Launch Africa Ventures

Launch Africa is a venture capital firm founded in 2020 and based in Ebene, Mauritius. The firm focuses on addressing the capital constraints faced by seed stage tech startups across the African continent. By investing in companies at the seed and pre-series A stages, Launch Africa aims to support the growth and development of innovative businesses in the region, fostering a vibrant entrepreneurial ecosystem.

Mohamed Karar

Venture Partner F1 and F2

Michael Mutie

VC Associate

Janade Du Plessis

Co-Founder and Managing Partner

Hannah Subayi

Partner, Board Member and Member of the Investment Committee

Janade Plessis Ph.D

Co-Founder and Managing Partner

Past deals in Banks

Kredibank

Seed Round in 2022
Kredi is a neo bank building Africa's one-stop shop for digital financial services. Kredi is a platform that eliminates all the challenges of using multiple applications and allows users to manage all aspects of their financial lives. We are fully licensed by the Central Bank of Nigeria. We provide access to digital financial services such as savings, credit, payment, investments, and insurance to all consumers in Nigeria in one place.

Balad

Pre Seed Round in 2022
Balad is an open banking platform designed to assist migrants and their families by offering a range of financial services. Specifically targeting the underbanked family members of Egyptian migrants, Balad facilitates cross-border remittances through its digital platform. The company provides mobile banking applications and prepaid debit cards, which help streamline the remittance process and reduce associated fees. By enabling instantaneous income receipt for families back home, Balad aims to enhance financial accessibility and inclusion for migrants and their beneficiaries. The platform also has plans to introduce additional financial products in the future, further supporting the needs of its users.

Credable

Seed Round in 2022
Credable is a platform that provides digital banking and financial services to businesses across emerging markets. Their financial services, including credit, savings, and payment products, are on our B2B2C digital infrastructure. They also provide solutions while using our digital banking platform.

Zazuu

Venture Round in 2022
Developer of a fintech application designed to make remittances fairer for Africans. The company's platform lets users search hundreds of reputable money transfer providers and compare them to get unbeatable deals, helping them to save money on each transfer and allowing customers to manage multiple currencies.

Zazuu

Seed Round in 2022
Developer of a fintech application designed to make remittances fairer for Africans. The company's platform lets users search hundreds of reputable money transfer providers and compare them to get unbeatable deals, helping them to save money on each transfer and allowing customers to manage multiple currencies.

Cauri Money

Pre Seed Round in 2022
Developer of a money transfer platform intended to make payments easier. The company's platform specializes in wallet recharge, phone recharge, and invoice payments, enabling users to send money to Africa and manage their daily expenditures.

Credrails

Seed Round in 2022
Credrails is a financial technology company that provides infrastructure for open banking in Africa. Its technology connects banks, mobile money services, and other financial data sources into a single application programming interface (API). This integration facilitates interoperability and enables efficient money movement across various channels, supporting the growth of Africa's digital economy. By offering a unified platform, Credrails equips businesses with the tools they need to develop innovative fintech solutions.

Zanifu

Seed Round in 2022
Zanifu is a financial technology credit provider that supports individuals and businesses across Africa. It offers a lending platform for small and medium-sized enterprises. Its mission is to bridge the credit access gap with responsible, innovative, and flexible products, delivered in an efficient and empathetic way. The company was founded in 2016 and is headquartered in Nairobi, Westlands.

Kwara

Seed Round in 2021
Kwara GmbH is a Berlin-based company that develops a digital banking platform specifically designed for savings and credit co-operative societies (SACCOs). Founded in 2018, Kwara provides a cloud-based platform that facilitates loan application servicing and approval for members, alongside integration services, customer support, and real-time financial tracking. The platform also includes compliance services and offers a product called Kwara Pronto for managing loans. By enabling cooperative financial institutions to connect with the formal financial system, Kwara aims to bolster the financial cooperative movement, which positively impacts millions of people. The company also has an office in Nairobi, Kenya, expanding its reach and support for these communities.

Fingo Africa

Seed Round in 2021
Fingo is a fintech startup providing digital banking services for youth. services include current accounts, money transfers, bill payments, etc., it features link-based payments, saving goals, and real-time transactions.

Kashat

Convertible Note in 2021
Kashat, is a mobile financial services company aimed at serving the financial needs of the unbanked and underbanked in Egypt. Through its mobile app, Kashat, instantly lends small loans to the financially excluded. The service uses alternative cellular data to underwrite thin file(people who have never had access to credit before) customers to cultivate a financial identity by building a credit history with Kashat. Once customers have signed up and been approved for a loan, they hcan withdraw their loans through mobile wallets and other digital payment services. The entire process is enabled digitally, through Kashat's user friendly mobile app. Kashat is regulated by the Financial Regulatory Authority in Egypt.

Fingo Africa

Seed Round in 2021
Fingo is a fintech startup providing digital banking services for youth. services include current accounts, money transfers, bill payments, etc., it features link-based payments, saving goals, and real-time transactions.

Zazuu

Seed Round in 2021
Developer of a fintech application designed to make remittances fairer for Africans. The company's platform lets users search hundreds of reputable money transfer providers and compare them to get unbeatable deals, helping them to save money on each transfer and allowing customers to manage multiple currencies.

eBanqo

Seed Round in 2021
eBanqo is a customer engagement software-as-a-service (SaaS) provider that enables organizations to automate customer-facing services and enhance issue resolution. The platform allows businesses to extend their services across various digital channels, including webchat, in-app chat, social media, USSD, and SMS, thereby promoting connectivity and efficiency in addressing customer concerns. Utilizing advanced artificial intelligence technology, eBanqo helps businesses deliver personalized interactions consistently across all platforms, fostering customer loyalty and brand affinity. The solution significantly reduces operational costs while offering automated support, self-service options, and multi-channel live chat capabilities. By integrating engagement channels such as web, mobile, and popular messaging apps, eBanqo aims to improve customer satisfaction and retention through quicker issue resolution and increased accessibility.

BFree

Seed Round in 2021
BFree is a developer of a credit management platform that aims to enhance the credit collection process while prioritizing consumers' financial health. The company utilizes artificial intelligence to create ethical credit management tools, making the collection processes more scalable, efficient, and user-friendly. By focusing on sustainability, BFree empowers customers, particularly in emerging markets, to take control of their finances. The platform allows users to self-administer their loan repayments and gain essential knowledge in personal budgeting and financial management, ultimately leading them out of debt.

Cassbana

Pre Seed Round in 2021
Cassbana uses AI to run a behavior-based credit scoring system, which determines individuals and businesses ' access to credit.

Kaoun

Seed Round in 2021
Developer of a financial inclusion software platform designed to reform financial systems through innovative processes. The company's platform provides access to financial services through electronic identification, payment and credit-related services, enabling users who were previously unbanked and underbanked to create free bank accounts remotely and enjoy online financial services.

Kuda

Seed Round in 2020
Kuda Technologies Ltd is a digital banking service provider based in Nigeria, offering a range of financial products including savings accounts, checking accounts, money transfers, and debit cards through its online platform. The company, which was established in 2018 and is headquartered in London with an additional office in Lagos, aims to make banking more affordable and rewarding for its users. Kuda operates as a digital-only bank, providing services without traditional banking fees, and is known for its user-friendly mobile banking application. Originally founded as KudiMoney Ltd, the company rebranded to Kuda Technologies Ltd in June 2019.
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