Top startups in Uganda
There are 3,939 startups in Uganda which include SafeBoda, Numida, Xeno, GOGO, ChapChap. Out of these, 459 startups are funded, with 16 having secured Series A+ funding. Higher Education Institutions ($543M) and Biopharma Outsourcing ($435M) are the top-funded sectors in Uganda, with over 50 companies, including Makerere University and Islamic University In Uganda. Kampala (290), Mbarara (12), and Gulu (6) are the top cities by number of startups hosted. In the last five years, 105 companies raised over $1.7B in funding across 242 rounds. The number of companies founded have declined by 73.3%, from 60 companies in 2024 to 16 companies in 2025.
Here is the list of top startups in Uganda
1. SafeBoda
SafeBoda is a on-demand motorcycle taxi catering to Africa. As per the local need safe Boda primarily focuses on safety, security and trust between the driver and passenger owing to a number of safety complaints with offline players. Their mobile app platform and we serve +1,000 users per day and have +750 installs across Android and iOS platforms.
Key facts about SafeBoda
2. Numida
Online marketplace for working capital loans. It enables semiformal micro and small businesses with digital working capital loans. Its underwriting process enables to verify businesses and grow loan limits. It offers an app-based platform that is available on Android devices.
Key facts about Numida
- Founded Year: 2015
- Location: Kampala (Uganda)
- Stage: Seed
- Total Funding till date: $10.1M
- Investors: MFS Africa, Serena Ventures and 10 Others
- Latest Funding Round: Conventional Debt, Sep 28, 2022, $*****
- Tracxn Score: 58/100 What is this?
- Competitors Rank: 1 of 1 Competitors
3. Xeno
Online platform for goal-based savings. The company offers a platform for goal-based investments. It allows users to track and create goal-based financial plans.
Key facts about Xeno
- Founded Year: 2016
- Location: Kampala (Uganda)
- Stage: Seed
- Total Funding till date: $2.65M
- Investors: Beyond Capital Ventures, Plesion Capital and 2 Others
- Latest Funding Round: Seed, Jan 06, 2023, $*****
- Tracxn Score: 52/100 What is this?
- Competitors Rank: 1 of 5 Competitors
4. GOGO
Provider of electric conversion kits for motorcycles. The company offers conversion kits with components like electric motors, lithium-ion batteries, controllers, and more.
Key facts about GOGO
- Founded Year: 2017
- Location: Kampala (Uganda)
- Stage: Seed
- Total Funding till date: $2.6M
- Investors: ElectriFI and AGG
- Latest Funding Round: Seed, Nov 03, 2025, $*****
- Tracxn Score: 50/100 What is this?
- Competitors Rank: 1 of 1 Competitors
5. ChapChap
Mobile-based payment platform for individuals and businesses. It allows individuals to transfer money, pay for utility bills, and make mobile recharges. For businesses, it offers instant cashback for transactions, transaction history, records and analysis of sales transactions, inventory management, and tracking expenditure. It provides customer and merchant application that is available on both Android and IOS platforms.
Key facts about ChapChap
- Founded Year: 2016
- Location: Kampala (Uganda)
- Stage: Seed
- Investors: Nordic Impact Funds, Inclusive Fintech 50 and 1 Other
- Latest Funding Round: Seed, Feb 10, 2022, $*****
- Tracxn Score: 46/100 What is this?
- Competitors Rank: 1 of 12 Competitors
