Silverbacks Holdings, established in 2019 and headquartered in Cybercity Ebene, Mauritius, is a venture capital firm specializing in early-stage investments. The company focuses on the intersection of sports, technology, and entertainment sectors within the African market, providing financial services to support the growth of innovative startups in these domains.
African Warriors Fighting Championship (AWFC) is a combat sports promotion company that specializes in showcasing indigenous African fighting traditions globally. It provides opportunities for African athletes to compete and promotes the continent's rich combat sports heritage through live events and digital content. AWFC focuses on disciplines such as dambe, traditional Nigerian kickboxing, and wrestling, offering customers exclusive access to live events and a vast library of fights that celebrate African culture.
AMAKA Studio
Seed Round in 2024
A social publishing platform empowering Pan-African creators to reach a global audience and earn through subscriptions, events and more.
NERGii
Venture Round in 2024
NERGii is a sports technology company that specializes in manufacturing and distributing advanced shoe insoles. Their products are designed to enhance athletic performance by naturally stimulating mitochondrial activity, thereby increasing energy availability in the body.
Moove
Series B in 2024
Moove is a mobility fintech company focused on providing revenue-based vehicle financing to mobility entrepreneurs across Africa. By leveraging embedded alternative credit-scoring technology, Moove integrates its services within ride-hailing, logistics, and last-mile delivery platforms. This innovative approach allows the company to assess the performance and revenue of mobility entrepreneurs, enabling it to underwrite loans for individuals who have been historically excluded from traditional financial services. Through its unique model, Moove aims to democratize vehicle ownership and enhance access to financial resources for a growing number of mobility operators in the region.
Pricepally
Seed Round in 2023
Pricepally is a digital food cooperative that connects consumers directly with local farmers and wholesalers, focusing on making fresh, high-quality food more affordable and accessible in African cities. By facilitating bulk purchases, Pricepally allows individuals and businesses to buy and share food items, ensuring they receive products that are cheaper and fresher than traditional retail options. The platform harnesses collective buying power to provide significant value for money, promoting a more sustainable food supply chain while supporting local agriculture.
ANKA
Seed Round in 2023
ANKA is an e-commerce platform dedicated to the discovery, purchase, and sale of African fashion, arts, and crafts. Founded in 2015 and based in Abidjan, Ivory Coast, ANKA aims to connect lovers of African creations with local artisans, enabling creators to monetize their work while allowing customers worldwide to access unique products. The platform facilitates direct transactions and exchanges between buyers and sellers, ensuring a user-friendly and secure experience. ANKA offers a diverse range of items, including clothing, jewelry, accessories, and art, promoting the rich cultural heritage and creativity of Africa.
Terragon
Series B in 2023
Terragon is a prominent data and marketing technology company headquartered in Lagos, Nigeria, with additional offices in Kenya, South Africa, Ghana, and India. The company specializes in providing enterprise marketing software that aids businesses in customer acquisition and sales management. By leveraging a combination of online and offline data, along with predictive scoring, Terragon enables brands, marketing agencies, and platforms to effectively target consumers across various channels and devices. Their solutions allow for the collection, aggregation, and monetization of first-party data directly from customers, ensuring that advertising efforts are data privacy compliant and do not depend on third-party cookies. This approach empowers businesses to gain insights into consumer behavior and enhance their digital marketing strategies while measuring the effectiveness of their campaigns.
Armando Cabral
Venture Round in 2023
Armando Cabral is a manufacturer specializing in men's footwear, with a focus on creating high-quality leather accessories influenced by African textiles. The company operates an e-commerce platform that offers a diverse range of products, including loafers, derby shoes, boots, and sneakers. Each footwear piece is designed with features such as a flexible insole and a supple lining that adapts to the wearer's foot, ensuring comfort and style. By combining premium materials with affordability, Armando Cabral aims to provide customers with accessible, stylish shoe collections.
Omnibiz
Venture Round in 2023
Omnibiz is a B2B e-commerce platform based in Lagos, Nigeria, that focuses on fast-moving consumer goods (FMCG) manufacturers, distributors, and retailers. Founded in 2019, the company aims to support local businesses by digitizing the supply chain and enhancing operational efficiency. Its unified distribution platform offers tools that improve reliability, visibility, and financial capabilities for businesses. Key features include order tracking and integrated payment options, all designed to facilitate a seamless supply chain experience. By providing these resources, Omnibiz helps local enterprises navigate the complexities of the modern market and achieve their business objectives effectively.
