Adlevo Capital

Adlevo Capital is a private equity firm established in 2009 and headquartered in Lagos, Nigeria. The firm specializes in financing technology-enabled companies throughout sub-Saharan Africa, focusing on the information technology sector. Adlevo Capital invests in rapidly growing private companies at various stages of development, employing equity and equity-linked investments. With a strong local presence, the firm leverages its understanding of regional market dynamics to develop market intelligence, positioning itself effectively within the African investment landscape.

Folabi Esan

Partner

Olumide Olagbegi

CFO

9 past transactions

Paga

Series B in 2018
Paga is a mobile payment company focused on creating a digital ecosystem that facilitates the sending and receiving of money. It aims to provide simple financial access to a broad user base, with a mission to enable one billion people to effectively manage their finances. Operating primarily in Nigeria, Paga has established itself as the leading mobile payment provider in the region. Its application allows users to transfer money to anyone with a mobile phone, as well as purchase and send airtime credits, make bill payments, and conduct retail transactions. By addressing the challenges associated with payment options, Paga is committed to enhancing financial service accessibility for its users.

Paga

Series B in 2015
Paga is a mobile payment company focused on creating a digital ecosystem that facilitates the sending and receiving of money. It aims to provide simple financial access to a broad user base, with a mission to enable one billion people to effectively manage their finances. Operating primarily in Nigeria, Paga has established itself as the leading mobile payment provider in the region. Its application allows users to transfer money to anyone with a mobile phone, as well as purchase and send airtime credits, make bill payments, and conduct retail transactions. By addressing the challenges associated with payment options, Paga is committed to enhancing financial service accessibility for its users.

SOLO Phone

Venture Round in 2014
SOLO Phone specializes in the manufacturing of mobile devices aimed at providing experience-driven digital content. The company's offerings extend beyond hardware to include digital movie rental services, enhancing the user experience through telecommunications. By focusing on innovative solutions, SOLO Phone enables operators to deliver a customer-centered experience, positioning itself as a key player in the mobile technology industry.

Rancard

Series B in 2013
Rancard Inc. is a startup subsidiary of Rancard Holdings, established in October 2016, that specializes in developing a social recommendations engine known as Rendezvous. This innovative platform automates personalized recommendations by leveraging trusted connections among users, addressing limitations often found in traditional commercial recommendations. Rendezvous incorporates an AI-powered Messenger bot to enhance user interaction and engagement. By providing valuable insights into customer preferences, Rancard's technology enables businesses to improve their brand image and optimize advertising efforts. The platform supports targeted mobile advertising campaigns, ultimately facilitating user acquisition and increasing sales through enhanced digital marketing capabilities.

Rancard

Series A in 2012
Rancard Inc. is a startup subsidiary of Rancard Holdings, established in October 2016, that specializes in developing a social recommendations engine known as Rendezvous. This innovative platform automates personalized recommendations by leveraging trusted connections among users, addressing limitations often found in traditional commercial recommendations. Rendezvous incorporates an AI-powered Messenger bot to enhance user interaction and engagement. By providing valuable insights into customer preferences, Rancard's technology enables businesses to improve their brand image and optimize advertising efforts. The platform supports targeted mobile advertising campaigns, ultimately facilitating user acquisition and increasing sales through enhanced digital marketing capabilities.

Paga

Series A in 2012
Paga is a mobile payment company focused on creating a digital ecosystem that facilitates the sending and receiving of money. It aims to provide simple financial access to a broad user base, with a mission to enable one billion people to effectively manage their finances. Operating primarily in Nigeria, Paga has established itself as the leading mobile payment provider in the region. Its application allows users to transfer money to anyone with a mobile phone, as well as purchase and send airtime credits, make bill payments, and conduct retail transactions. By addressing the challenges associated with payment options, Paga is committed to enhancing financial service accessibility for its users.

Interswitch

Venture Round in 2011
Interswitch is an Africa-focused integrated digital payments and commerce company that has been operational since 2002. It specializes in transaction switching and electronic payments processing, building and managing payment infrastructure across the continent. Interswitch facilitates the electronic circulation of money and the exchange of value between individuals and organizations, ensuring timely and consistent transactions. By providing innovative payment products and transactional services, the company aims to help banks, institutions, and governments reduce costs, enhance operational efficiency, and drive sustainable revenue growth.
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