DFS Lab

Digital Financial Services Innovation Lab (DFS Lab) is an early-stage incubator established in 2017 and based in San Francisco, California. The organization focuses on supporting high-potential entrepreneurs in developing countries, particularly in sub-Saharan Africa and Southeast Asia, to refine, grow, and launch fintech businesses. DFS Lab provides a six-month program that equips entrepreneurs with essential mentorship, local insights, and strategic guidance necessary for transforming their fintech ideas into viable startups ready for seed investment. By fostering innovative business models, DFS Lab aims to empower low-income communities and enhance their access to digital financial services, ultimately facilitating profitable and scalable solutions for the underserved.

Joseph Benson-Aruna

Partner

Stephen Deng

Partner

Jake Kendall

Co-Founder, Director and General Partner

Past deals in Kenya

Tushop

Pre Seed Round in 2022
Tushop is a community group buying platform where members can sell groceries to those in their social networks and communities.

Caantin

Seed Round in 2022
Kibanda Topup digitizes the supply for micro, small and medium-sized restaurants. Kibanda Topup allows restaurant owners to order inventory such as grains, poultry, beverages, and beef by app through a simple SMS and get the orders the next day.

Tushop

Pre Seed Round in 2021
Tushop is a community group buying platform where members can sell groceries to those in their social networks and communities.

Pesakit

Pre Seed Round in 2021
PesaKit is a technology company based in Nairobi, Kenya, that specializes in providing a platform for last-mile agent networks in the mobile money and digital finance sectors. Established in 2018, PesaKit utilizes artificial intelligence to develop a virtual assistant that streamlines the management of liquidity and conversion processes for mobile money agents and merchants. The company's software application features an API-driven interface, enabling users to digitize distribution and access channels effectively. PesaKit aims to enhance financial inclusion by supporting mobile money agents with innovative tools that improve their operational efficiency.

Ando

Pre Seed Round in 2021
Operator of a cloud kitchen platform intended to build food brands for delivery. The company provides food via its in-house brands on its platform and also runs a dark-kitchen model for the delivery of its in-house menu, enabling food enthusiasts to select from a range of nearby restaurants and receive quick food delivery.

GoBeba

Pre Seed Round in 2021
GoBEBA is an on-demand e-commerce logistics platform operating in emerging Africa markets. We bring together local merchants, consumers and logistics service providers to enable efficient discovery and ordering of frequently purchased products and services in one platform. This combination delivers an asset-light convenient, multi-category on-demand ordering service for everyday essentials. We do this by aggregating demand for merchants through a curated digital marketplace which connects merchants directly to consumers and logistics service providers in an on-demand basis . GoBeba is an ‘everything’ app’ for a wide range of services including grocery shopping, food delivery, cargo, and many other on-demand services.

Caantin

Pre Seed Round in 2021
Kibanda Topup digitizes the supply for micro, small and medium-sized restaurants. Kibanda Topup allows restaurant owners to order inventory such as grains, poultry, beverages, and beef by app through a simple SMS and get the orders the next day.

GoBeba

Pre Seed Round in 2021
GoBEBA is an on-demand e-commerce logistics platform operating in emerging Africa markets. We bring together local merchants, consumers and logistics service providers to enable efficient discovery and ordering of frequently purchased products and services in one platform. This combination delivers an asset-light convenient, multi-category on-demand ordering service for everyday essentials. We do this by aggregating demand for merchants through a curated digital marketplace which connects merchants directly to consumers and logistics service providers in an on-demand basis . GoBeba is an ‘everything’ app’ for a wide range of services including grocery shopping, food delivery, cargo, and many other on-demand services.

Tanda

Venture Round in 2021
Tanda is a fintech startup focused on enhancing access to essential digital financial services for micro, small, and medium enterprises (MSMEs) in Africa. The company provides a platform that enables micro-retailers to access inventory credit and serve as distribution points for vital services, including airtime sales, utility payments, mobile banking, and insurance. Despite their crucial role in local economies, where they supply over 70% of essential goods valued at more than $180 billion annually, over 90% of micro-retailers lack credit histories and access to traditional financing. Tanda aims to bridge this financing gap by facilitating financial inclusion for low-income MSMEs, allowing them to diversify their income streams and improve their financial resilience through commissions earned from various services.

Koa

Pre Seed Round in 2020
Koa is a savings and financial services platform that provides tech solutions and financial services apps via its API.

Cherehani Africa

Seed Round in 2018
Cherehani Africa is a financial platform focused on empowering women micro-entrepreneurs in rural and underserved areas by providing access to credit and personalized financial literacy resources. The company's innovative approach combines technology with a human touch, enabling it to deploy capital with enhanced efficiency. Cherehani leverages existing micro-savings group structures to offer various financial products, including asset financing for business tools and loans for agriculture, water, sanitation, and hygiene. Additionally, Cherehani Africa prioritizes financial education, delivering market information and training through a proprietary web-based platform complemented by in-person field visits. This comprehensive support system aims to foster the growth of micro-businesses and improve the financial stability of women in these communities.
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