Singularity Investments

Singularity Investments is a venture capital firm based in Lagos, Nigeria, with an additional office in the United States. Specializing in start-up and early-stage investments, the firm primarily targets companies in the mobile and web-based services, technology, software, digital infrastructure, and digital media and entertainment sectors. Led by Issam Darwish, a prominent African entrepreneur, Singularity Investments aims to support dynamic entrepreneurs and teams working on disruptive technologies. The firm typically invests between $0.2 million and $2 million, often taking a lead role and securing a board seat in the companies it backs. Focused on the Africa and North American regions, particularly the United States and Canada, Singularity Investments seeks to provide strategic value to its portfolio companies through its extensive network and experience, helping them achieve growth and scale.

Nathan Kelly

Principal Investment Officer

Lexi Novitske

Principal

16 past transactions

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.

Flutterwave

Series D in 2022
Flutterwave Inc. is a financial technology company that offers comprehensive payment solutions for businesses globally. Founded in 2014 and headquartered in San Francisco, California, Flutterwave provides a range of services, including Flutterwave Checkout for processing payments via web and mobile, and a Flutterwave API for creating and managing virtual cards. The platform also includes tools for invoicing, allowing businesses to create professional invoices and track payments, as well as payment links for easy collection from customers. Serving various industries such as gaming, events, transportation, and hospitality, Flutterwave aims to simplify payment infrastructure by connecting merchants with local and international card schemes and bank accounts, ensuring secure and efficient payment processing.

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 corporate information platform specializing in data on public and private companies in Sub-Saharan Africa. Founded in 2014 and based in London, the company assists clients, including investment firms, banks, corporates, and governments, in identifying leads, researching investment opportunities, and monitoring corporate developments. Asoko collects and continuously updates company information through various data acquisition channels, providing comprehensive company profiles that encompass key corporate data, financial indicators, and management details. Additionally, it offers extended profiles featuring incorporation documents, corporate family trees, client turnover data, and compliance metrics. The company also delivers custom data products, sector analysis, and daily news aggregation focused on Africa's business landscape. With local research analysts across several regional offices, Asoko is dedicated to enhancing its data collection operations as it expands its presence in key African markets like Ghana, Kenya, and Nigeria.

Asoko Insight

Seed Round in 2017
Asoko Insight Limited is a corporate information platform specializing in data on public and private companies in Sub-Saharan Africa. Founded in 2014 and based in London, the company assists clients, including investment firms, banks, corporates, and governments, in identifying leads, researching investment opportunities, and monitoring corporate developments. Asoko collects and continuously updates company information through various data acquisition channels, providing comprehensive company profiles that encompass key corporate data, financial indicators, and management details. Additionally, it offers extended profiles featuring incorporation documents, corporate family trees, client turnover data, and compliance metrics. The company also delivers custom data products, sector analysis, and daily news aggregation focused on Africa's business landscape. With local research analysts across several regional offices, Asoko is dedicated to enhancing its data collection operations as it expands its presence in key African markets like Ghana, Kenya, and Nigeria.

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
Paystack is a payment processing company based in Ikeja, Lagos, founded in 2015. It provides businesses in Africa with the ability to accept payments from anyone, anywhere in the world using various methods, including credit and debit cards, money transfers, and mobile money. The platform is designed to simplify the payment process, ensuring that online transactions are secure and affordable. By connecting multiple payment options, Paystack enables merchants to offer a seamless payment experience through their websites and mobile applications, facilitating easier commerce for businesses and their customers.

Pagecloud

Series A in 2016
PageCloud Inc. is a cloud-based content management system based in Ottawa, Canada, founded in 2013. The company offers a browser-based platform that enables users to design, build, and launch websites and online stores. Its services include search optimization, marketing tool integration, and customizable forms to help businesses engage with their audiences effectively. PageCloud's collaborative tools facilitate a seamless website creation process, allowing designers and creators to customize their online presence according to their specific needs. This platform is tailored to support businesses in achieving success in the digital landscape.

Sliide

Seed Round in 2016
Sliide, a mobile software company based in London, specializes in creating solutions that facilitate user engagement with content on mobile devices. By leveraging the locked screen, Sliide allows users to discover and interact with various content types, including blogs, brands, events, and offers, while also earning free airtime each month. This innovative approach helps mobile network operators (MNO), mobile virtual network operators (MVNO), and original equipment manufacturers (OEM) increase user engagement, drive revenue, and reduce churn. Sliide's tools are designed to tailor monetization strategies to meet the unique needs of each partner, ensuring a product-market fit that aligns with subscriber demographics and usage patterns. By serving billions of ad impressions monthly and utilizing algorithmic targeting, Sliide achieves engagement rates significantly higher than industry averages, thereby enhancing the overall user experience and maximizing revenue potential for its partners.

DigitalGenius

Seed Round in 2016
DigitalGenius, Inc. is a company that specializes in developing artificial intelligence software solutions aimed at enhancing customer service operations, particularly in the E-commerce sector. Founded in 2013 and located in San Francisco, California, DigitalGenius offers a platform that utilizes advanced AI technologies, including conversational AI and visual recognition, to automate and optimize customer interactions across various channels. The platform effectively analyzes incoming messages, predicts metadata, routes inquiries, and provides agents with helpful suggestions, which helps automate responses and improves the quality of customer conversations. By integrating deeply with existing systems, DigitalGenius enables companies to scale their customer service operations, ensuring efficient and effective resolution of inquiries while meeting and exceeding customer expectations.

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 that enables users to discover, share, and purchase a wide range of products and content. The platform aggregates various forms of media, including photos, videos, GIFs, and articles, creating a personalized browsing experience that adapts to individual interests. Users can explore specific topics, organize their favorite finds into collections, and share them with friends. Accessible through both a mobile app and a website, Tapiture offers an endless feed of content tailored to its users' preferences, making it a valuable resource for discovering unique items and engaging media from across the internet.

Jewel Toned

Seed Round in 2015
Jewel Toned, Inc. is a women-led company based in Beverly Hills, California, specializing in the design and sale of lingerie, shapewear, and loungewear. Founded in 2014, the company focuses on creating body-positive intimate apparel, offering products that empower women through comfort and style. Jewel Toned's shapewear features seamless designs that can be worn both under clothing and as standalone pieces. The company also operates an e-commerce platform, providing an accessible online shopping experience for customers. Additionally, Jewel Toned has an exclusive collaboration with Dear Drew by Drew Barrymore, which features elevated loungewear and lingerie inspired by Hollywood glamour.

Jewel Toned

Seed Round in 2014
Jewel Toned, Inc. is a women-led company based in Beverly Hills, California, specializing in the design and sale of lingerie, shapewear, and loungewear. Founded in 2014, the company focuses on creating body-positive intimate apparel, offering products that empower women through comfort and style. Jewel Toned's shapewear features seamless designs that can be worn both under clothing and as standalone pieces. The company also operates an e-commerce platform, providing an accessible online shopping experience for customers. Additionally, Jewel Toned has an exclusive collaboration with Dear Drew by Drew Barrymore, which features elevated loungewear and lingerie inspired by Hollywood glamour.
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