Adlevo Capital

Adlevo Capital Managers, LLC is a private equity firm based in Port Louis, Mauritius, with an additional office in Lagos, Nigeria. Founded in 2007, the firm specializes in expansion, bridge financing, buyouts, and growth capital investments in mature and later-stage companies. Adlevo focuses on technology-enabled opportunities, particularly within the information and communications technology sectors, and seeks to invest in rapidly growing private companies at various stages of development. The firm's investment strategy emphasizes Sub-Saharan Africa, allocating approximately 25% of its investments to South Africa while deploying the remainder across the region. Adlevo typically invests between $3 million and $10 million, aiming for majority or significant minority stakes in its portfolio companies. By leveraging its local presence and market knowledge, Adlevo Capital effectively identifies and capitalizes on opportunities within the dynamic landscape of technology-driven sectors in Africa.

Folabi Esan

Partner

Yemi Lalude

Managing Partner

Olumide Olagbegi

CFO

Past deals in Nigeria

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 integrated digital payments and commerce company focused on the African market. Established in 2002, it specializes in facilitating electronic money circulation and value exchange between individuals and organizations. The company has evolved from a transaction switching and electronic payments processing entity to a provider of comprehensive payment infrastructure and innovative transactional services across the continent. Interswitch's aim is to enhance the efficiency and accessibility of payment solutions, contributing to the growth of digital commerce in Africa.