P1 Ventures

Established in 2020, P1 Ventures is an early-stage venture capital firm headquartered in Cairo, Egypt. It focuses on investing in African industrial technology startups.

Hisham Halbouny

General Partner

35 past transactions

Raenest

Series A in 2025
Raenest is a financial technology company that provides a comprehensive platform for startups and freelancers to manage invoicing and payments across multiple currencies. The company streamlines the process of sending invoices, receiving deposits, and processing payments, allowing users to easily pay contractors, vendors, and freelancers globally. Raenest's services include automated onboarding and verification, as well as the creation of virtual cards, which facilitate efficient coordination of payments while ensuring compliance with tax regulations. By offering fast and cost-effective money transfers, Raenest empowers African individuals and businesses to navigate the complexities of cross-border transactions with ease.

Stakpak

Pre Seed Round in 2025
Stakpak is a technology company that develops an AI-powered platform for software developers. This platform serves as an Integrated Development Environment (IDE), assisting developers in building and maintaining production-ready infrastructure. It offers a free command line interface (CLI) that generates and manages configurations, analyzes applications to identify dependencies, enforces global policies, tracks ownership, and facilitates debugging. The platform also includes self-driving development and operation agents, enabling clients to make complex infrastructure changes with ease.

Juicyway

Pre Seed Round in 2024
Juice is a developer of a payment network platform for cross-border business payments for businesses and individuals. It facilitates financial transactions between parties regardless of location to allow enterprises to participate in international trade and the exchange of goods and services.

MNZL

Seed Round in 2023
MNZL aims to broaden access to capital for Egyptians by transforming owned assets into liquid financial resources. Through an innovative digital platform, it enables asset-backed financing, offering services like home equity investment and low-interest financing.

Lengo

Pre Seed Round in 2023
Lengo is an AI-based intelligence platform that serves companies in the fast-moving consumer goods (FMCG) sector, particularly in Africa. The platform leverages data from diverse sources, including retail sales information, to provide a comprehensive database on consumer goods. By analyzing this data, Lengo generates insights into consumer behavior, market trends, and the competitive landscape. This enables brands to make informed decisions regarding their marketing, sales, and distribution strategies, ultimately enhancing their operational effectiveness and market positioning.

Nkoloso

Seed Round in 2023
Nkoloso is a company that uses advanced AI and robotics for agriculture, forestry, and infrastructure industries.

Kotani Pay

Pre Seed Round in 2023
Kotani Pay is a technology company focused on facilitating the integration of blockchain protocols and fintech applications with local payment channels in Africa. By offering a reliable on-ramp and off-ramp service, Kotani Pay enables blockchain companies to effectively reach a broader customer base, particularly those utilizing mobile money services. The platform is designed to streamline payroll management and enhance the accessibility of digital finance, allowing clients to concentrate on local payment solutions while increasing their operational efficiency in the African market.

Traction Apps

Seed Round in 2023
Traction Apps is a developer of a financial platform tailored for small businesses, facilitating payment acceptance and management. The platform provides essential tools for monitoring sales, sending invoices, receiving payments, and managing inventory. Additionally, it enables retailers to access financing options for business expansion and operational support. Through these offerings, Traction Apps aims to empower small businesses by streamlining financial processes and enhancing their ability to manage and grow their operations effectively.

Kotani Pay

Pre Seed Round in 2023
Kotani Pay is a technology company focused on facilitating the integration of blockchain protocols and fintech applications with local payment channels in Africa. By offering a reliable on-ramp and off-ramp service, Kotani Pay enables blockchain companies to effectively reach a broader customer base, particularly those utilizing mobile money services. The platform is designed to streamline payroll management and enhance the accessibility of digital finance, allowing clients to concentrate on local payment solutions while increasing their operational efficiency in the African market.

Raenest

Seed Round in 2023
Raenest is a financial technology company that provides a comprehensive platform for startups and freelancers to manage invoicing and payments across multiple currencies. The company streamlines the process of sending invoices, receiving deposits, and processing payments, allowing users to easily pay contractors, vendors, and freelancers globally. Raenest's services include automated onboarding and verification, as well as the creation of virtual cards, which facilitate efficient coordination of payments while ensuring compliance with tax regulations. By offering fast and cost-effective money transfers, Raenest empowers African individuals and businesses to navigate the complexities of cross-border transactions with ease.

WorkPay Technologies

Seed Round in 2023
Founded in 2017, WorkPay Technologies offers a cloud-based platform for managing payroll, benefits, HR, and employee self-service needs. Its solution caters to small and medium-sized businesses across Africa.

