Golden Palm Investments

Founded in 2008, Golden Palm Investments is a venture capital firm headquartered in Accra, Ghana. It focuses on early-stage and growth investments in Africa, with a primary focus on real-estate, agribusiness, and technology sectors.

Bamiji Alajiki

Managing Partner

Past deals in Africa and Middle East

Talstack

Pre Seed Round in 2023
Talstack is a subscription-based talent management platform that helps companies identify learning gaps among employees and address them by providing access to courses and mentorship from Africa's top professionals.

Jetstream Africa

Seed Round in 2023
Jetstream Africa Limited is a cloud-based logistics company headquartered in Accra, Ghana, established in 2018. The company operates a digital platform that facilitates cross-border marine logistics services for African businesses. It specializes in freight forwarding and global exports, enabling small and medium-sized enterprises (SMEs) to access international trade more easily. By offering services such as shipment booking and tracking, as well as consolidated shipping options, Jetstream enhances the supply chain experience for its users, effectively leveling the playing field in the competitive global market.

Maplerad

Seed Round in 2022
Maplerad is a fast, safe and easy way to send and receive money with friends, family or others you trust. You can receive and send money directly into any Nigerian bank account in minutes using Bitcoin, US Dollars, and Naira.

Eksab

Seed Round in 2022
Eksab operates an online daily fantasy sports platform that lets players draft and test predictions on live football matches, accumulate points based on accuracy, and win prizes. The service targets the Middle East and Africa while supporting predictions from around the world and allowing users to challenge friends with mobile fantasy, prediction, and trivia experiences. Founded in 2017 and based in Cairo, Egypt, Eksab focuses on accessible, user-friendly sports entertainment.

Wowzi

Seed Round in 2021
Wowzi is an influencer marketing platform that aims to streamline and automate marketing workflows for brands. It connects everyday social media users, particularly nano and micro creators, with large brands, allowing them to earn money by sharing brand messages on their social networks. The platform enables users to outline detailed marketing campaigns, specifying factors such as timing, channel, budget, and demographic criteria to select suitable influencers. This approach allows small and medium enterprises, multinational corporations, creative agencies, research companies, and NGOs to effectively push brand messages while also gathering valuable consumer insights, ultimately driving commerce in Africa.

ILLA

Seed Round in 2021
ILLA is a logistics company based in El Dokki, Egypt, specializing in middle-mile delivery services for fast-moving consumer goods (FMCG) companies. Founded in 2017, ILLA operates an asset-light model that digitizes the delivery process, allowing for comprehensive planning and execution. The company monitors logistics activities to enhance efficiency and drive sales growth for its clients. By connecting FMCG companies with a diverse network of trucks, ILLA provides a dynamic solution that addresses the complexities of delivering products to various retail and non-retail outlets. This approach ensures full control and visibility over the logistics process, enabling clients to navigate daily market challenges effectively.

Sendbox

Seed Round in 2021
Sendbox is a platform that facilitates e-commerce on social media platforms like Instagram, Facebook, and WhatsApp. It offers infrastructure for shipping, secure escrow payments, and merchant discovery services to businesses and customers across North America, Europe, and Africa.

Mono

Series A in 2021
Mono is a Nigerian company founded in 2020 that specializes in developing a financial data infrastructure application programming interface (API) platform. The company aims to enhance access to financial accounts and improve onboarding and identification processes across emerging markets in Africa. Mono's platform offers a variety of services, including the generation of bank statements, account verification, payment initiation, and credit checks. By providing businesses with secure and efficient access to crucial financial data, Mono empowers organizations ranging from startups to large enterprises, facilitating their ability to thrive and contribute to economic growth in the region.

Mono

Series A in 2021
Mono is a Nigerian company founded in 2020 that specializes in developing a financial data infrastructure application programming interface (API) platform. The company aims to enhance access to financial accounts and improve onboarding and identification processes across emerging markets in Africa. Mono's platform offers a variety of services, including the generation of bank statements, account verification, payment initiation, and credit checks. By providing businesses with secure and efficient access to crucial financial data, Mono empowers organizations ranging from startups to large enterprises, facilitating their ability to thrive and contribute to economic growth in the region.

