Baobab Network

The Baobab Network is a prominent start-up accelerator based in Africa, with offices in Nairobi, South Africa, Nigeria, and London. It focuses on supporting early-stage technology ventures across the continent by connecting them with talent and global investors. The organization provides a range of services, including leadership development, entrepreneurship training, strategy design, and resource planning, all aimed at fostering growth and enhancing revenue for participating businesses. In exchange for equity, The Baobab Network offers financial support and a platform for companies to expand their operations and access vital resources, ensuring they receive real-time guidance to navigate the challenges of the entrepreneurial landscape.

Niama El Bassunie

Managing Partner

Arthur Chupeau

Managing Partner

Tom Fairburn

Co-Founder

Wanjiku Kimani

Venture Partner and Admissions Lead

Past deals in West Africa

Lemonade Payments

Pre Seed Round in 2024
Lemonade Payments operates a digital payment platform that facilitates secure and private transactions across Africa. The company focuses on protecting user privacy, allowing individuals and businesses to make and receive payments without revealing personal information. Lemonade Payments aims to enhance the financial transaction experience by offering a seamless, user-friendly interface that accommodates various payment methods. It serves a diverse clientele, including those wishing to send money across borders to countries such as India, China, Pakistan, Nigeria, Ghana, and Kenya. The platform also includes features for secure money transfers, invoicing, and reporting. Customer support is a key priority, with multiple channels available to ensure a smooth and efficient service for all users.

Hadi.

Seed Round in 2024
Hadi is a Nigerian fintech company that specializes in inventory financing for Micro, Small, and Medium Enterprises (MSMEs). It operates a digital platform designed to simplify financial transactions and services for these businesses. Hadi's offerings include investor financing and cashless payment systems, along with regular updates on financing options and market information. By providing these services, Hadi helps MSMEs preserve their cash flow, enabling them to invest strategically in business growth.

Lendha

Pre Seed Round in 2022
Lendha is a financial technology company focused on providing small and medium-sized enterprises (SMEs) in Nigeria with seamless access to working capital loans. The company utilizes artificial intelligence to assess and identify key growth areas for businesses, enabling loan approvals within three hours. Lendha offers a user-friendly platform where businesses can open an account in just five minutes, manage their finances, and monitor expenses. With a commitment to affordability, Lendha provides low-interest loans with minimal paperwork and straightforward repayment options, empowering SMEs to enhance their operations and drive growth.

Alerzo

Series A in 2021
Alerzo is a B2B e-commerce retail company based in Ibadan, Nigeria, that focuses on transforming the operations of informal retail stores. Founded in 2019, Alerzo provides a technology and services platform that facilitates on-demand inventory distribution and financial services tailored for small retailers. Its platform enables these stores to easily discover, purchase, and manage their inventories, while also delivering valuable insights such as real-time market trends, customer feedback, and consumer purchasing data. By bridging the gap between retailers and fast-moving consumer goods (FMCGs), Alerzo enhances the efficiency and effectiveness of informal retail operations.

Alerzo

Pre Seed Round in 2020
Alerzo is a B2B e-commerce retail company based in Ibadan, Nigeria, that focuses on transforming the operations of informal retail stores. Founded in 2019, Alerzo provides a technology and services platform that facilitates on-demand inventory distribution and financial services tailored for small retailers. Its platform enables these stores to easily discover, purchase, and manage their inventories, while also delivering valuable insights such as real-time market trends, customer feedback, and consumer purchasing data. By bridging the gap between retailers and fast-moving consumer goods (FMCGs), Alerzo enhances the efficiency and effectiveness of informal retail operations.

Pennysmart

Pre Seed Round in 2019
Pennysmart is a financial technology company focused on promoting financial independence through an automated savings platform. The platform is designed to help users manage their savings effectively, featuring a simplified dashboard that tracks saving habits. Regulated by the Bank of Ghana, Pennysmart offers attractive interest rates and ensures transparency by maintaining no hidden fees or transaction costs. By prioritizing user-friendly features, the company aims to empower individuals to save money more efficiently while enjoying the benefits of higher interest rates.
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