Adlevo Capital

Adlevo Capital, established in 2007, is a private equity firm headquartered in Mauritius with a significant presence in Lagos, Nigeria. It specializes in investing in mature and later-stage technology-enabled companies across sub-Saharan Africa, with a focus on the information and communications technology sectors. Adlevo Capital provides expansion, bridge financing, buyouts, and growth capital, typically investing between $3 million to $10 million in exchange for majority or significant minority positions. It targets a 25% allocation to South Africa-based companies, with the remainder invested across the broader sub-Saharan African region. The firm's strategy is underpinned by a deep understanding of local markets, gained through active local presence and market intelligence.

Folabi Esan

Partner

Olumide Olagbegi

CFO

Past deals in Nigeria

Paga

Series B in 2018
Paga is a mobile payment company focused on creating a digital ecosystem for money transactions, primarily in Nigeria, where it is recognized as a leading provider in the sector. The company's application facilitates sending and receiving money through mobile devices, making financial services accessible to a broad audience. In addition to transferring funds, Paga's platform allows users to purchase airtime credits, pay bills, and make retail payments, addressing the growing demand for viable payment options. With an ambitious mission to simplify financial access for one billion people, Paga aims to overcome the challenges associated with traditional banking and enhance the overall financial inclusion in its target markets.

Paga

Series B in 2015
Paga is a mobile payment company focused on creating a digital ecosystem for money transactions, primarily in Nigeria, where it is recognized as a leading provider in the sector. The company's application facilitates sending and receiving money through mobile devices, making financial services accessible to a broad audience. In addition to transferring funds, Paga's platform allows users to purchase airtime credits, pay bills, and make retail payments, addressing the growing demand for viable payment options. With an ambitious mission to simplify financial access for one billion people, Paga aims to overcome the challenges associated with traditional banking and enhance the overall financial inclusion in its target markets.

Paga

Series A in 2012
Paga is a mobile payment company focused on creating a digital ecosystem for money transactions, primarily in Nigeria, where it is recognized as a leading provider in the sector. The company's application facilitates sending and receiving money through mobile devices, making financial services accessible to a broad audience. In addition to transferring funds, Paga's platform allows users to purchase airtime credits, pay bills, and make retail payments, addressing the growing demand for viable payment options. With an ambitious mission to simplify financial access for one billion people, Paga aims to overcome the challenges associated with traditional banking and enhance the overall financial inclusion in its target markets.
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