Mukuru vs SOLmate
Mukuru
One of the largest money transfer providers in Africa and a leading next-generation financial services platform
2356 employees · est. 2004 · South Africa
Mukuru is the older company (2004 vs 2017); Mukuru is the larger of the two.
Side-by-Side Comparison
| Metric | Mukuru | SOLmate |
|---|---|---|
| Founded | ||
| Founded | 2004 older | 2017 |
| Headquarters | ||
| Headquarters | South Africa | South Africa |
| Employees | ||
| Employees | 2356 larger | 44 |
| Industry | ||
| Industry | Finance, Financial Services, Fintech | Finance, Financial Services, Payments |
| Funding Stage | ||
| Funding Stage | Not tracked yet | Seed |
| Total Funding | ||
| Total Funding | Not tracked yet | $4.30M |
| Funding Rounds | ||
| Funding Rounds | Not tracked yet | 1 |
| Services | ||
| Services | money transfer, Mukuru Pay, Mukuru Card, Mukuru Wallet, Mukuru Funeral Cover | SOLmate Account, Physical & Virtual Card Services, Cash In/Out at Stores, ATM Withdrawals & Deposits, EFT Payments, E-wallet Transfers, WiCode Payments |
| Target Customers | ||
| Target Customers | individuals sending money to family internationally, online shoppers preferring cash payments, customers requiring financial services in Africa, people seeking funeral insurance and cover | Migrant Workers, Unbanked Individuals, Low-income Earners, Digital-savvy Users, Transnational Families |
| Taxonomy | ||
| Taxonomy | Money Transfer ServicesInternational RemittanceMigrant Diaspora SolutionsDigital Financial InfrastructureValue-Added Financial ServicesFuneral Cover +8 | Underbanked Population ServicesDigital Banking SolutionsPayment PlatformVirtual Debit CardFinancial InclusionDigital Wallet +9 |
| Website | ||
| Website | mukuru.com | solmate.co.za |
About Mukuru
Mukuru, established in 2004, has emerged as one of Africa's largest money transfer providers and a pioneering force in next-generation financial services. This South African fintech company primarily targets the continent's migrant diaspora, offering them reliable and affordable international money...
About SOLmate
SOLmate, a fintech startup founded in 2017 and headquartered in South Africa, is on a mission to transform the financial services landscape for underbanked populations. With its slogan, "Your Money. Your Life. Your Way.", the company emphasizes flexibility and empowerment for its users. SOLmate's pl...
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Compiled from the BounceWatch company index. We last looked at Mukuru on 31 Mar 2026, and SOLmate on 11 Apr 2026. Where a field is blank here, it means we have not recorded it — not that the answer is zero. How we source and date this.
