Norrsken22

Norrsken22 is a growth investment firm established in 2016 and based in Cape Town, South Africa. The company focuses on partnering with talented entrepreneurs to foster the development of Africa's next technology giants. Norrsken22 primarily invests in sectors such as medtech, ed-tech, and fintech, aiming to support innovative businesses that can drive significant impact and growth within the continent's technology landscape.

Natalie Kolbe

Managing Partner

Nivesh Pather

Investment Manager

Ngetha Waithaka

General Partner

Past deals in Africa

Stitch

Series B in 2025
Stitch is a payments infrastructure company that helps businesses seamlessly connect to the financial system, so they can deliver a better user experience and optimize operations. Headquartered in Cape Town, South Africa, Stitch launched in February 2021 and has global staff. Stitch offers all popular online payment methods and operates as a Payments Service Provider. Its platform supports a variety of pay-in methods and solutions; financial and payment management solutions; and Payouts. Learn more at stitch.money.

Raenest

Series A in 2025
Raenest is a financial technology company that simplifies invoicing and payment processes for startups and freelancers, particularly in Africa. It allows users to send and receive invoices in various currencies, facilitating seamless cross-border transactions. The platform provides tools for automated onboarding, verification, and salary disbursement, enabling businesses to manage payments efficiently. By offering features like virtual cards, Raenest helps companies coordinate payments, ensure compliance, and manage expenses more effectively. Its services support fast and cost-effective money transfers, making it easier for businesses to engage with freelancers, contractors, and vendors globally.

Workpay

Series A in 2024
Workpay, established in 2017 and headquartered in Nairobi, Kenya, specializes in providing cloud-based payroll, benefits, and human resource management software tailored for small and medium-sized businesses in Africa. Its comprehensive solution includes time and attendance tracking, HR and payroll processing, payment and loans processing, and employee self-service management. Workpay empowers businesses to hire both local and remote teams across Africa, ensuring compliance and streamlining processes without the need for local entities.

Waza

Seed Round in 2024
Waza is a web platform that provides payment software designed to assist startups and businesses in emerging markets, particularly in Africa. The platform offers APIs that enable organizations to manage cash flow issues, invoicing needs, and international payment requirements. By addressing liquidity challenges and facilitating efficient bill payment systems, Waza helps businesses navigate their financial operations more effectively and affordably.

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 peer-to-peer payments, bill payments, and airtime top-ups, all without the need for an internet connection. NALA's platform is designed to enhance financial inclusion by offering services that include money transfers, budgeting tools, and transaction tracking. The application also features advanced security measures such as bank-grade encryption and multi-factor authentication, ensuring safe and reliable transactions, particularly in areas with limited internet access. Through its services, NALA aims to support mobile money transfers for Africans worldwide, promoting seamless international payments and digital financial services.

Smile ID (formerly Smile Identity)

Series B in 2023
At Smile ID they believe anyone should be able to prove their identity easily, anywhere in the world. Their team is made up of American and African engineers and financial services professionals with experience across global markets in highly regulated environments. They have built encryption, authentication and security solutions. They have developed image processing technology from the chip level up. They have been part of security investigations and have pursued fraudsters. Having worked with, or for, telecoms, lenders, banks and startups, they know the challenges of building world class technology and they understand the needs of the African consumer and enterprise customer. They are backed by leading Silicon Valley & African investors and they have pan-African reach, with representation in the United States, South Africa, Nigeria, Kenya, Ghana and Rwanda.
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