Microtraction

Microtraction is an investment platform that funds Africa’s most remarkable teams with technical founders at the earliest stages of their venture and helps them build enduring companies They identify the best early-stage, growth-driven technology startups with the potential to become billion dollar companies. They get startups to a point where they are impressive enough to raise more funding or join world-class accelerators. Finally, they introduce startups to later stage investors and help them navigate the process of raising a larger round of funding.

Past deals in Sub Saharan Africa

Pennee

Pre Seed Round in 2023
Pennee solves cash flow problems for small businesses starting with credit financing.

WiASSUR

Pre Seed Round in 2022
WiASSUR offers an insurance brokerage platform. They also provide insurance services such as school insurance, health insurance, travel insurance, multi risk home insurance, life insurance, transportation insurance, and savings insurance.

HoneyCoin

Pre Seed Round in 2021
HoneyCoin is a cryptographic payment and monetization platform. They make peer-to-peer transactions and connect with users' friends and family from anywhere at anytime. They send and receive payments instantly.

Pivo

Pre Seed Round in 2021
Pivo is a financial hub that allows small & medium businesses across Africa access to all the financial services they need in one place.

Treepz

Seed Round in 2021
Treepz is using technology to help people move efficiently in Africa. Be it for daily, inter-city or corporate commutes, users can book predictable, reliable and comfortable trips through a world-class, demand-responsive app all at the tap of a button. Treepz was founded in 2019 and operates in 4 African countries including Nigeria, Ghana, Uganda and Kenya. It is headquartered in Ontario, Canada.

Bloc

Pre Seed Round in 2021
Bloc is a FinTech and Banking as a Service infrastructure provider.

GetEquity

Venture Round in 2021
GetEquity is providing RWA tokenization to traditional asset management. We facilitate the tokenization and trade of investment products through our platform, and provide alternative asset investment API

ORDA

Pre Seed Round in 2021
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.

TechAdvance

Seed Round in 2021
TechAdvance is a technology company that offers a payment facilitation platform. They specialize in collections, aggregation, reconciliation, and data analytics for the public and private sectors. It is in charge of a number of specialist subsidiaries, including GPay Africa, PayElectricityBills, Advance BancCorp Digital MicroFinance Bank, and others.

Evolve Credit

Seed Round in 2020
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.

CARMACHAIN

Pre Seed Round in 2020
Alternative Credit Data Marketplace

Evolve Credit

Pre Seed Round in 2020
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.

Gradely.ng

Seed Round in 2020
Gradely is using analytics and data-driven recommendations to help schools and parents intervene in real-time to children’s learning gaps. Through weekly adaptive homework tests taken on the web or mobile device, Gradely is able to tell how much of a topic a child understands and recommend specific practice sets, remedial videos or tutoring. Gradely assists teachers with pre-set questions (Math subject only for now) that are marked by difficulty level and are aligned with WASCCE (African equivalent of SAT) and Cambridge curriculum topics. Teachers set up homework in 2-5 minutes and set deadlines for students. Students take homework at home or any location of choice, and the product shows progress reports to teachers, parents and schools. To really capture how well they are learning over time, the system keeps on stringing former topic questions of increasing difficulty that have not been mastered with new topic questions, all on auto-mode.

Prospa

Seed Round in 2020
Prospa is a technology company building the operating system for African entrepreneurs and businesses.

tix.africa

Seed Round in 2019
tix.africa is a self-service ticketing platform for event creators. Users can create events to sell tickets online, manage admissions at the event with our mobile apps , and collect payments from guests using RFID wristbands for offline payments

Bitsika

Convertible Note in 2019
Bit Sika helps Africans instantly receive money from anyone on earth at no fees. The app is simple to use. Everyone signs-up to the app via Google account or apple account login and gets to set a short username starting with a dollar sign.

Termii

Seed Round in 2019
Termii is an online platform that helps teams secure repeat customers by sending personalized emails and SMS through multiple.Termii helps African businesses communicate with customers across SMS, email, voice, and instant messaging channels. The company was founded in 2014 and is based in Lagos, Nigeria.

54gene

Seed Round in 2019
54gene is a healthcare startup unlocking the African genome to fuel genetic research and development that may lead to new discoveries and benefit all populations. 54gene was founded in 2019 by Dr. Abasi Ene-Obong to address the significant gap in the global genomics market: Nearly 90% of genetic material used in pharmaceutical research is caucasian. Only 2% is African, despite the fact that Africans and people of African ancestry are more genetically diverse than all other world populations combined. As a result, pharmaceutical research and development is lacking the diverse data that may hold the key to medical discoveries and new healthcare solutions.

Sendbox

Seed Round in 2019
Sendbox is a platform that provides infrastructure for shipping, escrow payments and discovery services to merchants and customers in North America, Europe and Africa, who participate in e-commerce on social platforms like Instagram, Facebook & WhatsApp.

Allpro Technologies

Seed Round in 2018
Their mission is to Facilitate the free flow of finance and data in the school ecosystem.

Buycoins

Pre Seed Round in 2018
Buycoins is a safe and easy way for Africans to buy, sell & store cryptocurrency like Bitcoin, Ethereum and USDC. Our mission is to facilitate the borderless transfer of value across Africa and beyond. Buycoins is headquartered in Lagos, Nigeria.

Cowrywise

Angel Round in 2018
CowryWise is a FinTech company democratizing access to premium financial services by making these services available to the general public at low rates. The firm leverages technology and investment management to re-imagine how personal finance services are delivered to people. The firm also helps customers in completing their savings and investment goals in a simple, secure, and rewarding manner.
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