Andela

Series E in 2021
Andela is a technology company that recruits, screens, trains, and manages software developers for organizations worldwide. Through its AI-powered talent platform, Andela Talent Cloud, it enables clients to hire individual engineers or fully managed teams with rapid onboarding and flexible engagement models, often at lower cost and faster delivery than traditional hiring. The company handles the groundwork for global staffing, including recruitment, onboarding, payroll, compliance, and ongoing talent management, allowing clients to scale engineering capacity as needed. Andela maintains a diverse, geographically distributed network of developers across numerous countries, with emphasis on Africa and other emerging markets. Its expertise spans application development, artificial intelligence, cloud and DevOps, data engineering, and related fields. Andela serves a range of customers from startups to established brands, helping them accelerate project delivery and access top technology talent.

Wapi Pay

Pre Seed Round in 2021
Wapi Pay is a Nairobi-based company, established in 2019, that provides a secure payments gateway to facilitate digital transactions between Africa and Asia. This platform enables users to make payments through various methods, including mobile money and bank accounts, and supports integration between different financial platforms. Wapi Pay's technology allows for bulk payments, making it suitable for organizations processing salaries and business purchases. The company offers a range of payment options—Bank to Bank, Wallet to Wallet, Bank to Wallet, and Wallet to Bank—catering to both individuals and businesses. It aims to provide a faster and more affordable alternative to traditional telegraphic transfers, allowing for instant liquidity and service completion within 24 hours. Wapi Pay's infrastructure ensures electronic compliance and due diligence for its partners, thus enhancing cross-border commerce in agricultural and manufactured products. The company also has locations in Singapore and Beijing, underscoring its commitment to facilitating international trade.

Jetstream Africa

Seed Round in 2021
Jetstream Africa Limited is a cloud-based logistics company headquartered in Accra, Ghana, established in 2018. The company operates a digital platform that facilitates cross-border marine logistics services for African businesses. It specializes in freight forwarding and global exports, enabling small and medium-sized enterprises (SMEs) to access international trade more easily. By offering services such as shipment booking and tracking, as well as consolidated shipping options, Jetstream enhances the supply chain experience for its users, effectively leveling the playing field in the competitive global market.

Minly

Seed Round in 2021
Minly Ltd is an online platform based in Abu Dhabi, United Arab Emirates, that facilitates connections between celebrities and fans through personalized experiences. Founded in 2020, Minly allows fans to request customized video messages from a variety of celebrities, including actors, singers, and athletes, for special occasions such as birthdays and anniversaries. The platform also supports additional forms of engagement, such as direct text messages and voice notes, enhancing the overall experience for fans. By bridging the gap between celebrities and their admirers, Minly provides unique opportunities for unforgettable interactions. In addition to its core offerings, Minly is committed to making a positive impact by partnering with local non-profit organizations focused on social development and community support in the region.

Maplerad

Pre Seed Round in 2021
Maplerad is a fast, safe and easy way to send and receive money with friends, family or others you trust. You can receive and send money directly into any Nigerian bank account in minutes using Bitcoin, US Dollars, and Naira.

Mono

Pre Seed Round in 2020
Mono is a Nigerian company founded in 2020 that specializes in developing a financial data infrastructure application programming interface (API) platform. The company aims to enhance access to financial accounts and improve onboarding and identification processes across emerging markets in Africa. Mono's platform offers a variety of services, including the generation of bank statements, account verification, payment initiation, and credit checks. By providing businesses with secure and efficient access to crucial financial data, Mono empowers organizations ranging from startups to large enterprises, facilitating their ability to thrive and contribute to economic growth in the region.

