Golden Palm Investments

Golden Palm Investments is an impact investment firm founded in 2008 and headquartered in Accra, Ghana. The firm specializes in investment management and advisory services, focusing on early-stage, venture, and growth capital opportunities primarily in Africa. It targets sectors such as real estate, agribusiness, financial technology, digital healthcare, and tech-enabled marketplaces, with a particular emphasis on companies that create a positive impact on the continent. By leveraging its expertise, Golden Palm Investments aims to support and develop businesses that contribute to sustainable economic growth in Africa.

Bamiji Alajiki

Managing Partner

Past deals in Nigeria

Maplerad

Seed Round in 2022
Maplerad is a fast, safe and easy way to send and receive money with friends, family or others you trust. You can receive and send money directly into any Nigerian bank account in minutes using Bitcoin, US Dollars, and Naira.

Mono

Series A in 2021
Mono is a Nigerian company founded in 2020 that specializes in financial data infrastructure through its application programming interface (API) platform. This platform offers businesses the ability to access essential financial information, including bank statements, account verification, and payment initiation. Mono's services are designed to enhance onboarding and identification processes, particularly in emerging markets. By providing real-time access to financial data and enabling secure direct bank payments, Mono aims to empower companies of all sizes, from startups to large enterprises. The company's mission focuses on unlocking the potential of Africa’s financial system, facilitating economic growth by equipping businesses with the necessary tools to thrive in the digital economy.

Mono

Series A in 2021
Mono is a Nigerian company founded in 2020 that specializes in financial data infrastructure through its application programming interface (API) platform. This platform offers businesses the ability to access essential financial information, including bank statements, account verification, and payment initiation. Mono's services are designed to enhance onboarding and identification processes, particularly in emerging markets. By providing real-time access to financial data and enabling secure direct bank payments, Mono aims to empower companies of all sizes, from startups to large enterprises. The company's mission focuses on unlocking the potential of Africa’s financial system, facilitating economic growth by equipping businesses with the necessary tools to thrive in the digital economy.

Andela

Series E in 2021
Andela is a global technology company founded in 2014, headquartered in Lagos, Nigeria. It specializes in recruiting, training, and connecting top-tier software developers from Africa and other emerging markets with global companies. Andela's platform streamlines the hiring process, enabling businesses to quickly and cost-effectively augment their teams with skilled talent. The company's unique model involves rigorous screening to select the top 1% of developers, providing them with mentorship and continuous learning opportunities, and managing all aspects of borderless hiring, from compliance to payroll. This allows clients to engage with fully managed teams or select individual roles, up to 66% faster and at a 30-50% cost reduction compared to traditional methods. Andela's diverse talent pool spans over 135 countries and specializes in advanced technologies such as application development, artificial intelligence, cloud & DevOps, and data engineering. The company has earned the trust of prominent global brands, including GitHub, Mastercard Foundry, and Mindshare.

Maplerad

Pre Seed Round in 2021
Maplerad is a fast, safe and easy way to send and receive money with friends, family or others you trust. You can receive and send money directly into any Nigerian bank account in minutes using Bitcoin, US Dollars, and Naira.

Mono

Pre Seed Round in 2020
Mono is a Nigerian company founded in 2020 that specializes in financial data infrastructure through its application programming interface (API) platform. This platform offers businesses the ability to access essential financial information, including bank statements, account verification, and payment initiation. Mono's services are designed to enhance onboarding and identification processes, particularly in emerging markets. By providing real-time access to financial data and enabling secure direct bank payments, Mono aims to empower companies of all sizes, from startups to large enterprises. The company's mission focuses on unlocking the potential of Africa’s financial system, facilitating economic growth by equipping businesses with the necessary tools to thrive in the digital economy.

Africa Health Holdings

Venture Round in 2020
CarePoint is a healthcare platform focused on transforming the healthcare landscape through innovation and digitization. Founded in 2017 and headquartered in Accra, Ghana, with offices in Nigeria and New York, the company operates a network of healthcare businesses that provide various services, including hospital care, telemedicine, and clinics. By consolidating these services, CarePoint aims to create a connected and patient-centered healthcare system across Africa, enhancing the overall quality and accessibility of healthcare for local communities. The organization promotes a collaborative work environment that encourages professionals to exceed expectations and contribute to the development and success of healthcare in the region.

Frontier Car Group

Series B in 2018
Frontier Car Group is a Berlin-based startup focused on developing and operating used automotive marketplaces in emerging markets, including Nigeria, Mexico, Argentina, Colombia, Chile, Pakistan, and Indonesia. The company aims to simplify the process of buying and selling used cars through its online platform, which features a digital quote engine that provides instant pricing for vehicles. This technology not only enhances the efficiency of transactions but also facilitates quick vehicle inspections at designated locations. By leveraging innovative business models and infrastructure, Frontier Car Group is able to create value for all stakeholders involved in the used car market. Additionally, the company is engaged in joint ventures with OLX in India and Poland, further expanding its reach and impact in the automotive sector.

Andela

Series C in 2017
Andela is a global technology company founded in 2014, headquartered in Lagos, Nigeria. It specializes in recruiting, training, and connecting top-tier software developers from Africa and other emerging markets with global companies. Andela's platform streamlines the hiring process, enabling businesses to quickly and cost-effectively augment their teams with skilled talent. The company's unique model involves rigorous screening to select the top 1% of developers, providing them with mentorship and continuous learning opportunities, and managing all aspects of borderless hiring, from compliance to payroll. This allows clients to engage with fully managed teams or select individual roles, up to 66% faster and at a 30-50% cost reduction compared to traditional methods. Andela's diverse talent pool spans over 135 countries and specializes in advanced technologies such as application development, artificial intelligence, cloud & DevOps, and data engineering. The company has earned the trust of prominent global brands, including GitHub, Mastercard Foundry, and Mindshare.

Fibre Lifestyle

Seed Round in 2017
Fibre provides a way to find and pay for homes in Nigeria. Fibre exists to eliminate the barriers that make it difficult for young people to find homes and live in major cities in Nigeria. The company was founded in 2016 and is based in Lagos, Nigeria.

Andela

Series A in 2015
Andela is a global technology company founded in 2014, headquartered in Lagos, Nigeria. It specializes in recruiting, training, and connecting top-tier software developers from Africa and other emerging markets with global companies. Andela's platform streamlines the hiring process, enabling businesses to quickly and cost-effectively augment their teams with skilled talent. The company's unique model involves rigorous screening to select the top 1% of developers, providing them with mentorship and continuous learning opportunities, and managing all aspects of borderless hiring, from compliance to payroll. This allows clients to engage with fully managed teams or select individual roles, up to 66% faster and at a 30-50% cost reduction compared to traditional methods. Andela's diverse talent pool spans over 135 countries and specializes in advanced technologies such as application development, artificial intelligence, cloud & DevOps, and data engineering. The company has earned the trust of prominent global brands, including GitHub, Mastercard Foundry, and Mindshare.
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