The MasterCard Foundation

An independent, global organization based in Toronto, Canada, with over $7 billion in assets. It collaborates with partners worldwide to create opportunities for people to learn and prosper.

Peggy Woo

CFO

26 past transactions

Lingawa

Pre Seed Round in 2024
Lingawa is a fast growing edtech company making quality education accessible to all. Through an online tutoring platform and machine learning-driven learning app, Topset provides affordable, personalized solutions to supplement children’s schooling and for African language learning.

YARP Foods

Seed Round in 2024
YARP Foods is a startup specializing in agri-processing, specifically producing cost-effective, high-quality all-purpose cassava flour for flour user industries. It operates by processing cassava into multipurpose flour, utilizing climate-smart systems to ensure reliable supplies, enhance farmers' incomes, and minimize losses, thereby providing consumers with quality products.

Founders Factory

Venture Round in 2023
Founded in 2015, Founders Factory is a global startup builder and investor focused on fintech, health, climate, and deeptech sectors. It provides catalytic capital and bespoke support to over 300 technology companies worldwide, fostering collaboration with corporates and established entrepreneurs.

UKC

Pre Seed Round in 2022
The Government of Rwanda through the District and Sector gave my family a household cow. My dad was asked to establish a kraal and feeding garden to cultivate pasture. He did it. The Fresian cow given for free, gave us milk and dung, making us get milk for home use and surplus for sale. However, we were hit by the summertime and the pasture was depleted due to small plot cultivation we struggled to produce food crops and cow fodder. Our lovely cow started starving, prompting us to rise as early as 4 am and fetch thinny dry shrubs and grass along roadsides and river banks. Our milk production fell from 12 liters a day to 3 liters. The family got stressed with the unstoppable cow mows, rendering the neighborhood complaints about our darling cow noise nuisance due to undernutrition. “Daddy, I will find a way, I am in a country of solutions, not setbacks and regrets. Internet surfing led me to a new technology called Hydroponics Fodder”. Liaising with the external expert made the technology knock at our door, in Rwanda". The UKC member and vision bearer said.

Kytabu

Grant in 2020
Kytabu is an education technology company that delivers digital learning resources and school management tools. Its platform provides a textbook subscription model that enables students to access and rent textbooks on demand through mobile devices and compatible hardware, offering content by pages or chapters for flexible timeframes. In addition, Kytabu offers a school management platform with a user-friendly dashboard, online fee payments via mobile money and cards, and attendance functionality that involves both parents and teachers, supporting data-driven insights to improve operational efficiency and decision-making in educational institutions.

Zeraki

Grant in 2020
Zeraki is an educational technology company focused on improving access to quality education and facilitating transitions between educational levels and into employment. The company's platform enhances the educational experience by addressing obstacles that learners face, offering insights that support informed decision-making for educational stakeholders. By streamlining administrative tasks and providing valuable resources, Zeraki aims to elevate the standards of education and empower students throughout their academic journeys.

Eneza Education

Grant in 2020
Eneza Education Limited, established in 2011 and based in Nairobi, Kenya, provides mobile-based educational services designed to enhance learning accessibility across the country. The company offers a virtual tutor and teacher's assistant that facilitates access to courses and assessments for students and teachers through various platforms, including USSD/SMS, online web applications, an offline desktop application, and an Android app. Eneza Education’s offerings include locally-aligned tutorials, tips, and assessments, complemented by features such as a leaderboard, Wikipedia text, and live teacher chat. The company's content, developed by Kenyan teachers, targets students from primary to secondary levels, promoting comprehensive, on-demand educational support to improve academic performance. Eneza Education operates as a subsidiary of M-Prep Inc.

Zibuza

Grant in 2020
Zibuza operates an online professional learning community, tailored to the unique needs of South African teachers based on their location, grade, subjects, and interests. The platform offers a wide array of educational resources, facilitating collaboration and learning among educators, learners, parents, and organizations.

Siyavula Education

Grant in 2020
Siyavula Education is an edtech company that enhances high school mathematics and science learning via intelligent software. This software adapts to each student's needs, providing targeted feedback to help them master essential concepts.

O’Genius Priority

Grant in 2020
O’Genius Priority is Empowering Genuine Welfare. IT solutions, Web and Mobile development.

Chalkboard Education

Grant in 2020
Chalkboard Education develops a learning platform that enables universities, training institutions, and companies to digitize and distribute educational content to users via mobile devices. This allows students across Africa to access education remotely.

M-Shule

Grant in 2020
M-Shule develops a mobile learning platform that delivers personalized lessons in Maths and English via SMS. It uses adaptive learning algorithms to match students with appropriate lessons, tracks progress, and shares insights with parents and teachers. Founded in 2016, M-Shule is based in Nairobi, Kenya.

