Singularity Investments

Singularity Investments is a Lagos-based venture capital firm with an additional presence in the United States. It backs early- and growth-stage companies in disruptive technology, media and telecommunications, prioritizing opportunities in Africa and North America. The firm invests in mobile and web-based services, technology and software, digital infrastructure, and digital media and entertainment, typically providing equity or equity-linked capital. It pursues an active investment approach, often taking a lead role and board seats to help portfolio companies scale. Typical ticket sizes range from $0.2 million to $2 million, with potential for follow-on investments. The business is led by prominent entrepreneurs who bring strategic networks and experience to support growth.

Nathan Kelly

CEO

16 past transactions

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.

Flutterwave

Series D in 2022
Flutterwave is a global payments technology company that enables businesses worldwide to accept payments from customers globally via web and mobile. It offers services such as Flutterwave Checkout, API for virtual card management, invoicing, payment links, and more, serving industries like gaming, events, transportation, hospitality, and individuals.

Mines

Series A in 2018
Mines.io, Inc. is a financial analytics company that operates a platform focused on mobile data. Its flagship product, Mteka, is an in-memory analytics solution capable of processing vast amounts of mobile carrier data rapidly, allowing for the creation and deployment of predictive models in real time. The company's services are designed to assist mobile operators in monetizing their data while enabling financial institutions to expand their customer reach. Among its offerings are a credit scoring service that evaluates consumer credit risk based on mobile behavior, a fraud detection system that identifies suspicious activities in real time, and behavior modeling tools that enhance customer identity verification. Additionally, the company employs risk analysis and machine learning techniques to help insurance providers tailor premiums based on consumer risk profiles. Founded in 2013 and based in San Francisco, Mines.io aims to leverage mobile data to improve financial services and consumer access to credit.

Asoko Insight

Series A in 2018
Asoko Insight Limited is a prominent corporate information platform focused on providing comprehensive data on public and private companies in Sub-Saharan Africa. Established in 2014 and headquartered in London, the company aids investors, banks, corporates, and governments in understanding the region's private sector landscapes. Asoko Insight consolidates data on key corporate developments, including incorporation details, management structures, financial indicators, and compliance metrics. It offers extensive company profiles and custom data products such as sector analyses and supply chain mapping, enabling clients to generate commercial leads and conduct due diligence. The company's local research analysts, based in various regional offices, continuously monitor and verify corporate information to ensure accuracy. Asoko is expanding its data collection efforts beyond major economies like Ghana, Kenya, and Nigeria, aiming to enhance its offerings across the African continent.

Asoko Insight

Seed Round in 2017
Asoko Insight Limited is a prominent corporate information platform focused on providing comprehensive data on public and private companies in Sub-Saharan Africa. Established in 2014 and headquartered in London, the company aids investors, banks, corporates, and governments in understanding the region's private sector landscapes. Asoko Insight consolidates data on key corporate developments, including incorporation details, management structures, financial indicators, and compliance metrics. It offers extensive company profiles and custom data products such as sector analyses and supply chain mapping, enabling clients to generate commercial leads and conduct due diligence. The company's local research analysts, based in various regional offices, continuously monitor and verify corporate information to ensure accuracy. Asoko is expanding its data collection efforts beyond major economies like Ghana, Kenya, and Nigeria, aiming to enhance its offerings across the African continent.

PayJoy

Convertible Note in 2017
PayJoy Inc. is a consumer financing company based in San Francisco, California, founded in 2015. The firm specializes in providing smartphone-enabled financing solutions, primarily targeting underbanked individuals in emerging markets. By leveraging mobile security technology, PayJoy allows customers to select a smartphone, make an initial deposit, and choose a flexible payment plan. The financed smartphone serves as collateral, unlocking its full functionality once the purchase is complete. PayJoy's mission is to enhance access to credit for underserved populations, helping them navigate financial challenges and improve their economic standing. The company has successfully reached over 10 million customers across various countries, including Mexico, Brazil, Colombia, and South Africa, and continues to show solid profitability and growth.

Paystack

Seed Round in 2016
Founded in 2015, Paystack enables African businesses to accept payments from anyone worldwide via credit/debit cards, money transfers, and mobile money on their websites or apps. Its platform simplifies secure online transactions.

Pagecloud

Series A in 2016
PageCloud Inc. is a Canadian company based in Ottawa that specializes in a cloud-based content management system for website creation. Founded in 2013, PageCloud offers a platform designed to assist users in designing, building, and launching websites and online stores. Its services include tools for optimizing websites for search engines, integrating marketing solutions, and capturing audience engagement through customizable forms. The platform is tailored for both creators and businesses, providing collaborative tools that facilitate the seamless assembly of digital assets.

