Top startups in Ethiopia for 2024

In Ethiopia, we rank 76 startups based on an algorithm that considers factors such as total investment, quarterly employee count, and website traffic. Startups in Ethiopia are falling behind the performance of their global counterparts.

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Top Unicorns in Ethiopia for 2024

SB Score:408

Gebeya is an edtech company that provides specialized industry-specific training in software engineering, design, and digital while supporting in the vision and potential of Africans.

Industry:
Edtech
Subindustry:
Edtech

City Rank (Addis Ababa)

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Regional Rank (Eastern Africa)

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Global Rank (WorldWide)

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SB Score:400

ArifPay is a versatile mPOS system for merchants, banks, and consumers in Ethiopia. Easily transfer money, create invoices, and pay taxes with this electronic payment platform. Simplify your financial transactions with ArifPay.

Industry:
Fintech
Subindustry:
Payments

City Rank (Addis Ababa)

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Regional Rank (Eastern Africa)

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Global Rank (WorldWide)

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SB Score:384

EthioChicken is a leading poultry producer in East Africa, specializing in high-quality chicken products. Their innovative approach ensures sustainable farming practices and top-notch customer satisfaction. Join EthioChicken in their mission to provide fresh, delicious poultry to the region.

Industry:
Foodtech
Subindustry:
Agtech

City Rank (Addis Ababa)

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Regional Rank (Eastern Africa)

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Global Rank (WorldWide)

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Total amount:76

Best Startups in Ethiopia for 2024

SB Score:408

Gebeya is an edtech company that provides specialized industry-specific training in software engineering, design, and digital while supporting in the vision and potential of Africans.

Industry:
Edtech
Subindustry:
Edtech

City Rank (Addis Ababa)

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Regional Rank (Eastern Africa)

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Global Rank (WorldWide)

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SB Score:400

ArifPay is a versatile mPOS system for merchants, banks, and consumers in Ethiopia. Easily transfer money, create invoices, and pay taxes with this electronic payment platform. Simplify your financial transactions with ArifPay.

Industry:
Fintech
Subindustry:
Payments

City Rank (Addis Ababa)

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Regional Rank (Eastern Africa)

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Global Rank (WorldWide)

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SB Score:384

EthioChicken is a leading poultry producer in East Africa, specializing in high-quality chicken products. Their innovative approach ensures sustainable farming practices and top-notch customer satisfaction. Join EthioChicken in their mission to provide fresh, delicious poultry to the region.

Industry:
Foodtech
Subindustry:
Agtech

City Rank (Addis Ababa)

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Regional Rank (Eastern Africa)

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Global Rank (WorldWide)

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SB Score:380

BeU Delivery is an innovative app that connects users with a diverse selection of on-demand restaurants and dishes. It enables direct communication with stores, access to online reviews, and browsing of menus and photos, making dining choices easier and more enjoyable than ever.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Addis Ababa)

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Regional Rank (Eastern Africa)

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Global Rank (WorldWide)

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SB Score:343

young start-up beverage manufacturer preparing to introduce new and exciting brands to the East African market

Industry:
Foodtech
Subindustry:
Food and Beverage

City Rank (Addis Ababa)

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Regional Rank (Eastern Africa)

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Global Rank (WorldWide)

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ICL exists to contribute to the maintenance and enhancement of the quality of life throughout Ethiopia by encompassing a system of human and physical resource designed to meet the changing health care needs of the population it serves

Industry:
Healthtech
Subindustry:
Medtech

City Rank (Addis Ababa)

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Regional Rank (Eastern Africa)

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Global Rank (WorldWide)

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SB Score:321

Deliver Addis is Ethiopia's number one online delivery service featuring some of the best spots in town

Industry:
Transportation
Subindustry:
Logistics

City Rank (Addis Ababa)

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Regional Rank (Eastern Africa)

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Global Rank (WorldWide)

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SB Score:318

Sustainable City Infrastructure is creating waste-to-energy projects in developing nations. Their innovative approach aims to transform waste into clean energy, promoting sustainability and reducing environmental impact.

