LoftyInc Capital Management

LoftyInc Capital Management is a venture capital firm established in 2017 and headquartered in Lagos, Nigeria. The firm focuses on investing in technology companies across Africa, having committed over $25 million to more than 150 high-growth enterprises, including three unicorns. LoftyInc has successfully attracted approximately $1.5 billion in follow-on funding for its portfolio companies, emphasizing long-term growth and community benefits. The firm has developed a broad ecosystem that includes tech hubs, angel networks, and talent platforms to support its investments. To date, LoftyInc has realized 14 exits and achieved a notable return on investment through its funds.

Julius Aroba

Investment Associate

Oluseye Bassir

Partner

Idris Bello

Founding Partner

Lydia Idem

COO

Mariam Kamel

General Partner

Michael Oluwagbemi

Founding Partner

Kevin Simmons

General Partner

Marsha Wulff

Co-Founder

171 past transactions

WideBot

Seed Round in 2025
WideBot, Inc. is a Cairo-based company that specializes in developing an Arabic-focused bot builder platform. Founded in 2016, WideBot is the first platform of its kind in the MENA region, allowing businesses to create intelligent chatbots without the need for coding or technical expertise. The platform provides a user-friendly experience, enabling clients to build customized bots in just ten minutes. It features capabilities such as data training, optimization, and ongoing technical support. Additionally, WideBot's proprietary AI engine is designed to understand and respond to multiple Arabic dialects, while being sentiment and tone aware, thereby enhancing user engagement.

Mtor

Pre Seed Round in 2023
Mtor is an online marketplace focused on the automotive aftermarket, offering a platform for the procurement of automotive spare parts. The company aims to provide transparency in pricing for sellers while catering to the needs of mechanics by delivering a wide range of spare parts on demand. Mtor's services include efficient shipping options that enable clients to receive the necessary parts quickly, thereby streamlining the repair process and enhancing operational efficiency for workshops. Through its innovative technology solutions, Mtor is transforming the way automotive parts are sourced and delivered.

EMTECH

Seed Round in 2023
EMTECH is a fintech company focused on modernizing central banks to enhance financial inclusion and market resilience. Founded in 2019 and headquartered in New York, EMTECH provides a cloud-based platform that facilitates the integration of regulatory compliance and central bank digital currencies. Their offerings include digital regulatory sandboxes for collaborative workflows, digital cash solutions, and tools for cross-border currency integration. By developing scalable and resilient digital infrastructure, EMTECH aims to support central banks in improving their operations and adapting to the demands of the Web3 era.

Farmz2U

Seed Round in 2023
Farmz2U is an infrastructure company dedicated to empowering smallholder farmers by providing essential tools and resources to enhance their agricultural operations. The company develops a farming management system that focuses on data-driven solutions to automate production processes, ultimately increasing yield and profitability. Through its web application, Farmz2U offers comprehensive support for farmers at every stage, from pre-farming to post-harvest. This includes digital extension services that deliver tailored agricultural expertise and facilitate market access, enabling smallholder farmers to improve their practices and achieve commercial success.

Terragon

Series B in 2023
Terragon is a prominent data and marketing technology company headquartered in Lagos, Nigeria, with additional offices in Kenya, South Africa, Ghana, and India. The company specializes in providing enterprise marketing software that aids businesses in customer acquisition and sales management. By leveraging a combination of online and offline data, along with predictive scoring, Terragon enables brands, marketing agencies, and platforms to effectively target consumers across various channels and devices. Their solutions allow for the collection, aggregation, and monetization of first-party data directly from customers, ensuring that advertising efforts are data privacy compliant and do not depend on third-party cookies. This approach empowers businesses to gain insights into consumer behavior and enhance their digital marketing strategies while measuring the effectiveness of their campaigns.

Craydel

Pre Seed Round in 2023
Craydel is an educational information platform that assists students and working professionals in Africa in discovering, comparing, and applying to higher education programs. The platform features thousands of verified undergraduate, postgraduate, and vocational programs from leading universities and colleges across 15 countries, many of which can be accessed online. Craydel aims to simplify the decision-making process by offering comprehensive information on colleges, course options, and tuition fees, allowing users to evaluate programs based on their career aspirations, personal preferences, academic qualifications, and financial considerations. This facilitates informed choices about educational and career paths, including opportunities for online certificate programs that allow prospective students to explore their interests before making a commitment.

ORDA

Seed Round in 2022
ORDA is a cloud-based restaurant operating system built for African chefs and food business owners. ORDA's ePos, integrations, and lending solutions enable Africa’s millions of food business owners to scale and grow their business. The company was founded in 2020 and is based in Lagos, Nigeria.

Cutstruct

Pre Seed Round in 2022
Cutstruct operates a technology-driven platform designed to enhance the efficiency and cost-effectiveness of construction projects. The platform serves various construction needs, including price discovery and comparison of materials, optimized procurement processes, and comprehensive project monitoring and management. By facilitating the purchasing of materials, hiring of labor, and overseeing of project logistics, Cutstruct aims to empower construction stakeholders to execute their projects with greater confidence and value. The company's applications are geared towards maximizing the potential of every investment in construction, making it easier for individuals and businesses to navigate the building process.

Craydel

Pre Seed Round in 2022
Craydel is an educational information platform that assists students and working professionals in Africa in discovering, comparing, and applying to higher education programs. The platform features thousands of verified undergraduate, postgraduate, and vocational programs from leading universities and colleges across 15 countries, many of which can be accessed online. Craydel aims to simplify the decision-making process by offering comprehensive information on colleges, course options, and tuition fees, allowing users to evaluate programs based on their career aspirations, personal preferences, academic qualifications, and financial considerations. This facilitates informed choices about educational and career paths, including opportunities for online certificate programs that allow prospective students to explore their interests before making a commitment.