Trella
Venture Round in 2023
Trella, established in 2018 and headquartered in Cairo, Egypt, operates an online platform facilitating shipping and transportation services. It connects shippers with carriers, offering technology-driven solutions to enhance drivers' efficiency, boost earnings, and create job opportunities. Trella aims to reduce costs for shippers by improving load utilization, introduce transparent pricing structures, and provide real-time shipment tracking along with performance insights.
Axis
Seed Round in 2023
Axis is a digital banking alternative tailored for small businesses and solopreneurs, addressing the various challenges they face in managing operations and finances. The platform simplifies employee payroll, salary advances, and business payments to suppliers, contractors, and vendors through an interoperable mobile wallet. Employees benefit from this system by being able to send and receive money from any mobile wallet in Egypt, while also earning rewards for their transactions. Fully licensed by the Central Bank of Egypt, Axis has developed its entire technology infrastructure in-house, offering a comprehensive suite of tools and resources designed to help small business founders thrive in a competitive landscape.
Treepz
Seed Round in 2023
Treepz is a technology-driven transportation company focused on enhancing mobility across Africa. Founded in 2019 and headquartered in Ontario, Canada, Treepz operates in Nigeria, Ghana, Uganda, and Kenya, providing users with a reliable and comfortable commuting experience. Its application allows users to book trips for daily, inter-city, or corporate travel at the tap of a button. The platform offers features such as vehicle assistants, licensed drivers, and e-wallet payments, ensuring that users can book and pay for fast and convenient trips in real-time. Through its innovative approach, Treepz aims to create a safer and more efficient transportation system for commuters in the region.
Kwara
Seed Round in 2023
Kwara GmbH is a technology company that specializes in developing a digital banking platform tailored for savings and credit co-operative societies (SACCOs). Founded in 2018 and headquartered in Berlin, Germany, with an additional office in Nairobi, Kenya, Kwara aims to modernize credit unions by providing a comprehensive cloud-based solution. The platform facilitates loan application servicing and approval for members, while also offering integration services, customer support, real-time financial tracking, and compliance assistance. Kwara's offerings include Kwara Pronto, a tool for managing loans. Currently, the company serves over 200 SACCOs across Kenya, South Africa, and the Philippines, enabling these financial institutions to enhance their operations and improve access to formal financial services.
MVX
Venture Round in 2023
MVX is a digital platform aimed at addressing inefficiencies in the freight shipping industry, particularly in the context of African trade. It connects cargo owners and shippers, facilitating a streamlined freight ecosystem that enhances the management of vessel utilization and chartering. By providing real-time visibility into shipment status and optimizing pickups and deliveries, MVX enables clients to seamlessly trade goods within and beyond Africa. The platform not only helps in matching vessel availability to market rates but also reduces operational costs and man-hours, ultimately improving performance for businesses engaged in maritime logistics.
Blotout
Venture Round in 2023
Blotout is a developer of a customer data platform designed to help organizations navigate the challenges of the post-cookie era. Its platform focuses on reducing data loss and compliance risks while enhancing customer relationships. Blotout offers a range of features, including analytics, data management, advertisement segmentation, identity management, and a machine learning stack. By addressing the decline of third-party cookies and identifiers, Blotout enables enterprises to eliminate reliance on third-party scripts and software development kits, thereby reducing vulnerabilities and improving overall site performance. Trusted by enterprises, Blotout's solutions aim to create a more secure and effective digital environment for managing customer data.
Ramani
Series A in 2022
Ramani is a Tanzanian company founded in 2020, specializing in software development for sales operations. The company's application enables salespeople to effectively track inventory, register customers, and record sales transactions in real time. By providing a financial infrastructure platform, Ramani helps organizations capture essential supply chain data, enhancing sales visibility and supporting resellers in accessing financial services. This functionality allows clients to improve their revenue and expand their market share. Based in Dar es Salaam, Ramani aims to streamline sales processes for businesses across various sectors.
CashBackApp
Pre Seed Round in 2022
CashBackApp is a financial technology company that focuses on enhancing customer loyalty for fast-moving consumer goods (FMCG) companies. The platform enables consumers to earn cashback through M-Pesa on their everyday purchases from participating brands and retailers. By partnering with FMCG companies, CashBackApp allows these businesses to quickly implement and manage promotional offers at scale, effectively incentivizing shoppers to purchase products featured on the app. This approach not only fosters customer loyalty but also drives sales through mobile channels, providing a cost-effective solution for retailers looking to engage consumers.