Industry:
Energy & Environment
Subindustry:
Energy

City Rank (Addis Ababa)

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Regional Rank (Eastern Africa)

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Global Rank (WorldWide)

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SB Score:315

Dodai specializes in manufacturing and assembling electric motorcycles, combining innovative design with sustainable technology. Their commitment to quality and performance ensures a thrilling riding experience, while reducing environmental impact. Dodai aims to revolutionize urban mobility, making eco-friendly transportation accessible and enjoyable for everyone.

Industry:
Hardware & IoT
Subindustry:
Manufacturing

City Rank (Addis Ababa)

0

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Regional Rank (Eastern Africa)

0

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Global Rank (WorldWide)

0

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Kacha Digital Financial Service provides a range of convenient digital financial solutions, including mobile account opening, bill payments, microcredit, microsaving, mobile money, and microinsurance. Experience seamless transactions and financial management with Kacha.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Addis Ababa)

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Regional Rank (Eastern Africa)

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Global Rank (WorldWide)

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SB Score:314

EthSwitch offers cost-effective, secure, and user-friendly e-payment infrastructure solutions. Enhance your payment process with our streamlined services.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Addis Ababa)

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Regional Rank (Eastern Africa)

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Global Rank (WorldWide)

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Total amount:76

Most Funded Startups in Ethiopia for 2024

The top three most funded startups in Ethiopia have raised total funding of more than USD 45.6M. Among the top three funded startups, the most popular industry, based on total funding, is Foodtech.

SB Score:343

young start-up beverage manufacturer preparing to introduce new and exciting brands to the East African market

Industry:
Foodtech
Subindustry:
Food and Beverage

City Rank (Addis Ababa)

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Regional Rank (Eastern Africa)

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Global Rank (WorldWide)

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SB Score:292

Orbit Health offers a variety of products and services. Our systems can help bring efficient, quality, and timely care to those who need it most.

Industry:
Healthtech
Subindustry:
Health Care

City Rank (Addis Ababa)

0

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Regional Rank (Eastern Africa)

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Global Rank (WorldWide)

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SB Score:384

EthioChicken is a leading poultry producer in East Africa, specializing in high-quality chicken products. Their innovative approach ensures sustainable farming practices and top-notch customer satisfaction. Join EthioChicken in their mission to provide fresh, delicious poultry to the region.

Industry:
Foodtech
Subindustry:
Agtech

City Rank (Addis Ababa)

0

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Regional Rank (Eastern Africa)

0

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Global Rank (WorldWide)

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Total amount:76

Top Hiring Startups in Ethiopia by Employee Number

The top three hiring startups in Ethiopia have an average employee size that is larger than to the global average. Among these, the Fintech industry features the startup with the largest workforce.

SB Score:294

ebirr is a value-aded and mobile money solution provider

Industry:
Fintech
Subindustry:
Payments

City Rank (Addis Ababa)

0

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Regional Rank (Eastern Africa)

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Global Rank (WorldWide)

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SB Score:384

EthioChicken is a leading poultry producer in East Africa, specializing in high-quality chicken products. Their innovative approach ensures sustainable farming practices and top-notch customer satisfaction. Join EthioChicken in their mission to provide fresh, delicious poultry to the region.

Industry:
Foodtech
Subindustry:
Agtech

City Rank (Addis Ababa)

0

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Regional Rank (Eastern Africa)

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Global Rank (WorldWide)

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SB Score:380

BeU Delivery is an innovative app that connects users with a diverse selection of on-demand restaurants and dishes. It enables direct communication with stores, access to online reviews, and browsing of menus and photos, making dining choices easier and more enjoyable than ever.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Addis Ababa)

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Regional Rank (Eastern Africa)

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Global Rank (WorldWide)

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SB Score:170

Kifiya Financial Technology PLC. (Kifiya) is a digital finance and payment services’ provider which leverages innovative technology to build and enable distribution channels that make financial and non-financial services affordable and accessible.

Industry:
Fintech
Subindustry:
Financial Technology

City Rank (Addis Ababa)

0

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Regional Rank (Eastern Africa)

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Global Rank (WorldWide)

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Total amount:76

Explore the Startup Ecosystem of Ethiopia

Population

(Ethiopia)

126.5 Million

new

Regional Rank

(Eastern Africa)

6th

0

Global Rank

(WorldWide)

111th

8

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Best Software & Data Startups in Ethiopia for 2024

Ethiopia startups in the Software & Data industry are underperforming their global industry peers. The top three Software & Data startups in Ethiopia have raised more than USD 3.4M, an amount that is lower than the global industry average.