SecondSTAX

Pre Seed Round in 2022
SecondSTAX is a technology-driven platform that facilitates intra-continental equity trading across multiple African bonds and stock exchanges. The company has developed a capital market platform that serves as a gateway for accessing and trading debt and equity securities. Its infrastructure supports both business-to-business trading and retail customer operations, allowing clients to engage in capital market activities while adhering to local regulatory requirements. By providing these services, SecondSTAX aims to enhance the accessibility and efficiency of trading within the African financial landscape.

Omnibiz

Seed Round in 2022
Omnibiz is a B2B e-commerce platform based in Lagos, Nigeria, that focuses on fast-moving consumer goods (FMCG) manufacturers, distributors, and retailers. Founded in 2019, the company aims to support local businesses by digitizing the supply chain and enhancing operational efficiency. Its unified distribution platform offers tools that improve reliability, visibility, and financial capabilities for businesses. Key features include order tracking and integrated payment options, all designed to facilitate a seamless supply chain experience. By providing these resources, Omnibiz helps local enterprises navigate the complexities of the modern market and achieve their business objectives effectively.

Nandi Labs

Seed Round in 2022
Nandi Labs operates as a Web3 studio focused on empowering Black and African creators through innovative digital solutions. By leveraging the community's cultural richness, the company aims to create a sustainable ecosystem for new talent development. Nandi Labs is particularly known for its Digital FESTAC initiative, which blends real-world and metaverse experiences to foster creativity and expression among diverse storytellers. The platform specializes in creator payments and content distribution, utilizing Web3 applications and tokens to facilitate a new economy centered on art and culture. Through collaboration and storytelling, Nandi Labs is committed to transforming Black dreams into reality and promoting sustainable prosperity within the community.

Youverify

Seed Round in 2022
Youverify Inc. is a company based in Lewes, Delaware, founded in 2017, that specializes in identity verification and background screening. The company offers a platform that confirms users' identity documents and facial biometrics, cross-referencing this data with over 300 local and global databases. Additionally, Youverify assists businesses and individuals in verifying physical addresses across Sub-Saharan Africa through a network of more than 20,000 field verification officers, achieving results in less than 48 hours. By providing a comprehensive API for identity and address verification, Youverify addresses the needs of the digital industry in Africa, enhancing security with features such as identity fraud detection and encrypted data privacy.

FoondaMate

Seed Round in 2022
FoondaMate is a chatbot platform designed to enhance educational accessibility for students in developing countries, utilizing popular messaging services like Facebook and WhatsApp. The platform provides users with study materials, math equations, and past exam papers, specifically targeting matric learners. By offering these resources via social media, FoondaMate aims to deliver quality education even in environments with limited internet connectivity, thereby bridging the educational gap for underserved communities.

TRX

Seed Round in 2022
Tech Chain Software's ResQ TRX is a fourth-party logistics (4PL) solution provider focused on enhancing the efficiency of third-party logistics (3PL) clients by maximizing asset uptime and managing risk-related expenses. The platform connects logistics companies, drivers, and dispatchers with mobile mechanics to address breakdowns promptly, facilitating seamless logistics operations. By leveraging automation, software, and artificial intelligence, ResQ TRX streamlines service departments, allowing clients to reallocate capital toward other activities while maintaining high safety standards and minimizing downtime. Additionally, the company offers short-term financing to support clients' cash flow related to service expenses. ResQ TRX distinguishes itself through its extensive network and partnerships with leading software and hardware providers, contributing to advancements in the transportation industry.

Aladdin

Seed Round in 2022
Aladdin is a neobank designed specifically for small and medium-sized businesses (SMBs) and gig workers in Africa. It offers an integrated digital banking application that provides essential financial tools, including savings accounts, credit access, secure payments, and investment options. The platform facilitates safe transactions between users through a built-in escrow account, ensuring secure financial interactions. Additionally, Aladdin connects customers with verified buyers and sellers, allowing them to buy and sell products and services while enjoying a supportive community environment. By combining traditional banking services with a marketplace, Aladdin aims to empower its users with the resources they need to thrive in a dynamic economy.

Bamboo

Seed Round in 2022
Bamboo is a digital investment platform that provides real-time access to buy, hold, or sell stocks. The investment platform is accessible on both computers and mobile phones.

Norebase

Pre Seed Round in 2022
Norebase is a provider of intellectual property services focused on facilitating business growth in Africa. Recognizing the complexities of the African market, the company leverages technology to streamline the process of establishing and scaling businesses across the continent. Norebase offers services that include the setup and registration of trademarks, enabling clients to upload necessary documents and secure a registered company along with a tax identification number efficiently. This approach allows businesses to operate in Africa with reduced hassle and minimal risk, ultimately supporting their expansion into global markets.

Omnibiz

Seed Round in 2022
Omnibiz is a B2B e-commerce platform based in Lagos, Nigeria, that focuses on fast-moving consumer goods (FMCG) manufacturers, distributors, and retailers. Founded in 2019, the company aims to support local businesses by digitizing the supply chain and enhancing operational efficiency. Its unified distribution platform offers tools that improve reliability, visibility, and financial capabilities for businesses. Key features include order tracking and integrated payment options, all designed to facilitate a seamless supply chain experience. By providing these resources, Omnibiz helps local enterprises navigate the complexities of the modern market and achieve their business objectives effectively.

Ash

Seed Round in 2022
Ash is a leading at-home health testing platform expanding care to reach those most in need. Working closely with our partners, we tailor end-to-end testing solutions that meet the unique needs of any health organization’s population. Our strength comes from our unmatched understanding of people—whether that means learning the best ways to reach them or innovating a new way to keep them connected and cared for. We use our deep knowledge to develop field-tested best practices that engage hard-to-reach patients and members where they are. Because when people come first, better health outcomes are possible for all.

Kwely

Seed Round in 2022
Kwely is a fast-growing startup that operates an online marketplace platform focused on the B2B market. The platform specializes in offering wholesale products, featuring customization and white-label options through collaborative production with various suppliers. This approach ensures high-quality service from production to delivery while leveraging technology to enhance accountability and transparency in payments, logistics, and marketing. By providing suppliers with tools to facilitate business growth, Kwely aims to streamline the wholesale process and improve overall efficiency.