MarketForce
Series A in 2022
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.
Infiuss Health
Venture Round in 2022
Infiuss Health, founded in 2018 and based in Apapa, Lagos, specializes in decentralizing clinical trials by offering remote access to various stages of the research process, including participant screening, recruitment, engagement, e-consent, and follow-up. The company operates a two-sided marketplace that connects researchers with eligible participants, leveraging a strong patient community to streamline the recruitment process. By focusing on a direct-to-patient approach, Infiuss Health enhances access to clinical research studies, facilitating greater participation and engagement in medical research.
Kippa
Seed Round in 2022
Kippa is a mobile application designed for small business owners and bookkeepers in Africa, aimed at modernizing financial management by replacing traditional record-keeping methods. The platform enables users to track daily income and expenses, generate invoices and receipts, and manage inventory, facilitating a comprehensive view of their business performance. Additionally, Kippa offers features such as sales and expense management, business banking, and POS integration, providing an all-in-one solution for financial transactions and data management. This empowers small merchants and neighborhood shops to enhance their service offerings and streamline their operations, ultimately improving the overall lifecycle of their businesses.
OjaExpress
Pre Seed Round in 2022
OjaExpress is a digital marketplace focused on ethnic and cultural groceries, aimed at enhancing the growth and competitiveness of local independent grocery stores. The platform enables customers to discover unique product offerings from these stores, facilitating online ordering and same-day delivery of ethnic groceries. OjaExpress addresses food access and convenience concerns, particularly for immigrants and those seeking cultural provisions. In addition to streamlining the ordering process, the platform provides grocery store partners with valuable customer insights and marketing support, fostering a sustainable ecosystem for both consumers and local businesses.
Aku
Pre Seed Round in 2022
Aku is a financial technology company focused on enhancing financial inclusion through a comprehensive mobile platform. It aims to provide accessible and low-cost financial services, particularly targeting new business owners who require effective tools for managing their finances. The platform facilitates secure payments, savings, and credit services, enabling users to perform bulk disbursements and verify account details seamlessly. By digitizing payments and offering personal banking services, Aku empowers individuals and businesses in Africa to access essential financial resources and build wealth both locally and globally, all without the need for a dedicated application.
Juni
Series B in 2022
Juni is a fintech company that offers a banking app and platform tailored for e-commerce and online marketing entrepreneurs. The platform provides an integrated payment solution that allows users to track all their financial activities from a centralized dashboard, giving them a comprehensive overview of their bank accounts, networks, and payment services. By delivering detailed customizable financial reports, Juni empowers digital entrepreneurs to make informed decisions and effectively scale their operations, maximizing the potential of their digital commerce ventures.
Indicina
Seed Round in 2022
Indicina Technologies Limited is a Lagos-based company that offers a digitized credit analysis platform aimed at enhancing consumer finance strategies in Africa. The platform serves a variety of financial institutions, including banks, insurers, and consumer finance companies, by providing tools for creating credit rules and models, conducting credit assessments and scoring, managing loan portfolios, and facilitating loan collections. By leveraging analytics-driven insights, Indicina helps these institutions optimize their credit decision-making processes, improve application acceptance rates, and reduce default rates, thereby contributing to the development of a robust credit infrastructure in the region.
Afriex
Venture Round in 2022
Afriex Inc. is a company based in Oakland, California, founded in 2019, that specializes in developing a mobile payment application aimed at facilitating overseas money transfers. The platform allows users to send and receive money globally, utilizing stablecoins to provide a fast and cost-effective remittance service to over 30 countries. The application offers features for sending, receiving, and making payments at current exchange rates, along with various withdrawal options to enhance user convenience. Afriex aims to streamline cross-border transactions, making it easier for individuals to manage their finances internationally.
Oware
Pre Seed Round in 2022
Oware Technologies is a cloud-based supply chain management startup that specializes in improving logistical frameworks for businesses in emerging markets. Its flagship platform, 0360, addresses the unique challenges of these regions by offering solutions for warehouse management, shipment tracking, and overall supply chain optimization. The platform utilizes advanced analytics, artificial intelligence, and real-time data to enhance operational efficiency, reduce costs, and increase supply chain visibility. Aimed primarily at small and medium-sized enterprises, Oware provides accessible and affordable warehousing and logistics services through an on-demand distribution network. This includes warehouse storage, inventory management, and order processing, allowing businesses of all sizes to effectively manage B2B logistics. The company's mission is to democratize access to advanced supply chain tools, thereby fostering economic growth and enhancing market competitiveness.
