About Enterprise Software sector in Ethiopia
The Enterprise Software sector in Ethiopia comprises 70 companies, including 6 funded companies having collectively raised $2.35M in venture capital money and private equity.
This sector includes companies offering cloud-based or standalone software solutions for enterprises such as ERP, CRM, HR software, etc.
Companies included in Enterprise Software
Enterprise first application providers, Cloud or web-based enterprise applicationsCompanies excluded in Enterprise Software
Consumer first software solution, Enterprise tech hardware solutions, Marketplace platform, Software development services providers, Digital transformation servicesTop Enterprise Software Companies in Ethiopia
There are more than 70 companies in Enterprise Software in Ethiopia. Kifiya is the top Enterprise Software company in Ethiopia, ranked using Tracxn Score (what's this?).
Here are 5 of the top Enterprise Software companies in Ethiopia:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Bill payment solutions for businesses | 2010 | Unfunded | - | ||
Payment switching and fraud detection solutions for banks & payment service providers | Addis Ababa (Ethiopia) | 2011 | Funding Raised | - | |
Small & medium enterprises focused PE firm | Addis Ababa (Ethiopia) | 2016 | Unfunded | - | |
Cloud-based healthcare practice management and administration solutions | Addis Ababa (Ethiopia) | 2016 | Seed | - | |
Provider of software solutions for e-commerce businesses | Addis Ababa (Ethiopia) | 2020 | Unfunded | - |
Companies founded year-on-year in the Enterprise Software sector in Ethiopia
10 Enterprise Software startups in Ethiopia were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | 1 |
2024 | 7 |
2023 | 5 |
2022 | 9 |
2021 | 8 |
2020 | 10 |
2019 | 2 |
2018 | 4 |
2017 | 2 |
Funding Trends in the Enterprise Software sector in Ethiopia
Recent Funding Rounds in Enterprise Software in Ethiopia
In the year 2021, till September 2021, Enterprise Software companies in Ethiopia have raised equity funding across 1 round.
Here are some recent, important funding rounds in Enterprise Software companies in Ethiopia:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 5850 | Sep 20, 2021 | ||
Seed | 6367 | Dec 09, 2019 | and 1 more | |
Seed | 8729 | Jun 01, 2019 |
Top Investors in Enterprise Software in Ethiopia
Renew Capital is the top investor in Enterprise Software companies in Ethiopia based on number of companies invested.
Here are some top investors in Enterprise Software companies in Ethiopia:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Addis Ababa (Ethiopia) | - | |
Frankfurt Am Main (Germany) | - | |
Addis Ababa (Ethiopia) | ||
New York City (United States) | - |
Colleges which produce the most Enterprise Software companies in Ethiopia
Companies founded by alumni from top colleges in the Enterprise Software in Ethiopia
Most number of Enterprise Software startups in Ethiopia have been founded by alumni from Imperial College London, University of Pennsylvania and Wharton School.
College | No. of companies |
|---|---|
Imperial College London | 1 |
University of Pennsylvania | 1 |
Wharton School | 1 |
Top News in Enterprise Software in Ethiopia
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Mastercard and EthSwitch partner to boost the payments sector in EthiopiaAfrica Business Communities•Apr 05, 2023•Mastercard, EthSwitch
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EthSwitch, Oromia Bank and Mastercard partner to ensure all banks ATMs accept Mastercard debit, credit, and prepaid cardsAfrica Business Communities•Nov 17, 2022•EthSwitch, Oromia International Bank, Mastercard
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Visa Roll Out Digital Payment Partnership In EthiopiaTech In Africa•Mar 18, 2021•Visa, Ethiopian Airlines, Bank of Abyssinia, Kifiya and 2 others