All I Do Is Cook

Pre Seed Round in 2022
Adun is a manufacturer of dishes and food products, packaged and delivered to suit modern-day lifestyles. They offer nigerian food, ethnic food, food delivery, direct-to-consumer, consumer packaged goods, and african food.

ORDA

Seed Round in 2022
ORDA is a cloud-based restaurant operating system built for African chefs and food business owners. ORDA's ePos, integrations, and lending solutions enable Africa’s millions of food business owners to scale and grow their business. The company was founded in 2020 and is based in Lagos, Nigeria.

Pylon

Seed Round in 2022
Pylon provides water and electricity distribution companies, in emerging markets, with a platform for managing their customers and infrastructure.

Voyance

Pre Seed Round in 2022
Voyance is a big data company that utilizes machine learning to assist businesses in predicting future outcomes based on their data. Its platform is designed to simplify data science by acquiring, validating, storing, and securing data while also handling administrative tasks such as planning and cleaning data for analysis. This enables organizations to generate reports aimed at securing buy-in from stakeholders and team members. Voyance's technology can address various business inquiries, such as forecasting revenue, detecting fraudulent transactions, and assessing customer churn. The company is currently conducting pilot programs with banks, e-commerce firms, and fintech companies in Africa and the United Arab Emirates.

Jem

Seed Round in 2022
SmartWage Pty Ltd. is a financial technology company based in Johannesburg, South Africa, that provides innovative payday solutions aimed at enhancing financial wellness for employees. Founded in 2019, SmartWage offers services that allow employees to track their earnings and access their earned salaries on demand. The company also provides salary-packaging administration services to both employers and employees, making it one of the most affordable and accessible options in the South African market. Through its offerings, SmartWage seeks to improve the overall financial well-being of individuals by enabling timely access to earned wages.

Otida

Pre Seed Round in 2022
Otida is a company that provides comprehensive support for individuals with diabetes through its innovative app and glucose monitoring kit. The app serves multiple roles, functioning as a nutritionist, fitness coach, and physician to help patients effectively manage their daily lives. By employing digital therapeutics and continuous remote monitoring, Otida enables users to monitor their blood sugar levels and adopt healthier lifestyles, ultimately aiming to reverse diabetes and prevent its complications. The company's holistic approach not only assists in controlling blood sugar without the need for medication but also promotes weight loss and reduces the risk of heart disease, thereby supporting patients in achieving better overall health.

Otida

Pre Seed Round in 2022
Otida is a company that provides comprehensive support for individuals with diabetes through its innovative app and glucose monitoring kit. The app serves multiple roles, functioning as a nutritionist, fitness coach, and physician to help patients effectively manage their daily lives. By employing digital therapeutics and continuous remote monitoring, Otida enables users to monitor their blood sugar levels and adopt healthier lifestyles, ultimately aiming to reverse diabetes and prevent its complications. The company's holistic approach not only assists in controlling blood sugar without the need for medication but also promotes weight loss and reduces the risk of heart disease, thereby supporting patients in achieving better overall health.

Cutstruct

Pre Seed Round in 2022
Cutstruct operates a technology-driven platform designed to enhance the efficiency and cost-effectiveness of construction projects. The platform serves various construction needs, including price discovery and comparison of materials, optimized procurement processes, and comprehensive project monitoring and management. By facilitating the purchasing of materials, hiring of labor, and overseeing of project logistics, Cutstruct aims to empower construction stakeholders to execute their projects with greater confidence and value. The company's applications are geared towards maximizing the potential of every investment in construction, making it easier for individuals and businesses to navigate the building process.

Angel-List

Venture Round in 2022
Heart (interview/feature) 1 Startup + 1 Angel Daily. Simple put a curator of the newest startups and angels. StumbleUpon for Startups and Angels.

AlumUnite

Pre Seed Round in 2022
AlumUnite is a for-profit social enterprise that operates a cloud-based platform designed to connect individuals across Africa through their alumni networks. By leveraging the strong community ties inherent in the African context, the platform facilitates collaboration among alumni of African institutions with global affiliations. AlumUnite enables users to share achievements, interests, projects, and photos, fostering a sense of community and promoting social impact. The initiative aims to create sustainable benefits for both alumni and their alma maters, as well as for local communities, through collective engagement and resource sharing.

Yemaachi Biotechnology

Seed Round in 2022
Yemaachi Biotechnology is focused on advancing the diagnosis and treatment of cancer through innovative therapeutic technologies. The company employs immunogenomics, bioinformatics, and artificial intelligence to enhance the development of effective cancer detection and treatment strategies. By leveraging these advanced methodologies, Yemaachi aims to lower the economic burden of cancer and improve patient outcomes through more accurate and efficient therapeutic solutions.

Primerli

Pre Seed Round in 2022
Primerli is an e-learning platform focused on creating engaging and effective learning content for consultants and advisors across various industries. The company specializes in producing short, creative videos that deliver concise industry primers, enabling users to efficiently grasp relevant information and understand their clients' environments. By applying modern standards of structure, storytelling, and production quality, Primerli ensures that its content is both informative and enjoyable, facilitating functional expertise across different specializations.

Vella Finance

Pre Seed Round in 2022
Vella is a one stop financial OS required for the business growth of every enterprise in Africa. We make cash, spend and treasury management a breeze for businesses by utilising on and off ramps infrastructure to deliver local and cross border collection, payouts and revenue management tools. Through our web and mobile applications, small business owners get a simple yet powerful system that simplifies digital finance, accelerates growth and boosts their earnings.

Rocket Health Africa

Series A in 2022
Rocket Health is a bundled service of The Medical Concierge Group, a licensed and registered clinic, laboratory, and pharmacy. Rocket Health offers telemedicine healthcare services such as doctor consultations, laboratory sample pickups, and medicine delivery.

