Quona Capital
Quona Capital is a venture capital firm that invests in fintech companies in emerging markets, focusing on financial inclusion for underserved consumers and small and medium-sized enterprises. The firm backs startups developing financial products and services beyond microcredit, including alternative lending, remittances, insurance, prepaid services, and payments infrastructure, as well as software that enhances distribution, financial management, and online bill payments. It targets companies leveraging digital platforms to expand access to banking and financial services in Sub-Saharan Africa, India and Southeast Asia, and Latin America. Typical investments range from about 1 to 10 million. Founded in 2014 and based in Washington, DC, with additional offices in Bengaluru, Lima, Cape Town, and Mexico City, Quona Capital aims to fuel inclusive fintech and related adjacencies such as agriculture, healthcare, education, commerce, and mobility finance.
Past deals in SADC
Lulalend
Series B in 2023
LulaLend is more than a company. It’s a belief in the power of small business, making a difference, building a better solution and striving for excellence. We work hard to empower businesses across South Africa with the funds they need to grow, and we have a great time doing it!
Yoco
Series C in 2021
Yoco is an African technology company that enables entrepreneurs and small businesses to accept secure payments online and in person through a single platform. Its product ecosystem includes payments, lending, and business software.
Lulalend
Series A in 2019
LulaLend is more than a company. It’s a belief in the power of small business, making a difference, building a better solution and striving for excellence. We work hard to empower businesses across South Africa with the funds they need to grow, and we have a great time doing it!
Yoco
Series B in 2018
Yoco is an African technology company that enables entrepreneurs and small businesses to accept secure payments online and in person through a single platform. Its product ecosystem includes payments, lending, and business software.
AllLife
Venture Round in 2017
AllLife is a South African insurer that designs, distributes, and administers life and disability insurance products for people living with HIV and diabetes. It sells its products through finance services providers and is based in Sandton, South Africa, with operations dating to 2004. The company offers a health monitoring program to flag potential health concerns and encourage regular testing and adherence to medications, helping policyholders maintain health while gaining access to affordable insurance.
Yoco
Series A in 2017
Yoco is an African technology company that enables entrepreneurs and small businesses to accept secure payments online and in person through a single platform. Its product ecosystem includes payments, lending, and business software.
Zoona
Series B in 2016
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.
Zoona
Series A in 2012
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.
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