health Insurers $80.0M 2 Reliance Hea.. | $40.0M | Series B Link
13▼11 Banking Software Suite $80.0M 2 TYME | $70.0M | Series B Link
14▼11 KYC for Financial Institutions $70.0M 1 TYME | $70.0M | Series B Link
15▲75 B2B Grocery Marketplace $58.1M 5 Twiga Foods | $50.0M | Series C Link
16▲90 Online B2B Grocery Distributor $57.1M 5 Maxab | $40.0M | Series A Link
17▲5 Cryptocurrency Trading Platforms $56.2M 3 VALR | $50.0M | Series B Link
18▲73 B2B Farm Produce Marketplaces $53.2M 5 Twiga Foods | $50.0M | Series C Link
19▼12 Farming as a Service $51.8M 3 Apollo Agric.. | $32.7M | Series B Link
20▲48 Field Sales Software $44.1M 4 MarketForce360 | $40.0M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
6. Copyright © 2022, 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▲45 Retail Workforce Management $42.1M 3 MarketForce360 | $40.0M | Series A Link
22▲43 Truck Booking Marketplaces $36.9M 5 Trella | $30.0M | Series A Link
23▲1 Open Banking API Providers $33.0M 6 Stitch | $22.6M | Series A Link
24-- Hyperlocal Delivery $32.7M 8 MAX | $31.0M | Series B Link
25-- Internet First Consumer Loans $30.0M 2 Asaak | $30.0M | Seed Link
26▼13 Genomic Data Analysis Platforms $28.5M 3 54gene | $25.0M | Series B Link
27▲3 Community Based Shopping Platforms $26.1M 3 Brimore | $25.0M | Series A Link
28▼14 Genomics Sequencing Analysis Software $25.0M 1 54gene | $25.0M | Series B Link
29▼14 Life Sciences Research Services $25.0M 1 54gene | $25.0M | Series B Link
30-- Datacenter Colocation $20.0M 1 PAIX | $20.0M | Series B Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
7. Copyright © 2022, 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-- B2B Remittance $20.0M 1 AZA | $20.0M | Series B Link
32▲29 Internet First Point of Sale Financing $18.0M 2 Lipa Later | $12.0M | Seed Link
33-- White Label Prepaid Cards Solutions $16.8M 4 AppZone Group | $10.0M | Series A Link
34-- Waste To Fuel $15.6M 1 Sistema | $15.6M | Series B Link
35-- Syngas From Waste $15.6M 1 Sistema | $15.6M | Series B Link
36-- Home Furnishing Products Marketplaces $15.0M 1 Homzmart | $15.0M | Series A Link
37-- Trucking Transportation Management System $14.6M 3 Naqla | $10.5M | Seed Link
38-- GIS in Transportation $14.5M 1 WhereIsMyTra.. | $14.5M | Series A Link
39-- Traffic Data $14.5M 1 WhereIsMyTra.. | $14.5M | Series A Link
40-- Public Transport Data Collection Solutions $14.5M 1 WhereIsMyTra.. | $14.5M | Series A Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
8. Copyright © 2022, 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--
Off Grid Distributed Solar Energy Resource
Management Systems
$14.1M 2 Baobab + | $11.7M | Series A Link
42-- B2B Hyperlocal Delivery $13.7M 2 Yalla Fel Sekka | $7.0M | Series A Link
43▼12 B2C Used Cars Marketplaces $13.1M 1 Automarket | $13.1M | Seed Link
44-- Internet First Pay Per Mile Insurers $11.1M 2 Naked | $11.1M | Series A Link
45-- Internet First Usage Based Auto Insurers $11.1M 1 Naked | $11.1M | Series A Link
46▲50 Food Ordering Platforms $10.7M 5 elmenus | $10.0M | Series B Link
47▲36 B2B Horizontal Marketplaces $10.4M 5 PBP | $5.0M | Series A Link
48-- HRMS for Enterprises $10.0M 1 SeamlessHR | $10.0M | Series A Link
49-- Retail POS Solutions $8.1M 3 POSRocket | $5.0M | Series A Link
50-- B2B Processed Food Products Marketplace $7.7M 2 Cartona | $4.5M | Seed Link
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1 year.