ShoppingOS

Pre Seed Round in 2022
ShoppingOS is a no-code financial technology platform that facilitates Open Banking payments by enabling consumers to make direct payments from their bank accounts to merchants, bypassing traditional card networks. The platform provides a comprehensive suite of merchant payment services, allowing businesses to connect seamlessly with banks. It supports various functionalities, including issuing payouts to vendors and customers, processing instant refunds, and offering real-time monitoring of payment statuses and insights. This efficient system aids merchants in managing their payment operations, ensuring accurate tracking and reconciliation of balances and transactions, ultimately enhancing the overall payment experience for both merchants and consumers.

Sudo

Pre Seed Round in 2022
Sudo is an API platform established in 2020 and located in Barnawa, Kaduna. The platform enables developers to issue both physical and virtual cards efficiently and at scale, providing enhanced control and flexibility. Sudo's offerings allow for programmatic management of cards, the development of custom features, and secure integration with other services. This functionality empowers clients to create tailored experiences while managing their card issuance process effectively.

EMTECH

Seed Round in 2022
EMTECH is a fintech company focused on modernizing central banks to enhance financial inclusion and market resilience. Founded in 2019 and headquartered in New York, EMTECH provides a cloud-based platform that facilitates the integration of regulatory compliance and central bank digital currencies. Their offerings include digital regulatory sandboxes for collaborative workflows, digital cash solutions, and tools for cross-border currency integration. By developing scalable and resilient digital infrastructure, EMTECH aims to support central banks in improving their operations and adapting to the demands of the Web3 era.

Ando Foods

Seed Round in 2022
The ANDO platform offers an end-to-end technology stack that begins when an order is placed and ends when an order is delivered and guest feedback is collected. The company's technologically advanced commercial kitchens ensure that all food is produced while keeping very sensitive prep times and quality requirements in mind.

DotPay

Pre Seed Round in 2022
DotPay helps hundreds of people quickly and securely make cash withdrawals, transfers, and pay bills. It operates by utilizing network agents that use Dotpay terminals in various locations and offer financial services there and in the neighborhood around the community. DotPay is located in Yaba, Lagos.

Elevate Pay

Pre Seed Round in 2022
Elevate Pay is a financial technology company that offers a digital banking platform. This platform enables users to open bank accounts online, obtain fee-free Sudanese Pound (SDG) and US Dollar (USD) accounts, receive a free USD Mastercard, make free transfers within Sudan, and receive free international transfers from various countries. The company aims to provide innovative, fair, responsible, and inclusive financial products, improving access to financial services for its consumers.

MoneyHash

Pre Seed Round in 2022
MoneyHash operates a payment orchestration platform that simplifies payment processes for businesses in the Middle East and Africa. Through a unified API, it offers seamless integration of pay-in and pay-out rails, allowing customers to customize their checkout experience. The platform includes advanced transaction routing capabilities designed to optimize fraud detection and reduce failure rates. Additionally, MoneyHash provides a centralized reporting hub that enables users to monitor transactions effectively. This comprehensive solution helps businesses enhance their success rates, accept various payment methods, and streamline their financial operations.

Nawah Scientific

Series A in 2022
Nawah Scientific, founded in 2015 and based in Cairo, Egypt, specializes in providing scientific research services focused on natural and medical sciences. The company offers a range of analytical services, including chromatographic analysis, bioassays, spectrophotometry, and phytochemical services. Additionally, Nawah allows users to book access to advanced scientific equipment, such as dissolution testers and spectrophotometers. Their online platform facilitates the submission of experiment requests, enabling scientists to conduct research efficiently, irrespective of their laboratory capabilities. Nawah also provides training courses in specialized areas like High Performance Liquid Chromatography (HPLC) and nano drug delivery systems. The company serves a diverse clientele, including universities, corporations, and small to medium-sized enterprises, and has successfully analyzed over 10,000 samples for various institutions in the MENA region, Malaysia, the UK, and Switzerland.

Nestcoin

Pre Seed Round in 2022
Nestcoin is a web3 application company that specializes in creating, operating, and investing in crypto-native products. The firm develops cryptocurrency investment software that allows investors to construct and invest in products focused on the digital asset space. Its offerings encompass a wide range of sectors, including decentralized finance, media, digital art, and gaming. By enabling clients in the crypto markets to access tailored crypto solutions, Nestcoin aims to enhance the investment experience for users interested in cryptocurrency.

Bamboo

Series A in 2022
Bamboo is a digital investment platform that provides real-time access to buy, hold, or sell stocks. The investment platform is accessible on both computers and mobile phones.

Jem

Pre Seed Round in 2022
SmartWage Pty Ltd. is a financial technology company based in Johannesburg, South Africa, that provides innovative payday solutions aimed at enhancing financial wellness for employees. Founded in 2019, SmartWage offers services that allow employees to track their earnings and access their earned salaries on demand. The company also provides salary-packaging administration services to both employers and employees, making it one of the most affordable and accessible options in the South African market. Through its offerings, SmartWage seeks to improve the overall financial well-being of individuals by enabling timely access to earned wages.

Touch and Pay

Venture Round in 2022
Touch and Pay is a company that offers a digital transaction platform designed to facilitate mobile payments through the use of near-field communication (NFC) technology. The platform enables businesses to digitize and process both online and offline transactions, promoting financial inclusion by simplifying payment registration, collection, and tracking. With a focus on enhancing efficiency for organizations of all sizes, Touch and Pay provides end-to-end solutions that encompass ideation, prototyping, production, quality checking, product launches, and ongoing maintenance. Their system features a robust dashboard and reporting backend, ensuring full visibility of all transactions. By addressing common challenges faced by business owners, the company aims to create a seamless payment experience that enhances market appeal and operational efficiency.

Paps

Seed Round in 2022
Paps is a transport and logistics company based in Dakar, Senegal, founded in 2016. It provides innovative distribution and delivery solutions tailored for companies and merchants. The company's e-commerce platform facilitates real-time scheduling and tracking of deliveries, enhancing the logistics process. Paps specializes in the distribution of documents and parcels, secure storage of goods, and insured delivery options, including last-mile and relay point services. Additionally, it offers professional services such as cash-on-delivery management, courier provision, returns management, and periodic reporting. The company’s on-demand logistics application features live tracking, an intelligent address system, and automatic dispatch, ensuring clients benefit from timely shipment movements.

