MAGIC Fund

Veend enables financial institutions and merchants to easily embed credit into various ecosystems profitably and at scale.

Bumpa builds an infrastructure that helps digital commerce for African sellers; empowering small business owners to start, manage and grow successful businesses from their mobile phones.

Klump offers flexible payment plans that give users the opportunity to purchase a desired product or service.

Float (YC W20) offers seamless global banking and modern treasury management for businesses.

Kuunda provides liquidity management and data insight tools enabling users to fulfill financial needs through a digital platform. Kuunda's liquidity solutions are tools that anyone can use to maintain their standard of living, grow their businesses, and build economic resilience. Kuunda assists clients in increasing network productivity and expanding the usage and distribution of their products, resulting in real, measurable results.

Brass is a digital bank that provides small and medium businesses with a suite of products and tools designed to help them grow.

Mono is a financial data infrastructure company based in Nigeria, founded in 2020. It develops an application programming interface (API) platform that enables digital businesses in Africa to access customers' financial and identity data. Mono's services include generating bank statements, verifying account details, initiating payments, and conducting credit checks. The company serves a diverse range of clients, including fintech firms such as Carbon, Flutterwave, Indicina, and Renmoney, as well as various developers. Through its innovative platform, Mono aims to enhance financial accessibility and streamline transactions for businesses across the continent.

VendEase is an online marketplace that lets restaurants in Africa, order supplies directly from farms and food manufacturers. Using the platform, food service business owners and managers can digitize, track, and automate their procurement and inventory management processes. It also provides businesses with analytics to improve profitability and eliminate waste. The company was founded in 2020 and is based in Lagos, Nigeria.

Float (YC W20) offers seamless global banking and modern treasury management for businesses.

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.

Koa is a savings and financial services platform that provides tech solutions and financial services apps via its API. The company was co-founded by Alexis Roman and Delila Kidanu.

Bankly is a digital savings and peer to peer transfer product where users fund their wallet using tokens available on Bankly vouchers nationwide in a “Recharge to save” model. This cash digitisation system is similar to the telco mobile airtime top up and is currently available on MTN and 9mobile networks in Nigeria. Financial services has to be seen through the lenses of a fast moving consumer product in order to reach the last mile and the use of vouchers has been proven to be a successful cash digitisation system by the telecoms industry. Leveraging this existing consumer behaviour to drive financial inclusion, reduce cost of financial services and create a foundation to provide other financial services is where Bankly identifies huge potential and is poised to make an impact.

Eden Life is a tech-enabled service that puts your home's chores on autopilot.

Evolve Credit’s SaaS core banking platform enables financial institutions of all sizes to streamline, digitize, and manage any kind of deposit, lending, and recovery service end-to-end, in one place. Our no-code tools enable financial institutions to offer simple, personalized customer banking experiences, online and offline.

Indicina is a digital lending platform that provides analytics-driven credit decisions for lenders. The company offers technology solutions to help businesses in offering credit to customers faster, more securely, and at scale. It was founded in 2018 and is based in Lagos, Nigeria.

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.