Launch Africa Ventures is a venture capital firm established in 2020 and headquartered in Ebene, Mauritius. The firm focuses on addressing the substantial funding gap in the seed and pre-Series A investment landscape across the African continent. By targeting early-stage companies, Launch Africa Ventures aims to support and enhance the growth of startups operating in various sectors throughout Africa, contributing to the development of the regional entrepreneurial ecosystem.
Partner, Board Member and Member of the Investment Committee
Janade Plessis Ph.D
Co-Founder and Managing Partner
Past deals in Personal Finance
Cauri Money
Seed Round in 2024
Cauri Money is a financial services company that offers users a comprehensive platform for money management and transfer. It provides a wallet and a BG IBAN, allowing users to exchange, save, manage, and send money easily. The platform includes features such as peer-to-peer payments, as well as virtual and physical Mastercards. Cauri Money also facilitates wallet recharge, phone recharge, and invoice payments, making it particularly useful for sending money to Africa and managing daily expenditures. The service is accessible to anyone, regardless of their banking affiliation, and includes support from a dedicated financial supervisor.
BFree
Seed Round in 2024
BFree is a developer of a credit management platform aimed at enhancing the credit collection process. The company emphasizes improving consumers' financial health by creating artificial intelligence-based ethical credit management tools. These tools are designed to make collection processes more scalable, efficient, and user-friendly, allowing individuals in emerging markets to manage their loan repayments independently. BFree's approach focuses on providing customers with the knowledge and skills necessary for effective personal budgeting, ultimately helping them regain control over their finances and sustainably navigate out of debt.
Credable
Seed Round in 2023
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.
Djamo
Venture Round in 2022
Djamo is a financial technology company that offers applications enabling customers to utilize cards without incurring any fees across various services. The company's platform provides both free and limitless cards that function like standard debit cards, allowing users to set aside funds for savings, monitor their expenses, manage card payments, and control withdrawals and overall financial activities. Djamo's focus on fee-free transactions and comprehensive financial management tools positions it as a convenient option for individuals seeking to enhance their financial well-being.
Kashat
Convertible Note in 2022
Kashat is a mobile financial services company in Egypt that focuses on meeting the financial needs of the unbanked and underbanked populations. It offers instant, small loans through a user-friendly mobile app, allowing customers to access microloans conveniently. By utilizing alternative cellular data for underwriting, Kashat serves individuals who have never had access to credit, helping them establish a financial identity and build a credit history. Once approved for a loan, customers can withdraw funds via mobile wallets and other digital payment methods. Kashat's operations are fully digital and are regulated by the Financial Regulatory Authority in Egypt, ensuring compliance and security in its financial services.
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.
Cauri Money
Pre Seed Round in 2022
Cauri Money is a financial services company that offers users a comprehensive platform for money management and transfer. It provides a wallet and a BG IBAN, allowing users to exchange, save, manage, and send money easily. The platform includes features such as peer-to-peer payments, as well as virtual and physical Mastercards. Cauri Money also facilitates wallet recharge, phone recharge, and invoice payments, making it particularly useful for sending money to Africa and managing daily expenditures. The service is accessible to anyone, regardless of their banking affiliation, and includes support from a dedicated financial supervisor.
Elevate Pay
Pre Seed Round in 2022
Bloom is a financial technology company that operates a digital banking platform aimed at providing regulated banking services to consumers. Its application allows users to open bank accounts online, access fee-free bank accounts in both Sudanese and US dollars, and obtain free USD Mastercards. The platform facilitates free transfers within Sudan and offers complimentary international remittance services from various countries. By focusing on innovative and inclusive financial products, Bloom seeks to enhance the financial well-being of its customers.
Cauri Money
Venture Round in 2021
Cauri Money is a financial services company that offers users a comprehensive platform for money management and transfer. It provides a wallet and a BG IBAN, allowing users to exchange, save, manage, and send money easily. The platform includes features such as peer-to-peer payments, as well as virtual and physical Mastercards. Cauri Money also facilitates wallet recharge, phone recharge, and invoice payments, making it particularly useful for sending money to Africa and managing daily expenditures. The service is accessible to anyone, regardless of their banking affiliation, and includes support from a dedicated financial supervisor.
