Future Africa

Future Africa is a venture capital firm established in 2016 and based in Lagos, Nigeria. The firm focuses on investing in mission-driven innovators across various sectors, including agriculture, data and artificial intelligence, e-commerce, education, finance, health, media, mobility, real estate, and technology. In addition to providing capital, Future Africa offers coaching and fosters a community to support entrepreneurs in their growth and development. The firm aims to facilitate impactful innovations that contribute to the economic and social progress in Africa.

Abby Chaffatt

Partner

V. Chinyere Inya

Partner and Head of Platform

Mia Koschitzky-Kimani

Managing Partner

Mayowa Olugbile

General Partner

Mathew Saunders

Senior Principal and Head of Investments

Barakat Adenike Sheriff

Principal

Caleb Zipperstein

Venture Partner

Past deals in Kenya

Jumba

Pre Seed Round in 2022
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.

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.

Finclusion Group

Seed Round in 2022
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.

Alvin

Pre Seed Round in 2022
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

Seed Round in 2021
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.

Kwara

Seed Round in 2021
Kwara GmbH is a Berlin-based company that develops a digital banking platform specifically designed for savings and credit co-operative societies (SACCOs). Founded in 2018, Kwara provides a cloud-based platform that facilitates loan application servicing and approval for members, alongside integration services, customer support, and real-time financial tracking. The platform also includes compliance services and offers a product called Kwara Pronto for managing loans. By enabling cooperative financial institutions to connect with the formal financial system, Kwara aims to bolster the financial cooperative movement, which positively impacts millions of people. The company also has an office in Nairobi, Kenya, expanding its reach and support for these communities.

MarketForce

Seed Round in 2021
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.

Lami

Seed Round in 2021
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.
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