SB Score:380

BeU Delivery is an innovative app that connects users with a diverse selection of on-demand restaurants and dishes. It enables direct communication with stores, access to online reviews, and browsing of menus and photos, making dining choices easier and more enjoyable than ever.

Industry:
Software & Data
Subindustry:
Apps

City Rank (Addis Ababa)

0

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Regional Rank (Eastern Africa)

0

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Global Rank (WorldWide)

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SB Score:262

iCog Labs is a team of visionary software professionals, dedicated to advancing the frontier of artificial intelligence research and applications and delivering quality products to customers, based in Addis Ababa, Ethiopia.

Industry:
Software & Data
Subindustry:
Artificial Intelligence

City Rank (Addis Ababa)

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Regional Rank (Eastern Africa)

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Global Rank (WorldWide)

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SB Score:179

EPhone is a user-friendly dialer and SMS app that helps users efficiently manage their calls and messages while saving money. With smart notifications and instant package updates, EPhone ensures a seamless communication experience for all users.

Industry:
Software & Data
Subindustry:
Software

City Rank (Addis Ababa)

0

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Regional Rank (Eastern Africa)

0

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Global Rank (WorldWide)

0

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Total amount:23

Best Fintech Startups in Ethiopia for 2024

Ethiopia startups in the Fintech industry are underperforming their global industry peers. The top three Fintech startups in Ethiopia have raised more than USD 9.63M, an amount that is lower than the global industry average.

SB Score:400

ArifPay is a versatile mPOS system for merchants, banks, and consumers in Ethiopia. Easily transfer money, create invoices, and pay taxes with this electronic payment platform. Simplify your financial transactions with ArifPay.

Industry:
Fintech
Subindustry:
Payments

City Rank (Addis Ababa)

0

View

Regional Rank (Eastern Africa)

0

View

Global Rank (WorldWide)

0

Browse

Kacha Digital Financial Service provides a range of convenient digital financial solutions, including mobile account opening, bill payments, microcredit, microsaving, mobile money, and microinsurance. Experience seamless transactions and financial management with Kacha.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Addis Ababa)

0

View

Regional Rank (Eastern Africa)

0

View

Global Rank (WorldWide)

0

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SB Score:314

EthSwitch offers cost-effective, secure, and user-friendly e-payment infrastructure solutions. Enhance your payment process with our streamlined services.

Industry:
Fintech
Subindustry:
Financial Services

City Rank (Addis Ababa)

0

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Regional Rank (Eastern Africa)

0

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Global Rank (WorldWide)

0

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Total amount:13

Best Ecommerce & Retail Startups in Ethiopia for 2024

Ethiopia startups in the Ecommerce & Retail industry are underperforming their global industry peers. The top three Ecommerce & Retail startups in Ethiopia have raised more than USD 5.05M, an amount that is lower than the global industry average.

SB Score:293

beU Delivery is a convenient food courier service that connects users with over 500 local and national favorites in Addis Ababa. From beloved neighborhood tibs spots to classic burger and fries joints, it makes enjoying delicious meals effortless and accessible for everyone.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce & Retail-Other

City Rank (Addis Ababa)

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Regional Rank (Eastern Africa)

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Global Rank (WorldWide)

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SB Score:229

Shemach is a B2B marketplace designed for small retailers, connecting them with suppliers to streamline purchasing and inventory management. By simplifying the sourcing process, Shemach empowers retailers to access a diverse range of products efficiently, helping them grow their businesses and enhance their customer offerings.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce & Retail-Other

City Rank (Addis Ababa)

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Regional Rank (Eastern Africa)

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Global Rank (WorldWide)

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SB Score:141

addisber.com is an online shopping portal that presents different significant opportunities in providing a wide range of products to its existing and potential customers.

Industry:
Ecommerce & Retail
Subindustry:
Ecommerce

City Rank (Addis Ababa)

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Regional Rank (Eastern Africa)

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Global Rank (WorldWide)

0

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Total amount:10

Top Cities for Startups in Ethiopia - 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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