P1 Ventures is a venture capital firm founded in 2020 and located in San Francisco, California. It specializes in investing in early-stage industrial technology companies across Africa. The firm focuses on sectors such as information technology and software as a service (SaaS), aiming to support innovative startups that can drive growth and development in the region. P1 Ventures is dedicated to fostering technological advancement in Africa by providing the necessary capital and resources to emerging businesses.
Raenest is a financial technology company that simplifies invoicing and payment processes for startups and freelancers, particularly in Africa. It allows users to send and receive invoices in various currencies, facilitating seamless cross-border transactions. The platform provides tools for automated onboarding, verification, and salary disbursement, enabling businesses to manage payments efficiently. By offering features like virtual cards, Raenest helps companies coordinate payments, ensure compliance, and manage expenses more effectively. Its services support fast and cost-effective money transfers, making it easier for businesses to engage with freelancers, contractors, and vendors globally.
MNZL
Seed Round in 2023
MNZL is focused on enhancing access to capital for individuals in Egypt by leveraging their assets. The company develops a property technology marketplace that enables clients to protect their property ownership while transforming it into a digital wallet. Through its innovative platform, MNZL offers services such as digital home registration, home equity investment, and low-interest financing options. This user-friendly system provides borrowers with a custom dashboard and seamless online access to mortgage solutions, facilitating liquidity for personal projects and needs. By promoting asset-backed financing, MNZL aims to reshape the financial landscape in Africa.
Kotani Pay
Pre Seed Round in 2023
Kotani Pay is a technology platform designed to facilitate the integration of blockchain protocols, decentralized applications (dapps), and blockchain fintech companies with local payment channels in Africa. By offering a reliable on-ramp and off-ramp service, Kotani Pay enables these organizations to effectively reach a broader customer base, particularly those who primarily utilize mobile money services. The platform streamlines the connection between blockchain solutions and local payment methods, allowing clients to concentrate on enhancing their payment channels within the mobile money ecosystem.
Kotani Pay
Pre Seed Round in 2023
Kotani Pay is a technology platform designed to facilitate the integration of blockchain protocols, decentralized applications (dapps), and blockchain fintech companies with local payment channels in Africa. By offering a reliable on-ramp and off-ramp service, Kotani Pay enables these organizations to effectively reach a broader customer base, particularly those who primarily utilize mobile money services. The platform streamlines the connection between blockchain solutions and local payment methods, allowing clients to concentrate on enhancing their payment channels within the mobile money ecosystem.
Raenest
Seed Round in 2023
Raenest is a financial technology company that simplifies invoicing and payment processes for startups and freelancers, particularly in Africa. It allows users to send and receive invoices in various currencies, facilitating seamless cross-border transactions. The platform provides tools for automated onboarding, verification, and salary disbursement, enabling businesses to manage payments efficiently. By offering features like virtual cards, Raenest helps companies coordinate payments, ensure compliance, and manage expenses more effectively. Its services support fast and cost-effective money transfers, making it easier for businesses to engage with freelancers, contractors, and vendors globally.
Workpay
Seed Round in 2023
Workpay, established in 2017 and headquartered in Nairobi, Kenya, specializes in providing cloud-based payroll, benefits, and human resource management software tailored for small and medium-sized businesses in Africa. Its comprehensive solution includes time and attendance tracking, HR and payroll processing, payment and loans processing, and employee self-service management. Workpay empowers businesses to hire both local and remote teams across Africa, ensuring compliance and streamlining processes without the need for local entities.
Yodawy
Series B in 2023
Yodawy Inc. is an online pharmacy and insurtech startup based in Giza, Egypt, founded in 2018. The company offers a mobile app that allows customers to browse and order pharmaceuticals and personal care products, with delivery facilitated through a network of over 500 pharmacies across the country. Yodawy's platform features an artificial intelligence-powered approval engine that streamlines the medicine ordering process, automatically applying insurance and copayment benefits from four major insurance carriers, with plans to onboard additional providers. Additionally, Yodawy provides a digital prescription app and a pharmacy portal, enhancing the overall experience for patients seeking convenient access to medications and healthcare products.
Paymee
Seed Round in 2022
Paymee is a developer of an online payment gateway that facilitates digital transactions through a secure network. The platform is designed to assist businesses lacking a website by enabling them to create payment links for receiving payments. Additionally, Paymee allows physical stores to accept card payments via QR codes, broadening access to financial services. This functionality supports both business owners and individuals in Africa, including those who are banked and unbanked, promoting greater financial inclusion.
