Alitheia Capital

Alitheia Capital is an impact investing firm founded in 2007 and located in Lagos, Nigeria. The firm focuses on providing both social and financial returns by investing in businesses that improve access to essential goods and services for small and growing enterprises as well as low-income households. Alitheia Capital aims to generate positive social impact while achieving sustainable financial growth, aligning its investment strategy with the needs of underserved communities.

Oluwakemi Olajide

Senior Investment Associate

9 past transactions

Complete Farmer

Seed Round in 2023
Founded in 2017, Complete Farmer is a Ghana-based company that offers end-to-end digital agriculture solutions. It manages crop farms and develops IoT-based software with machine learning algorithms for farm monitoring. The platform connects global agricultural commodity buyers directly with African farmers, promoting sustainable farming practices and food security.

Haul247

Seed Round in 2023
Haul247 is a technology-driven logistics company streamlining Nigeria's freight industry. Its cloud-based platform offers trucking, warehousing, tracking, and reverse haulage services, powered by AI for efficient decision-making.

Lidya

Series B in 2021
Lidya is a financial services platform based in Lagos, Nigeria, founded in 2016, that aims to enhance access to credit and finance for small and medium enterprises. The company offers a mobile-first platform that allows businesses to open accounts, manage funds, and build credit profiles efficiently, often within 15 minutes. Utilizing proprietary credit scoring algorithms, Lidya enables business owners to access essential credit and working capital, including invoice financing, to support their growth and financial planning. Additionally, the platform includes tools and dashboards designed to help businesses manage their receivables and cash flow, thereby improving their credit scores and unlocking higher credit limits at more affordable rates.

SparkMeter

Series A in 2020
SparkMeter develops smart electricity metering systems and grid management software for underserved markets. Its products include residential and commercial meters, along with software solutions that enhance grid efficiency, enable prepaid billing, and facilitate remote monitoring. Founded in 2012, SparkMeter operates from Washington D.C. and Nairobi, Kenya.

Tomato Jos

Series A in 2020
Tomato Jos is a Nigerian company founded in 2014, based in Keffi, that specializes in the production and distribution of tomato paste. In addition to its core business, the company offers consultancy services aimed at educating farmers on best practices for tomato cultivation. By providing quality agricultural inputs and expert guidance, Tomato Jos assists smallholder farmers in improving their growing techniques to better serve local markets. The company's commitment extends beyond product quality, as it seeks to positively impact the lives of farmers and enhance the agricultural landscape in Nigeria.

Oradian

Venture Round in 2019
Oradian is a fintech company that provides a cloud-based core banking platform designed to empower financial institutions in emerging markets to better serve rural and remote customers. By offering its services through a Software as a Service model, Oradian enables these institutions to efficiently digitize their products and operations, facilitating scalability. The company supports a diverse community of over 80 financial institutions across 12 countries, collectively serving millions of end clients. Oradian's innovative technology solutions aim to enhance financial inclusion and improve access to financial services for underserved and unbanked populations. With a dedicated team of experts from more than 20 nationalities, Oradian is committed to delivering best practices and driving change in the microfinance sector, helping institutions to manage their operations effectively and affordably.

MAX

Venture Round in 2019
MAX is a company that specializes in providing motorcycle taxi and transport services, focusing on the last-mile delivery and online retail challenges in Africa. By utilizing mobile and web platforms, MAX connects consumers, retail businesses, and independent drivers in real-time, effectively removing logistical and technological barriers that have hindered retail growth on the continent. Additionally, MAX offers electric and low-emission vehicle subscription services tailored for commercial drivers, promoting financial freedom and wealth creation through vehicle ownership. The company aims to ensure that independent drivers have access to safe, reliable, and sustainable mobility solutions, thereby enhancing the overall transport landscape in Africa.

Lidya

Series A in 2018
Lidya is a financial services platform based in Lagos, Nigeria, founded in 2016, that aims to enhance access to credit and finance for small and medium enterprises. The company offers a mobile-first platform that allows businesses to open accounts, manage funds, and build credit profiles efficiently, often within 15 minutes. Utilizing proprietary credit scoring algorithms, Lidya enables business owners to access essential credit and working capital, including invoice financing, to support their growth and financial planning. Additionally, the platform includes tools and dashboards designed to help businesses manage their receivables and cash flow, thereby improving their credit scores and unlocking higher credit limits at more affordable rates.

Lidya Live

Series A in 2018
Lidya Live offer high engaging, interactive shopping experience for your customers.
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