9. Copyright © 2022, 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
appsNmobile (2015)
$1.0M - Seed - Jun 2021
TeamApt (2015)
Undisclosed - Series B - Jul 2021
Klickit (2017)
Undisclosed - Seed - Dec 2021
Business Payments Solutions - Africa
01
9
Back to index
Payments (Paga)
(# Cos: 1067 | $1.7B)
Business Payments (Kudi)
(# Cos: 565 | $1.1B)
Diversified (Interswitch)
(# Cos: 92 | $966M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$547M (▲2857%)
7(▲75%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$966M
21
2
92
6
Interswitch
(2002, $200M)
Yoco
(2015, $107M)
Ozow
(2005, $48.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
10. Copyright © 2022, 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
7
-
33
1
Gambling Tech (TheB2BLotto)
(# Cos: 239 | $377M)
Online Gambling Platforms (Betika)
(# Cos: 104 | $377M)
Betting (SportPesa)
(# Cos: 41 | $377M)
Sports (Bet.co.za)
(# Cos: 38 | $377M)
Multi Sports (BetKing)
(# Cos: 33 | $377M)
BetKing
(2018, $377M)
Bet.co.za SportPesa
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 © 2022, 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
7
-
40
1
Sports Tech (SuperSport)
(# Cos: 285 | $381M)
Sports Betting (BetTech Gaming)
(# Cos: 137 | $377M)
Betting Platforms (Bet.co.za)
(# Cos: 44 | $377M)
Multi Sports (BetKing)
(# Cos: 40 | $377M)
BetKing
(2018, $377M)
Bet.co.za SportPesa
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 © 2022, 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
Thank U Cash (2018)
$5.3M - Seed - Jan 2022
telda (2019)
$5.0M - Seed - May 2021
Asilimia (2017)
$1.0M - Seed - Nov 2021
SikaPay (2018)
$348K - Seed - Oct 2021
View all 12 Funding Rounds on Tracxn Platform
Digital Wallets - Africa
04
12
Back to index
Payments (Interswitch)
(# Cos: 1067 | $1.7B)
Consumer Payments (OPay)
(# Cos: 433 | $545M)
Wallets (Paga)
(# Cos: 210 | $488M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$240M (▲ >10K%)
12(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
4
$488M
42
-
210
6
Paga
(2009, $35.0M)
OPay
(2018, $170M)
telda
(2019, $5.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
13. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Retail Banking - Africa
05
13
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$150M (▲25%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$285M
2
-
2
1
Banking Tech (Prospa)
(# Cos: 353 | $896M)
Internet First Banks (Umba)
(# Cos: 72 | $309M)
Digital Native Banks (Kuda)
(# Cos: 13 | $298M)
Retail Banking (TymeBank)
(# Cos: 2 | $285M)
TymeBank
(2012, $193M)
Kuda
(2017, $91.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
TymeBank (2012)
$70.0M - Series B - Dec 2021
Kuda (2017)
$55.0M - Series B - Aug 2021
Kuda (2017)
$25.0M - Series A - Mar 2021
14. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Retail Stores Informal Distribution -
Africa
06
14
Back to index
In Store Retail Tech (Yoco)
(# Cos: 188 | $253M)
Informal Distribution (TradeDepot)
(# Cos: 5 | $217M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$124M (▲697%)
6(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$217M
5
-
5
4
TradeDepot
(2015, $123M)
Sokowatch
(2013, $26.9M)
MarketForce360
(2017, $42.6M)
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
MarketForce360 (2017)
$40.0M - Series A - Feb 2022
Alerzo (2018)
$10.5M - Series A - Aug 2021
Omnibiz (2010)
$3.0M - Seed - Aug 2021
MarketForce360 (2017)
$2.0M - Series A - Jul 2021
MarketForce360 (2017)
$100K - Series A - Aug 2021
15. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Internet First Lenders - Africa
07
15
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
-
30
1
Alternative Lending (Kopo Kopo)
(# Cos: 522 | $784M)
Online Lenders (OneFi)
(# Cos: 428 | $782M)
Diversified (Jumo)
(# Cos: 69 | $426M)
