Balad is an open banking platform designed to assist migrants and their families by offering a range of financial services. Specifically targeting the underbanked family members of Egyptian migrants, Balad facilitates cross-border remittances through its digital platform. The company provides mobile banking applications and prepaid debit cards, which help streamline the remittance process and reduce associated fees. By enabling instantaneous income receipt for families back home, Balad aims to enhance financial accessibility and inclusion for migrants and their beneficiaries. The platform also has plans to introduce additional financial products in the future, further supporting the needs of its users.
Developer of a travel technology designed to create digital systems for scaling tourism operations. The company enables businesses to build secure, template-based custom websites, web applications, and marketplaces with access to a dashboard, providing companies with inventory management, bookings and payments, and events management tools.
Hohm Energy is an online marketplace based in Gauteng, South Africa, founded in 2021. The company specializes in facilitating the adoption of solar energy by connecting customers with accredited solar providers, product suppliers, and financiers. Its platform offers a comprehensive solar purchasing experience, utilizing scalable technology to manage the entire transition process. This includes scoping solutions, overseeing installations, and providing ongoing operations and maintenance support. By building a global solar network, Hohm Energy aims to promote the transition to renewable energy and contribute to a lower-carbon future.
Gamp is a company specializing in device protection and support services for consumer electronics. It offers repair services for smartphones, computers, and a variety of other electronic devices from well-known manufacturers. By arranging pick-ups and drops for gadgets, Gamp ensures that consumers receive post-sale assistance conveniently, eliminating the need to visit a service center. This focus on customer convenience and support positions Gamp as a valuable resource for individuals seeking reliable repair and protection solutions for their electronic devices.
Kibo School is an online university that provides high-quality degrees and access to skills and networks. The company combines the flexibility of self-paced learning with an engaging community of tutors and peers to unlock deeper knowledge acquisition, motivation, and accountability. Kibo School was founded in 2021 and is based in New York.
Jumba is a construction technology platform that streamlines B2B construction material purchases and financing. The company provides a platform that allows companies to order materials and pay for them later. Cement, steel, paint, tiles, plumbing, electrical work, glass, kitchen finishes, and bathroom finishes are all available for purchase on the platform, which is geared toward hardware retail establishments. The company is situated in Nairobi, Kenya, and was established in 2022.
Norebase is a company that focuses on facilitating business growth in Africa by leveraging technology to navigate the region's complexities. It offers intellectual property services designed to support companies in scaling their operations across the continent. Norebase simplifies the process of setting up and registering trademarks, allowing clients to upload the required documents and obtain a registered company along with a tax identification number efficiently. By minimizing risks and streamlining administrative tasks, Norebase aims to make it easier for businesses to establish themselves and expand globally in the African market.
Operator of a fintech company intended to simplify the lending process through its loan orientation channels which include USSD, web, mobile app, atm, and POS. The company provides credit infrastructure that automates lending processes for lenders and connects them to borrowers through various origination channels, helping clients with easy and fast access to credit.
Big Cabal Media is a Nigerian digital media company focused on producing engaging content tailored for African youth. It fosters conversations around culture, innovation, entrepreneurship, and entertainment, addressing topics that resonate with this demographic. The company aims to connect brands with Africa's young and digitally savvy audience by offering a fresh and authentic voice. Additionally, it provides insights into startups, technology, and innovation, catering to tech enthusiasts, entrepreneurs, investors, and decision-makers within the African ecosystem. Through its content, Big Cabal Media keeps its audience informed about significant developments in the tech landscape.
Spleet operates a rental home listing platform focused on delivering affordable and flexible living spaces in Africa. The company offers fully furnished accommodations with various payment and sharing options, catering to the needs of renters seeking convenience and comfort. In addition to housing, Spleet provides essential services such as cleaning and security, enhancing the overall living experience. By making great living spaces more accessible to renters, Spleet aims to facilitate better returns for homeowners while fostering a future of flexible living across the continent. The company envisions a landscape where comfortable living solutions promote freedom, equity, and innovation in Africa.
