Imvelo Ventures is a venture capital firm based in Sandton, South Africa, established in 2019 and managed by Capitec Bank. The firm focuses on investing in the services, energy, financial services, and information technology sectors. With a commitment to fostering innovation and growth, Imvelo Ventures aims to support emerging companies and drive economic development within these industries.
Botlhale AI is a research and innovation start-up that specializes in developing multilingual conversational artificial intelligence. The company offers a platform designed to help organizations overcome language barriers by providing voice-enabled, no-code tools for building, training, testing, and deploying conversational AI systems. This technology allows businesses to enhance customer interactions while reducing support costs and improving customer reach, conversion, and retention. As natural spoken language increasingly becomes the preferred means of human-computer interaction, Botlhale AI aims to facilitate seamless communication in diverse linguistic contexts.
Cape Town Stock Exchange
Venture Round in 2022
The Cape Town Stock Exchange serves as South Africa's primary stock exchange for small and medium-sized enterprises. It operates as a digital capital market that facilitates fundraising through equity and debt offerings. By providing an end-to-end exchange architecture, it enables businesses to explore innovative approaches to capital raising, differentiating itself from traditional stock exchanges. The platform is designed to support the unique financial needs of smaller businesses, helping them access vital resources for growth and development in a competitive market.
Acumen Software
Series B in 2022
Acumen Software, established in 2006, is a consultancy and software solutions provider specializing in asset and workforce management. The company develops mobile software designed to streamline operations for organizations with dispersed assets. Its offerings include network modeling, fault analysis, telemetry integration, and business analysis, all aimed at optimizing business processes. Acumen Software's user-friendly platform enables clients to efficiently manage complex scenarios related to asset and workforce management, thereby enhancing operational effectiveness. Additionally, the company provides advisory services and software development tools to further support organizational needs.
Lipa Payments
Seed Round in 2022
Lipa Payments develops an innovative online payment software platform that enables merchants to accept contactless payments without the need for additional hardware. Utilizing Near Field Communication (NFC) and Bluetooth Low Energy (BLE) technology, the platform allows small merchants to process digital transactions effortlessly and securely through mobile phones. By streamlining payment processes, Lipa Payments enhances the customer experience while reducing the reliance on dedicated card payment terminals, making it easier for both consumers and businesses to execute transactions.
BancX
Seed Round in 2021
BancX is a banking as a service provider focused on the African market, aiming to empower businesses to create and integrate their own branded financial services through a user-friendly API. The company develops a core banking platform that facilitates the building, configuration, launching, and scaling of various financial services. By leveraging its platform, banks and lenders can enhance their offerings to better meet market demands and address the needs of underserved and financially excluded populations. BancX envisions enabling its customers to reshape the financial landscape in Africa by introducing innovative business and operating models.
Acumen Software
Venture Round in 2021
Acumen Software, established in 2006, is a consultancy and software solutions provider specializing in asset and workforce management. The company develops mobile software designed to streamline operations for organizations with dispersed assets. Its offerings include network modeling, fault analysis, telemetry integration, and business analysis, all aimed at optimizing business processes. Acumen Software's user-friendly platform enables clients to efficiently manage complex scenarios related to asset and workforce management, thereby enhancing operational effectiveness. Additionally, the company provides advisory services and software development tools to further support organizational needs.
Legal Lens
Seed Round in 2021
Legal Lens is a legal technology start-up that focuses on delivering cost-effective legal management solutions for businesses. The company aims to address issues related to improper and unethical legal billing by leveraging experienced attorneys, artificial intelligence, and machine learning. By analyzing unpaid legal invoices, Legal Lens helps clients reduce their legal expenses, ultimately enabling them to save money on legal fees. This innovative approach to legal spend management offers companies an affordable alternative to traditional legal services.
BriefCo
Seed Round in 2021
BriefCo is South Africa's first legal cost consultancy that leverages technology to enhance its services. The company utilizes a secure online platform for the digital delivery and storage of legal documents, significantly reducing the costs associated with traditional methods such as printing and physical delivery. By incorporating artificial intelligence and machine learning, BriefCo automates the preparation and opposition of bills of costs, streamlining the legal cost consulting process. This innovative approach not only lowers expenses but also improves efficiency for clients seeking legal cost consultancy services.
