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Scrums.com Heartbeat

Top 100 Fintech Platforms in Africa

Welcome to The Scrums.com Top 100 Fintech Platforms in Africa. This is the first edition of our ranking of Africa’s leading Fintech Platforms.

Top 100 Fintech Platforms in Africa
Top 100 fintech platforms in africa

The fintech software industry in Africa

With an ever-changing and constantly developing economic climate, financial technology platforms are racing to keep in tune with an increasingly digital financial world.

With Scrums.com decades of expertise in scaling these fintech platforms, we’ve seen the companies that are currently dominating the local fintech space. So, we proudly welcome you to The Top 100 Fintech Platforms in Africa.

Over 40%
of all Fintech revenue in Africa is from South Africa¹
$1,3 Billion
was raised in 2021 alone by the Fintech start-up industry in Africa²
$230 Billion
is what the African Fintech market is likely to reach by 2025³
Scrums.com Heartbeat

The top 100 fintech platforms in Africa

At Scrums.com, we are committed to promoting innovation and growth in the African Fintech industry. As the leading software development company in Africa, we understand the potential of technology to transform the financial landscape and improve lives. That is why we are proud to introduce the Scrums.com Heartbeat, our comprehensive guide to the top 100 Fintech platforms in Africa.

Think the Forbes Top 100 list, but for fintech companies in Africa. That’s what gets our heart beating. For over a decade, Scrums.com has helped tech businesses scale with world-class software to grow within the African Fintech space. And we do it with a fiery unrelenting passion. That’s why; as a leading software development company in Africa, we know that the power technology holds can better lives and advance the financial sector.

Through painstaking research and extensive analysis of the fintech industry, our teams of experts are proud to release a carefully curated, maiden guide to the top 100 Fintech Platforms in Africa. These platforms are rated on numerous factors that we believe are helping push development and growth in the African Fintech industry. So, the list serves as a nod to these companies for their ingenuity and efforts in making waves in the industry. We want the Scrums.com Heartbeat to be a platform to give due recognition to these companies and share their stories with the world.

Moreover, we will showcase in-depth information on each platform, including the platforms’ key features, a star-scale rating, and why we believe it deserves its place on the list. We believe this will make the African Fintech industry more accessible – making it easier for budding tech entrepreneurs in Africa to comprehend, and participate in the African Fintech Industry. The list won’t stop at encouraging innovation though but serve as motivation for current fintech companies - pushing them to strive for a spot on this prestigious list.

Dually, the list will serve the people – increasing awareness, accessibility & financial inclusion by sharing these companies’ remarkable efforts. Knowledge is power, and we hope to empower the African Fintech industry by encouraging growth, investment and innovation. This will spur on greater access, democratisation & participation in the financial system - ensuring better futures for individuals and their families.

With that, we are proud to carry the torch for the African Fintech industry with Scrums.com Heartbeat - showcasing the players pulsating ripples of excellence, innovation and inclusion into the industry, while encouraging others to do so themselves.

1. https://www.bdo.co.za/en-za/insights/2022/financial-services/
2. https://furtherafrica.com/2022/12/12/african-fintech-revenues-could-grow-8-times-by-2025/
3. https://qz.com/africa-is-still-scratching-the-surface-on-fintech-penet-1849472698x

FINTECH PLATFORMS

How do we pick platforms worthy of the Scrums.com Heartbeat list?

Our product design team looked at different elements for each platform to determine the top 100 fintech platforms in Africa for 2023

Top 100 Fintech Platforms in Africa

Fintech platforms

Expert UI/UX

These fintech software platforms combine the latest UX and UI trends, strategy, technology, data, and design to solve the most complex business challenges.

  • We looked at some UI (user interface) and UX (user experience) factors such as, the overall visual appeal, layout and design of the app.
  • We also looked at the availability of help sections or customer support.
  • As well as load time, speed and general responsiveness.
Top 100 Fintech Platforms in Africa

Fintech platforms

Platform Functionality

World-class platforms need to perform optimally on web and mobile to ensure the best user experience.

  • Scrums.com breaks down and analyses the ease of use as well as the efficiency of the platform. We analyse each of them according to benefits of the platform, user experience, functionality and integrations.
  • Some of the other factors that were looked at is: the ease of navigation within the platform, as well as being clean, simple and having clear instructions on how to use it.
Top 100 Fintech Platforms in Africa

Fintech platforms

Scrums.com Ratings

As the leading software development company in Africa, we have reviewed and rated each platform against our rigorous and exceptional standards.

  • We considered both the company's & the platform's functionality. If a fintech platform excelled in all the above criteria, it’s likely you’ll find them on our list!
  • We aim to highlight the strengths of each respective platform; show what each does well, so that consumers can make informed financial decisions.
  • Scrums.com Stars™: We rated each platform on a scale of 1 to 5 Scrums.com Stars™ to present on the top 100 fintech platforms in Africa for 2022.

The top 100 fintech platforms in Africa

See the top 100 fintech platforms in Africa below
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The top 100 fintech platforms in Africa

Top fintech platforms in South Africa

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Skole

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iShout

"Scrums.com joined Shout-It-Now on our mission to empower young women in South Africa to reduce the rates of HIV, GBV and unwanted pregnancy. By developing iSHOUT!, an app exclusively for young women, and Chomi, a multilingual GBV chatbot, they have contributed to the critical task of getting information & support to those who need it most. Scrums.com continues to be our collaborative partner on the vital journey.

iShout - Empowering the youth of tomorrow
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Aesara Partners

"Scrums.com has been Aesara Partner's tech provider for the past few years; and with the development support provided by the Scrums.com team, our various platforms have evolved. Throughout the developing journey, Scrums.com has been able to provide us with a team to match our needs for that point in time."

Aesara - A global transformation practice.
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The African fintech industry

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