Norrsken22

Established in 2016, Norrsken22 is a Cape Town-based investment firm focusing on growth-stage companies within the tech sector across Africa. The fund prioritizes investments in medtech, ed-tech, and fintech sectors, with a particular focus on key tech hubs such as Nigeria, Kenya, South Africa, and Ghana.

Natalie Kolbe

Managing Partner

Lexi Novitske

General Partner

Nivesh Pather

Investment Manager

Ngetha Waithaka

General Partner

16 past transactions

Stitch

Series B in 2025
Stitch operates a financial API platform that facilitates secure connections between bank accounts and various applications. By providing full API access to financial accounts, Stitch enables users to share their transaction history, confirm their identities, and initiate payments efficiently. The platform integrates directly with existing bank infrastructures, ensuring compliance and enhancing user experience through a lightweight single sign-on process. This approach allows clients to conduct fraud-free bank payments and access financial data with ease.

Raenest

Series A in 2025
Raenest is a financial technology company that provides a comprehensive platform for startups and freelancers to manage invoicing and payments across multiple currencies. The company streamlines the process of sending invoices, receiving deposits, and processing payments, allowing users to easily pay contractors, vendors, and freelancers globally. Raenest's services include automated onboarding and verification, as well as the creation of virtual cards, which facilitate efficient coordination of payments while ensuring compliance with tax regulations. By offering fast and cost-effective money transfers, Raenest empowers African individuals and businesses to navigate the complexities of cross-border transactions with ease.

Taager

Series B in 2025
Taager is a social e-commerce platform that enables online merchants with end-to-end logistics and financing. The platform uses technology, artificial intelligence, and data science to help small and medium online sellers start and scale their businesses, including expanding into higher-margin product segments. By integrating logistics, technology, and financing, Taager supports merchants in growing operations and reaching broader markets.

TymeBank

Series D in 2024
TymeBank specializes in digital banking, offering accessible financial services to lower-income individuals and small businesses. It provides secure personal and business accounts with minimal fees and competitive savings interest rates through its online platform.

WorkPay Technologies

Series A in 2024
Founded in 2017, WorkPay Technologies offers a cloud-based platform for managing payroll, benefits, HR, and employee self-service needs. Its solution caters to small and medium-sized businesses across Africa.

Waza

Seed Round in 2024
Waza is a web-based platform offering APIs that assists startups and businesses in emerging markets to manage their cash flow issues, invoicing requirements, and international payment needs.

NALA

Series A in 2024
NALA Incorporation Company Limited is a FinTech firm based in Dar es Salaam, Tanzania, founded in 2017. The company develops a mobile payments application that facilitates various financial transactions, including bill payments, peer-to-peer transfers, and airtime top-ups, all without requiring an internet connection. NALA's platform is designed to enhance financial inclusion by providing services that cater to users in regions with limited internet access. The application incorporates bank-grade security encryption and multi-factor authentication to ensure the safety of transactions. Additionally, NALA offers budgeting tools and transaction history tracking, enabling users to manage their finances effectively. Through its services, NALA aims to simplify mobile money transfers for Africans worldwide and support international payments.

Orca Fraud

Pre Seed Round in 2024
Orca Fraud is a pioneering African technology company that specializes in fraud detection and prevention. It operates an artificial intelligence-driven platform designed to protect both traditional and decentralized financial systems from fraudulent activities. The platform employs an innovative orchestration computing approach, providing clients with access to tools that help them safeguard their businesses.

OneOrder

Series A in 2024
OneOrder streamlines food procurement for Egyptian restaurants by offering a single platform for purchasing high-quality produce, meats, seafood, and imported foods. This platform enhances efficiency, ensures reliable quality and pricing, facilitates secure delivery, and ultimately boosts restaurant profitability.

Credrails

Venture Round in 2024
Credrails provides infrastructure that unifies bank, mobile money, and offline data through a single API, enabling fintech developers and financial institutions to build interoperable services. The platform supports open banking rails by connecting banks and other financial data sources into one programmable interface, facilitating movement of money across multiple channels and African markets.

TymeBank

Series C in 2023
TymeBank specializes in digital banking, offering accessible financial services to lower-income individuals and small businesses. It provides secure personal and business accounts with minimal fees and competitive savings interest rates through its online platform.

Sabi Am

Series B in 2023
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.

Smile ID (formerly Smile Identity)

Series B in 2023
Smile Identity Inc. is a technology company based in San Francisco, California, that focuses on identity verification solutions. Founded in 2016, the company has developed an application called SmartSelfie, which allows users to create a universal biometric for authentication on Android devices. The team comprises engineers and financial services professionals from both the United States and Africa, bringing expertise in global markets with a focus on highly regulated environments. Smile Identity has developed advanced encryption, authentication, and security solutions, as well as image processing technology. The company has experience working with telecoms, lenders, banks, and startups, enabling them to understand the unique challenges faced by consumers and enterprises in Africa. With support from prominent investors in Silicon Valley and Africa, Smile Identity has established a pan-African presence, operating in countries such as South Africa, Nigeria, Kenya, Ghana, and Rwanda.

Sabi Am

Venture Round in 2022
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.

Autochek

Seed Round in 2021
Autochek is an automotive technology company that operates online platforms connecting buyers and sellers and provides digital infrastructure for the car market. Founded in 2020 and based in South Africa, it offers an automotive marketplace that supports access to auto loans, maintenance and aftersales services, warranty solutions, and transactional capabilities, helping buyers and sellers coordinate and maintain vehicle records.

Shara

Seed Round in 2020
Shara is a mobile application that facilitates systematic business growth. It offers free scheduled reminders, customized professional statements, and a secure digital wallet for organizing transactions.
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