Union54
Seed Round in 2022
Union54 is a debit card issuing API based in Lusaka, Zambia, founded in 2020. It enables fintech companies and corporates to issue debit cards to their customers without the need for a bank or credit card processor. The company offers services such as BIN sponsorship, transaction processing, and settlement, streamlining the card issuance process for software developers. Union54's platform allows businesses to integrate debit card functionality into their offerings, enhancing their financial services capabilities.
Otida
Pre Seed Round in 2022
Otida is a company that provides comprehensive support for individuals with diabetes through its innovative app and glucose monitoring kit. The app serves multiple roles, functioning as a nutritionist, fitness coach, and physician to help patients effectively manage their daily lives. By employing digital therapeutics and continuous remote monitoring, Otida enables users to monitor their blood sugar levels and adopt healthier lifestyles, ultimately aiming to reverse diabetes and prevent its complications. The company's holistic approach not only assists in controlling blood sugar without the need for medication but also promotes weight loss and reduces the risk of heart disease, thereby supporting patients in achieving better overall health.
Yemaachi Biotechnology
Seed Round in 2022
Yemaachi Biotechnology is focused on advancing the diagnosis and treatment of cancer through innovative therapeutic technologies. The company employs immunogenomics, bioinformatics, and artificial intelligence to enhance the development of effective cancer detection and treatment strategies. By leveraging these advanced methodologies, Yemaachi aims to lower the economic burden of cancer and improve patient outcomes through more accurate and efficient therapeutic solutions.
Rocket Health Africa
Series A in 2022
Rocket Health is a bundled service of The Medical Concierge Group, a licensed and registered clinic, laboratory, and pharmacy. Rocket Health offers telemedicine healthcare services such as doctor consultations, laboratory sample pickups, and medicine delivery.
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.
Secberus
Seed Round in 2022
Secberus, Inc. specializes in developing cloud security technologies, offering a platform that enhances real-time cloud security posture management and compliance reporting. Founded in 2017 and based in Miami, Florida, Secberus provides tools for DevSecOps engineers to audit and enforce security configurations across various public cloud platforms. Its platform enables enterprises to achieve end-to-end asset visibility, discover misconfigurations, and maintain compliance. The service is designed for medium to large enterprises and supports collaboration with cloud consultants, system integrators, and managed security service providers. By embedding security and compliance into the continuous integration and continuous deployment pipeline, Secberus aims to help clients minimize cloud misconfiguration incidents and effectively manage the complexities of cloud infrastructure.
Brimore
Series A in 2022
Brimore operates a social commerce platform that connects emerging brand owners with a network of resellers. These resellers market and sell the products of these brands using social media, providing nationwide coverage for the brands. The platform uses data analytics to facilitate this connection between emerging brands and individual distributors across Egypt's 27 governorates, enabling small local manufacturers to directly reach consumers through freelance sales agents.
Amitruck
Seed Round in 2022
Amitruck is a logistics platform based in Nairobi, Kenya, that connects cargo owners with trucking professionals through a mobile and web application. Founded in 2018, the platform allows customers to easily book deliveries and access a network of available trucks. It features a driver application that facilitates communication between clients and transporters, ensuring timely updates on shipments. Amitruck's user-friendly interface enables clients to receive instant quotes and track their deliveries in real-time, offering complete visibility throughout the delivery process.
Wella Health
Venture Round in 2022
WellaHealth is a startup focused on improving healthcare access for low-income individuals and families in Nigeria. The company has developed a digital triage bot that provides guidance based on the Nigeria Centre for Disease Control guidelines, allowing users to log their health responses for potential follow-up by public health authorities. In addition to this innovative tool, WellaHealth offers micro-health insurance plans that target prevalent diseases, providing affordable coverage for treatments and medications. Their platform connects users to a network of pharmacies and healthcare professionals, enabling them to manage their health needs without facing significant financial strain.
