Ingressive Capital, founded in 2017 and based in Lagos, Nigeria, is a venture capital firm dedicated to investing in early-stage technology companies across Africa, particularly in Egypt, Ghana, Kenya, Morocco, and Nigeria. With a focus on pre-seed and seed investments, the firm targets startups led by indigenous founders in sectors such as fintech, SaaS, healthtech, and agritech. Ingressive Capital aims to support transformative growth in Africa's economy by investing in both business-to-consumer and business-to-business solutions that enhance value chain ownership and cater to the continent's dynamic, tech-enabled youth demographic. The firm aspires to be a valuable partner for entrepreneurs, fostering their success and contributing to the overall development of the African startup ecosystem.
Startbutton is a transaction gateway platform that facilitates payment processing for businesses operating in multiple African countries. By offering services such as tax compliance, local currency support, and vendor payouts, Startbutton helps organizations navigate the complexities of local regulations and payment methods. This enables businesses to concentrate on enhancing productivity and expanding their market potential without being burdened by overheads related to payment processing. Through its solutions, Startbutton aims to empower companies to sell their products and services more effectively across the continent.
Payday
Seed Round in 2023
Payday is a fintech platform that provides global payment solutions such as virtual mastercards and payments for foreign employees. Payday can also be used to handle payroll, taxes, and compliance by foreign companies with African employees. Payday was established on May 1, 2021 in Vancouver, British Columbia by Favour Ori.
54gene
Convertible Note in 2022
54gene is a healthcare company founded in 2019 by Dr. Abasi Ene-Obong, focused on advancing genomic research in Africa. Headquartered in San Francisco with an office in Lagos, Nigeria, the company aims to address the underrepresentation of African genetic data in pharmaceutical research, where only 2% of genetic material used is from African populations. By developing a pan-African biobank, 54gene seeks to identify new drug targets and create diagnostics and treatments for various diseases, including cancer, cardiovascular, and neurodegenerative diseases. Additionally, the company offers genetic testing and molecular diagnostics services to enhance understanding of the human genome and improve access to essential healthcare solutions.
Mecho
Seed Round in 2022
Mecho is an on-demand auto repair and maintenance platform that serves individuals and businesses across Africa. The platform facilitates the registration and scheduling of maintenance services, connecting customers with a network of certified mechanics and automobile technicians. By leveraging this network, Mecho enables users to access vehicle maintenance, inspection, and repair services efficiently and conveniently. This innovative approach aims to streamline the auto repair process, making it accessible and straightforward for users in the region.
SeamlessHR
Series A in 2022
SeamlessHR Limited is a human resource technology software company based in Lagos, Nigeria, founded in 2013. It offers a comprehensive, cloud-based HR platform tailored for medium to large-sized organizations, facilitating the automation and optimization of HR processes from recruitment to retirement. The company's product suite includes a Recruitment Management System, HR Management System, Learning Management System, Payroll Management, Leave Management, and Performance and Competency Management tools. Additionally, SeamlessHR provides HR analytics and embedded finance solutions aimed at enhancing financial security for both employers and employees. Through its technology, SeamlessHR enables businesses to streamline various HR functions, ensuring efficient management of their workforce.
Mecho
Pre Seed Round in 2021
Mecho is an on-demand auto repair and maintenance platform that serves individuals and businesses across Africa. The platform facilitates the registration and scheduling of maintenance services, connecting customers with a network of certified mechanics and automobile technicians. By leveraging this network, Mecho enables users to access vehicle maintenance, inspection, and repair services efficiently and conveniently. This innovative approach aims to streamline the auto repair process, making it accessible and straightforward for users in the region.
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.
54gene
Series B in 2021
54gene is a healthcare company founded in 2019 by Dr. Abasi Ene-Obong, focused on advancing genomic research in Africa. Headquartered in San Francisco with an office in Lagos, Nigeria, the company aims to address the underrepresentation of African genetic data in pharmaceutical research, where only 2% of genetic material used is from African populations. By developing a pan-African biobank, 54gene seeks to identify new drug targets and create diagnostics and treatments for various diseases, including cancer, cardiovascular, and neurodegenerative diseases. Additionally, the company offers genetic testing and molecular diagnostics services to enhance understanding of the human genome and improve access to essential healthcare solutions.
Oze
Seed Round in 2020
Oze is a digital platform designed to support small and medium-sized enterprises (SMEs) in Africa by providing tools for managing sales, expenses, and customer data. The app enables entrepreneurs to track their financial activities efficiently and offers tailored recommendations, reports, and business education to enhance their operations. Oze also provides access to coaching for users seeking additional guidance. By leveraging data and machine learning, Oze can assess credit risk and facilitate affordable financing options through banking partners. With a user base exceeding 150,000, Oze has established itself as the largest online community of SMEs in West Africa, demonstrating significant impact as 97% of businesses using Oze for over nine months have reported growth or profitability.
