Goodwell Investments

Goodwell Investments BV is a private equity and venture capital firm based in Amsterdam, Netherlands, with additional offices in Cape Town, South Africa, and Nairobi, Kenya. Founded in 2004, the firm specializes in seed and early-stage investments, primarily focusing on small and medium-sized enterprises in the Fintech sector and other impact sectors, including water, sanitation, health, renewable energy, and affordable housing finance. Goodwell Investments aims to support businesses that provide essential goods and services in sub-Saharan Africa, particularly in Ghana and Nigeria, as well as in India. The firm typically invests a minimum of €250,000 and seeks to hold these investments for five to ten years while taking minority stakes. In addition to capital investment, Goodwell Investments offers advisory services to its portfolio companies, emphasizing sustainable business practices and social impact alongside financial returns.

Wim van der Beek

Founder and Managing Partner

Past deals in Nigeria

Lidya

Series B in 2021
Lidya is a financial services platform based in Lagos, Nigeria, focused on improving access to credit and finance for small and medium enterprises. Founded in 2016, Lidya enables businesses to open accounts online, manage funds, and access credit within 15 minutes using mobile-first technology and proprietary credit scoring algorithms. The platform offers a range of banking services, including invoice financing and working capital, designed to help business owners build credit profiles and secure affordable financing. Additionally, it provides tools and dashboards for managing receivables and cash flow, allowing businesses to enhance their credit scores and unlock higher credit limits.

Tomato Jos

Series A in 2020
Tomato Jos is an agricultural production company based in Keffi, Nigeria, founded in 2014. The company specializes in producing and distributing high-quality tomato paste while also providing consultancy services to local farmers. Tomato Jos focuses on educating farmers on the best agricultural practices and supplying them with quality inputs, aiming to empower smallholder farmers to enhance their crop yields and efficiency. By combining expert guidance with practical resources, Tomato Jos plays a significant role in improving local agricultural practices and supporting the livelihoods of those in the communities it serves.

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.

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.
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