Future Africa is a Lagos-based venture capital firm established in 2016, dedicated to empowering mission-driven founders and innovators to tackle significant challenges across the African continent. The firm focuses on creating a future where purpose and prosperity are accessible to all. Future Africa invests in a diverse array of sectors, including agriculture, data and artificial intelligence, e-commerce, education, finance, healthcare, and technology, among others. By supporting startups and entrepreneurs, Future Africa aims to foster the development of transformative solutions that contribute to the continent's economic growth and social progress.
Uncover is a beauty company that provides skincare products for consumers. The company's mission is to inspire, support, educate, and empower women to take control of health and well-being and become the most trusted skin-care brand. Uncover was founded in 2020 and is based in Kenya.
Jumba
Pre Seed Round in 2022
Jumba is a construction technology platform based in Nairobi, Kenya, established in 2022. The company focuses on streamlining B2B construction material purchases and financing, facilitating transactions between manufacturers and retailers. Jumba's platform enables businesses to order a variety of construction materials, including cement, steel, paint, tiles, plumbing supplies, electrical components, glass, and kitchen and bathroom finishes, with the option to pay later. By connecting small hardware stores with medium-sized retailers in their vicinity, Jumba helps enhance inventory management and negotiates pricing to simplify the supply chain for construction materials across Africa.
Finclusion Group
Seed Round in 2022
Finclusion is a FinTech accelerating company that provides financial services and credit products using AI-powered and data-driven lending for fraud prevention and credit granting. The company also offers buy-now-pay-later (BNPL) services, salary advance schemes, loan services, and transactional banking to individuals and SMEs across 5 countries—South Africa, Eswatini, Namibia, Kenya, and Tanzania.
Kwara
Seed Round in 2021
Kwara GmbH is a Berlin-based company that specializes in providing a digital banking platform specifically designed for savings and credit co-operative societies (SACCOs). Founded in 2018, Kwara's cloud-based platform facilitates loan application servicing and approval for members, along with offering integration services, customer support, real-time financial tracking, and compliance services. The company also features Kwara Pronto, a tool for loans management. With a presence in Nairobi, Kenya, Kwara has successfully transformed over 200 SACCOs into modern digital financial institutions across Kenya, South Africa, and the Philippines, enhancing their operational efficiency and financial inclusion through its advanced core banking system and mobile banking experience.
Eden Life
Seed Round in 2021
Eden Life, Inc. is a technology-enabled service provider based in Lagos, Nigeria, that specializes in housekeeping and related services for busy individuals. The company simplifies household management by offering a variety of services, including laundry, meal preparation, cleaning, equipment maintenance, and beauty services. Eden Life operates through an online platform and a mobile application, allowing users to conveniently book and access these services. Additionally, the company creates a diverse marketplace by partnering with various vendors, ensuring that customers can meet their household needs efficiently in both Nigeria and Kenya.
SOTE
Seed Round in 2020
Sote, Inc. is a technology company specializing in the logistics sector, focusing on digital customs clearing and freight forwarding solutions. Established in 2017 and headquartered in San Francisco, California, with an additional office in Nairobi, Kenya, Sote provides a platform that allows industrial cargo owners to efficiently manage freight clearing and forwarding processes. The platform includes a comprehensive dashboard that tracks shipment status, payment history, and estimated container arrival times, streamlining communication among all parties involved in logistics. Additionally, Sote is dedicated to enhancing trade finance in Africa by leveraging proprietary trade data to enable banks and financial institutions to lend to corporations and SMEs without traditional collateral requirements. By bridging the trade finance gap and offering reliable credit and risk management solutions, Sote aims to empower African businesses and facilitate growth in the continent's trade landscape.
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