Adlevo Capital

Adlevo Capital, established in 2007, is a private equity firm headquartered in Mauritius with a significant presence in Lagos, Nigeria. It specializes in investing in mature and later-stage technology-enabled companies across sub-Saharan Africa, with a focus on the information and communications technology sectors. Adlevo Capital provides expansion, bridge financing, buyouts, and growth capital, typically investing between $3 million to $10 million in exchange for majority or significant minority positions. It targets a 25% allocation to South Africa-based companies, with the remainder invested across the broader sub-Saharan African region. The firm's strategy is underpinned by a deep understanding of local markets, gained through active local presence and market intelligence.

Folabi Esan

Partner

Olumide Olagbegi

CFO

9 past transactions

Paga

Series B in 2018
Paga is a mobile payment company focused on creating a digital ecosystem for money transactions, primarily in Nigeria, where it is recognized as a leading provider in the sector. The company's application facilitates sending and receiving money through mobile devices, making financial services accessible to a broad audience. In addition to transferring funds, Paga's platform allows users to purchase airtime credits, pay bills, and make retail payments, addressing the growing demand for viable payment options. With an ambitious mission to simplify financial access for one billion people, Paga aims to overcome the challenges associated with traditional banking and enhance the overall financial inclusion in its target markets.

Paga

Series B in 2015
Paga is a mobile payment company focused on creating a digital ecosystem for money transactions, primarily in Nigeria, where it is recognized as a leading provider in the sector. The company's application facilitates sending and receiving money through mobile devices, making financial services accessible to a broad audience. In addition to transferring funds, Paga's platform allows users to purchase airtime credits, pay bills, and make retail payments, addressing the growing demand for viable payment options. With an ambitious mission to simplify financial access for one billion people, Paga aims to overcome the challenges associated with traditional banking and enhance the overall financial inclusion in its target markets.

SOLO Phone

Venture Round in 2014
SOLO Phone specializes in the manufacturing of mobile devices aimed at providing experience-driven digital content. The company's offerings extend beyond hardware to include digital movie rental services, enhancing the user experience through telecommunications. By focusing on innovative solutions, SOLO Phone enables operators to deliver a customer-centered experience, positioning itself as a key player in the mobile technology industry.

Rancard

Series B in 2013
Rancard Inc. is a startup subsidiary of Rancard Holdings, established in October 2016, that specializes in developing a social recommendations engine known as Rendezvous. This innovative platform automates personalized recommendations by leveraging trusted connections among users, addressing limitations often found in traditional commercial recommendations. Rendezvous incorporates an AI-powered Messenger bot to enhance user interaction and engagement. By providing valuable insights into customer preferences, Rancard's technology enables businesses to improve their brand image and optimize advertising efforts. The platform supports targeted mobile advertising campaigns, ultimately facilitating user acquisition and increasing sales through enhanced digital marketing capabilities.

Rancard

Series A in 2012
Rancard Inc. is a startup subsidiary of Rancard Holdings, established in October 2016, that specializes in developing a social recommendations engine known as Rendezvous. This innovative platform automates personalized recommendations by leveraging trusted connections among users, addressing limitations often found in traditional commercial recommendations. Rendezvous incorporates an AI-powered Messenger bot to enhance user interaction and engagement. By providing valuable insights into customer preferences, Rancard's technology enables businesses to improve their brand image and optimize advertising efforts. The platform supports targeted mobile advertising campaigns, ultimately facilitating user acquisition and increasing sales through enhanced digital marketing capabilities.

Paga

Series A in 2012
Paga is a mobile payment company focused on creating a digital ecosystem for money transactions, primarily in Nigeria, where it is recognized as a leading provider in the sector. The company's application facilitates sending and receiving money through mobile devices, making financial services accessible to a broad audience. In addition to transferring funds, Paga's platform allows users to purchase airtime credits, pay bills, and make retail payments, addressing the growing demand for viable payment options. With an ambitious mission to simplify financial access for one billion people, Paga aims to overcome the challenges associated with traditional banking and enhance the overall financial inclusion in its target markets.

Interswitch

Venture Round in 2011
Interswitch is an Africa-focused integrated digital payments and commerce company that has been operational since 2002. It specializes in transaction switching and electronic payments processing, building and managing payment infrastructure across the continent. Interswitch facilitates the electronic circulation of money and the exchange of value between individuals and organizations, ensuring timely and consistent transactions. By providing innovative payment products and transactional services, the company aims to help banks, institutions, and governments reduce costs, enhance operational efficiency, and drive sustainable revenue growth.
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