Adlevo Capital

Adlevo Capital Managers, LLC is a private equity firm that specializes in making equity and equity-linked investments in mature and later-stage companies, particularly in the technology sector. Founded in 2007 and headquartered in Port Louis, Mauritius, with an active office in Lagos, Nigeria, the firm focuses on technology-enabled opportunities that enhance infrastructure and services. Adlevo Capital primarily targets companies in the information and communications technology sectors across sub-Saharan Africa, with a notable emphasis on South Africa. The firm typically invests between $3 million to $10 million and prefers to secure majority or significant minority stakes in its portfolio companies. By leveraging its local presence and market knowledge, Adlevo Capital seeks to capitalize on the growth potential of rapidly developing private enterprises in the region.

Folabi Esan

Partner

Yemi Lalude

Managing Partner

Olumide Olagbegi

CFO

8 past transactions

Paga

Series B in 2018
Paga is a mobile payment company focused on creating a digital ecosystem that facilitates the sending and receiving of money. It aims to provide simple financial access to a broad user base, with a mission to enable one billion people to effectively manage their finances. Operating primarily in Nigeria, Paga has established itself as the leading mobile payment provider in the region. Its application allows users to transfer money to anyone with a mobile phone, as well as purchase and send airtime credits, make bill payments, and conduct retail transactions. By addressing the challenges associated with payment options, Paga is committed to enhancing financial service accessibility for its users.

Paga

Series B in 2015
Paga is a mobile payment company focused on creating a digital ecosystem that facilitates the sending and receiving of money. It aims to provide simple financial access to a broad user base, with a mission to enable one billion people to effectively manage their finances. Operating primarily in Nigeria, Paga has established itself as the leading mobile payment provider in the region. Its application allows users to transfer money to anyone with a mobile phone, as well as purchase and send airtime credits, make bill payments, and conduct retail transactions. By addressing the challenges associated with payment options, Paga is committed to enhancing financial service accessibility for its users.

SOLO

Venture Round in 2014
SOLO is an experience-driven digital content and smartphone company focused on delivering the best content and services on the mobile platform to African consumers. SOLO was formed in 2012 by a group of highly experienced telecommunication professionals, led by Tayo Ogundipe, a Nigerian-born, former senior global executive with HTC and Sony Ericsson. The SOLO management team brings an unusual blend of global sector expertise and deep knowledge of African markets that enable the team to conceive and implement a market-leading, mobile consumer proposition uniquely suited to African markets. Packaged with competitive data bundles from mobile operator partners, SOLO’s content and service offerings create a revolutionary, new customer-centered user experience, never before been seen on the African continent. For more information, visit www.gosolo.ng

SOLO

Series A in 2014
SOLO is an experience-driven digital content and smartphone company focused on delivering the best content and services on the mobile platform to African consumers. SOLO was formed in 2012 by a group of highly experienced telecommunication professionals, led by Tayo Ogundipe, a Nigerian-born, former senior global executive with HTC and Sony Ericsson. The SOLO management team brings an unusual blend of global sector expertise and deep knowledge of African markets that enable the team to conceive and implement a market-leading, mobile consumer proposition uniquely suited to African markets. Packaged with competitive data bundles from mobile operator partners, SOLO’s content and service offerings create a revolutionary, new customer-centered user experience, never before been seen on the African continent. For more information, visit www.gosolo.ng

Rancard

Series B in 2013
Rancard Solutions Limited, founded in 2001 and headquartered in Accra, Ghana, specializes in developing cloud-based software solutions for mobile content discovery and delivery across Africa. The company offers several key products, including Rendezvous, a social recommendations engine that enhances ecommerce by providing personalized offers to help brands and retailers connect with relevant customers. Additionally, Rancard's Unify platform facilitates mobile cloud service delivery through various communication protocols, while the Rendezvous SDK allows integration into mobile apps and web portals to leverage social networks for tailored recommendations. With a presence in Lagos, Nigeria, Rancard aims to bridge the gap between brands and mobile audiences by employing innovative technology to improve customer engagement and drive sales.

Rancard

Series A in 2012
Rancard Solutions Limited, founded in 2001 and headquartered in Accra, Ghana, specializes in developing cloud-based software solutions for mobile content discovery and delivery across Africa. The company offers several key products, including Rendezvous, a social recommendations engine that enhances ecommerce by providing personalized offers to help brands and retailers connect with relevant customers. Additionally, Rancard's Unify platform facilitates mobile cloud service delivery through various communication protocols, while the Rendezvous SDK allows integration into mobile apps and web portals to leverage social networks for tailored recommendations. With a presence in Lagos, Nigeria, Rancard aims to bridge the gap between brands and mobile audiences by employing innovative technology to improve customer engagement and drive sales.

Paga

Series A in 2012
Paga is a mobile payment company focused on creating a digital ecosystem that facilitates the sending and receiving of money. It aims to provide simple financial access to a broad user base, with a mission to enable one billion people to effectively manage their finances. Operating primarily in Nigeria, Paga has established itself as the leading mobile payment provider in the region. Its application allows users to transfer money to anyone with a mobile phone, as well as purchase and send airtime credits, make bill payments, and conduct retail transactions. By addressing the challenges associated with payment options, Paga is committed to enhancing financial service accessibility for its users.

Interswitch

Venture Round in 2011
Interswitch is an Africa-focused integrated digital payments and commerce company that specializes in facilitating the electronic circulation of money and the exchange of value among individuals and organizations. Founded in 2002, the company initially operated as a transaction switching and electronic payments processing entity. Interswitch builds and manages payment infrastructure, offering innovative payment products and transactional services across the African continent. Its services are designed for banks, institutions, and government agencies, helping clients reduce costs, enhance operational efficiency, and promote sustainable revenue growth.
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