Startups ranked by AI-estimated valuation
Ghana’s 13 most valuable startups
A quarterly ranking of non-listed Ghanaian startups that have already raised funds, established by artificial intelligence from public information. The market sets the value; AI models estimate it.
The market at a glance
13companies ranked
4companies on the radar
about USD 56Mraised in 2025
fifth in Africa by number of startups raising USD 100K or morerounds in 2025
Ghanaian startups raised about USD 56M in 2025 according to Africa: The Big Deal, eighth in Africa by amount and fifth by number of ventures raising at least USD 100K. Deals remain small: the largest 2025 rounds were Affinity Africa (USD 8M seed) and Kofa (USD 8.1M equity and debt). In 2026 the main disclosed equity deal is Complete Farmer's USD 9.2M private placement, alongside Sika Financial's USD 2M seed extension. Sources: Africa: The Big Deal via B&FT / GNBCC, Ghana 2025, AU-Startups, Ghana funding rounds 2022-2026. Intention counters will be shown above a threshold of amount and number of Backers.
National ranking · all sectors
Snapshot18 Oct 2026A snapshot taken on 18 Oct 2026
This ranking shows the startups as they stood on 18 Oct 2026. Funding rounds, valuations and other events announced after that date are not included yet. They will be taken into account in the next edition, scheduled for 1 Nov 2026.
Spotted a more recent round? Tell us →First edition: no movements yet.
This ranking shows the startups as they stood on 18 Oct 2026. Funding rounds, valuations and other events announced after that date are not included yet. They will be taken into account in the next edition, scheduled for 1 Nov 2026.
Spotted a more recent round? Tell us →First edition: no movements yet.
| # | Company | Sub-sector | Known funding | Estimated valuation (AI) · range | Pool of InterestsInterest: a free, non-binding declaration on a company, or on a sector within an area, made during the free phase of a pool. Pool: all the Interests declared on the same target. This column shows the number of Backers and the combined amount of their tickets, to validated members only. Terms for Backers → | BackBacking a startup on Uback (pronounced “you back”) can be done in two ways: Interest · free: a non-binding declaration that signals your demand for a company or a sector. You can move or withdraw it at any time, with up to 5 at once. Intention · coming soon: a paid, confirmed declaration, still non-binding. Once its pool reaches critical mass, it is presented to a company by a partner desk. Neither is an order nor a commitment to invest. Terms for Backers → |
|---|---|---|---|---|---|---|
| 1 | FidoAccra · founded 2015 Founded by Israeli entrepreneurs; customers, licence and operations in Ghana, part of the R&D team in Israel. |
Fintech › digital lending | USD 58M+ raised Series B · USD 20M · Sep 2024 (BlueOrchard, FMO) |
Last known equity round: Series B · USD 20M · Sep 2024 (BlueOrchard, FMO)Method | Be the first | Back |
| 2 | mPharmaAccra · founded 2013 Operates in Ghana, Nigeria, Kenya, Ethiopia, Gabon and francophone Africa; co-founder Gregory Rockson became chairman and COO Kwesi Arhin CEO in September 2025. |
Healthtech › pharmacy network and drug supply | USD 70M+ raised Growth round · USD 13.6M · Jan 2024 (Sanofi Global Health Unit Impact Fund and other investors); undisclosed round in Nov 2025 |
Last known equity round: Growth round (unnamed) · USD 13.6M · Jan 2024 (Sanofi Global Health Unit Impact Fund and other investors)Method | Be the first | Back |
| 3 | CarepointAccra Formerly Africa Health Holdings; founded by Dr Sangu Delle. |
Healthtech › tech-enabled clinic network | USD 33M+ raised Series B bridge · USD 10M · May 2022 (TRB Advisors; Breyer Capital, Bayside Capital) |
Last known equity round: Series B bridge · USD 10M · May 2022 (TRB Advisors; Breyer Capital, Bayside Capital)Method | Be the first | Back |
| 4 | Complete FarmerAccra · founded 2017 Partnership with IFC and Absa Bank Ghana (2026) to extend agricultural finance to farmers. |
Agritech › farm sourcing and supply chain platform | USD 15M+ raised Private placement · USD 9.2M · Apr 2026 (accredited private investors); valued at about USD 49M when Five35 Ventures sold its stake in Mar 2026 |
Last known equity round: Private placement (Reg D 506(b)) · USD 9.2M · Apr 2026 (accredited private investors) Published valuation: USD 49M (Mar 2026)Method |
Be the first | Back |
| 5 | Affinity AfricaAccra · founded 2022 Over 50,000 customers onboarded by early 2025; founded by Tarek Mouganie. |
Fintech › digital bank | raised Seed · USD 8M · Feb 2025 (Grazia Equity, BACKED VC; Enza Capital, Launch Africa, Renew Capital, Finca International) |
