African remittance startups to watch in 2026
- Africans abroad sent home $56 billion in remittances to Sub-Saharan Africa in 2024.
- LemFi reported handling over $1 billion in monthly payment volume and processing over $2 billion in total transactions in 2023.
- NALA raised $40 million in Series A funding and expanded operations into 11 African countries and the Philippines.
The remittance market in Sub-Saharan Africa is poised for significant growth, driven by increasing migration and the need for efficient financial solutions. Startups that prioritize user experience and regulatory compliance will likely thrive in this competitive landscape. However, the challenge remains to maintain trust and reliability as users become more discerning in their choices.