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.
Mecho is a developer of an on-demand auto repair and maintenance platform tailored for individuals and businesses in Africa. The platform facilitates the registration and scheduling of maintenance services, connecting customers with a network of certified mechanics and automobile technicians. This service aims to provide a seamless experience for vehicle maintenance, inspection, and repair, making it easier for users to manage their automotive needs efficiently.
Finclusion Group is enhancing financial inclusion in Africa by building transformative financial technology services focused on high-growth market segments, providing world-class customer experiences. Our businesses leverage our credit, risk and technology expertise to grant financial services safely and easily using advanced, proprietary AI algorithms. Our current key focus areas are financial wellness, credit scoring and direct lending, operating through the brands Fractal Labs, smartadvance, niftycredit, niftycover, TrustGro and Click2Pay in South Africa, Eswatini, Kenya, Namibia and Tanzania. More info on www.finclusiongroup.com.
Developer of personal finance application designed for money tracking and budgeting for the people of Africa. The company's application offers a smart money manager that uses automated budgeting, personalized offers, and applied behavioral game design strategies, helping customers to be accountable and align their daily spending behaviors with their savings goals.
Wowzi is an online marketplace that focuses on automating influencer marketing workflows, connecting brands with everyday social media users, particularly nano and micro influencers. The platform allows brands to outline marketing campaigns by specifying timing, channels, budgets, and selecting influencers based on demographic factors such as geography, income, gender, and interests. This approach enables small and medium enterprises, multinational corporations, creative agencies, research companies, and non-governmental organizations to effectively disseminate brand messages while gathering valuable consumer insights. By democratizing influence, Wowzi empowers users to monetize their social media presence, contributing to the evolving landscape of African commerce.
Kuunda operates a B2B advisory platform that focuses on providing financial services tailored for developing economies. The company offers a range of tools, including liquidity management and data insight solutions, which help clients meet their financial requirements through a digital interface. By enabling users to access liquidity, Kuunda supports underserved agents, merchants, and consumers, facilitating their ability to maintain their standard of living, grow their businesses, and enhance economic resilience. Additionally, Kuunda's platform promotes increased network productivity and expands the distribution of products, yielding tangible and measurable results for its clients.
Stitch operates a financial API platform that facilitates secure connections between bank accounts and various applications. By providing full API access to financial accounts, Stitch enables users to share their transaction history, confirm their identities, and initiate payments efficiently. The platform integrates directly with existing bank infrastructures, ensuring compliance and enhancing user experience through a lightweight single sign-on process. This approach allows clients to conduct fraud-free bank payments and access financial data with ease.
Eden Life, Inc. engages in providing housekeeping services for businesspersons. It offers laundry, meals, house cleaning, equipment maintenance, meal delivery, etc. The company operates an online platform and an application to book the services. The company is based in Lagos, Nigeria.
Developer of a financial advisory platform intended to invest in local and global financial markets. The company's platform offers curated investment funds and personalized investment plans based on risk tolerance and financial goals, enabling users to improve access to investment opportunities and grow their wealth.
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.
Releaf is an online marketplace based in Nigeria that connects agribusiness buyers and sellers with customers. Founded in 2017, the company specializes in various agricultural products, including cassava, palm oil, ginger, cashew nuts, fish, maize, cocoa, kola nuts, yam, and sesame seeds. Releaf addresses the procurement challenges faced by African food factories, which often operate at less than 30% capacity, by employing advanced pre-processing technology. The company's proprietary oil palm de-sheller significantly enhances input quality, operating 25 times faster than traditional methods, which can double factory margins and recoup costs in under three months. Releaf has garnered support from notable investors, including Breakthrough Energy Ventures and Y Combinator.
Sety is a security platform company, that connects victims to the security or medical emergency, guaranteeing safety and digitalising out solution, allowing businesses and developers access to our core services. We hope to revolutionise how people report incidents globally.