Last known equity round: Seed · USD 8M · Feb 2025 (Grazia Equity, BACKED VC; Enza Capital, Launch Africa, Renew Capital, Finca International)Method | Be the first | Back |
| 6 | FarmerlineKumasi · founded 2013 Co-founded by Alloysius Attah and Emmanuel Owusu Addai; expanding to Côte d'Ivoire. |
Agritech › farmer services and sourcing | raised Pre-Series A (incl. extension) · USD 7.9M · Sep 2022 (Acumen Resilient Agriculture Fund, FMO; Oikocredit) |
Last known equity round: Pre-Series A (incl. extension) · USD 7.9M · Sep 2022 (Acumen Resilient Agriculture Fund, FMO; Oikocredit)Method | Be the first | Back |
| 7 | ZeepayAccra · founded 2014 Holds licences in Ghana, Zambia, Côte d'Ivoire, Sierra Leone, The Gambia and Barbados. |
Fintech › remittances and mobile money | USD 10M+ raised Growth equity · USD 3M · Apr 2024 (Verdant Capital Hybrid Fund; Africa50, Oikocredit, Injaro Ghana Venture Capital Fund, I&P) |
Last known equity round: Growth equity · USD 3M · Apr 2024 (Verdant Capital Hybrid Fund; Africa50, Oikocredit, Injaro Ghana Venture Capital Fund, I&P)Method | Be the first | Back |
| 8 | Yemaachi BiotechAccra · founded 2020 Office in Washington, DC; founders include Yaw Bediako. |
Healthtech › genomics and precision oncology | raised Seed · USD 3M · Mar 2022 (V8 Capital; LifeLine Family Heritage Fund, Y Combinator, Tencent, LoftyInc Capital) |
Last known equity round: Seed · USD 3M · Mar 2022 (V8 Capital; LifeLine Family Heritage Fund, Y Combinator, Tencent, LoftyInc Capital)Method | Be the first | Back |
| 9 | OZÉAccra · founded 2018 | Fintech › SME bookkeeping and lending software | raised Pre-Series A · USD 3M · Jan 2022 (Speedinvest; Cathay AfricInvest Innovation Fund, Savannah Capital, angels) |
Last known equity round: Pre-Series A · USD 3M · Jan 2022 (Speedinvest; Cathay AfricInvest Innovation Fund, Savannah Capital, angels)Method | Be the first | Back |
| 10 | Sika Financial GroupAccra · founded 2023 Founder and CEO Emmanuel Ashirifi. |
Fintech › cross-border payments infrastructure | raised Seed extension · USD 2M · Jun 2026 (Aruwa Capital Management; co-investors) |
Last known equity round: Seed extension · USD 2M · Jun 2026 (Aruwa Capital Management; co-investors)Method | Be the first | Back |
| 11 | SecondSTAXAccra Founded by Eugene Tawiah and Duke Lartey. |
Fintech › cross-border capital markets infrastructure | raised Pre-seed · USD 1.6M · Sep 2022 (LoftyInc Capital, STEMeIn; private investors) |
Last known equity round: Pre-seed · USD 1.6M · Sep 2022 (LoftyInc Capital, STEMeIn; private investors)Method | Be the first | Back |
| 12 | RedbirdAccra · founded 2018 Over 350 partner pharmacies in Ghana at the time of the seed round. |
Healthtech › pharmacy diagnostics | raised Seed · USD 1.5M · Mar 2021 (Imperial Innovation Venture Fund (Newtown Partners)) |
Last known equity round: Seed · USD 1.5M · Mar 2021Method | Be the first | Back |
| 13 | LiquifyAccra Techstars 2023 alumni; co-founders Nadya Yaremenko and Alberta Asafo-Asamoah. |
Fintech › invoice and trade finance | raised Seed · USD 1.5M · Jul 2025 (Future Africa; Launch Africa Ventures, 54 Collective, Digital Africa, Equitable Ventures) |
Last known equity round: Seed · USD 1.5M · Jul 2025 (Future Africa; Launch Africa Ventures, 54 Collective, Digital Africa, Equitable Ventures)Method | Be the first | Back |
Back · Backing on Uback (pronounced “you back”) means declaring an Interest (free) or an Intention (coming soon). Backing does not mean that this company is raising funds or that a shareholder is selling shares, and it is not a commitment to invest. Any deal, through a funding round or a sale by an existing shareholder, is handled by a partner desk: the Fundraising Desk of the country for a round, the Secondary Sales Desk assigned to the company for a sale. · Terms
Ranking in descending order of AI-estimated valuation, based on public information, with no human intervention on the order. The valuations, ranges and brackets shown are editorial estimates produced by AI, purely indicative and imperfect by nature: neither a financial valuation, nor an offer, nor investment advice. Only the market sets a company’s value, through a funding round or a sale. Ranking established by Claude (Anthropic) from public information, following the published rules. A consensus of several AIs will apply from 1 December 2026. Eligibility: at least $1M raised in equity, non-listed company, main operations in Ghana. Request a correction
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How to read this ranking
Rank
Companies are ranked by AI-estimated valuation, highest first. The market sets the value; AI models estimate it.