Preferental
Seed Round in 2021
Preferental is a digital property management platform designed to streamline the rental process for landlords while minimizing their financial risk. The platform enables property owners to manage their properties effectively, offering features such as real-time property inspections via mobile devices, complete with date- and time-stamped photos and ratings. Additionally, Preferental provides cash-back rewards for prompt rent payments, fostering a trustworthy rental environment. By leveraging technology, Preferental aims to disrupt traditional property management practices, offering comprehensive services that reduce costs through economies of scale, ultimately empowering landlords to enhance their investment portfolios without the associated stress.
Quench
Venture Round in 2021
Quench is the on-demand delivery app that provides a delivery service to locals offering groceries, alcohol, and other essential items.
BancX
Seed Round in 2021
BancX is a banking as a service provider focused on the African market, aiming to empower businesses to create and integrate their own branded financial services through a user-friendly API. The company develops a core banking platform that facilitates the building, configuration, launching, and scaling of various financial services. By leveraging its platform, banks and lenders can enhance their offerings to better meet market demands and address the needs of underserved and financially excluded populations. BancX envisions enabling its customers to reshape the financial landscape in Africa by introducing innovative business and operating models.
Bizzamm
Seed Round in 2021
Bizzamm is a digital legal platform that simplifies legal processes and document management for law firms and legal professionals. It provides end-to-end document management services, including a digital vault for secure storage, template management, and electronic signature capabilities. The platform also features automatic blockchain uploads, follow-up reminders, and notifications for document expiry and renewal. By offering a variety of templated documents, Bizzamm enables users to efficiently customize and manage their legal documentation, alleviating the stress and complexity often associated with traditional legal workflows.
Buddy Finance
Seed Round in 2021
Buddy Finance is a FinTech platform that facilitates borrowing and lending through a peer-to-peer model. It aims to enhance financial inclusion by providing individuals with accessible options for borrowing and lending. The platform allows users to invest in their communities while also generating financial returns. By focusing on alternative finance solutions, Buddy Finance serves those who may seek options outside of traditional banking systems, thereby enabling a smoother flow of capital among users.
Xago
Seed Round in 2021
Xago Technologies offers a financial solution that leverages blockchain technology to create an interoperable payment platform. This platform aims to eliminate reliance on traditional plastic card systems by connecting customer profiles to fiat-backed cryptocurrency transactions. By doing so, Xago helps financial institutions establish a secure, instantaneous, and cost-effective payment process. This innovative approach enables retailers to accept a variety of payment methods, including mobile wallets, mobile money, cryptocurrency payments, and bank accounts, enhancing the overall payment experience for customers.
Cliqtech
Seed Round in 2021
Cliqtech is a fiduciary technology services company that provides clients with a white-label, disruptive, and user-focused will and estate planning platform.
Tuma
Seed Round in 2021
Tuma is a money transfer platform that provides fund transfers from any mobile money wallet to any bank account. Its remittances platform allows anyone to transfer funds from their mobile money wallets to any bank account in South Africa, helping customers transfer funds with ease and convenience.
Ice Media
Seed Round in 2021
ICE Media specializes in providing WiFi networking services aimed at empowering working-class and digitally marginalized communities. The company utilizes software applications to effectively manage its ecosystem and offers a proprietary blanket WiFi network. This service is designed to facilitate access to low-cost data for local communities, thereby promoting greater digital inclusion and economic participation.
MoneyWorks
Venture Round in 2020
MoneyWorks is a provider of a digital supply chain finance platform designed to assist businesses, particularly small and medium enterprises (SMEs), in overcoming financial access challenges. The platform connects buyers seeking supply chain financing with lenders, facilitating access to invoice financing based on the creditworthiness of the buyer. This innovative approach helps reduce the risks associated with late payments and cash flow shortages that often affect startups. Additionally, MoneyWorks enables clients to implement early payment programs, thereby improving the overall efficiency of their supply chains.
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