Africa Health Holdings

Venture Round in 2020
CarePoint is a healthcare platform focused on transforming the healthcare landscape through innovation and digitization. Founded in 2017 and headquartered in Accra, Ghana, with offices in Nigeria and New York, the company operates a network of healthcare businesses that provide various services, including hospital care, telemedicine, and clinics. By consolidating these services, CarePoint aims to create a connected and patient-centered healthcare system across Africa, enhancing the overall quality and accessibility of healthcare for local communities. The organization promotes a collaborative work environment that encourages professionals to exceed expectations and contribute to the development and success of healthcare in the region.

Jetstream Africa

Pre Seed Round in 2019
Jetstream Africa Limited is a cloud-based logistics company headquartered in Accra, Ghana, established in 2018. The company operates a digital platform that facilitates cross-border marine logistics services for African businesses. It specializes in freight forwarding and global exports, enabling small and medium-sized enterprises (SMEs) to access international trade more easily. By offering services such as shipment booking and tracking, as well as consolidated shipping options, Jetstream enhances the supply chain experience for its users, effectively leveling the playing field in the competitive global market.

Tizeti

Series A in 2018
Founded in 2016, Tizeti delivers unlimited broadband internet services using Wi-Fi technology across Africa. It targets densely populated urban centers, leveraging low-cost solar power and Wi-Fi's large wireless capacity to create a customer-friendly pricing model.

Frontier Car Group

Series B in 2018
Frontier Car Group is a Berlin-based startup focused on developing and operating used automotive marketplaces in emerging markets, including Nigeria, Mexico, Argentina, Colombia, Chile, Pakistan, and Indonesia. The company aims to simplify the process of buying and selling used cars through its online platform, which features a digital quote engine that provides instant pricing for vehicles. This technology not only enhances the efficiency of transactions but also facilitates quick vehicle inspections at designated locations. By leveraging innovative business models and infrastructure, Frontier Car Group is able to create value for all stakeholders involved in the used car market. Additionally, the company is engaged in joint ventures with OLX in India and Poland, further expanding its reach and impact in the automotive sector.

Andela

Series C in 2017
Andela is a technology company that recruits, screens, trains, and manages software developers for organizations worldwide. Through its AI-powered talent platform, Andela Talent Cloud, it enables clients to hire individual engineers or fully managed teams with rapid onboarding and flexible engagement models, often at lower cost and faster delivery than traditional hiring. The company handles the groundwork for global staffing, including recruitment, onboarding, payroll, compliance, and ongoing talent management, allowing clients to scale engineering capacity as needed. Andela maintains a diverse, geographically distributed network of developers across numerous countries, with emphasis on Africa and other emerging markets. Its expertise spans application development, artificial intelligence, cloud and DevOps, data engineering, and related fields. Andela serves a range of customers from startups to established brands, helping them accelerate project delivery and access top technology talent.

Fibre Lifestyle

Seed Round in 2017
Fibre provides a way to find and pay for homes in Nigeria. Fibre exists to eliminate the barriers that make it difficult for young people to find homes and live in major cities in Nigeria. The company was founded in 2016 and is based in Lagos, Nigeria.

Tizeti

Seed Round in 2017
Founded in 2016, Tizeti delivers unlimited broadband internet services using Wi-Fi technology across Africa. It targets densely populated urban centers, leveraging low-cost solar power and Wi-Fi's large wireless capacity to create a customer-friendly pricing model.

Andela

Series A in 2015
Andela is a technology company that recruits, screens, trains, and manages software developers for organizations worldwide. Through its AI-powered talent platform, Andela Talent Cloud, it enables clients to hire individual engineers or fully managed teams with rapid onboarding and flexible engagement models, often at lower cost and faster delivery than traditional hiring. The company handles the groundwork for global staffing, including recruitment, onboarding, payroll, compliance, and ongoing talent management, allowing clients to scale engineering capacity as needed. Andela maintains a diverse, geographically distributed network of developers across numerous countries, with emphasis on Africa and other emerging markets. Its expertise spans application development, artificial intelligence, cloud and DevOps, data engineering, and related fields. Andela serves a range of customers from startups to established brands, helping them accelerate project delivery and access top technology talent.
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