Bitnob
Venture Round in 2022
Bitnob is a company that develops and manages infrastructure solutions for Bitcoin and Stablecoin transactions, catering to businesses globally. It operates an online trading platform that facilitates the buying and selling of bitcoins. The platform features instant Know Your Customer (KYC) verification and offers various deposit and withdrawal methods, including mobile money. By providing these services, Bitnob aims to help users create and grow their wealth while also supporting their business needs.
Zindi
Seed Round in 2021
Zindi is a data science competition platform based in Africa that brings together a diverse ecosystem of data scientists, engineers, academics, companies, NGOs, and government institutions. The platform is dedicated to addressing pressing challenges faced by the continent by facilitating online competitions centered around data-oriented problems. Zindi collaborates with various organizations to develop and curate data-driven challenges, and it automatically ranks solutions based on accuracy. This approach allows organizations, regardless of their experience level in data science, to explore innovative solutions to business problems while keeping costs manageable.
Rivy
Seed Round in 2021
Rivy is making it easier to finance small and medium sized businesses in Africa. There is a need for financing of $158 bn for SMEs in Nigeria alone. To start, Rivy o helps SMEs access and spend lender capital effectively. During their first full operational year in 2020, the Rivy o co--founders leveraged their domain expertise and founding experience to beat their 2020 goal by 50%.
Kasookoo
Seed Round in 2021
Kasookoo provides a cloud-based omnichannel contact center solution that supports both enterprises and small businesses in enhancing customer engagement across multiple channels. This platform enables organizations to manage calls collaboratively, whether online or offline, facilitating improved customer experiences and higher satisfaction levels. By leveraging this technology, businesses can avoid the significant costs associated with traditional infrastructure, making it easier for freelancers, contractors, and consultants to work remotely. Additionally, the system allows for the recording and analysis of call activity, helping organizations monitor employee performance effectively.
FlexClub
Venture Round in 2021
FlexClub is a mobility platform that offers an online marketplace for car subscriptions, allowing customers to create personalized car subscription plans. Users can subscribe to a vehicle for a minimum duration of one month and have the flexibility to cancel or modify their plans without incurring penalties. The platform caters to both commercial and private members, facilitating the buying, renting, and selling of movable assets, including cars for ride-hailing services. This approach simplifies the process of accessing vehicles, making it convenient for users to browse and order a car that meets their needs.
Brass
Seed Round in 2021
Brass is a digital bank based in Nigeria that focuses on supporting small and medium-sized businesses. It offers a range of products and tools designed to facilitate business growth. One of its key features is a free current account that can be opened easily from any device, without requiring monthly transactions or a minimum balance. This accessibility allows customers to benefit from essential financial tools and banking services tailored to enhance their business operations.
ILLA
Seed Round in 2021
ILLA is a logistics company based in El Dokki, Egypt, specializing in middle-mile delivery services for fast-moving consumer goods (FMCG) companies. Founded in 2017, ILLA employs a digitized approach to manage the delivery process, enhancing efficiency from planning to execution. The company offers services tailored to both modern and traditional trade, as well as internal supply needs. By leveraging a diverse network of trucks with varying capacities, ILLA functions as an internal fleet for its clients, providing them with complete control and visibility over their logistics operations. This dynamic solution enables FMCG companies to effectively navigate the challenges of delivering products to various retail and non-retail outlets, ultimately driving sales growth.
Mono
Series A in 2021
Mono is a Nigerian company founded in 2020 that specializes in financial data infrastructure through its application programming interface (API) platform. This platform offers businesses the ability to access essential financial information, including bank statements, account verification, and payment initiation. Mono's services are designed to enhance onboarding and identification processes, particularly in emerging markets. By providing real-time access to financial data and enabling secure direct bank payments, Mono aims to empower companies of all sizes, from startups to large enterprises. The company's mission focuses on unlocking the potential of Africa’s financial system, facilitating economic growth by equipping businesses with the necessary tools to thrive in the digital economy.
Knabu Distributed Systems
Seed Round in 2021
We are a DLT company based in London and have started our bank authorization process to solve the problem of denial of bank accounts to blockchain businesses. We are building a Utility Bank from scratch & engineering it to leverage DLT.
Docspert Health
Seed Round in 2021
Docspert Health is a telemedicine platform that facilitates connections between patients in the Middle East and Africa and international medical experts via video consultations. The platform aims to provide inclusive and accessible healthcare by offering a variety of services, which include appointments with healthcare professionals, online video consultations, telehealth services, and access to medical equipment. By leveraging technology, Docspert Health enables patients to initiate treatment promptly, thereby enhancing the chances of successful health outcomes.