Eksab
Seed Round in 2022
Eksab operates an online daily fantasy sports platform that caters to the Middle Eastern and African markets. Founded in 2017 and based in Cairo, Egypt, Eksab allows users to draft teams and make predictions about live football games, earning points based on the accuracy of those predictions. The platform has gained significant traction, having processed over 20 million games and achieving the rank of #1 on the Google Play Store's Top Trending List. Eksab's offerings include a variety of fantasy, prediction, and trivia games, enabling users to engage with friends in a fun and competitive manner.
Kotani Pay
Seed Round in 2022
Kotani Pay is a technology platform designed to facilitate the integration of blockchain protocols, decentralized applications (dapps), and blockchain fintech companies with local payment channels in Africa. By offering a reliable on-ramp and off-ramp service, Kotani Pay enables these organizations to effectively reach a broader customer base, particularly those who primarily utilize mobile money services. The platform streamlines the connection between blockchain solutions and local payment methods, allowing clients to concentrate on enhancing their payment channels within the mobile money ecosystem.
Kotani Pay
Seed Round in 2021
Kotani Pay is a technology platform designed to facilitate the integration of blockchain protocols, decentralized applications (dapps), and blockchain fintech companies with local payment channels in Africa. By offering a reliable on-ramp and off-ramp service, Kotani Pay enables these organizations to effectively reach a broader customer base, particularly those who primarily utilize mobile money services. The platform streamlines the connection between blockchain solutions and local payment methods, allowing clients to concentrate on enhancing their payment channels within the mobile money ecosystem.
Amenli
Seed Round in 2021
Amenli is the first licensed online insurance broker in Egypt, specializing in providing convenient and transparent insurance services. The company offers a range of insurance products, including life, medical, pension, education, and automobile insurance. Amenli simplifies the insurance purchasing process through a three-step approach that involves submitting personal details, selecting a tailored insurance policy, and completing the payment. This integrated service allows customers to access various insurance options efficiently, catering to their diverse needs.
Yodawy
Series B in 2021
Yodawy Inc. is an online pharmacy and insurtech startup based in Giza, Egypt, founded in 2018. The company offers a mobile app that allows customers to browse and order pharmaceuticals and personal care products, with delivery facilitated through a network of over 500 pharmacies across the country. Yodawy's platform features an artificial intelligence-powered approval engine that streamlines the medicine ordering process, automatically applying insurance and copayment benefits from four major insurance carriers, with plans to onboard additional providers. Additionally, Yodawy provides a digital prescription app and a pharmacy portal, enhancing the overall experience for patients seeking convenient access to medications and healthcare products.
MarketForce
Seed Round in 2021
MarketForce is a technology company headquartered in the United States, with operations in Kenya and Nigeria, focused on enhancing B2B commerce and fintech solutions for African merchants. Launched in 2018, the company has developed the "RejaReja" platform, which allows merchants to digitally source, order, and pay for inventory. In addition to these services, MarketForce offers access to financing, enables digital payment collection, and allows merchants to resell digital financial services like airtime and utility tokens. Operating in five markets across Sub-Saharan Africa, MarketForce has established a rapidly growing network that includes over 200,000 merchants and 50 consumer brands. The company employs an asset-light business model to drive efficiency and productivity in the distribution of goods, utilizing advanced technology to streamline operations for its users.
Workpay
Seed Round in 2020
Workpay, established in 2017 and headquartered in Nairobi, Kenya, specializes in providing cloud-based payroll, benefits, and human resource management software tailored for small and medium-sized businesses in Africa. Its comprehensive solution includes time and attendance tracking, HR and payroll processing, payment and loans processing, and employee self-service management. Workpay empowers businesses to hire both local and remote teams across Africa, ensuring compliance and streamlining processes without the need for local entities.
MarketForce
Seed Round in 2020
MarketForce is a technology company headquartered in the United States, with operations in Kenya and Nigeria, focused on enhancing B2B commerce and fintech solutions for African merchants. Launched in 2018, the company has developed the "RejaReja" platform, which allows merchants to digitally source, order, and pay for inventory. In addition to these services, MarketForce offers access to financing, enables digital payment collection, and allows merchants to resell digital financial services like airtime and utility tokens. Operating in five markets across Sub-Saharan Africa, MarketForce has established a rapidly growing network that includes over 200,000 merchants and 50 consumer brands. The company employs an asset-light business model to drive efficiency and productivity in the distribution of goods, utilizing advanced technology to streamline operations for its users.
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