Direct Lender (MNT Halan)
(# Cos: 30 | $120M)
MNT Halan
(2017, $120M)
Shika Kava
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
16. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Internet First Loan Marketplace - 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 (▲126%)
1(▼50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$306M
6
-
39
1
Alternative Lending (Kopo Kopo)
(# Cos: 522 | $784M)
Online Lenders (OneFi)
(# Cos: 428 | $782M)
Diversified (MNT Halan)
(# Cos: 69 | $426M)
Marketplace (Jumo)
(# Cos: 39 | $306M)
Jumo
(2015, $305M)
Lupiya
(2016, $1.0M)
Afri Kash
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
17. Copyright © 2022, 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 Software Suite - Africa
09
17
Back to index
B2B E-Commerce (Twiga Foods)
(# Cos: 203 | $435M)
Technology Enablers (Sokowatch)
(# Cos: 21 | $171M)
E Commerce Software Suite
(TradeDepot)
(# Cos: 8 | $124M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$110M (▲1000%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$124M
5
-
8
1
TradeDepot
(2015, $123M)
Argility Garment IO
(2017, $450K)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
18. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
TradeDepot (2015)
$110M - Series B - Nov 2021
MarketForce360 (2017)
$40.0M - Series A - Feb 2022
MarketForce360 (2017)
$2.0M - Series A - Jul 2021
MarketForce360 (2017)
$100K - Series A - Aug 2021
CPG Brands Informal Distribution
Solutions - Africa
10
18
Back to index
Brands Tech (Rancard)
(# Cos: 7 | $166M)
Logistics (MarketForce360)
(# Cos: 2 | $166M)
Informal Distribution (TradeDepot)
(# Cos: 2 | $166M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$110M (▲1000%)
4(▲33.3%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$166M
2
-
2
2
TradeDepot
(2015, $123M)
MarketForce360
(2017, $42.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
19. Copyright © 2022, 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
5
-
37
2
Alternative Lending (Numida)
(# Cos: 522 | $784M)
Online Lenders (Kopo Kopo)
(# Cos: 428 | $782M)
Consumer Loans (OneFi)
(# Cos: 273 | $294M)
Personal Loans (INuka Pap)
(# Cos: 81 | $111M)
Direct Lender (FairMoney)
(# Cos: 37 | $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 (2017)
$42.0M - Series B - Jul 2021
FairMoney (2018)
$42.0M - Series B - Jul 2021
20. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Reliance Health (2020)
$40.0M - Series B - Feb 2022
RelianceHMO (2017)
$40.0M - Series B - Feb 2022
Internet First Health Insurers - Africa
12
20
Back to index
Internet First Insurance Platforms (FarmCrowdy)
(# Cos: 143 | $799M)
Internet First Insurers (Naked)
(# Cos: 55 | $119M)
Health (RelianceHMO)
(# Cos: 10 | $97.9M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$80.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$97.9M
6
-
10
4
RelianceHMO
(2017, $48.0M)
Jamii
(2016, $2.1M)
Turaco
(2019, $6.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
21. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Banking Software Suite - Africa
13
21
Back to index
Banking Tech (TymeBank)
(# Cos: 353 | $896M)
Banking Software Suite (AppZone Group)
(# Cos: 44 | $195M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$80.0M (▼27.3%)
2(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$195M
4
-
44
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)
$70.0M - Series B - Dec 2021
AppZone Group (2008)
$10.0M - Series A - Apr 2021
22. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
KYC for Financial Institutions - Africa
14
22
Back to index
RegTech (Entersekt)
(# Cos: 47 | $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
$70.0M (▼36.4%)
1( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$183M
7
-
21
0
TYME
(2012, $180M)
Inclusive Financial Te..
