Beta.Ventures

Beta.Ventures invests in driven, early-stage entrepreneurs scaling tech and tech-enabled startups to become market leaders. They are focused on the opportunities made available by a 1.2 billion-person, mobile phone enabled Africa. Beta.Ventures works closely with founders and teams from product idea to product launch through to the next stage of company development. We are focused on the opportunities made available by a 1.2 billion-person, mobile phone enabled Africa. We are experienced entrepreneurs ourselves and are able to share what has proven to work for product and service scaling, revenue growth and fundraising. Operations is key to success at early stage companies, and our environment often faces a dearth of experience scaling opportunities; Beta.Ventures focuses intensely on the operations of a company, adding value through several levers we know, from experience, will enable a company to succeed. Our partners, affiliates, and mentors lead some top technology companies locally and internationally and we encourage you to partner with us to take advantage of our experience building great products/services, negotiating partnerships and deals, leading teams, and raising money.

Blessing Okoroafor

Analyst

11 past transactions

Voyance

Pre Seed Round in 2022
Voyance is a big data company that leverages machine learning to assist businesses in making predictive analyses based on their data. The platform enables organizations to answer critical questions regarding revenue forecasts, transaction fraud detection, and customer retention. It simplifies data science by acquiring, validating, storing, and securing data while also preparing it for analysis. Additionally, Voyance facilitates the creation of reports to engage stakeholders effectively. Currently, the company is piloting its services with various organizations in sectors such as banking, e-commerce, and fintech across Africa and the United Arab Emirates.
We are a DLT company based in London and have started our bank authorization process to solve the problem of denial of bank accounts to blockchain businesses. We are building a Utility Bank from scratch & engineering it to leverage DLT.

Edves

Seed Round in 2021
Edves Limited is a Nigerian company founded in 2016 that specializes in developing school management software. The platform automates various aspects of school operations, including student enrollment, fee collection, result processing, and e-learning. Edves offers tools for online learning, such as e-books, video tutorials, and virtual classrooms, as well as features for generating lesson notes and transcripts. The software also provides analytics to monitor student and school performance, streamlining administrative tasks for educational institutions. Based in Lagos, Edves aims to enhance the efficiency of school management processes through its innovative solutions.

eBanqo

Seed Round in 2021
eBanqo is a customer engagement software-as-a-service (SaaS) provider that enables organizations to automate customer-facing services and enhance issue resolution. The platform allows businesses to extend their services across various digital channels, including webchat, in-app chat, social media, USSD, and SMS, thereby promoting connectivity and efficiency in addressing customer concerns. Utilizing advanced artificial intelligence technology, eBanqo helps businesses deliver personalized interactions consistently across all platforms, fostering customer loyalty and brand affinity. The solution significantly reduces operational costs while offering automated support, self-service options, and multi-channel live chat capabilities. By integrating engagement channels such as web, mobile, and popular messaging apps, eBanqo aims to improve customer satisfaction and retention through quicker issue resolution and increased accessibility.

Smile Identity Inc.

Series A in 2021
Smile Identity Inc. is a technology company based in San Francisco, California, that focuses on identity verification solutions. Founded in 2016, the company has developed an application called SmartSelfie, which allows users to create a universal biometric for authentication on Android devices. The team comprises engineers and financial services professionals from both the United States and Africa, bringing expertise in global markets with a focus on highly regulated environments. Smile Identity has developed advanced encryption, authentication, and security solutions, as well as image processing technology. The company has experience working with telecoms, lenders, banks, and startups, enabling them to understand the unique challenges faced by consumers and enterprises in Africa. With support from prominent investors in Silicon Valley and Africa, Smile Identity has established a pan-African presence, operating in countries such as South Africa, Nigeria, Kenya, Ghana, and Rwanda.

AjoCard

Seed Round in 2021
Provider of financial services intended to help unbanked consumers to reduce the friction in everyday financial transactions. The services include mobile point-of-sale hardware and software offer lending, savings, and health insurance services, and help consumers to get cash from their debit cards where no automatic teller machines are available using a combination of technology, enabling businesses and consumers to help operate digitally.

AfricaWeb

Seed Round in 2021
AfricaWeb provides solutions for advertisers and publishers. Their advertising solutions are display advertising, online display, ghanaweb TV, programmatic guaranteed, DM advertising, mail, SMS, social media, SME advertising, self-service advertising, and more. Their publishing solutions are CMS, hosting, monetization, and content.

BFree

Seed Round in 2021
BFree is a developer of a credit management platform that aims to enhance the credit collection process while prioritizing consumers' financial health. The company utilizes artificial intelligence to create ethical credit management tools, making the collection processes more scalable, efficient, and user-friendly. By focusing on sustainability, BFree empowers customers, particularly in emerging markets, to take control of their finances. The platform allows users to self-administer their loan repayments and gain essential knowledge in personal budgeting and financial management, ultimately leading them out of debt.

BetaStore

Seed Round in 2021
BetaStore operates a business-to-business marketplace that connects informal retailers with wholesalers and manufacturers, enhancing their access to a wide range of fast-moving consumer goods at wholesale prices. By delivering products directly to retailers' stores, BetaStore eliminates the need for them to visit open markets or negotiate with multiple suppliers, thereby reducing transaction costs and saving time. The company also offers working capital support and tailored payment facilities, allowing retailers to manage inventory more efficiently without over-purchasing. With more than 90% of retail sales in Africa occurring through informal channels, BetaStore plays a crucial role in streamlining digital procurement and financing for small retailers, ultimately helping them to improve their operations and financial profiles.

Produce Africa

Seed Round in 2020
Produce Africa Technologies Limited is a technology driven organization which provides farmers with access to finance, insight to improve their productivity and an end market for their harvest.

TaxiTV

Seed Round in 2018
TaxiTV is an advertising technology company that specializes in providing entertainment within ride-sharing vehicles. The company offers a platform that displays high-quality video and interactive content, including documentaries, comedies, neighborhood insights, news, sports, and weather updates. This diverse range of content aims to enhance the passenger experience during their journeys. TaxiTV's technology allows brands to effectively advertise to consumers in a dynamic manner, customizing each brand experience while also capturing valuable data to help generate leads.
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