Top startups in Eastern Africa for 2024

In Eastern Africa, we rank 674 startups based on an algorithm that considers factors such as total investment, quarterly employee count, and website traffic. Startups in Eastern Africa are falling behind the performance of their global counterparts.

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Top Unicorns in Eastern Africa for 2024

SB Score:697

With over 700 digital assets available, this global cryptocurrency exchange offers Spot, Margin, P2P fiat, and Futures trading, as well as staking and lending services to its 27 million users worldwide. Join a community spanning 207 countries and regions for a seamless trading experience.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Victoria)

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National Rank (Seychelles)

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Global Rank (WorldWide)

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SB Score:53

Loft is a design and development agency. We are at the intersection between art, technology and design. By applying behavioural science to customer experience, we design engaging digital products used by millions of people.

Industry:
Software & Data
Subindustry:
Web Development

City Rank (Kampala)

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National Rank (Uganda)

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Global Rank (WorldWide)

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Total amount:2

Best Startups in Eastern Africa for 2024

SB Score:630

Liquid Telecom is an independent data, voice, and IP provider that is committed to building Africa’s digital future.

Industry:
Software & Data
Subindustry:
Software

City Rank (Quatre Bornes)

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National Rank (Mauritius)

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Global Rank (WorldWide)

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SB Score:591

M-kopa offers affordable asset financing for solar technology and other life-changing products to low-income households. Their clean-energy solutions help improve lives and provide access to essential resources for those in need.

Industry:
Energy & Environment
Subindustry:
Clean Energy

City Rank (Nairobi)

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National Rank (Kenya)

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Global Rank (WorldWide)

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SB Score:552

Tugende helps motorcycle taxi drivers own their own motorcycles in eighteen months or less instead of renting indefinitely. Ownership significantly increases income, job security and road safety.

Industry:
Transportation
Subindustry:
Automotive

City Rank (Kampala)

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National Rank (Uganda)

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Global Rank (WorldWide)

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SB Score:510

Wasoko revolutionizes small shop connectivity to the digital economy, boosting sales and market reach in emerging markets. Access essential goods and services effortlessly.

Industry:
Ecommerce & Retail
Subindustry:
Consumer Goods

City Rank (Nairobi)

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National Rank (Kenya)

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Global Rank (WorldWide)

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SB Score:498

CoinAfrique is a mobile app connecting sellers and buyers across 16 African countries through classified ads. Buy and sell easily with just a few taps on your phone.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Grand Baie)

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National Rank (Mauritius)

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Global Rank (WorldWide)

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SB Score:497

Poa! provides low cost internet to individuals and small businesses in low-income neighborhoods in East Africa. poa! offers customers access to affordable and reliable data that is 40% cheaper than network operators, free content and free online services and tools.

Industry:
Software & Data
Subindustry:
Software and Data-Other

City Rank (Nairobi)

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National Rank (Kenya)

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Global Rank (WorldWide)

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SB Score:495

Bayport Management Limited, through its subsidiaries, provides retail financial services in the Republic of Mauritius and internationally.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Quatre Bornes)

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National Rank (Mauritius)

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Global Rank (WorldWide)

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SB Score:490

Workpay is a Payroll, Benefits, Compliance & embed finance for local and remote teams in Africa.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Nairobi)

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National Rank (Kenya)

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Global Rank (WorldWide)

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SB Score:489

Twiga Foods sources fresh produce from farmers and delivers it directly to urban retailers through a B2B marketplace platform. Streamlining supply chains, they ensure quality and efficiency for both farmers and retailers.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Nairobi)

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National Rank (Kenya)

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Global Rank (WorldWide)

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SB Score:485

Cellulant is a leading multinational payments company in Africa on a mission to digitize payments for Africa's largest economies.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Nairobi)

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National Rank (Kenya)

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Global Rank (WorldWide)

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Total amount:680

Most Funded Startups in Eastern Africa for 2024

The top three most funded startups in Eastern Africa have raised total funding of more than USD 1.13B. Among the top three funded startups, the most popular industry, based on total funding, is Software & Data.

SB Score:630

Liquid Telecom is an independent data, voice, and IP provider that is committed to building Africa’s digital future.

Industry:
Software & Data
Subindustry:
Software

City Rank (Quatre Bornes)

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National Rank (Mauritius)

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Global Rank (WorldWide)

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SB Score:591

M-kopa offers affordable asset financing for solar technology and other life-changing products to low-income households. Their clean-energy solutions help improve lives and provide access to essential resources for those in need.

Industry:
Energy & Environment
Subindustry:
Clean Energy

City Rank (Nairobi)

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National Rank (Kenya)

0

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Global Rank (WorldWide)

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SB Score:495

Bayport Management Limited, through its subsidiaries, provides retail financial services in the Republic of Mauritius and internationally.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Quatre Bornes)

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National Rank (Mauritius)

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Global Rank (WorldWide)

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Total amount:680

Top Hiring Startups in Eastern Africa by Employee Number

The top three hiring startups in Eastern Africa have an average employee size that is smaller than to the global average. Among these, the Fintech industry features the startup with the largest workforce.