Estimate
An AI-estimated valuation, its uncertainty range and its order of magnitude. Indicative, and imperfect by nature.
- Hundreds of k$
- Millions $
- Tens of M$
- Hundreds of M$
- Unicorn
- Decacorn
- Hectocorn
Rankings by sector
Four verticals at launch, more when the feasibility test allows.Coming soon · Top 10
Fintech
Digital lending, mobile banking, remittances, payments infrastructure and trade finance.
Coming soon · Top 10
Health & biotech
Pharmacy networks, clinics, cancer genomics and point-of-care testing.
Coming soon · Top 10
Agritech
Farmer services, input supply, produce sourcing and farm finance.
Coming soon · Top 10
Logistics & mobility
Freight forwarding, battery swapping and electric two-wheelers.
EdtechEnergyE-commerceInsurtechProptech
The Uback Fundraising Desk in Ghana
Introductions made by a Fundraising Desk partner, currently being selected
An adviser licensed by the SEC Ghana (Securities and Exchange Commission), the only party entitled to present Backers’ demand to companies for their funding rounds. Sales of existing shares are handled by Secondary Sales Desks, assigned company by company. Uback remains a media: it ranks and aggregates intentions, it takes part in no transaction.
—deals worked on
—deals closed
—average response time
Capital raising advisers
Become Uback’s Fundraising Desk partner in Ghana
- Foreign investors you would not find on your own
- Your name on every ranking of the country
- Backers’ demand on each company, before its round opens
- The “Uback Fundraising Partner in Ghana” title on your profiles
Radar · known eligible companies, not ranked
Sorted by date of last round, with no judgement and no AI call. Undisclosed amount: the round is confirmed by the press, not its amount.
- Wahu Mobility · Mobility › electric two-wheelersFunding round · amount undisclosed · Nov 2025 (Sahara Ventures)Back
- Kofa · Energy › battery swapping for e-mobilityPre-Series A · USD 8.1M equity and debt · Apr 2025 (E3 Capital, Injaro Investment Advisors); equity share not disclosedBack
- Jetstream Africa · Logistics › digital freight forwarding and trade financePre-Series A · USD 13M equity and debt · Jan 2023 (Octerra, Wuri Ventures, Seed9); equity share not disclosedBack
- Hubtel · Fintech › payments and commerce platformVenture investment · amount undisclosed · Aug 2021 (Chanzo Capital)Back
Born in Ghana, based elsewhere
Companies of Ghanaian origin whose main operations are now abroad: not ranked, shown with the law governing their shares.
Born elsewhere, based in Ghana
Companies founded abroad whose main operations are in Ghana.
- Chowdeck · E-commerce › food and grocery delivery
Founded in Lagos in 2021; launched in Accra in May 2025 (Nigerian company)Series A · USD 9M · 2025 (Novastar Ventures lead)
Not ranked
- Dash · Shut down in Oct 2023 after raising about USD 86M
- PEG Africa · Bought by Bboxx (UK) in Sep 2022
- BezoMoney (now Exo AI) · Equity below USD 1M (USD 200K seed); the rest of its funding came from grants
- Paystack · Nigerian company with operations in Ghana; bought by Stripe in 2020
- Mazzuma · No disclosed equity round of USD 1M or more
- KudiGo · Equity below USD 1M (USD 450K seed in 2019)
- AgroCenta · Equity below USD 1M (USD 790K pre-Series A in 2021)
- Aya Data · Equity below USD 1M (USD 900K seed in 2026)
- Tendo · No disclosed equity of USD 1M or more
- meQasa · Equity below USD 1M (USD 500K in 2015)
- Esoko · No equity round in the last 10 years
- Green Gold Farms · Not a tech startup (mechanised commercial farm)
- XpressGas · Not a tech startup (LPG distributor founded in 2009)
- Rivia · No equity of USD 1M or more found
- Swoove · No disclosed equity of USD 1M or more
- Built Financial Technologies · Equity below USD 1M; early funding mainly from grants
- SeevCash · Funded by grants only
- Power Financial Wellness · Kenyan company, not Ghanaian
- Vodafone Cash / Telecel Cash, MTN MoMo, AirtelTigo Money · Created by telecom groups
The method in Ghana
Calendar. Quarterly ranking, published on the 1st of February, May, August and November. Next edition: November 1, 2026.
Eligibility: at least $1M raised in equity, non-listed company, main operations in Ghana.
Fundraising Desk sought. An adviser licensed by the SEC Ghana (Securities and Exchange Commission).
Sources. Ghanaian, African and international business and technology press (TechCabal, Techpoint Africa, Disrupt Africa, Business & Financial Times, Joy Business, Citi Newsroom, TechCrunch, Bloomberg, Reuters), Africa: The Big Deal and Briter data, company and investor announcements.