SeamlessHR
Seed Round in 2020
SeamlessHR Limited is a human resource technology software company based in Lagos, Nigeria, founded in 2013. It offers a comprehensive, cloud-based HR platform tailored for medium to large-sized organizations, facilitating the automation and optimization of HR processes from recruitment to retirement. The company's product suite includes a Recruitment Management System, HR Management System, Learning Management System, Payroll Management, Leave Management, and Performance and Competency Management tools. Additionally, SeamlessHR provides HR analytics and embedded finance solutions aimed at enhancing financial security for both employers and employees. Through its technology, SeamlessHR enables businesses to streamline various HR functions, ensuring efficient management of their workforce.
Evolve Credit
Seed Round in 2020
Evolve Credit Limited operates a platform designed to enhance financial accessibility and transparency for consumers in Africa. Established in 2020 and based in Lagos, Nigeria, the company enables users to compare a variety of loan products, including personal loans and business loans, based on price, interest rates, and terms. Its platform also features expert reviews and personalized recommendations, helping users select the most suitable financial options for their needs. In addition to serving individuals, Evolve Credit provides solutions for small and medium-sized enterprises, addressing a broad spectrum of lending requirements. The company's goal is to streamline the loan application process while promoting inclusivity in financial services.
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.
Fuel Metrics
Seed Round in 2020
Fuel Metrics is a leading software development and implementation company located in Lagos, Nigeria. We are a company with strength and experience in the ICT industry, providing innovative technological solutions such as software development, enterprise solutions, mobile application development, database administration and optimization, web design & development, web app development, and onsite training for corporate organizations.
54gene
Series A in 2020
54gene is a healthcare company founded in 2019 by Dr. Abasi Ene-Obong, focused on advancing genomic research in Africa. Headquartered in San Francisco with an office in Lagos, Nigeria, the company aims to address the underrepresentation of African genetic data in pharmaceutical research, where only 2% of genetic material used is from African populations. By developing a pan-African biobank, 54gene seeks to identify new drug targets and create diagnostics and treatments for various diseases, including cancer, cardiovascular, and neurodegenerative diseases. Additionally, the company offers genetic testing and molecular diagnostics services to enhance understanding of the human genome and improve access to essential healthcare solutions.
54gene
Seed Round in 2019
54gene is a healthcare company founded in 2019 by Dr. Abasi Ene-Obong, focused on advancing genomic research in Africa. Headquartered in San Francisco with an office in Lagos, Nigeria, the company aims to address the underrepresentation of African genetic data in pharmaceutical research, where only 2% of genetic material used is from African populations. By developing a pan-African biobank, 54gene seeks to identify new drug targets and create diagnostics and treatments for various diseases, including cancer, cardiovascular, and neurodegenerative diseases. Additionally, the company offers genetic testing and molecular diagnostics services to enhance understanding of the human genome and improve access to essential healthcare solutions.
Jetstream Africa
Pre Seed Round in 2019
Jetstream Africa Limited is a cloud-based logistics platform based in Accra, Ghana, founded in 2018. The company specializes in providing cross-border marine logistics services, facilitating freight forwarding and global exports for African suppliers. By offering tools for booking, tracking, and consolidating shipments, Jetstream enhances access to international trade for small and medium-sized enterprises (SMEs) across Africa. The platform aims to simplify the shipping process, making it more accessible for businesses to engage in global commerce.
AwaBike
Pre Seed Round in 2018
AwaBike is a company based in Lagos, Nigeria, that develops the AWA Bike, a smart bike sharing and lifestyle application. Founded in 2017, the application offers users features such as fluid navigation, geo-location tracking, a QR code generator, and a secure pin code scanner. It also includes capabilities for video, playlist synchronization, and social media integration. AwaBike aims to enhance the biking experience by notifying users about available docking stations and connecting them with a community of bikers and shoppers.
Oze
Pre Seed Round in 2018
Oze is a digital platform designed to support small and medium-sized enterprises (SMEs) in Africa by providing tools for managing sales, expenses, and customer data. The app enables entrepreneurs to track their financial activities efficiently and offers tailored recommendations, reports, and business education to enhance their operations. Oze also provides access to coaching for users seeking additional guidance. By leveraging data and machine learning, Oze can assess credit risk and facilitate affordable financing options through banking partners. With a user base exceeding 150,000, Oze has established itself as the largest online community of SMEs in West Africa, demonstrating significant impact as 97% of businesses using Oze for over nine months have reported growth or profitability.
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