Olajumoke Akinwunmi

Co-Founder and Managing Director

Jumoke Akinwunmi

Co-Founder, Partner / Managing Director

Tokunboh Ishmael

Managing Director and Co-Founder

Mobola (da-Silva) Onibonoje

Investment Principal

5 past transactions

Lidya

Series B in 2021
Lidya is a financial services platform based in Lagos, Nigeria, founded in 2016. The company focuses on improving access to credit and financial resources for small and medium enterprises in emerging markets. Lidya enables businesses to open online accounts quickly, manage their funds, and access necessary credit to facilitate growth. Utilizing mobile-first technology and proprietary credit scoring algorithms, the platform offers tools and dashboards that help businesses monitor their cash flow and receivables. This approach allows users to build their credit profiles, which can lead to higher credit limits and more affordable financing options. Lidya aims to empower businesses with the financial tools they need to succeed and plan for the future.

SparkMeter

Series A in 2020
SparkMeter, Inc. specializes in developing electricity metering systems tailored for rural and central utilities in developing markets. The company offers a range of products, including the SM16R for residential customers, the SM60R for larger residential needs, the SM60RP for medium commercial or industrial clients, and the SM200E for post-paid metering of large customers. In addition to hardware, SparkMeter provides software solutions designed to improve grid efficiency and asset performance for microgrids and distribution utilities in remote areas. Their offerings facilitate prepaid billing, enhance customer communication, and enable remote monitoring and control. Founded in 2012 and headquartered in Washington, D.C., with an additional office in Nairobi, Kenya, SparkMeter aims to increase access to electricity in underserved markets and hard-to-reach locations.

MAX

Venture Round in 2019
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.

Lidya

Series A in 2018
Lidya is a financial services platform based in Lagos, Nigeria, founded in 2016. The company focuses on improving access to credit and financial resources for small and medium enterprises in emerging markets. Lidya enables businesses to open online accounts quickly, manage their funds, and access necessary credit to facilitate growth. Utilizing mobile-first technology and proprietary credit scoring algorithms, the platform offers tools and dashboards that help businesses monitor their cash flow and receivables. This approach allows users to build their credit profiles, which can lead to higher credit limits and more affordable financing options. Lidya aims to empower businesses with the financial tools they need to succeed and plan for the future.