ORDA

Pre Seed Round in 2022
ORDA is a cloud-based restaurant operating system built for African chefs and food business owners. ORDA's ePos, integrations, and lending solutions enable Africa’s millions of food business owners to scale and grow their business. The company was founded in 2020 and is based in Lagos, Nigeria.

Verofax

Seed Round in 2022
Verofax is a company that provides a comprehensive asset digitization and tracing platform aimed at enhancing productivity and compliance for businesses. Its services focus on traceability for pharmaceuticals, valuables, and food products, helping to build trust by eliminating issues related to counterfeiting, tampering, and inventory diversion. The platform includes features such as serialization and anti-counterfeiting systems, which enable organizations to securely validate transactions and protect their brands. Additionally, Verofax offers solutions for safe last-mile delivery, ensuring that products reach consumers securely and reliably. By improving traceability and compliance, Verofax aims to enhance consumer satisfaction and bolster the integrity of supply chains across various industries.

Gahez Market

Pre Seed Round in 2022
Gahez Market is an e-commerce company that focuses on providing wholesale services to local shops and merchants. It operates a B2B marketplace platform that connects traders with a wide variety of clothing and footwear products at competitive prices. By acting as an intermediary, Gahez facilitates the delivery of these goods, allowing merchants to improve their profit margins and reach new customer segments. The platform is supported by electronic content and a mobile application, making it easier for retailers to access and manage their wholesale purchases effectively.

WellFound

Venture Round in 2022
WellFound is an online job portal based in New York, established in 2010, that connects startups and tech companies with job seekers. Originally known as AngelList Talent, it aims to assist innovators in finding their ideal teams, regardless of geographic location. In addition to facilitating job placements, WellFound serves as a platform for startups to engage with accredited investors for capital raising, creating a comprehensive ecosystem for both employment and investment in the startup sector. The platform caters to the needs of startups, angel investors, and individuals seeking employment in the dynamic startup landscape.

EPUMP

Venture Round in 2022
EPUMP, developed by Africania Computers Ltd, is a Decision Support System designed for the gas station industry. This platform offers cloud-based forecourt automation services, enabling real-time monitoring of sales and operations. EPUMP measures, tracks, manages, and controls fueling expenditures, providing an alternative payment system and enhancing customer services. By streamlining day-to-day fueling transactions, EPUMP benefits both station owners and customers, effectively addressing the need for improved energy automation in the sector.

HotPod

Seed Round in 2022
HotPod is a managed kitchen network designed to assist restaurants and food entrepreneurs in expanding into new markets with reduced risk. The company provides essential kitchen space and infrastructure, along with dedicated delivery and pick-up hubs. This setup enables food businesses to enhance their delivery capabilities, promoting operational efficiency and facilitating affordable growth for restaurants. Through its innovative platform, HotPod supports the evolving needs of the food industry, allowing culinary ventures to thrive in competitive environments.

Wave Mobile Money

Venture Round in 2022
Wave Mobile Money is a financial technology company focused on providing app-based solutions for saving, transferring, and borrowing money in Africa. With a mission to create the first cashless continent, Wave aims to address the challenge of limited access to banking services, as less than 10% of the African population has a bank account. The company is developing an inclusive financial network that offers no account fees and allows for instant transactions, making it accessible to a broader audience. By leveraging technology, Wave is creating affordable financial services that enable individuals to manage their money effectively, thereby fostering economic empowerment and contributing to poverty alleviation. Its platform supports various services, including deposits, withdrawals, bill payments, and money transfers, facilitating cashless transactions for users and businesses alike.

Ceviant

Venture Round in 2022
Ceviant Finance specializes in cloud-based treasury and payment automation solutions. The company provides a comprehensive platform that facilitates cash liquidity management, virtual accounts, receivables management, electronic invoicing, and treasury management. Additionally, Ceviant offers services that assist in cash forecasting and provide credit options to finance international trade, enabling businesses to manage multiple bank accounts and centralize their payment processes effectively.

Tazah Technologies

Seed Round in 2021
Tazah Technologies operates an agricultural marketplace aimed at connecting farmers with businesses in Pakistan. The company focuses on creating a technology-enabled operating system for the food and agriculture supply chain, enhancing efficiency and transparency. By offering standardized quality and transparent pricing, Tazah facilitates mobile application orders, making it easier for businesses to engage with producers. This approach not only improves the overall functionality of the agricultural value chain but also seeks to enhance the lives of producers, businesses, and consumers alike.

SimpliFi

Venture Round in 2021
SimpliFi is a company focused on democratizing payments through its Cards as a Service (CaaS) platform, primarily serving clients in the MENA region and Pakistan. The platform streamlines the entire card issuance process, including partner management with banks, payment schemes, processors, and identity verification, along with fulfillment and delivery. By providing a comprehensive technology stack, SimpliFi facilitates card operations and compliance functions, allowing clients to concentrate on their core business activities. This approach positions SimpliFi as a key player in enhancing accessibility and efficiency in the payments landscape.

Koniku

Series A in 2021
Koniku Inc. is a neurotechnology company based in Berkeley, California, established in 2015. It specializes in developing co-processors made from biological neurons, which enable computers to detect and analyze odors. The company's primary innovation is the Konikore, a smell processor that has applications in various fields, including healthcare, security, industrial monitoring, and food safety. By capturing volatile organic compounds (VOCs) in environments like bathrooms, Koniku aims to create a data network that can predict disease outcomes before they manifest, utilizing machine learning to analyze the collected data. Additionally, Koniku provides preclinical testing services that replicate the sensitivity of biological systems, facilitating the development of devices that can monitor and map interactions with VOCs in human life.

Naya

Seed Round in 2021
Naya’s platform brings the entire physical product design journey into one digital studio, from prompt to product, allowing teams to 10x their outcomes — speed, cost, and customer love.

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.