Yobante Express
Seed Round in 2021
Yobanté Express is a logistics technology startup focused on transforming cross-border and last-mile parcel delivery in key African markets. The company utilizes a fully digitized platform that ensures full traceability and exceptional customer support, minimizing merchandise loss and damage. By leveraging an asset-light model, Yobanté Express operates a cost-efficient network of relay points and independent carriers, facilitating fast and affordable delivery across cities and borders. Its platform connects local carriers with commerce, enabling efficient same-day delivery services, particularly in Senegal. This proven success has positioned Yobanté Express for expansion into other high-growth African markets.
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.
Kuda
Series B in 2021
Kuda Technologies Ltd, established in 2018, is a digital banking service provider based in London, with an additional office in Lagos, Nigeria. The company offers a range of financial services, including savings and checking accounts, money transfers, debit cards, and point-to-point payments, all accessible through an online banking platform and a mobile application. Kuda's mission is to provide accessible and affordable banking services to Africans, with a focus on promoting financial health and savings.
truID
Venture Round in 2021
truID is an open banking platform that simplifies bank integration by offering a single API for accessing user identity data, account balances, and transaction information. This service not only streamlines the development process for clients but also ensures compliance with regulatory standards. By facilitating secure access to critical financial data, truID enables banks to analyze customer profiles and credit scores, fostering a trustworthy environment for data sharing. As a result, truID enhances the efficiency of financial services while promoting secure interactions between users and institutions.
Carry1st
Series A in 2021
Carry1st is a mobile games publisher focused on social games and interactive content, primarily in frontier markets like Africa. Founded in 2018 by Cordel Robbin-Coker, Lucy Hoffman, and Tino Mundangepfupfu, the company has assembled a diverse team of 29 professionals from 14 countries, drawing talent from notable organizations such as Carlyle, King, and Jumia. Carry1st offers a comprehensive platform for game developers that includes publishing, distribution, localization, user acquisition, marketing, customer experience, and monetization services. This approach enables developers to collaborate with global content owners and tap into previously underserved markets. The company has successfully raised over $10 million in funding, including a recent $7 million Series A led by prominent investors such as Riot Games and Konvoy Ventures. The funds will be utilized to enhance its existing game portfolio, foster new partnerships with international gaming studios, and expand its workforce.
Trove
Seed Round in 2021
Trove Technologies Limited operates an online platform designed to facilitate investment in a range of securities, including stocks, bonds, mutual funds, and cryptocurrencies. Based in Lekki, Nigeria, Trove aims to simplify the investment process for beginners by providing an accessible application that allows users to easily find and select investment opportunities. The platform features a user-friendly KYC process, brokerage services, and a personalized news feed related to the assets traded. Trove enables investors to participate in both local and international markets, offering access to Nigerian stocks, government bonds, and a selection of cryptocurrency assets. Through its seamless approach to micro-investing, Trove empowers users to engage with the financial markets with ease.
Kaoun
Seed Round in 2021
Kaoun is a software platform focused on financial inclusion, aiming to reform financial systems with sustainable solutions. The platform offers a range of financial services, including electronic identification, payment processing, and credit-related services. By enabling users who were previously unbanked or underbanked to create free bank accounts remotely, Kaoun facilitates access to essential online financial services. This approach not only empowers individuals with greater financial autonomy but also contributes to broader economic development.
VIA Global Health
Seed Round in 2021
VIA Global Health is a prominent global health purchasing platform established in 2015, focused on enhancing access to quality healthcare tools in emerging markets. By connecting verified medical distributors with affordable medical device manufacturers, VIA streamlines the medical supply chain. The company offers an extensive catalogue of over 50,000 products, ranging from basic consumables to the latest medical innovations, making it easier and more cost-effective for healthcare professionals to obtain necessary supplies. With its operations spanning Africa, Asia, and Latin America, VIA has emerged as a trusted resource for medical devices and supplies, addressing challenges in sourcing and distribution through its e-catalog and logistics support services.
Sudor
Seed Round in 2021
Sudor is a digital fitness platform based in London that assists fitness professionals in monetizing their social media following by creating personalized apps. Launched in 2022, Sudor provides technology and tools that enable trainers to upload on-demand videos, stream live classes, and develop challenges for their subscribers. This approach allows fitness content creators to establish a digital business, fostering financial freedom while enhancing their connection with users. By facilitating these services, Sudor empowers fitness professionals to transform their expertise into a lucrative revenue stream.