Yodawy

Series B in 2023
Yodawy Inc. is a Giza-based company founded in 2018 that specializes in developing a medicine delivery and claims management platform. It enables customers to order pharmaceuticals and personal care products through a mobile app, which facilitates delivery via a network of over 500 pharmacies across Egypt. The platform combines an AI-powered approval engine for insurance claims with features like a digital prescription app and a partner portal. Yodawy collaborates with major insurance carriers to automatically apply insurance and copayment benefits for users, streamlining the medication ordering process and enhancing accessibility for patients seeking home delivery of their prescriptions.

Gameball

Seed Round in 2023
Gameball is a developer of a marketing and customer relationship management platform focused on enhancing customer retention and engagement. The company offers a suite of tools that leverage gamification to create intelligent and customizable loyalty and rewards programs. Its platform includes features such as behavior-based notifications and referral management systems, allowing clients to foster personal experiences tailored to individual customer actions and interests. By facilitating a deeper connection between businesses and their customers, Gameball aims to streamline the user journey and strengthen customer relationships at every interaction point.

Djamo

Venture Round in 2022
Djamo is a fintech company offering a mobile application that enables users to use their cards fee-free across various services. The app provides free physical and virtual cards, automatic savings features, salary reception options, expense tracking, and withdrawal controls.

Money Fellows

Series B in 2022
Money Fellows operates a digital platform facilitating collaborative group lending and savings. It leverages social networks to provide interest-free credit and enhance saving capabilities, promoting financial inclusion.

Subsbase

Seed Round in 2022
Subsbase is a cloud-based platform designed for subscription-based businesses. It offers operational tools such as automated billing and invoicing, subscriber lifecycle management, integration with various payment gateways, customizable subscription plans, multi-currency support, tax handling, and detailed analytics to efficiently manage subscriptions and maintain financial oversight.

Paymee

Seed Round in 2022
Paymee is a company that provides an online payment gateway designed for easy integration into websites and mobile applications. It serves businesses without an online presence by allowing them to generate payment links, facilitating transactions even in the absence of a dedicated website. Additionally, Paymee enables physical retail locations to accept card payments through QR codes. This functionality supports financial inclusion for both business owners and individuals in Africa, regardless of their banking status, by offering secure digital payment solutions.

Eksab

Seed Round in 2022
Eksab operates an online daily fantasy sports platform that lets players draft and test predictions on live football matches, accumulate points based on accuracy, and win prizes. The service targets the Middle East and Africa while supporting predictions from around the world and allowing users to challenge friends with mobile fantasy, prediction, and trivia experiences. Founded in 2017 and based in Cairo, Egypt, Eksab focuses on accessible, user-friendly sports entertainment.

Reliance Health

Series B in 2022
Reliance Health is a healthcare technology company focused on enhancing the affordability and accessibility of healthcare in emerging markets. It employs an integrated approach that combines affordable health insurance with telemedicine services, alongside a network of both partner and proprietary healthcare facilities. This strategy aims to provide comprehensive care solutions for organizations, families, and individuals, helping them effectively manage their health concerns. By leveraging technology and innovative service delivery models, Reliance Health seeks to improve health outcomes and reduce the financial burdens associated with healthcare.

RelianceHMO

Series B in 2022
Kangpe Nigeria Limited operates a telemedicine platform that connects patients with doctors for online health consultations. Founded in 2015 and based in Lagos, Nigeria, the company offers subscription-based services allowing patients to ask health-related questions and receive medical advice. Doctors on the platform provide guidance on symptoms, disease diagnosis, and treatment based on detailed descriptions of patients' health conditions. Kangpe aims to make health services more accessible and affordable by leveraging technology, ensuring that patients can articulate their medical history and current issues to facilitate accurate diagnoses and effective treatment recommendations.

Kotani Pay

Seed Round in 2022
Kotani Pay is a technology company focused on facilitating the integration of blockchain protocols and fintech applications with local payment channels in Africa. By offering a reliable on-ramp and off-ramp service, Kotani Pay enables blockchain companies to effectively reach a broader customer base, particularly those utilizing mobile money services. The platform is designed to streamline payroll management and enhance the accessibility of digital finance, allowing clients to concentrate on local payment solutions while increasing their operational efficiency in the African market.

Baloon

Venture Round in 2021
Baloon is a digital insurance broker based in Ivory Coast, founded in 2017. The company specializes in offering online insurance brokerage services, focusing on automobile and health insurance. By leveraging information technology and advanced algorithms, Baloon provides an efficient platform for consumers to meet their insurance needs and facilitate online subscriptions. The company's services are designed to streamline the process of obtaining and managing insurance, enabling clients to reimburse their insurance conveniently.