Pngme is a mobile finance platform that offers comprehensive financial solutions aimed at Micro, Small, and Medium Enterprises (MSMEs) and unbanked or underbanked consumers. The platform provides mobile payments, savings options, and a credit scoring system based on digital footprints, facilitating access to financial services for underserved populations. Additionally, Pngme develops a financial data platform that streamlines data processing for financial institutions, particularly in emerging markets. This technology aids in digitizing the credit scoring and capital procurement processes, enabling lenders to expand their operations while minimizing risk and enhancing their capital access. Through its services, Pngme contributes to improving financial inclusion and supporting the growth of businesses in underserved communities.
Chaka Technologies Limited is a financial technology company based in Lagos, Nigeria, that operates an online stock trading and investment platform. The company facilitates access to global capital markets for African individuals and businesses, enabling them to create trading accounts and invest in a wide range of assets, including equities, mutual funds, fixed income products, and cryptocurrencies. With access to over 3,000 assets across more than 40 countries, including major markets such as the United States, China, and the United Kingdom, Chaka aims to lower barriers to investment. Its platform is designed to be regulatorily compliant, serving a diverse clientele that includes corporate and institutional clients, investment advisors, stockbrokers, and fund managers.
Akiba Digital is a financial data aggregation company, that houses a data consolidation and enrichment engine that clusters, visualises and predicts consumer behaviour. Our vision is to build a company that is most effective at understanding and enhancing personal financial management for the African consumer.
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.
MarketForce connects Africa’s informal retail outlets and consumers directly to suppliers of consumer goods and financial services by digitizing orders, delivery, and payments with the aim of solving the last mile distribution challenge.
PayHippo is a financial technology company focused on providing financing solutions for small and medium-sized enterprises (SMEs) in Nigeria. It offers automated underwriting and credit assessment tools that facilitate the flow of capital to approximately 40 million small businesses in the region. Through its API integration, PayHippo enables partners to effectively monitor the SMEs utilizing its financing services. The company specializes in providing various financial products, including working capital loans, asset financing, and inventory financing, which help businesses acquire necessary equipment and access clean energy solutions. By bridging the financing gap for SMEs, PayHippo contributes to the growth and sustainability of small businesses in Africa.
MDaaS Global operates diagnostic centers in underserved communities in Africa, providing essential services such as radiology, cardiology, and laboratory testing. Established in 2016 and headquartered in Lagos, Nigeria, with an office in Cambridge, Massachusetts, the company focuses on connecting low- and middle-income patients with modern and affordable healthcare solutions. Through its tech-enabled facilities, MDaaS Global enhances patient access to timely diagnostics, which helps in the early identification of health issues and facilitates connections to medical specialists and treatment options. Additionally, the company is involved in the retail, leasing, installation, and maintenance of medical equipment for hospitals, further supporting the healthcare infrastructure in the regions it serves.
Nexford University is an online educational institution founded in 2017 and based in Washington, D.C. It aims to enhance social and economic mobility by providing high-quality, affordable education that aligns with the needs of global employers. The university serves diverse markets, including the United States, the Philippines, Nigeria, and Egypt, and operates as a hybrid model combining online education with technology-driven learning solutions. Nexford's curriculum focuses on mastery of workplace-relevant competencies, utilizing artificial intelligence to tailor learning experiences to the skills in highest demand. With a fully online format, the institution fosters a global community that supports student success and lifelong learning, positioning itself as a leader in accessible education for middle-income societies.
Bongalow is a mobile-powered home financing marketplace that enables Africans at home and abroad shops for the best home loan to purchase their desired property.
Developer of a digital insurance platform intended to integrate insurance into businesses. The company's platform allows easy integration across sectors to offer insurance products through a seamless digital experience, providing clients with automated underwriting, speeding up claims, reducing claims ratios, and increasing profitability.