Sliide

Seed Round in 2016
Sliide is a London-based software company specializing in increasing user engagement and driving revenue for mobile network operators (MNOs) and original equipment manufacturers (OEMs). It offers tailored monetization solutions, serving billions of ad impressions monthly with an average engagement rate 20 times the industry norm. Sliide also decreases churn by providing award-winning news utilities that enhance device usage.

DigitalGenius

Seed Round in 2016
Founded in 2013, DigitalGenius develops AI-powered software solutions for enhancing customer service operations. Its platform uses advanced AI technologies like conversational AI and visual recognition to automate and optimize customer interactions across multiple channels, ensuring efficient resolution of inquiries.

mPharma

Seed Round in 2016
mPharma is a healthcare company focused on enhancing access to affordable medications in emerging markets. Founded in 2013 by Gregory Rockson, Daniel Shoukimas, and James Finucane, mPharma collaborates with drug manufacturers, insurance providers, financial institutions, and governments to streamline the delivery of prescription drugs to consumers. The company offers a pharmaceutical data analytics platform that assists pharmacies in managing their inventory, prescribing medications, and reporting adverse drug reactions. By ensuring that high-quality chronic disease medications are consistently available at sustainable prices, mPharma aims to improve health outcomes for patients, doctors, and pharmacists alike.

mPharma

Seed Round in 2015
mPharma is a healthcare company focused on enhancing access to affordable medications in emerging markets. Founded in 2013 by Gregory Rockson, Daniel Shoukimas, and James Finucane, mPharma collaborates with drug manufacturers, insurance providers, financial institutions, and governments to streamline the delivery of prescription drugs to consumers. The company offers a pharmaceutical data analytics platform that assists pharmacies in managing their inventory, prescribing medications, and reporting adverse drug reactions. By ensuring that high-quality chronic disease medications are consistently available at sustainable prices, mPharma aims to improve health outcomes for patients, doctors, and pharmacists alike.

PayJoy

Seed Round in 2015
PayJoy Inc. is a consumer financing company based in San Francisco, California, founded in 2015. The firm specializes in providing smartphone-enabled financing solutions, primarily targeting underbanked individuals in emerging markets. By leveraging mobile security technology, PayJoy allows customers to select a smartphone, make an initial deposit, and choose a flexible payment plan. The financed smartphone serves as collateral, unlocking its full functionality once the purchase is complete. PayJoy's mission is to enhance access to credit for underserved populations, helping them navigate financial challenges and improve their economic standing. The company has successfully reached over 10 million customers across various countries, including Mexico, Brazil, Colombia, and South Africa, and continues to show solid profitability and growth.

Tapiture

Series A in 2015
Tapiture is a social curation and e-commerce platform designed to help users discover, share, and purchase a wide variety of products and content. By sifting through the internet, Tapiture provides a tailored experience that enhances the discovery of photos, videos, articles, and other engaging media based on individual preferences. Users can explore specific interests, organize their favorite finds into collections, and share content with friends. The platform is accessible via a mobile app for both iPhone and Android devices, as well as through its website, ensuring a continuous stream of relevant content for its users.

Jewel Toned

Seed Round in 2015
Jewel Toned, Inc. is a women-led company based in Beverly Hills, California, that specializes in designing and providing lingerie and loungewear. Incorporated in 2014, it focuses on creating body-positive intimate apparel, including seamless shapewear and comfortable everyday lingerie meant to empower women. The products are designed using advanced technology to ensure comfort and style, allowing them to be worn both under clothing and on their own. Jewel Toned also offers an exclusive collaboration with Dear Drew by Drew Barrymore, featuring elevated loungewear and lingerie inspired by Hollywood glamour. By promoting inclusivity and self-acceptance, Jewel Toned aims to cater to women of all body types through its innovative e-commerce platform.

Jewel Toned

Seed Round in 2014
Jewel Toned, Inc. is a women-led company based in Beverly Hills, California, that specializes in designing and providing lingerie and loungewear. Incorporated in 2014, it focuses on creating body-positive intimate apparel, including seamless shapewear and comfortable everyday lingerie meant to empower women. The products are designed using advanced technology to ensure comfort and style, allowing them to be worn both under clothing and on their own. Jewel Toned also offers an exclusive collaboration with Dear Drew by Drew Barrymore, featuring elevated loungewear and lingerie inspired by Hollywood glamour. By promoting inclusivity and self-acceptance, Jewel Toned aims to cater to women of all body types through its innovative e-commerce platform.
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