Swvl
Venture Round in 2020
Swvl is a technology-driven mobility company that offers an app for booking fixed-route bus trips, providing users with a cost-effective alternative to traditional public transportation and ride-sharing services. Founded in 2017, Swvl operates in Egypt, Kenya, Pakistan, and has its headquarters in Dubai. The company's core product is the B2C Swvl Retail offering, which allows commuters to book rides on minibuses and other vehicles running on fixed or semi-fixed routes within cities through a mobile application. This service enables users to share rides during peak commute times for a flat fare with no surge pricing, promoting environmentally responsible mass transit solutions.
Tambua Health
Seed Round in 2020
Tambua Health specializes in the development of medical diagnostic devices and software aimed at improving the diagnosis and treatment of respiratory diseases, particularly in low-resource areas. Founded in 2018 by Daniel Gathigai and Lewis Wanjohi, the company employs innovative acoustic technology for non-invasive and radiation-free lung imaging and function testing. Its offerings include an automatic cough segmenter that detects cough episodes in continuous recordings, as well as a device that utilizes sound to visualize lung conditions. This technology provides medical professionals with valuable backend analytics, facilitating a comprehensive understanding of respiratory health data.
Flutterwave
Series B in 2020
Flutterwave Inc. is a financial technology company that offers comprehensive payment solutions for businesses globally. Founded in 2014 and headquartered in San Francisco, California, Flutterwave provides a range of services, including Flutterwave Checkout for processing payments via web and mobile, and a Flutterwave API for creating and managing virtual cards. The platform also includes tools for invoicing, allowing businesses to create professional invoices and track payments, as well as payment links for easy collection from customers. Serving various industries such as gaming, events, transportation, and hospitality, Flutterwave aims to simplify payment infrastructure by connecting merchants with local and international card schemes and bank accounts, ensuring secure and efficient payment processing.
Zazu
Venture Round in 2019
Zazu Africa Ltd, founded in 2015 and based in Lusaka, Zambia, offers a digital money account designed to enhance financial management for its users. The company provides a financial educator platform that allows individuals to learn about various financial services and products. Additionally, Zazu facilitates direct trading between retailers, food processors, and farmers, enabling improved profitability and access to resources for farmers. This connection supports the adoption of climate-smart agriculture practices, which can lead to increased productivity. Through its innovative approach, Zazu aims to empower individuals and strengthen the agricultural sector in Zambia.
Lemonade
Series D in 2019
Lemonade, Inc. is an innovative insurance company that provides a range of insurance products in the United States and Europe, including homeowners, renters, and landlord insurance. Founded in 2015 and headquartered in New York, the company utilizes artificial intelligence and behavioral economics to streamline the insurance process, eliminating traditional brokers and paperwork. By employing advanced technology, Lemonade offers instant service and sets competitive rates for its policies. The company also acts as an agent for other insurance providers, further expanding its offerings. With a commitment to social good, Lemonade aims to transform the insurance industry by prioritizing transparency and efficiency.
TBTM
Seed Round in 2018
TBTM, powered by AMP Global Technologies, is a pioneering blockchain-based media fintech that transforms culture into currency by rewarding fans and compensating creators for their contributions to content communities. Founded by a team with backgrounds from prestigious institutions and accolades from the entertainment industry, TBTM offers a unique social-viewing platform that operates on a play-to-earn model. Users can earn brand rewards through engagement, which can be redeemed using the digital reward token, Kola. The company boasts production capabilities recognized with Emmy nominations and Academy Award submissions. TBTM's flagship format, The Mic, originated in Africa and is now expanding globally, including a launch in India. The format has achieved over 1.1 billion media impressions and received multiple Telly Awards, competing with major industry players. TBTM's innovative approach enables media companies to gain valuable insights into global youth audiences, fostering deeper connections between content and viewers.
Forever 7 Entertainment
Seed Round in 2018
Forever 7 Entertainment is a global production company specializing in the creation of high-quality films and television shows. With a focus on African culture and diverse storytelling, the company produces feature films, TV series, reality TV, and documentaries, collaborating with international talent to address important societal issues. Its mission is to entertain global audiences while celebrating cultural diversity and promoting understanding.
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