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The Startup Ecosystem of Cameroon

Cameroon has 2 cities in the top 1000 and is one of Central Africa’s best countries for setting up a startup.

COUNTRY RANKING

Cameroon’s startup scene saw an increase in 2024 and jumped 2 spots from the previous year, outranking Algeria.

Population

28.6
Million

Regional Ranking

2nd
0
In Central Africa

Global Ranking

114th
+
2
Worldwide

Startups

Cameroon Top Startup Industries

Software & Data icon
Software & Data
15 startups
Fintech icon
Fintech
14 startups
Ecommerce & Retail icon
Ecommerce & Retail
6 startups

Ecosystem HealthCheck

Cameroon Ecosystem Health Check

The health check tables allow you to look at the performance Cameroon has in each of the parameters that are part of StartupBlink's ranking algorithm. There are five tables, corresponding to the three subscores, the subscore analysis and industry ana...

  • Overperformance
  • Performance equal to global ranking
  • Underperformance
IndustryGlobal rankMomentum YoYNumber of Startups
Global11447
Ecommerce & RetailN/A06
Edtech00.0000.0000.00
Energy & Environment00.0000.0000.00
Fintech00.0000.0000.00
Foodtech00.0000.0000.00
Hardware & IoT00.0000.0000.00
Healthtech00.0000.0000.00

ECOSYSTEM

Browse the startup ecosystem database of Cameroon

Download list
Diool startup logo
Software & Data | Apps
Unranked
Waspito startup logo
Software & Data | Apps
Unranked
PaySika startup logo
Fintech | Online Banking
Unranked
Bitkap startup logo
Fintech | Financial Services
Unranked
FASTAIGEN startup logo
Software & Data | Artificial Intelligence
Unranked
MOLO MOLO PAY startup logo
Fintech | Financial Services
Unranked
CamPay startup logo
Fintech | Financial Services
Unranked
PHILJOHN TECHNOLOGIES startup logo
Edtech | Education-Other
Unranked
Giftedmom startup logo
Healthtech | Health Care
Unranked
SUITCH SAS startup logo
Fintech | Financial Services
Unranked
geo-advantage startup logo
Software & Data | Data Analytics
Unranked

Browse 36 more startups in Cameroon with the pro account.

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Startup Ecosystem Charts

Startup Funding in Cameroon2017 - 2024

Startup Funding in Cameroon 2017 - 2024

From 2022 to 2023, startup funding in Cameroon has increased by 88.15%. During this period, the number of deals in Cameroon has increased by 62.5%. Since 2017, total startup funding in Cameroon exceeded US$ $24.95M.

Average Funding in 2023

$472.92K

Cameroon
Central Africa
+15.78% YoY

Funding in 2023

$6.15M

Cameroon
Central Africa
+88.15% YoY

Deals in 2023

13

Cameroon
Central Africa
+62.50% YoY

USD

Amount of Funding (USD)

Number of Deals

20172018201920202021202220232024$0.00$15.00B$30.00B$45.00B$60.00B0481216

Ecosystem

The Startup Ecosystem in Cameroon

In 2024, Cameroon register a rise in Software & Data startups. Some of the most notable success stories in this industry are those of , Diool.

Global Rank

Cameroon is ranked below the top 1000 startup ecosystems globally.

Top Industries

Cameroon’s startup scene is best represented in Software & Data, Fintech, and in Ecommerce & Retail.

Top Cities for Startups in Cameroon - Ranked by StartupBlink

StartupBlink ranks the startup ecosystems of more than 100 countries and 1,000 cities. Download our latest Global Startup Ecosystem Report.
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Pro
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2024 National Rank CityGlobal Rank
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Total Score

Access subscores for 1000 cities and 100 countries

informational icon
Quantity Score
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Quality Score
informational icon
Business Score
1st
0
778th
+
123
0.198
00.00
00.00
00.00
2nd
0
943rd
new
0.133
00.00
00.00
00.00
3rd
0
1224th
new
0.061
00.00
00.00
00.00
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Download CSV file
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Startups

Notable Startups in Cameroon
Diool startup icon
Diool
Waspito startup icon
Waspito
PaySika startup icon
PaySika

BLOG

Recent Posts

Mon Apr 14 2025

From Service-Based to Product-Based Economy – Lessons from North Macedonia

In this special episode of the Startup Ecosystem Podcast, we revisit a conversation from two years ago, recorded during a visit to North Macedonia. Eli David Rokah, CEO of StartupBlink, sits down with Igor Madjov, founder of Startup Macedonia, to explore how Skopje is evolving from a service-based IT outsourcing city into a product-driven startup […]

Wed Apr 02 2025

Corporate Startup Activity Index 2025

For the first time ever, 372 corporations across 30 countries, 11 major industries, and 10 sub-industries have been ranked based on how actively they engage with startups. StartupBlink’s Corporate Startup Activity Index  is the world’s first benchmark for corporate startup engagement — powered by real data, global partnerships with top corporations, governments and data sources, […]

Thu Mar 06 2025

The Impact of Government Support on Startups

A robust startup ecosystem creates a sense of community that brings entrepreneurs together and helps them feel less isolated. It gives them access to mentors, advisors, fellow entrepreneurs, and talents. The foundation of such an ecosystem largely relies on government support. Good policies create a fair and supportive environment that helps startups grow. Bad policies […]