Fingo Africa
Venture Round in 2021
Fingo Africa is a fintech startup that offers digital banking services primarily designed for the youth. The company provides a range of services, including current accounts, money transfers, bill payments, and link-based payments. Fingo's platform enables users to conveniently transfer money to friends, family, or businesses and includes features such as saving goals and real-time transactions. Through its innovative approach, Fingo aims to simplify the financial experience for younger users, making banking more accessible and user-friendly.
Kashat
Convertible Note in 2021
Kashat is a mobile financial services company in Egypt that focuses on meeting the financial needs of the unbanked and underbanked populations. It offers instant, small loans through a user-friendly mobile app, allowing customers to access microloans conveniently. By utilizing alternative cellular data for underwriting, Kashat serves individuals who have never had access to credit, helping them establish a financial identity and build a credit history. Once approved for a loan, customers can withdraw funds via mobile wallets and other digital payment methods. Kashat's operations are fully digital and are regulated by the Financial Regulatory Authority in Egypt, ensuring compliance and security in its financial services.
Fingo Africa
Seed Round in 2021
Fingo Africa is a fintech startup that offers digital banking services primarily designed for the youth. The company provides a range of services, including current accounts, money transfers, bill payments, and link-based payments. Fingo's platform enables users to conveniently transfer money to friends, family, or businesses and includes features such as saving goals and real-time transactions. Through its innovative approach, Fingo aims to simplify the financial experience for younger users, making banking more accessible and user-friendly.
Envel
Seed Round in 2021
Envel is a financial services company that specializes in the fields of consumer banking, fintech, money management, and wealth management. It features and an autopilot software platform that uses the power of Artificial Intelligence to guide your finances in real-time. Envel has developed patent-pending AI banking tech to help take care of personal finances 24/7 in a way that benefits the user’s pockets and not the middleman. The company's unique behavioral science-driven technology formulates and implements the best savings and spending model for its customers to ensure there is little unnecessary spending. Through its Envel Money Management System, each user's Spending DNA™ is defined and tracked by a system that learns individuals' habits over time and automatically adjusts account splits and friction accordingly. Envel is initially geared towards helping keep college students cash in check, and aim to eventually help more than one million college students get out of debt.
BFree
Seed Round in 2021
BFree is a developer of a credit management platform aimed at enhancing the credit collection process. The company emphasizes improving consumers' financial health by creating artificial intelligence-based ethical credit management tools. These tools are designed to make collection processes more scalable, efficient, and user-friendly, allowing individuals in emerging markets to manage their loan repayments independently. BFree's approach focuses on providing customers with the knowledge and skills necessary for effective personal budgeting, ultimately helping them regain control over their finances and sustainably navigate out of debt.
Trove
Seed Round in 2021
An Investment app which aims to make the process of finding and selecting investments — specifically stocks & Bonds— easy and approachable for beginners. With Trove You’ll find stock from public companies from the Nigeria and the U.S (In View) , as well as various bonds, 10 cryptocurrency assets and mutual funds. From the kyc & sign up process to the range of financial assets offered by the Trove platform , down to payment and buying and selling & a display of a personalized news feed of finance headlines about the stocks & assets you trade. Trove makes the whole process around micro investing seamless from start to finish
Kuda
Seed Round in 2020
Kuda is a digital-only bank established in 2019 by Babs Ogundeyi and Musty Mustapha, headquartered in London. The bank aims to provide accessible banking services to every African globally, promoting healthier financial lives through its platform. Kuda offers free banking services, enabling users to open digital accounts without incurring unnecessary charges. Its features include tools for smart budgeting, saving, and spending, allowing customers to earn interest on their savings and access low-interest loans. By eliminating the need for physical banking, Kuda simplifies financial management for its users, making saving easy and rewarding.
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