Flex Finance

Pre Seed Round in 2021
Flex Finance is a spend management platform tailored for small and medium-sized enterprises in Africa, addressing the critical issue of financial mismanagement that leads to high business failure rates. Recognizing that 90% of businesses on the continent may not survive past five years due to inadequate financial oversight, Flex provides tools to streamline expense management. The platform features an intuitive user interface that facilitates budgeting, expense tracking, digital requisitions, and bulk payment transfers. By offering these services through both mobile and web applications, Flex empowers businesses to digitize their financial operations, making them more efficient and better equipped to manage their spending in an increasingly digital environment.

Sylndr

Pre Seed Round in 2021
Sylndr is an automotive e-commerce marketplace that focuses on enhancing the used-car market by providing a reliable and transparent platform for buying and selling vehicles. The company aims to establish trust among customers, positioning itself as the preferred choice for individuals looking to engage in transactions involving high-quality used cars. Sylndr offers a diverse selection of vehicles along with various financing options, making it easier for customers to navigate the purchasing process. Through its innovative approach, Sylndr seeks to simplify the experience of buying and selling used cars, ultimately fostering greater confidence in the market.

Nawah Scientific

Venture Round in 2021
Nawah Scientific, founded in 2015 and based in Cairo, Egypt, specializes in providing scientific research services focused on natural and medical sciences. The company offers a range of analytical services, including chromatographic analysis, bioassays, spectrophotometry, and phytochemical services. Additionally, Nawah allows users to book access to advanced scientific equipment, such as dissolution testers and spectrophotometers. Their online platform facilitates the submission of experiment requests, enabling scientists to conduct research efficiently, irrespective of their laboratory capabilities. Nawah also provides training courses in specialized areas like High Performance Liquid Chromatography (HPLC) and nano drug delivery systems. The company serves a diverse clientele, including universities, corporations, and small to medium-sized enterprises, and has successfully analyzed over 10,000 samples for various institutions in the MENA region, Malaysia, the UK, and Switzerland.

Treepz

Seed Round in 2021
Treepz is a technology-driven transportation company focused on enhancing mobility across Africa. Founded in 2019 and headquartered in Ontario, Canada, Treepz operates in Nigeria, Ghana, Uganda, and Kenya, providing users with a reliable and comfortable commuting experience. Its application allows users to book trips for daily, inter-city, or corporate travel at the tap of a button. The platform offers features such as vehicle assistants, licensed drivers, and e-wallet payments, ensuring that users can book and pay for fast and convenient trips in real-time. Through its innovative approach, Treepz aims to create a safer and more efficient transportation system for commuters in the region.

InstantRad

Seed Round in 2021
InstantRad is a cloud-based platform that connects medical professionals with essential medical images and data needed for generating medical reports. It facilitates teleradiology by allowing clinical professionals from various imaging backgrounds to efficiently share data, manage administrative tasks, and obtain second opinions. The platform supports multiple devices, including desktop web browsers, Android tablets and smartphones, as well as Apple iPads and iPhones. By enabling real-time access to radiology scan readings from remote specialists, InstantRad aims to streamline radiology workflows and enhance collaboration among healthcare providers.

Sabi Am

Convertible Note in 2021
Sabi is a B2B network designed to enhance commerce within the informal trade sector. It aims to accelerate the flow of transactions by facilitating connections among stakeholders. The company offers a comprehensive e-commerce logistics infrastructure that serves both micro and small enterprises. Sabi's platform includes features such as digital ledgers for cash management, interfaces for wholesale business-to-business transactions, group buying options, and logistical support. These services are tailored to help merchants access essential tools, reach new customers, improve cash flow, and streamline their logistics processes. Through its innovative approach, Sabi enables businesses to thrive in a competitive marketplace.

Craydel

Pre Seed Round in 2021
Craydel is an educational information platform that assists students and working professionals in Africa in discovering, comparing, and applying to higher education programs. The platform features thousands of verified undergraduate, postgraduate, and vocational programs from leading universities and colleges across 15 countries, many of which can be accessed online. Craydel aims to simplify the decision-making process by offering comprehensive information on colleges, course options, and tuition fees, allowing users to evaluate programs based on their career aspirations, personal preferences, academic qualifications, and financial considerations. This facilitates informed choices about educational and career paths, including opportunities for online certificate programs that allow prospective students to explore their interests before making a commitment.

Enlumi

Pre Seed Round in 2021
Enlumi builds rewards and consumer data technology that helps businesses build sticky products and services better and faster.

ShipBlu

Seed Round in 2021
ShipBlu is a delivery services platform based in Giza, Egypt, that specializes in e-commerce shipping and fulfillment. Founded in 2021, the company provides 24-hour delivery services accompanied by live tracking, enhancing the overall customer experience. ShipBlu employs artificial intelligence and machine learning technologies to ensure transparency and compliance in its shipping processes. By offering efficient warehousing and fulfillment services, ShipBlu enables clients to deliver products to their customers with ease.

Union54

Seed Round in 2021
Union54 is a debit card issuing API based in Lusaka, Zambia, founded in 2020. It enables fintech companies and corporates to issue debit cards to their customers without the need for a bank or credit card processor. The company offers services such as BIN sponsorship, transaction processing, and settlement, streamlining the card issuance process for software developers. Union54's platform allows businesses to integrate debit card functionality into their offerings, enhancing their financial services capabilities.

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 employs a digitized approach to manage the delivery process, enhancing efficiency from planning to execution. The company offers services tailored to both modern and traditional trade, as well as internal supply needs. By leveraging a diverse network of trucks with varying capacities, ILLA functions as an internal fleet for its clients, providing them with complete control and visibility over their logistics operations. This dynamic solution enables FMCG companies to effectively navigate the challenges of delivering products to various retail and non-retail outlets, ultimately driving sales growth.

