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Top 50 Li Fi Technology in Africa
Discover the top 50 Li Fi Technology startups in Africa. Browse funding data, key metrics, and company insights. Average funding: $11.4M.
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poa! internet
The startup provides wireless broadband services to low-income and rural communities in East Africa, utilizing advanced radio frequency technology to deliver high-speed internet access. This service addresses the lack of reliable internet connectivity, enabling users to access educational resources, trade opportunities, and social platforms at affordable rates.
Funding: $50M+
Rough estimate of the amount of funding raised
SiLC Technologies
SiLC Technologies develops a coherent FMCW LiDAR vision sensor that provides high-resolution, 4D imaging data for vehicles and AI robots, enabling them to accurately classify objects in real-time. This technology addresses the need for enhanced machine perception in mobility, perimeter security, and industrial automation applications.
Funding: $50M+
Rough estimate of the amount of funding raised
Asaak
The startup offers a mobile-based microfinance platform that streamlines lending operations, underwriting, and loan servicing for businesses. By providing access to digital finance tools, it enables clients to efficiently manage their financial services and expand their customer reach.
Funding: $20M+
Rough estimate of the amount of funding raised
avivpay
avivpay is a geo-location enabled fintech platform that allows users to access cash instantly through their smartphones by connecting them with nearby Instant Money Providers. This service eliminates the limitations of traditional POS and ATM systems, providing a more accessible and efficient cash withdrawal solution.
littlefishapp
littlefish is a white-label merchant success platform that provides banks with real-time data and pre-connected tools to enhance the financial services offered to micro, small, and medium enterprises (MSMEs). By enabling efficient transaction management and customer retention strategies, littlefish addresses the challenges MSMEs face in accessing funding and managing their operations effectively.
Sheeva.AI
Sheeva.AI provides a cross-platform in-car payments solution that utilizes patented geolocation algorithms to enable precise location-based services for drivers. This technology facilitates seamless transactions for fuel, parking, and other services directly through the vehicle's infotainment system, enhancing the overall driver experience without the need for additional apps or infrastructure.
Thinxtra, The IoT Telco
Thinxtra provides low-power wide-area network (LPWAN) connectivity through SIGFOX technology, enabling real-time data transmission from IoT devices across Australia and New Zealand. Their solutions enhance operational efficiency by delivering actionable insights for asset tracking, smart utilities, and facilities management, addressing the need for reliable and cost-effective IoT infrastructure.
Funding: $20M+
Rough estimate of the amount of funding raised
MarketForce
The startup offers a sales and distribution automation platform that enables field agents to electronically record activities and collect data using handheld devices. This technology provides real-time order processing and lead capture over mobile networks, enhancing operational efficiency and productivity for businesses in the distribution sector.
Funding: $50M+
Rough estimate of the amount of funding raised
OVEX
The startup has developed a blockchain platform that provides liquidity for all crypto assets through secure and transparent digital trading. This platform enables users to efficiently buy, sell, store, transfer, and earn interest on their cryptocurrency investments, addressing the lack of liquidity in the crypto market.
Funding: $3M+
Rough estimate of the amount of funding raised
iiDENTIFii
iiDENTIFii offers a remote biometric identity authentication platform that utilizes facial recognition and liveness detection to verify user identities in real-time. This technology addresses the challenges of identity fraud and regulatory compliance by providing secure, triangulated authentication for customer onboarding across various devices.
Funding: $10M+
Rough estimate of the amount of funding raised
oliv
Oliv Finance provides a paperless platform for small businesses to finance their e-invoices within 48 hours, utilizing a credit engine that analyzes business performance data in minutes for instant credit approval. This service addresses the financing gap faced by small businesses by offering transparent pricing with no hidden fees and no technical integration requirements.
Credrails
Credrail provides a financial technology platform that integrates banking, mobile money, and financial data into a single API, facilitating seamless interoperability for transactions across Africa. The solution automates reconciliation processes, ensuring accurate tracking of cash positions and reducing discrepancies in financial operations.
Funding: $3M+
Rough estimate of the amount of funding raised
Kofa
Kofa develops a network of swappable electric batteries to provide on-demand, low-cost, clean energy solutions for homes, businesses, and electric vehicles across Africa. This technology addresses the lack of reliable and affordable energy access, enabling users to reduce costs and carbon emissions while enhancing productivity.
Funding: $5M+
Rough estimate of the amount of funding raised
Solar MD
Solar MD manufactures Lithium-Ion battery storage systems utilizing Lithium Iron Phosphate chemistry for residential, commercial, and utility-scale applications, ensuring safe and efficient energy management. Their solutions provide reliable backup power and optimize energy consumption, addressing the challenges of energy access and high electricity costs in Africa.
Funding: $10M+
Rough estimate of the amount of funding raised
Trade Lenda
Trade Lenda is a digital finance platform that provides MSMEs with quick access to working capital, invoice discounting, and purchase order financing without the need for collateral or lengthy applications. By facilitating immediate funding, the platform addresses the cash flow challenges faced by small businesses, enabling them to manage operations and seize growth opportunities efficiently.