(2016, $17.5K)
Seamfix
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
TYME (2012)
$70.0M - Series B - Dec 2021
23. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
B2B Grocery 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
$58.1M (▲ >10K%)
5(▲400%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$119M
8
-
9
1
Online Grocery (Breadfast)
(# Cos: 359 | $281M)
B2B Ecommerce (Vendease)
(# Cos: 64 | $214M)
Multi-Category (Maxab)
(# Cos: 16 | $209M)
Marketplace (Twiga Foods)
(# Cos: 9 | $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
24. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Online B2B Grocery Distributor - Africa
16
24
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$57.1M (▲ >10K%)
5(▲150%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$90.3M
6
-
7
2
Online Grocery (Breadfast)
(# Cos: 359 | $281M)
B2B Ecommerce (Vendease)
(# Cos: 64 | $214M)
Multi-Category (Twiga Foods)
(# Cos: 16 | $209M)
E-Distributor (Maxab)
(# Cos: 7 | $90.3M)
Maxab
(2018, $61.2M)
Sokowatch
(2013, $26.9M)
Talabeyah
(2020, $1.1M)
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
One Order (2022)
$1.0M - Seed - Feb 2022
Suplias (2019)
Undisclosed - Seed - Jul 2021
25. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Cryptocurrency Trading Platforms -
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
$56.2M (▲495%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$87.3M
8
-
100
4
Cryptocurrencies (Xend Finance)
(# Cos: 661 | $148M)
Financial Services (BitPesa)
(# Cos: 560 | $143M)
Investment Industry (Busha)
(# Cos: 447 | $118M)
Online Trading Platforms (VALR)
(# Cos: 112 | $87.3M)
Regular Trading (KuCoin)
(# Cos: 100 | $87.3M)
KuCoin
(2017, $20.0M)
VALR
(2018, $55.0M)
Busha
(2018, $4.2M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
VALR (2018)
$50.0M - Series B - Mar 2022
Busha (2018)
$4.2M - Seed - Nov 2021
Ejara (2019)
$2.0M - Seed - Oct 2021
26. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
B2B Farm Produce Marketplaces - Africa
18
26
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$53.2M (▲ >10K%)
5(▲ >10K%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$114M
12
-
28
1
B2B E-Commerce (TradeDepot)
(# Cos: 203 | $435M)
Food & Beverages (JABU)
(# Cos: 51 | $185M)
Groceries (Maxab)
(# Cos: 50 | $185M)
Farm Products (Vendease)
(# Cos: 39 | $115M)
Marketplace (Twiga Foods)
(# Cos: 28 | $114M)
Twiga Foods
(2014, $110M)
Vendease
(2017, $3.3M)
FreshSource
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
FreshSource (2018)
Undisclosed - Seed - Feb 2022
27. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Apollo Agriculture (2016)
$32.7M - Series B - Feb 2022
Agricorp (2018)
$17.5M - Series A - Sep 2021
Green Gold Farms (2017)
$1.6M - Seed - Jul 2021
Farming as a Service - Africa
19
27
Back to index
Crop Tech (Aerobotics)
(# Cos: 568 | $341M)
Farming as a Service (Apollo Agriculture)
(# Cos: 61 | $130M)
Tech Enabled Services (Komaza)
(# Cos: 50 | $129M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$51.8M (▲37.9%)
3( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$129M
11
-
50
3
Komaza
(2006, $37.9M)
Apollo Agriculture
(2016, $50.5M)
Babban Gona
(2012, $20.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
28. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Field Sales Software - Africa
20
28
Back to index
Sales Force Automation (MarketForce360)
(# Cos: 145 | $79.6M)
Field Sales Software (Skynamo)
(# Cos: 5 | $74.7M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$44.1M (▲8722%)
4(▲100%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$74.7M
3
-
5
2
Skynamo
(2012, $32.1M)
MarketForce360
(2017, $42.6M)
Morpheus Commerce
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
MarketForce360 (2017)
$40.0M - Series A - Feb 2022
Skynamo (2012)
$2.0M - Series A - Apr 2021
MarketForce360 (2017)
$2.0M - Series A - Jul 2021
MarketForce360 (2017)
$100K - Series A - Aug 2021
29. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Retail Workforce Management - Africa
21
29
Back to index
Field Force Automation (Skynamo)
(# Cos: 86 | $79.8M)
Retail (MarketForce360)
(# Cos: 2 | $42.6M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$42.1M (▲8320%)
3(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$42.6M
1
-
2
1
MarketForce360
(2017, $42.6M)
Wink
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
MarketForce360 (2017)
$40.0M - Series A - Feb 2022
MarketForce360 (2017)
$2.0M - Series A - Jul 2021
MarketForce360 (2017)
$100K - Series A - Aug 2021
30. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Truck Booking 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
$36.9M (▲7288%)
5(▼28.6%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$114M
12
-
56
3
Logistics Tech (Sendy)
(# Cos: 912 | $265M)
Freight (AmiTruck)
(# Cos: 456 | $129M)
Trucking (Trella)
(# Cos: 384 | $129M)
Heavy Cargo (Lori)
(# Cos: 85 | $114M)
Marketplace (Kobo360)
(# Cos: 56 | $114M)
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