Nawah Scientific

Seed Round in 2021
Nawah Scientific, founded in 2015 and based in Cairo, Egypt, specializes in providing scientific research services focused on natural and medical sciences. The company offers a range of analytical services, including chromatographic analysis, bioassays, spectrophotometry, and phytochemical services. Additionally, Nawah allows users to book access to advanced scientific equipment, such as dissolution testers and spectrophotometers. Their online platform facilitates the submission of experiment requests, enabling scientists to conduct research efficiently, irrespective of their laboratory capabilities. Nawah also provides training courses in specialized areas like High Performance Liquid Chromatography (HPLC) and nano drug delivery systems. The company serves a diverse clientele, including universities, corporations, and small to medium-sized enterprises, and has successfully analyzed over 10,000 samples for various institutions in the MENA region, Malaysia, the UK, and Switzerland.

Eden Life

Seed Round in 2021
Eden Life Inc., based in Lagos, Nigeria, specializes in tech-enabled housekeeping services for professionals. Through its online platform and mobile application, the company offers a range of services including laundry, meal preparation, house cleaning, equipment maintenance, and meal delivery. By aggregating vendors offering diverse services, Eden Life enables clients to efficiently manage their household chores.

Mono

Series A in 2021
Mono is a Nigerian company founded in 2020 that specializes in financial data infrastructure through its application programming interface (API) platform. This platform offers businesses the ability to access essential financial information, including bank statements, account verification, and payment initiation. Mono's services are designed to enhance onboarding and identification processes, particularly in emerging markets. By providing real-time access to financial data and enabling secure direct bank payments, Mono aims to empower companies of all sizes, from startups to large enterprises. The company's mission focuses on unlocking the potential of Africa’s financial system, facilitating economic growth by equipping businesses with the necessary tools to thrive in the digital economy.

Payday

Pre Seed Round in 2021
Payday is a fintech platform that provides global payment solutions such as virtual mastercards and payments for foreign employees. Payday can also be used to handle payroll, taxes, and compliance by foreign companies with African employees. Payday was established on May 1, 2021 in Vancouver, British Columbia by Favour Ori.

Payday Global

Pre Seed Round in 2021
Payday Global provides a one-stop fin-tech service for its users allowing them to move money freely globally.

Ejara

Seed Round in 2021
Ejara is a mobile investment platform tailored for Africa and its diaspora, allowing users to access a variety of investment opportunities, including fractional shares, commodities, and cryptocurrencies. The app leverages blockchain technology to facilitate global trading and investment in diverse financial products. It also offers features such as interest-bearing accounts, enabling users to save and grow their wealth while monitoring their investment performance. By providing a user-friendly interface, Ejara aims to empower individuals to manage their investments effectively and enjoy greater financial independence.

Elevate Pay

Pre Seed Round in 2021
Elevate Pay is a financial technology company that offers a digital banking platform. This platform enables users to open bank accounts online, obtain fee-free Sudanese Pound (SDG) and US Dollar (USD) accounts, receive a free USD Mastercard, make free transfers within Sudan, and receive free international transfers from various countries. The company aims to provide innovative, fair, responsible, and inclusive financial products, improving access to financial services for its consumers.

Dash

Venture Round in 2021
Dash is building a unified, modern, and accessible alternative payment network for African consumers and businesses. The company was founded in 2020 and is headquartered in New York, United States.

Jatri

Seed Round in 2021
Jatri is a rapidly growing technology company based in Bangladesh, focused on providing reliable transport solutions through its mobility-as-a-service platform. The company aims to enhance the reliability and quality of the bus system, facilitating better travel experiences for commuters. By offering a platform for bus ticketing and tracking, Jatri promotes a shift from private vehicle ownership to more equitable, affordable, and accessible smart mobility options. This initiative seeks to streamline the journey experience for customers and enable drivers to deliver dependable transportation services.

Pylon

Seed Round in 2021
Pylon provides water and electricity distribution companies, in emerging markets, with a platform for managing their customers and infrastructure.

Yemaachi Biotechnology

Pre Seed Round in 2021
Yemaachi Biotechnology is focused on advancing the diagnosis and treatment of cancer through innovative therapeutic technologies. The company employs immunogenomics, bioinformatics, and artificial intelligence to enhance the development of effective cancer detection and treatment strategies. By leveraging these advanced methodologies, Yemaachi aims to lower the economic burden of cancer and improve patient outcomes through more accurate and efficient therapeutic solutions.

Otida

Seed Round in 2021
Otida is a company that provides comprehensive support for individuals with diabetes through its innovative app and glucose monitoring kit. The app serves multiple roles, functioning as a nutritionist, fitness coach, and physician to help patients effectively manage their daily lives. By employing digital therapeutics and continuous remote monitoring, Otida enables users to monitor their blood sugar levels and adopt healthier lifestyles, ultimately aiming to reverse diabetes and prevent its complications. The company's holistic approach not only assists in controlling blood sugar without the need for medication but also promotes weight loss and reduces the risk of heart disease, thereby supporting patients in achieving better overall health.

Odiggo

Seed Round in 2021
Odiggo is transforming the healthcare sector by automating physician workflows. Using language models, the company is able to automate all administrative tasks and save doctors 3 hours daily on documentation.

CashBackApp

Pre Seed Round in 2021
CashBackApp is a financial technology company that focuses on enhancing customer loyalty for fast-moving consumer goods (FMCG) companies. The platform enables consumers to earn cashback through M-Pesa on their everyday purchases from participating brands and retailers. By partnering with FMCG companies, CashBackApp allows these businesses to quickly implement and manage promotional offers at scale, effectively incentivizing shoppers to purchase products featured on the app. This approach not only fosters customer loyalty but also drives sales through mobile channels, providing a cost-effective solution for retailers looking to engage consumers.

Blink

Seed Round in 2021
Blink is a cloud-based enterprise ordering solution that allows restaurants, supermarkets, and cloud kitchens to launch direct-to-consumer online ordering channels. Its SaaS-based solution, which includes a branded ordering website and mobile app, assists brands in growing their orders via an advanced backend dashboard.

