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abela logo — Offering first time access to digital financial services.

abela

Offering first time access to digital financial services.

Founded 2020 South Africa South Africa 7 employees Grant Total: $594.02K Finance, Financial Services +1

General Information

Company Name abela
Founded Year 2020
Location South Africa South Africa +1
Employees 7
Industries Finance, Financial Services, Payments
Funding Stage Grant
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About abela

Abela is a South African startup founded in 2020, with a focus on offering first-time access to digital financial services. The company's slogan, "Offering first-time access to digital financial services," reflects its commitment to providing accessible and inclusive financial solutions. Abela.app operates as a QR-enabled payments platform, providing users with the ability to earn, spend, and save money through their cellphones. The startup operates within the Finance, Financial Services, and Payments industries, positioning itself at the intersection of technology and finance in an increasingly digital world. Notably, the company secured a ZAR94.02K grant investment from The World Bank on 10 July 2023, underscoring its potential for growth and impact. Abela's innovative approach to democratizing access to financial services makes it a compelling prospect for investors seeking transformative solutions in the fintech space.

Taxonomy: digital financial services, QR enabled payments platform, cellphone payments, earn money, spend money, save money, mobile payments, QR codes, financial inclusion, cashless transactions, digital banking, financial empowerment

Funding Rounds & Investors (3)

View All
Funding Stage Amount Investors Lead Investors Date
Grant •••••• 1
Investor
10 Jul 2023
Non Equity Assistance •••••• 1
Investor
02 Jun 2023
Grant •••••• 1 •••• •••• 03 Jun 2022

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FAQ About abela

Offering first time access to digital financial services.
abela was founded in 2020.
abela is headquartered in South Africa.
abela operates in the following industries: Finance, Financial Services, Payments.
abela has approximately 7 employees.
abela has completed 3 funding rounds, raising a total of $594.02K. The latest funding stage is Grant.
Top alternatives and competitors to abela include CashPak, ChitChat, BELBİM Elektronik Para ve Ödeme Hizmetleri A.Ş., Finance Incorporated Limited, WayaMoney. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
abela and CashPak are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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