AmiTruck (2018)
$4.8M - Seed - Jan 2022
ILLA (2017)
$2.0M - Seed - Oct 2021
Ridelink (2016)
$150K - Seed - Aug 2021
Kamtar (2018)
Undisclosed - Seed - Oct 2021
31. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Stitch (2019)
$22.6M - Series A - Jan 2022
Okra (2019)
$3.5M - Seed - Apr 2021
OnePipe (2018)
$3.5M - Seed - Nov 2021
Stitch (2019)
$2.0M - Seed - Oct 2021
Duplo (2021)
$1.3M - Seed - Feb 2022
Dojah (2020)
$125K - Seed - Jan 2022
Open Banking API Providers - Africa
23
31
Back to index
Banking Tech (TymeBank)
(# Cos: 353 | $896M)
Open Banking (OnePipe)
(# Cos: 23 | $42.5M)
Banking APIs (Okra)
(# Cos: 14 | $40.0M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$33.0M (▲455%)
6(▲50%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$40.0M
10
-
14
2
Okra
(2019, $4.5M)
OnePipe
(2018, $4.5M)
Duplo
(2021, $1.3M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
32. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
MAX (2015)
$31.0M - Series B - Dec 2021
Yalla Fel Sekka (2019)
$7.0M - Series A - Feb 2022
Bosta (2016)
$6.7M - Series A - May 2021
Paps (2016)
$4.5M - Seed - Jan 2022
Kwik (2018)
$1.7M - Seed - Mar 2021
Lamma City (2019)
Undisclosed - Seed - Oct 2021
Lamma City (2019)
Undisclosed - Seed - Oct 2021
View all 8 Funding Rounds on Tracxn Platform
Hyperlocal Delivery - Africa
24
32
Back to index
Logistics Tech (Kobo360)
(# Cos: 912 | $265M)
Parcel (Kwik)
(# Cos: 335 | $92.2M)
Hyperlocal Delivery (Gokada)
(# Cos: 221 | $90.6M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$32.7M ( -- )
8( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$90.6M
20
-
221
3
Gokada
(2018, $6.9M)
Kwik
(2018, $2.0M)
MAX
(2015, $39.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
33. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Internet First Consumer Loans - 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
$30.0M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$58.0M
3
-
14
1
Alternative Lending (Numida)
(# Cos: 522 | $784M)
Online Lenders (Kopo Kopo)
(# Cos: 428 | $782M)
Consumer Loans (OneFi)
(# Cos: 273 | $294M)
Diversified (Aella Credit)
(# Cos: 39 | $58.0M)
Direct Lender (Asaak)
(# Cos: 14 | $58.0M)
Asaak
(2016, $30.0M)
Aella Credit
(2015, $3.0M)
afb Ghana
(2010, $25.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Asaak (2016)
$30.0M - Seed - Jan 2022
Asaak (2016)
Undisclosed - Seed - Jul 2021
34. Copyright © 2022, 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)
$2.0M - Seed - Dec 2021
IndyGeneUS (2020)
$1.5M - Seed - Nov 2021
Genomic Data Analysis Platforms -
Africa
26
34
Back to index
Genomics (3X4 Genetics)
(# Cos: 58 | $51.5M)
Genome Informatics (IndyGeneUS)
(# Cos: 4 | $48.5M)
Integrative Bioinformatics Platforms
(54gene)
(# Cos: 3 | $48.5M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$28.5M (▲90%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$48.5M
2
-
3
1
54gene
(2019, $45.0M)
IndyGeneUS
(2020, $3.5M)
CoCoNUT
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
35. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Brimore (2016)
$25.0M - Series A - Jan 2022
Brimore (2016)
$999K - Seed - Sep 2021
BeU (2019)
$125K - Seed - Jan 2022
Community Based Shopping Platforms -
Africa
27
35
Back to index
Social Commerce (Tendo)
(# Cos: 13 | $30.6M)
Community Based Shopping Platforms (BeU)
(# Cos: 5 | $30.4M)
Diversified (Brimore)
(# Cos: 3 | $30.4M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$26.1M (▲646%)
3(▲200%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$30.4M
2
-
3
0
Brimore
(2016, $30.3M)
BeU
(2019, $125K)
Weqasa
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
36. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Genomics Sequencing Analysis Software
- Africa
28
36
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: 38 | $48.5M)
Research & Development (IndyGeneUS)
(# Cos: 31 | $48.5M)
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
37. Copyright © 2022, 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
29
37
Back to index
Life Sciences Platforms and Tools (Quorus Biotech)
(# Cos: 40 | $45.0M)
Research Services (Synexa Life Sciences)
(# 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 RIM Pharma
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
38. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
PAIX (2016)
$20.0M - Series B - Feb 2022
Datacenter Colocation - Africa
30
38
Back to index
Data Center Infrastructure (Neotel)
(# Cos: 20 | $48.0M)
Data Center Providers (PAIX)
(# Cos: 12 | $48.0M)
Colocation (Teraco)
(# Cos: 10 | $48.0M)
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
3
$48.0M
6
-
10
1
Teraco
(2007, $28.0M)
PAIX
(2016, $20.0M)
Rack Centre
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
39. Copyright © 2022, 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
31
39
Back to index
Remittance (Paystack)
(# Cos: 137 | $167M)
Internet First Platforms (Wapi Pay)
(# Cos: 113 | $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.
40. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Internet First Point of Sale Financing -
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
$18.0M (▲2669%)
2( <> 0% )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$20.4M
7
-
18
1
Alternative Lending (Numida)
(# Cos: 522 | $784M)
Online Lenders (Kopo Kopo)
(# Cos: 428 | $782M)
Consumer Loans (OneFi)
(# Cos: 273 | $294M)
Point of Sale Financing (Credpal)
(# Cos: 27 | $22.4M)
Direct Lender (Lipa Later)
(# Cos: 18 | $20.4M)
Lipa Later
(2015, $12.0M)
Credpal
(2017, $1.5M)
Sympl
(2021, $6.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Lipa Later (2015)
$12.0M - Seed - Jan 2022
Sympl (2021)
$6.0M - Seed - Nov 2021
41. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
White Label Prepaid Cards Solutions -
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
$16.8M ( -- )
4( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$21.8M
4
-
6
2
Payments (Interswitch)
(# Cos: 1067 | $1.7B)
Enablers (Entersekt)
(# Cos: 68 | $33.1M)
White Label Solutions (Paycorp Holdings)
(# Cos: 23 | $21.8M)
Payment Cards (Union54)
(# Cos: 9 | $21.8M)
Prepaid Cards (AppZone Group)
(# Cos: 6 | $21.8M)
AppZone Group
(2008, $15.0M)
Union54
(2020, $3.1M)
_$udo
(2020, $3.7M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
AppZone Group (2008)
$10.0M - Series A - Apr 2021
_$udo (2020)
$3.7M - Seed - Mar 2022
Union54 (2020)
$3.0M - Seed - Oct 2021
Union54 (2020)
$125K - Seed - Sep 2021
42. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Sistema (2009)
$15.6M - Series B - Jan 2022
Waste To Fuel - Africa
34
42
Back to index
Solid Waste Management Tech (Jumeni)
(# Cos: 25 | $27.7M)
Waste-To-Energy (Dauerhaft Nigeria)
(# Cos: 2 | $27.6M)
Fuel (Sistema)
(# Cos: 2 | $27.6M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$15.6M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$27.6M
1
-
2
1
Sistema
(2009, $27.6M)
Dauerhaft Nigeria
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
43. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Syngas From Waste - Africa
35
43
Back to index
Renewable Energy Tech (SunCulture)
(# Cos: 38 | $66.7M)
From Waste (Sistema)
(# Cos: 1 | $27.6M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$15.6M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$27.6M
1
-
1
1
Sistema
(2009, $27.6M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Sistema (2009)
$15.6M - Series B - Jan 2022
44. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Home Furnishing Products 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
$15.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$17.2M
2
-
7
1
Home Improvements (AbegYa)
(# Cos: 87 | $44.6M)
B2C Commerce (Kemitt)
(# Cos: 72 | $44.6M)
Horizontal (Zando)
(# Cos: 36 | $44.0M)
Marketplace (Homzmart)
(# Cos: 7 | $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
45. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Trucking Transportation Management
System - 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
$14.6M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$14.6M
3
-
18
1
Logistics Tech (Sendy)
(# Cos: 912 | $265M)
Freight (Lori)
(# Cos: 456 | $129M)
Trucking (Kobo360)
(# Cos: 384 | $129M)
Technology Enablers (Tracker South Africa)
(# Cos: 275 | $14.6M)
Transportation Management System
(Freterium)
(# Cos: 18 | $14.6M)
Freterium
(2017, $4.1M)
Naqla
(2016, $10.5M)
Wassal
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Naqla (2016)
$10.5M - Seed - Mar 2022
Freterium (2017)
$4.0M - Seed - Dec 2021
Freterium (2017)
$125K - Seed - Sep 2021
46. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
WhereIsMyTransport (2015)
$14.5M - Series A - Jun 2021
GIS in Transportation - Africa
38
46
Back to index
Geographic Information Systems (Makani)
(# Cos: 95 | $27.8M)
Location Analytics (CrimeSpotter)
(# Cos: 35 | $27.8M)
Transportation (WhereIsMyTransport)
(# Cos: 12 | $27.8M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$14.5M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$27.8M
1
-
12
1
WhereIsMyTransport
(2015, $27.8M)
ChiNcoTrac Wasalny
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
47. Copyright © 2022, 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
39
47
Back to index
Data as a Service (Satrix)
(# 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 ( -- )
1( -- )
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.
48. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Public Transport Data Collection
Solutions - Africa
40
48
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 ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$27.8M
1
-
2
1
Road Transport Tech (SafeBoda)
(# Cos: 849 | $281M)
Mass Transit (Swvl)
(# Cos: 110 | $163M)
Enablers (Keolis)
(# Cos: 14 | $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
49. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Off Grid Distributed Solar Energy Resource
Management Systems - Africa
41
49
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
1
Renewable Energy Tech (The Sun Exchange)
(# Cos: 38 | $66.7M)
Solar Energy (SunCulture)
(# Cos: 26 | $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
50. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
B2B Hyperlocal Delivery - 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
$13.7M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$17.6M
6
-
23
1
Logistics Tech (Kobo360)
(# Cos: 912 | $265M)
Parcel (Kwik)
(# Cos: 335 | $92.2M)
Hyperlocal Delivery (Gokada)
(# Cos: 221 | $90.6M)
B2B (Bosta)
(# Cos: 23 | $17.6M)
Bosta
(2016, $8.1M)
Yalla Fel Sekka
(2019, $9.5M)
Wumdrop
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
Yalla Fel Sekka (2019)
$7.0M - Series A - Feb 2022
Bosta (2016)
$6.7M - Series A - May 2021
51. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
B2C Used Cars Marketplaces - Africa
43
51
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: 408 | $37.7M)
Second Hand Vehicles (ContactCars)
(# Cos: 201 | $22.5M)
Cars (AutoTrader)
(# Cos: 142 | $22.5M)
B2C Marketplace (Automarket)
(# Cos: 9 | $16.5M)
Automarket
(2020, $16.5M)
Wafa AutoBid
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
52. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Internet First Pay Per Mile Insurers -
Africa
44
52
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 ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$14.8M
3
-
6
1
Auto E-Commerce & Content (AutoTrader)
(# Cos: 408 | $37.7M)
Insurance (AiCare)
(# Cos: 26 | $14.8M)
Internet First Insurer (JaSure Financial
Services)
(# Cos: 9 | $14.8M)
Usage Based (Naked)
(# Cos: 6 | $14.8M)
Naked
(2016, $14.8M)
JaSure Financial Servi.. AiCare
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
AiCare (2020)
Undisclosed - Seed - May 2021
53. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Internet First Usage Based Auto Insurers
- Africa
45
53
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: 143 | $799M)
Internet First Insurers (RelianceHMO)
(# Cos: 55 | $119M)
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
54. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Food Ordering Platforms - 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
$10.7M (▲ >10K%)
5(▲25%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
2
$20.3M
11
-
111
1
Food Tech (Yum)
(# Cos: 260 | $40.6M)
Food Discovery and Ordering (Otlob)
(# Cos: 170 | $38.5M)
Restaurant Aggregator (OrderIn)
(# Cos: 141 | $37.8M)
Platform Delivered (elmenus)
(# Cos: 111 | $20.3M)
elmenus
(2011, $19.5M)
Yum MrD Food
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
Deliver Addis (2015)
$450K - Seed - Mar 2022
HeyFood (2021)
$125K - Seed - Jan 2022
Jise (2020)
$100K - Angel - Oct 2021
elmenus (2011)
Undisclosed - Series B - Feb 2022
55. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
PBP (2019)
$5.0M - Series A - Jan 2022
Chari (2014)
$5.0M - Seed - Oct 2021
Kamioun (2020)
$400K - Seed - Dec 2021
Chari (2014)
Undisclosed - Seed - Jul 2021
Chari (2014)
Undisclosed - Seed - Jan 2022
B2B Horizontal Marketplaces - Africa
47
55
Back to index
B2B E-Commerce (Twiga Foods)
(# Cos: 203 | $435M)
Horizontal (Chari)
(# Cos: 38 | $67.6M)
Marketplace (WaystoCap)
(# Cos: 22 | $63.6M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$10.4M (▲4233%)
5(▲400%)
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
1
$63.6M
9
-
22
2
WaystoCap
(2014, $3.0M)
Chari
(2014, $5.2M)
Jiji
(2014, $50.0M)
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
56. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
HRMS for Enterprises - 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
$10.0M ( -- )
1( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$10.2M
4
-
63
1
HRTech (Gebeya)
(# Cos: 1098 | $51.3M)
HRMS (PAYNAS)
(# Cos: 142 | $12.5M)
Suite (WorkPay)
(# Cos: 119 | $12.5M)
Enterprise (SeamlessHR)
(# Cos: 63 | $10.2M)
SeamlessHR
(2011, $10.2M)
PAYNAS SeamlessHR
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
SeamlessHR (2011)
$10.0M - Series A - Jan 2022
57. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
Retail POS Solutions - Africa
49
57
Back to index
In Store Retail Tech (TradeDepot)
(# Cos: 188 | $253M)
POS (Yoco)
(# Cos: 101 | $36.2M)
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$8.1M ( -- )
3( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
7
$36.2M
15
-
101
1
Yoco
(2013, $23.0M)
POSRocket
(2016, $7.2M)
SureSwipe
Note: The last node in the Taxonomy represents the Business Model addressed in the title of the slide.