SB Score:495

Bayport Management Limited, through its subsidiaries, provides retail financial services in the Republic of Mauritius and internationally.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Quatre Bornes)

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National Rank (Mauritius)

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Global Rank (WorldWide)

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SB Score:294

Ebirr offers mobile money solutions with added value. Streamline your financial transactions and experience the convenience of our services on the go.

Industry:
Fintech
Subindustry:
Payments

City Rank (Addis Ababa)

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National Rank (Ethiopia)

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Global Rank (WorldWide)

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SB Score:630

Liquid Telecom is an independent data, voice, and IP provider that is committed to building Africa’s digital future.

Industry:
Software & Data
Subindustry:
Software

City Rank (Quatre Bornes)

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National Rank (Mauritius)

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Global Rank (WorldWide)

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SB Score:591

M-kopa offers affordable asset financing for solar technology and other life-changing products to low-income households. Their clean-energy solutions help improve lives and provide access to essential resources for those in need.

Industry:
Energy & Environment
Subindustry:
Clean Energy

City Rank (Nairobi)

0

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National Rank (Kenya)

0

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Global Rank (WorldWide)

0

Browse

Total amount:674

Explore the Startup Ecosystem of Eastern Africa

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Regional Rank

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Best Fintech Startups in Eastern Africa for 2024

Eastern Africa startups in the Fintech industry are overperforming their global industry peers. The top three Fintech startups in Eastern Africa have raised more than USD 237M, an amount that is higher than the global industry average.

SB Score:495

Bayport Management Limited, through its subsidiaries, provides retail financial services in the Republic of Mauritius and internationally.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Quatre Bornes)

0

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National Rank (Mauritius)

0

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Global Rank (WorldWide)

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SB Score:490

Workpay is a Payroll, Benefits, Compliance & embed finance for local and remote teams in Africa.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Nairobi)

0

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National Rank (Kenya)

0

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Global Rank (WorldWide)

0

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Total amount:130

Best Software & Data Startups in Eastern Africa for 2024

Eastern Africa startups in the Software & Data industry are overperforming their global industry peers. The top three Software & Data startups in Eastern Africa have raised more than USD 812M, an amount that is higher than the global industry average.

SB Score:630

Liquid Telecom is an independent data, voice, and IP provider that is committed to building Africa’s digital future.

Industry:
Software & Data
Subindustry:
Software

City Rank (Quatre Bornes)

0

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National Rank (Mauritius)

0

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Global Rank (WorldWide)

0

Browse
SB Score:498

CoinAfrique is a mobile app connecting sellers and buyers across 16 African countries through classified ads. Buy and sell easily with just a few taps on your phone.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Grand Baie)

0

View

National Rank (Mauritius)

0

View

Global Rank (WorldWide)

0

Browse
SB Score:497

Poa! provides low cost internet to individuals and small businesses in low-income neighborhoods in East Africa. poa! offers customers access to affordable and reliable data that is 40% cheaper than network operators, free content and free online services and tools.

Industry:
Software & Data
Subindustry:
Software and Data-Other

City Rank (Nairobi)

0

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National Rank (Kenya)

0

View

Global Rank (WorldWide)

0

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Total amount:166

Best Ecommerce & Retail Startups in Eastern Africa for 2024

Eastern Africa startups in the Ecommerce & Retail industry are overperforming their global industry peers. The top three Ecommerce & Retail startups in Eastern Africa have raised more than USD 352M, an amount that is higher than the global industry average.

SB Score:510

Wasoko revolutionizes small shop connectivity to the digital economy, boosting sales and market reach in emerging markets. Access essential goods and services effortlessly.

Industry:
Ecommerce & Retail
Subindustry:
Consumer Goods

City Rank (Nairobi)

0

View

National Rank (Kenya)

0

View

Global Rank (WorldWide)

0

Browse
SB Score:489

Twiga Foods sources fresh produce from farmers and delivers it directly to urban retailers through a B2B marketplace platform. Streamlining supply chains, they ensure quality and efficiency for both farmers and retailers.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Nairobi)

0

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National Rank (Kenya)

0

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Global Rank (WorldWide)

0

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SB Score:472

SunCulture offers solar-powered irrigation systems to Kenyan farmers, combining water pumping and drip irrigation for increased yields and water savings. The SolarDrip Kit reduces costs and benefits farmers with energy efficiency and improved crop growth.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Nairobi)

0

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National Rank (Kenya)

0

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Global Rank (WorldWide)

0

Browse

Total amount:77

Best Countries for Startups

StartupBlink ranks the startup ecosystems of more than 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
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Global RankCountryTotal Score

Access subscores for 1000 cities and 100 countries

Quantity Score
Quality ScoreBusiness Score
1st
0
United States
215.001
00.00
00.00
00.00
2nd
0
United Kingdom
55.995
00.00
00.00
00.00
3rd
0
Israel
51.557
00.00
00.00
00.00
4th
0
Canada
38.254
00.00
00.00
00.00
5th
+
1
Singapore
37.736
00.00
00.00
00.00
6th
-
1
Sweden
27.024
00.00
00.00
00.00
7th
0
Germany
25.830
00.00
00.00
00.00
8th
0
France
24.894
00.00
00.00
00.00
9th
+
1
The Netherlands
24.462
00.00
00.00
00.00
10th
+
1
Switzerland
24.081
00.00
00.00
00.00
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