Kotani Pay

Seed Round in 2021
Kotani Pay is a technology company focused on facilitating the integration of blockchain protocols and fintech applications with local payment channels in Africa. By offering a reliable on-ramp and off-ramp service, Kotani Pay enables blockchain companies to effectively reach a broader customer base, particularly those utilizing mobile money services. The platform is designed to streamline payroll management and enhance the accessibility of digital finance, allowing clients to concentrate on local payment solutions while increasing their operational efficiency in the African market.

Root

Seed Round in 2021
Root enables companies to embed & sell insurance. Root’s proven low-code platform and strong insurance partnerships make it easy to design, build and integrate insurance at scale. Root is an enterprise-grade solution, with digital platforms, retailers, and insurers building, refining and selling insurance products powered by Root. Root processes more than $32m in active Gross-Written-Premium with 1.7m+ in-force policies on the platform, and a team of 50 people.

Chari

Seed Round in 2021
Chari is an e-commerce and fintech platform serving traditional retailers across French-speaking Africa. It enables retailers to order consumer goods for delivery within 24 hours, while also offering microloans as financial services.

Amenli

Seed Round in 2021
Amenli is Egypt's first licensed online insurance broker, providing a convenient and transparent platform for customers to obtain various insurance policies. The company specializes in a range of offerings, including life insurance, medical insurance, pension insurance, education insurance, and automobile insurance. Amenli simplifies the insurance process through a three-step approach: customers provide their personal details, select a personalized insurance policy, and complete the payment. This streamlined service allows clients to access integrated insurance solutions efficiently, catering to diverse needs in the Egyptian market.

Verto

Series A in 2021
VertoFX Ltd is a London-based business-to-business currency exchange marketplace that facilitates international transactions for companies. Established in 2017, VertoFX provides a platform that offers access to exotic and foreign currencies, alongside online payment services that streamline the process of making payments to overseas suppliers. The company’s software includes tools for liquidity and price discovery, enabling businesses to manage significant revenue flows efficiently. By specializing in the needs of international businesses, VertoFX helps clients navigate the complexities of currency exchange and global payments.

OnePipe

Seed Round in 2021
OnePipe simplifies complex infrastructure so you can focus on creating market-defining innovations. Banks and fintech partners of OnePipe have contributed the majority of the underlying infrastructure required to establish your product as a service.

Yodawy

Series B in 2021
Yodawy Inc. is a Giza-based company founded in 2018 that specializes in developing a medicine delivery and claims management platform. It enables customers to order pharmaceuticals and personal care products through a mobile app, which facilitates delivery via a network of over 500 pharmacies across Egypt. The platform combines an AI-powered approval engine for insurance claims with features like a digital prescription app and a partner portal. Yodawy collaborates with major insurance carriers to automatically apply insurance and copayment benefits for users, streamlining the medication ordering process and enhancing accessibility for patients seeking home delivery of their prescriptions.

MarketForce

Seed Round in 2021
Founded in 2018, MarketForce is a technology company based in the US, Kenya, and Nigeria. It operates an asset-light business model, providing a comprehensive B2B commerce and fintech platform, 'RejaReja', empowering African merchants to digitize their inventory sourcing, ordering, payments, and access financing. The platform also enables merchants to resell digital financial services like airtime and bill payments. MarketForce is operational in five Sub-Saharan African markets, serving over 200,000 merchants and 50 consumer brands.

Lami

Seed Round in 2021
Lami is an end-to-end digital insurance platform and API that enables companies across sectors to offer insurance products. Its API allows underwriters to connect with consumer-facing companies that can provide embedded insurance as a value add for existing customers, many of whom are uninsured.

OnePipe

Pre Seed Round in 2020
OnePipe simplifies complex infrastructure so you can focus on creating market-defining innovations. Banks and fintech partners of OnePipe have contributed the majority of the underlying infrastructure required to establish your product as a service.

WorkPay Technologies

Seed Round in 2020
Founded in 2017, WorkPay Technologies offers a cloud-based platform for managing payroll, benefits, HR, and employee self-service needs. Its solution caters to small and medium-sized businesses across Africa.

Spring in Africa

Seed Round in 2020
Spring in Africa is a fnacial service offering firm that provides banking alternatives to make transection efficient.

MarketForce

Seed Round in 2020
Founded in 2018, MarketForce is a technology company based in the US, Kenya, and Nigeria. It operates an asset-light business model, providing a comprehensive B2B commerce and fintech platform, 'RejaReja', empowering African merchants to digitize their inventory sourcing, ordering, payments, and access financing. The platform also enables merchants to resell digital financial services like airtime and bill payments. MarketForce is operational in five Sub-Saharan African markets, serving over 200,000 merchants and 50 consumer brands.
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