Omnibiz

Seed Round in 2021
Omnibiz is a B2B e-commerce platform based in Lagos, Nigeria, that focuses on fast-moving consumer goods (FMCG) manufacturers, distributors, and retailers. Founded in 2019, the company aims to support local businesses by digitizing the supply chain and enhancing operational efficiency. Its unified distribution platform offers tools that improve reliability, visibility, and financial capabilities for businesses. Key features include order tracking and integrated payment options, all designed to facilitate a seamless supply chain experience. By providing these resources, Omnibiz helps local enterprises navigate the complexities of the modern market and achieve their business objectives effectively.

Raise

Seed Round in 2021
Raise is a digital platform that simplifies the fundraising process for startups, founders, investors, and law firms. It offers tools to manage corporate structures and equity, allowing users to streamline their fundraising efforts. The platform automates cap table management and securely stores essential legal documents, facilitating future due diligence. By creating a centralized repository for legal and financial information, Raise enables clients to develop data-driven fundraising strategies that clarify company valuation and ownership before and after capital raises. Additionally, it supports the signing of agreements, fostering collaboration between clients and prospective investors to efficiently finalize deals.

Akiba Digital

Pre Seed Round in 2021
Akiba Digital is a data and technology company focused on delivering financial intelligence solutions. It specializes in developing a financial data aggregator application that assists users in managing their savings goals and overall financial management. The application provides on-demand insights and visualizations to help users track their progress, while also offering behavioral coaching as part of a premium rewards program. This enables individuals to access personalized financial guidance, promoting more efficient use of their financial resources. Akiba Digital aims to unlock financial opportunities for consumers, businesses, and society by leveraging alternative data.

Archipelo

Seed Round in 2021
The Archipelo Developer Security Posture Management Platform provides organizations with—the underlying system of record to capture SDLC event data tied to developer actions. Archipelo empowers security, GRC, and engineering teams to proactively identify, triage, and mitigate risks before they impact your business. Archipelo seamlessly integrates with developer workflows to ensure automated developer security and compliance.

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.

Tendo

Pre Seed Round in 2021
Tendo is an online platform based in Accra, Ghana, that facilitates independent reselling by connecting resellers with businesses. Founded in 2019, the company allows individuals to start their own online businesses without the need for upfront capital investment. Tendo sources ready-to-ship products from various suppliers, which are then made available to resellers who can add their profit margins. The platform also provides access to social media tools and enables resellers to list products at wholesale prices, eliminating the challenges of inventory management and transportation. This innovative approach empowers small businesses and individuals to thrive in the digital e-commerce landscape.

Terragon

Venture Round in 2021
Terragon is a prominent data and marketing technology company headquartered in Lagos, Nigeria, with additional offices in Kenya, South Africa, Ghana, and India. The company specializes in providing enterprise marketing software that aids businesses in customer acquisition and sales management. By leveraging a combination of online and offline data, along with predictive scoring, Terragon enables brands, marketing agencies, and platforms to effectively target consumers across various channels and devices. Their solutions allow for the collection, aggregation, and monetization of first-party data directly from customers, ensuring that advertising efforts are data privacy compliant and do not depend on third-party cookies. This approach empowers businesses to gain insights into consumer behavior and enhance their digital marketing strategies while measuring the effectiveness of their campaigns.

MoneyHash

Pre Seed Round in 2021
MoneyHash operates a payment orchestration platform that simplifies payment processes for businesses in the Middle East and Africa. Through a unified API, it offers seamless integration of pay-in and pay-out rails, allowing customers to customize their checkout experience. The platform includes advanced transaction routing capabilities designed to optimize fraud detection and reduce failure rates. Additionally, MoneyHash provides a centralized reporting hub that enables users to monitor transactions effectively. This comprehensive solution helps businesses enhance their success rates, accept various payment methods, and streamline their financial operations.

Aladdin

Seed Round in 2021
Aladdin is a neobank designed specifically for small and medium-sized businesses (SMBs) and gig workers in Africa. It offers an integrated digital banking application that provides essential financial tools, including savings accounts, credit access, secure payments, and investment options. The platform facilitates safe transactions between users through a built-in escrow account, ensuring secure financial interactions. Additionally, Aladdin connects customers with verified buyers and sellers, allowing them to buy and sell products and services while enjoying a supportive community environment. By combining traditional banking services with a marketplace, Aladdin aims to empower its users with the resources they need to thrive in a dynamic economy.

AlumUnite

Seed Round in 2021
AlumUnite is a for-profit social enterprise that operates a cloud-based platform designed to connect individuals across Africa through their alumni networks. By leveraging the strong community ties inherent in the African context, the platform facilitates collaboration among alumni of African institutions with global affiliations. AlumUnite enables users to share achievements, interests, projects, and photos, fostering a sense of community and promoting social impact. The initiative aims to create sustainable benefits for both alumni and their alma maters, as well as for local communities, through collective engagement and resource sharing.

Epic-Contests

Pre Seed Round in 2021
Epic Contests is a social contest platform that enables creators and agencies to design and offer unique experiences, allowing consumers the chance to win these prizes while promoting social good. The platform features a diverse range of categories, including travel, sports and fitness, music, lifestyle, and family-oriented activities. Through its software as a service (SaaS) model, brands and agencies can create customized contests aimed at enhancing customer acquisition, engagement, and retention. Participants can register on the platform and earn rewards by accumulating votes, thereby fostering a community-centered approach to contests and experiences.

Metalex Commodities

Seed Round in 2021
Metalex Commodities is a commodity trading company that specializes in the export of metal ores and concentrates. The company was founded in 2020 and is headquartered in Houston, Texas.

Datacy

Seed Round in 2021
Datacy is a venture-backed company that specializes in providing a consumer insights data platform aimed at enhancing revenue growth for consumer packaged goods (CPG) in the digital commerce sector. The company empowers consumers by allowing them to control and monetize their personal data while offering businesses a comprehensive understanding of the factors influencing online shopping decisions. Datacy's platform features data collection, secure access, automated organization, and robust privacy measures, enabling clients to efficiently manage and analyze extensive online consumer behavior data. By connecting and interpreting billions of data points, Datacy reveals the intricate patterns and preferences that drive consumer choices, thereby offering valuable insights that facilitate strategic decision-making in digital marketing.
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