Kotani Pay
Kotani Pay offers a technology stack that integrates blockchain protocols and decentralized applications (dApps) for FinTech companies, enhancing interoperability and scalability within blockchain ecosystems. This solution enables seamless transactions and improves user experiences by addressing the limitations of existing blockchain infrastructures.
Funding: $3M+
Rough estimate of the amount of funding raised
Powerhive
This company provides a cloud-based platform that develops and operates renewable microgrids for off-grid communities in emerging markets. Their service delivers affordable and reliable electricity, enabling rural customers to power appliances and income-generating equipment.
Funding: $5M+
Rough estimate of the amount of funding raised
ProXalys
The startup provides a financial technology platform that offers digital credit, payment processing, and financial management tools tailored for underserved entrepreneurs. This solution enables small businesses and informal retailers to access essential financial services, enhancing their operational efficiency and economic stability.
Funding: $500K+
Rough estimate of the amount of funding raised
Lidya
Lidya is a financial services platform that digitizes loan processes and automates collections, enabling businesses in Nigeria to efficiently manage credit and payment operations. By providing real-time access to transaction data and facilitating instant money transfers, Lidya addresses the challenges of limited access to credit and inefficient payment collection in emerging markets.
Funding: $10M+
Rough estimate of the amount of funding raised
Noqood Holding
Noqood Holding develops fintech solutions for the financial services industry. They likely offer technology-driven products or services that aim to improve or automate financial processes.
Be Wireless Solutions
The startup manufactures wireless sensors that enable real-time monitoring and data collection for various connected objects. This technology provides customers with integrated services that enhance resource efficiency across multiple industries.
Funding: $2M+
Rough estimate of the amount of funding raised
ZinariPay
The startup provides a secure cryptocurrency payment platform utilizing blockchain technology to facilitate instant transactions with end-to-end encryption. This solution addresses the challenges of transaction speed and security in digital currency exchanges, enabling businesses to accept payments with confidence.
Fuspay Technology
Fuspay provides blockchain-based payment infrastructure that enables wallet interoperability and enhances financial inclusion across diverse global markets. By facilitating seamless transactions among various financial players, Fuspay empowers new entrants to offer essential financial services within their communities.
OkHi
OkHi offers an AI-powered digital addressing system that enables businesses to capture and verify customer locations within their mobile apps. This solution improves customer acquisition and reduces operational costs for financial institutions and logistics companies by providing accurate, verifiable location data.
Touch and Pay Technologies
Touch and Pay Technologies provides NFC-powered solutions to facilitate microtransactions across various sectors in Africa, enhancing financial inclusion and literacy. The company addresses the challenges of cash dependency and limited access to digital payment systems by offering both offline and online payment options through its Cowry card and app.
Baseeta - بسيطة
The startup operates a financial platform that offers tech-enabled installment financing specifically for medical services, catering to customers facing cash shortages. By streamlining the application process and providing quick access to funds, the platform enables users to afford necessary healthcare without financial strain.
TooMuchWifi
This startup provides affordable internet services to underserved urban communities using enhanced networking technology that optimizes bandwidth for streaming, studying, and remote work. By delivering reliable and cost-effective internet connections, the company addresses the digital divide faced by homes and businesses in these areas.
Funding: $1M+
Rough estimate of the amount of funding raised
Futa
Futa offers a mobile app that facilitates cashless payments for both online and offline transactions. The platform prioritizes secure money transfers and aims to simplify digital financial transactions for its users.
Tuma
Tuma™ utilizes softPOS technology to convert NFC-enabled smartphones into secure payment terminals, allowing businesses to accept card and digital payments without additional hardware. This solution addresses the challenge of limited payment acceptance options for small merchants, enabling them to process transactions and manage sales data efficiently from their mobile devices.
Funding: $500K+
Rough estimate of the amount of funding raised
CardoO™
This startup develops Internet of Things (IoT) lifestyle products, including virtual reality simulators, smartwatches, and wireless earbuds, to enhance daily activities through seamless connectivity and user interaction. By providing a range of smart electronic devices, the company enables users to integrate technology into their routines, improving convenience and efficiency in everyday tasks.
Funding: $500K+
Rough estimate of the amount of funding raised
Jahazii
The startup operates a lending platform that digitizes loan sourcing through bank statement analysis and automated due diligence, enabling lenders to assess creditworthiness based on consolidated business data. This technology accelerates lending decisions by providing a streamlined process that reduces the time and effort required for traditional credit evaluations.
Funding: $100K+
Rough estimate of the amount of funding raised
Clane
The startup offers a mobile financial platform that provides digital payment services, enabling users to manage their finances with quick settlements and minimal downtime. This platform addresses the need for efficient and affordable financial services, enhancing accessibility for individuals and businesses alike.