AkooBooks Audio

Grant in 2020
AkooBooks Audio is a platform and experience provider focused on transforming mobile phones and devices into 'accessible libraries' of Black/African audiobooks in English and African languages, that reach new audiences.

HITCH Tech

Grant in 2020
Founded in 2018 and based in Kitchener, Canada, HITCH Tech Inc. develops an educational video platform tailored for African schools. It creates battery-powered video hotspots that store educational videos offline, allowing students to access them regardless of power or internet connectivity.

Instill Education

Grant in 2020
Founded in 2015, Instill Education is a South Africa-based organization dedicated to transforming teaching and school leadership across Africa. It offers an immersive graduate learning program designed to meet the growing demand for high-quality educators.

Schoolinka

Seed Round in 2019
Schoolinka is an Edtech company based in Nigeria, specializing in continuous professional development and job placement for K-12 teachers in Africa. It uses AI and machine learning to match teachers with tailored skill development resources and suitable job opportunities. The platform serves as a hub for teachers, schools, and professional development resources, featuring a Learning Management System (LMS) for online courses and a job board for vacancy postings and applications. By connecting educators with relevant resources and job opportunities, Schoolinka aims to enhance teaching quality and improve the overall school workforce in Africa.

Flex Finance

Pre Seed Round in 2019
Flex Finance is a spend management platform designed to help African businesses effectively manage their finances. It offers mobile, web, and corporate card solutions to streamline spending and provide insights for better budgeting.

Zlto

Grant in 2018
Zlto is a virtual incentives platform that allows organizations to track and increase positive behavior while generating valuable data on emerging markets.

RecyclePoints

Grant in 2018
RecyclePoints operates an incentive-based recycling scheme. It collects recyclable materials from consumers, rewarding them with 'Points' that can be redeemed for household items via its iRecycle store.

Tulaa

Grant in 2018
Tulaa is a Nairobi-based company founded in 2017 that develops a software application aimed at enhancing the agricultural marketplace. The platform connects smallholder farmers with agri-input suppliers, financial service providers, and commodity buyers, facilitating the sale of agricultural products and access to affordable financing. By leveraging mobile technology and local agent networks, Tulaa reduces the costs and risks associated with doing business in the agricultural sector. The company's marketplace provides farmers with essential information on supplies, credit options, and market connections, ultimately enabling them to improve their sales and financial stability.

JUMO

Series A in 2018
JUMO is a fintech company that empowers partners to offer loans, savings, and financial services. It leverages artificial intelligence and machine learning to assess creditworthiness and build financial products tailored for customers in emerging markets.

JUMO

Grant in 2017
JUMO is a fintech company that empowers partners to offer loans, savings, and financial services. It leverages artificial intelligence and machine learning to assess creditworthiness and build financial products tailored for customers in emerging markets.

Zoona

Venture Round in 2017
Founded in 2009, Zoona is a mobile technology company that provides safe and reliable financial services to underserved communities across Africa. It offers products such as money transfers, electronic voucher payments, and agent payments through its interoperable distribution network. With operations in Zambia, Malawi, Mozambique, and support offices in South Africa, Zoona has processed over $2 billion in transactions since inception.

Carnegie Mellon University

Grant in 2016
Carnegie Mellon University is a renowned private research university, offering undergraduate and graduate programs across diverse fields, with a strong focus on technology and arts. It is particularly distinguished for its School of Computer Science, recognized globally for its research and education, and the Heinz College of Information Systems and Public Policy, which uniquely combines management and policy expertise. The university serves various sectors, including education, technology, and the arts, contributing significantly to these fields through its academic programs and research.

GiftedMom

Grant in 2015
GiftedMom is the first mobile health platform in Central Africa, which uses low cost technologies to improve the health conditions of pregnant women and new borns in under served and disconnected communities. The GiftedMom project was started by a group of Medical and engineering students, Medical Doctors, health and community workers, with vision to reduce maternal mortality rates (Millennium Development Goal 5) as well as infant Mortality rates (MDG 4) in Cameroon. The project comprises a Web and Mobile platform, SMS Services and Google Fusion Tables, all aimed at divulging important information on the proper management of pregnancy, and a healthy follow up of newborns.

Tespire

Tespire is a technology company specializing in cloud-based administrative software for primary and secondary schools. It offers a comprehensive platform that simplifies administrative tasks, such as application and enrollment management, while also enhancing the learning experience through features like online learning materials, assignment tracking, and progress monitoring. Additionally, Tespire provides a single login for parents to manage multiple children's accounts, fostering better engagement and communication between schools and families.
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