About FinTech sector in Zimbabwe
The FinTech sector in Zimbabwe comprises 83 companies, including 6 funded companies having collectively raised $20K in venture capital money and private equity. Out of these, 1 is Series A+ funded.
FinTech sector in Zimbabwe has seen 1 acquisition.
This sector includes companies offering tech-enabled financial services and IT infrastructure and software for offering and managing financial services.
FinTech sector is also known as BFSI Tech.
Companies included in FinTech
Companies providing tech solutions to provide financial services like lending, banking, fundraising, insurance, etc.Companies excluded in FinTech
Companies offering traditional financial services like Banks, NBFCs, Insurance Carriers, etc.Top FinTech Companies in Zimbabwe
There are more than 83 companies in FinTech in Zimbabwe. HiMoney is the top FinTech company in Zimbabwe, ranked using Tracxn Score (what's this?).
Here are 5 of the top FinTech companies in Zimbabwe:
Company | Description | Location | Founded | Current Stage | Private Funding Raised |
|---|---|---|---|---|---|
Platform offering lending solutions | 2013 | Unfunded | - | ||
App-based platform for mobile payment solutions | Harare (Zimbabwe) | 2011 | Unfunded | - | |
Card-linked wallet | Harare (Zimbabwe) | 2014 | Unfunded | - | |
Wallet for consumer payments | Harare (Zimbabwe) | 2019 | Unfunded | - | |
Private equity and corporate advisory firm focused on tech, agribusiness, and financial services sectors | Harare (Zimbabwe) | 2011 | Unfunded | - |
Companies founded year-on-year in the FinTech sector in Zimbabwe
10 FinTech startups in Zimbabwe were founded in 2019 - 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 | - |
2024 | 2 |
2023 | 3 |
2022 | 6 |
2021 | 7 |
2020 | 7 |
2019 | 10 |
2018 | 6 |
2017 | 4 |
Funding Trends in the FinTech sector in Zimbabwe
Recent Funding Rounds in FinTech in Zimbabwe
In the year 2023, till June 2023, FinTech companies in Zimbabwe have raised $20K in equity funding across 2 rounds.
Here are some recent, important funding rounds in FinTech companies in Zimbabwe:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 5308 | 2023 | ||
Seed | 4063 | Jan 04, 2023 | ||
Seed | 5451 | Sep 2017 | ||
Angel | 6763 | Dec 27, 2016 |
Top Investors in FinTech in Zimbabwe
Taurai Chinyamakobvu is the top investor in FinTech companies in Zimbabwe based on number of companies invested.
Here are some top investors in FinTech companies in Zimbabwe:
Investor | Location | Top Portfolio Companies |
|---|---|---|
- | ||
Gaborone (Botswana) | - | |
Harare (Zimbabwe) | ||
Harare (Zimbabwe) | ||
Harare (Zimbabwe) |
M&A activity in FinTech sector in Zimbabwe
In the year 2016, till June 2016, 1 acquisition happened in FinTech sector in Zimbabwe.
Here are some recent, important acquisitions in FinTech sector in Zimbabwe:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Acqui-Hired | Jun 03, 2016 |
Top News in FinTech in Zimbabwe
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EcoCash ends loss making as profit soars in H1Telecompaper•Nov 14, 2023•EcoCash, Econet Wireless Zimbabwe
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EcoCash partners PayPal's Xoom for international remittancesTelecompaper•Jun 29, 2022•EcoCash, Xoom, Thunes, PayPal
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EZ-Link Partners With Mastercard for Greater Digital Payments CapabilitiesFinTechnews•Apr 29, 2022•EZ-Link, Mastercard, Zimswitch
•
OCBC customers to get alerts for all PayNow, FAST transfer transactionsThe Business Times•Jan 21, 2022•OCBC Bank, Paynow, fast.com
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Singaporean Digital Assets Trading Platform Sparrow to Accept PayNow TransfersCrowdfund Insider•Nov 25, 2021•Paynow, Sparrow Exchange
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BancABC partners Mastercard and Zimswitch to Revolutionise Digital Payment in ZimbabweInnovation-village•Oct 22, 2021•BancABC, Mastercard, Zimswitch
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A Partnership Between Mastercard and Zimswitch for Zimbabwe’s Payments Sector TransformationTech In Africa•Jan 09, 2021•Mastercard, Zimswitch