Funding: $5M+
Rough estimate of the amount of funding raised
Tyms
The startup offers accounting and finance automation software that utilizes machine learning algorithms to streamline financial reporting and transaction processing for businesses. This technology reduces manual data entry errors and accelerates financial workflows, enabling companies to improve accuracy and save time.
Wicrypt
Wicrypt provides a decentralized network that allows users to share their internet connection through hotspot hubs while earning Wicrypt Network Tokens ($WNT) based on data usage. This platform addresses the lack of affordable internet access by enabling users to set their own rates and monetize their Wi-Fi sharing.
Hero-CX
The startup offers a fintech platform that facilitates digital lending and payment solutions for vehicle owners and transport companies. By enabling access to essential traffic services, maintenance, and insurance through manageable weekly payments, the platform enhances financial stability and expense management in the transportation sector.
Funding: $3M+
Rough estimate of the amount of funding raised
FLOOSS
This fintech company offers a mobile app providing digital financing and payment solutions. The platform aims to streamline financial transactions and provide accessible financial services through mobile technology.
Credify
Credify is a fintech startup that utilizes blockchain technology to provide secure and transparent identity verification for financial transactions. This approach addresses the issue of fraud and identity theft, enabling businesses to confidently authenticate users while reducing operational risks.
ChapChap
This startup develops a financial technology platform that utilizes digital and mobile technology to provide low-income individuals and businesses with access to affordable credit and essential financial services. By addressing the lack of gainful employment and trade opportunities, the platform enables users to improve their economic conditions and access vital resources.
Funding: $300K+
Rough estimate of the amount of funding raised
Droppa
This startup provides an on-demand logistics platform that utilizes a mobile application and an interactive booking system for transporting parcels, goods, and furniture. Users benefit from real-time tracking and secure payment options, enabling affordable courier services for lightweight items.
Funding: $500K+
Rough estimate of the amount of funding raised
Copia Global
Copia Global builds a decentralized distribution network using local entrepreneurs to deliver essential goods and services to underserved communities. Their technology platform and micro-distribution hubs optimize inventory and logistics, providing reliable access and creating economic opportunities.
Lupiya
Lupiya is a marketplace that connects borrowers with micro-loan providers, utilizing a digital platform to facilitate quick and secure transactions. The service addresses the lack of accessible financing options for individuals and small businesses in need of small amounts of capital.
SparsPay
SparsPay utilizes blockchain technology and artificial intelligence to facilitate secure and efficient payment processing for individuals and businesses. This approach addresses the challenges of transaction speed and security in traditional payment systems, enabling faster and more reliable financial exchanges.
Raseedi
Raseedi is a fintech app that enables users to make free calls over Wi-Fi or data within their Raseedi Circle while providing access to daily savings on telecom, food, and medical services. The platform offers advance credit for bill payments without paperwork and allows users to earn loyalty points that can be redeemed for recharges and payments.
gnuGrid CRB
The startup operates a financial technology platform that provides a credit reference bureau, collecting and validating credit data on individuals and businesses to create detailed credit profiles. This enables credit providers to access accurate credit reports and scores, facilitating informed lending decisions and promoting financial inclusion in underserved communities.
Funding: $500K+
Rough estimate of the amount of funding raised
BankWise
BankWise offers a data-free banking platform that enables users in Africa to send money, pay bills, and purchase airtime without requiring an internet connection. This service addresses the lack of reliable internet access, facilitating financial transactions for over one billion people and promoting financial inclusion across the continent.
Oola Technologies
The startup develops software that facilitates digital insurance processes through automated underwriting and claims management. This technology enhances operational efficiency for insurers while providing customers with faster policy issuance and claims resolution.
Funding: $300K+
Rough estimate of the amount of funding raised
Blackcopper (Techstars '22)
This startup provides digital financial services that utilize machine learning algorithms to analyze alternative data for small and medium-sized businesses. By creating detailed business profiles, it offers tailored loan and investment opportunities to enhance financial accessibility for underserved entrepreneurs.
OnePipe
OnePipe provides a suite of APIs that enable banks to integrate financial services directly into their platforms, facilitating account-to-account payments, credit offerings, and customer consent management without the need for extensive coding. This infrastructure addresses the inefficiencies of traditional payment systems and enhances financial inclusion by allowing businesses to offer seamless payment solutions and managed credit lines to their customers.
OnePipe
The startup operates a fintech platform that integrates banking and financial services through a standardized API gateway, facilitating seamless connections between banks and various fintech applications. This solution addresses the complexity of managing multiple financial integrations and transfers, enabling clients to streamline their financial operations efficiently.
awamo GmbH
The startup offers a microfinance platform that digitizes credit, risk, and portfolio management processes, enabling seamless data sharing between lenders. By reducing transaction costs and default risks, the platform lowers interest rates and enhances operational efficiency for microcredit providers.
Funding: $2M+
Rough estimate of the amount of funding raised