POSRocket (2016)
$5.0M - Series A - Aug 2021
Tall Order Pos (2010)
$3.1M - Series A - Jan 2022
KudiGo (2017)
Undisclosed - Seed - Mar 2021
58. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Recent Funding Rounds
B2B Processed Food Products
Marketplace - Africa
50
58
Back to index
Taxonomy
$ Invested in last 1 year in Africa Tech
Key Stats
# Funding Rounds in last 1 year in
Africa Tech
$7.7M ( -- )
2( -- )
Funded Companies
Companies
Acquisitions
Total $ Invested
IPOs
Soonicorn Club
-
$7.7M
4
-
7
0
B2B E-Commerce (TradeDepot)
(# Cos: 203 | $435M)
Food & Beverages (Maxab)
(# Cos: 51 | $185M)
Groceries (Twiga Foods)
(# Cos: 50 | $185M)
Processed Products (Cartona)
(# Cos: 10 | $8.8M)
Diversified (Food Supply)
(# Cos: 10 | $8.8M)
Marketplace (JABU)
(# Cos: 7 | $7.7M)
JABU
(2020, $3.2M)
Food Supply Cartona
(2019, $4.5M)
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
JABU (2020)
$3.2M - Seed - Jan 2022
59. Africa Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Recent funding rounds
Investment Trends
Most Active Investors
Top Funded Business Models
Explore more on Tracxn
All Tech Companies
Africa Tech Companies
Online Travel Companies
Companies using AI in Healthcare
Companies founded by Stanford GSB Alumni
Soonicorn club in Fintech
Analyst Picks in Africa Tech
Key News in FinTech
Events in United States
Angel Investors in Africa
Bluebox
Companies Investment Activity
Miscellaneous
Company Detail Page of Swvl
Competitors of Paga
Cap Table for TransferWise
Financials for Ola
Employee Count for Revolut
Company Due Diligence Exits
Public Companies
Acquired Companies
Most Active Acquirers
Reports
Delhivery - Company Report
Novel Foods - Business Model Report
HRTech - Feed Report
FinTech - Top Business Models Report
US Tech - Top Business Models Report
US Tech - Monthly Report
59
60. Africa Tech - Top Business Models Report Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Explore other Reports on Tracxn
HRTech
InsurTech
Food Tech
Novel Foods
Blockchain Network
P2P Remittance
Business Model Reports
Consumer Digital - Africa
Enterprise Tech - Africa
FinTech - Africa
Feed Geo Reports
Company Reports
Monthly Unicorn Report
Unicorn Reports
Transferwise
Coursera
BigBasket
Feed Reports Top Business Models in PA
FinTech
Enterprise Applications
Artificial Intelligence
Geo Monthly Reports
US Tech
Europe Tech
China Tech
Top Business Models in Geo
India Tech
Israel Tech
UK & Ireland Tech
60
61. Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Africa Tech - Top Business Models Report
Thank You
61
Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Limited including but not limited to the information
contained herein ("Data") is the sole property of Tracxn Technologies Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or sell the Data or any portion
thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any portion thereof; to any other party, except
with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the Data into analysis, presentations or tools for your
customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information.
For further information please refer to our Terms of Use at www.tracxn.com