Afriex Inc. is a company based in Oakland, California, founded in 2019, that specializes in developing a mobile payment application aimed at facilitating overseas money transfers. The platform allows users to send and receive money globally, utilizing stablecoins to provide a fast and cost-effective remittance service to over 30 countries. The application offers features for sending, receiving, and making payments at current exchange rates, along with various withdrawal options to enhance user convenience. Afriex aims to streamline cross-border transactions, making it easier for individuals to manage their finances internationally.
Termii Webtech Limited, founded in 2014 and based in Lagos, Nigeria, operates an online communication platform that enables businesses to engage effectively with their customers. The platform facilitates personalized messaging through various channels, including SMS, email, voice, and instant messaging. Termii aims to help African businesses build lasting customer relationships by providing a suite of applications that address digital branding, sales, and marketing needs. These applications include tools for customer relationship management, eCommerce, accounting, inventory, and project management, thereby enhancing both business functionality and social networking capabilities.
Sote, Inc. is a company that specializes in developing a digital customs clearing and freight forwarding platform tailored for the logistics industry in Africa. Founded in 2017 and headquartered in San Francisco, with an additional office in Nairobi, Kenya, Sote aims to enhance trade across the continent by providing innovative solutions and services. The platform enables industrial cargo owners to manage freight clearing, track shipment status, access payment history, and estimate container arrival times through a centralized dashboard. As the first licensed provider of digital customs solutions in Africa, Sote focuses on increasing visibility and transparency for importers and exporters, ultimately contributing to the growth of the continent's GDP. The name "Sote," which means "all of us" in Swahili, reflects the company's commitment to fostering collective economic advancement.
Indicina Technologies Limited is a Lagos-based company that offers a digitized credit analysis platform designed to enhance consumer finance strategies. The platform serves banks, insurers, consumer finance firms, and retail merchants by enabling them to develop credit rules and models, conduct credit assessments and scoring, manage loan portfolios comprehensively, and streamline loan collections. By leveraging analytics-driven insights, Indicina facilitates informed credit decisions for lenders, thereby improving the efficiency and effectiveness of the lending process.
Releaf is an online marketplace based in Nigeria that connects agribusiness buyers and sellers with customers. Founded in 2017, the company specializes in various agricultural products, including cassava, palm oil, ginger, cashew nuts, fish, maize, cocoa, kola nuts, yam, and sesame seeds. Releaf addresses the procurement challenges faced by African food factories, which often operate at less than 30% capacity, by employing advanced pre-processing technology. The company's proprietary oil palm de-sheller significantly enhances input quality, operating 25 times faster than traditional methods, which can double factory margins and recoup costs in under three months. Releaf has garnered support from notable investors, including Breakthrough Energy Ventures and Y Combinator.
Metro Africa Xpress, also known as MAX.ng, is a Lagos-based company that specializes in on-demand package pickup and delivery services. Incorporated in 2015, MAX.ng offers various delivery options including same day, three-hour, and next day services. The company addresses last-mile delivery challenges by utilizing mobile and web platforms to connect consumers, retail businesses, and independent drivers in real-time. By streamlining logistics and leveraging technology, MAX.ng aims to enhance the capabilities of retail businesses in Africa, facilitating growth and improving service delivery in the region. Additionally, the company provides a mobile application that integrates delivery services with ride-hailing options, further enhancing convenience for its users.
Kobo360 is a digital logistics platform that connects cargo owners, truck operators, and drivers to streamline the supply chain process. Founded in 2017 and headquartered in Lagos, Nigeria, the platform utilizes data analytics and artificial intelligence to enhance efficiency in logistics operations, particularly in last-mile delivery. Kobo360 aims to reduce communication gaps and optimize pick-ups and deliveries, ensuring goods are moved seamlessly across the continent. The company also supports rural farmers by minimizing farm wastages, thereby enabling them to access new markets and increase their earnings. In addition to its logistics services, Kobo360 plans to establish a marketplace to link farmers directly with buyers globally, which will help eliminate intermediaries and improve profitability for smallholder farmers. Ultimately, Kobo360 seeks to build a comprehensive logistics ecosystem that enhances trade and commerce in Africa and emerging markets.