LoftyInc Capital Management

LoftyInc Capital Management is a venture capital firm established in 2017 and headquartered in Lagos, Nigeria. The firm focuses on investing in technology companies across Africa, having committed over $25 million to more than 150 high-growth enterprises, including three unicorns. LoftyInc has successfully attracted approximately $1.5 billion in follow-on funding for its portfolio companies, emphasizing long-term growth and community benefits. The firm has developed a broad ecosystem that includes tech hubs, angel networks, and talent platforms to support its investments. To date, LoftyInc has realized 14 exits and achieved a notable return on investment through its funds.

Julius Aroba

Investment Associate

Oluseye Bassir

Partner

Idris Bello

Founding Partner

Lydia Idem

COO

Mariam Kamel

General Partner

Michael Oluwagbemi

Founding Partner

Kevin Simmons

General Partner

Marsha Wulff

Co-Founder and Partner

172 past transactions

WideBot

Seed Round in 2025
WideBot, Inc., established in 2016 and headquartered in Cairo, Egypt, specializes in developing an Arabic-focused bot builder platform. The company's core product, WideBot, empowers businesses to create intelligent chatbots that communicate effectively in the Middle East and North Africa (MENA) region, without requiring coding expertise. WideBot's platform offers data training and building, customization and optimization, hosting and maintenance, and ongoing technical support, all driven by its proprietary, enterprise-grade AI engine that understands multiple Arabic dialects and detects sentiment and tone. As a META Official Partner, WideBot is recognized as MENA's leading AI communication platform, focusing on enhancing customer experience and AI engagement.

Mtor

Pre Seed Round in 2023
Mtor is an online marketplace focused on transforming the automotive aftermarket by offering a transparent pricing model for automotive spare parts. The company operates a platform that connects mechanics with a wide selection of automotive parts, facilitating on-demand access and efficient delivery to workshops. By leveraging sophisticated technology solutions, Mtor aims to streamline the procurement process for automotive spare parts, ensuring that clients receive the necessary components quickly and reliably.

EMTECH

Seed Round in 2023
EMTECH is a New York-based fintech company established in 2019, specializing in modernizing central banking infrastructure for enhanced financial inclusion and market resilience. The company offers an API-First Platform that facilitates collaboration between central banks and fintechs, ensuring embedded regulatory compliance and enabling the integration of central bank digital currencies. EMTECH's cloud-based software suite includes digital regulatory sandboxes, digital cash solutions, and cross-border currency integrators, empowering central banks to upgrade their operations and boost efficiency in the Web3 era.

Farmz2U

Seed Round in 2023
Farmz2U is an infrastructure company focused on empowering smallholder farmers to operate at a commercial scale. It provides a comprehensive farming management system that automates agricultural production, enhancing yield and profitability. The company's platform includes a web application that offers digital extension services, guiding farmers through all stages of the farming process, from pre-farming to post-harvest. By delivering tailored agricultural expertise and facilitating market access, Farmz2U enables smallholder farmers to improve their production capabilities and connect more effectively with the market. Through its support, the company aims to enhance local farm production and strengthen the agricultural sector.

Terragon

Series B in 2023
Terragon is a prominent data and marketing technology company headquartered in Lagos, Nigeria, with additional offices in Kenya, South Africa, Ghana, and India. The company specializes in providing enterprise marketing software that aids businesses in customer acquisition and sales management. By leveraging a combination of online and offline data, along with predictive scoring, Terragon enables brands, marketing agencies, and platforms to effectively target consumers across various channels and devices. Their solutions allow for the collection, aggregation, and monetization of first-party data directly from customers, ensuring that advertising efforts are data privacy compliant and do not depend on third-party cookies. This approach empowers businesses to gain insights into consumer behavior and enhance their digital marketing strategies while measuring the effectiveness of their campaigns.

Craydel

Pre Seed Round in 2023
Craydel is an educational information platform dedicated to enhancing the experience of students and working professionals in Africa as they explore higher education opportunities. The platform offers a comprehensive selection of undergraduate, postgraduate, and vocational programs from reputable universities and colleges across 15 countries. Users can easily compare various academic options, including degrees, diplomas, and online certificate programs, which allow them to assess their interests before committing to a specific career path. By providing verified information about institutions and their tuition fees, Craydel enables individuals to make informed decisions that align with their career goals, personal preferences, academic performance, and financial considerations.

ORDA

Seed Round in 2022
ORDA is a cloud-based restaurant operating system built for African chefs and food business owners. ORDA's ePos, integrations, and lending solutions enable Africa’s millions of food business owners to scale and grow their business. The company was founded in 2020 and is based in Lagos, Nigeria.

Cutstruct

Pre Seed Round in 2022
Cutstruct operates a technology-driven platform designed to enhance the efficiency and cost-effectiveness of construction projects. The platform serves various construction needs, including price discovery and comparison of materials, optimized procurement processes, and comprehensive project monitoring and management. By facilitating the purchasing of materials, hiring of labor, and overseeing of project logistics, Cutstruct aims to empower construction stakeholders to execute their projects with greater confidence and value. The company's applications are geared towards maximizing the potential of every investment in construction, making it easier for individuals and businesses to navigate the building process.

Craydel

Pre Seed Round in 2022
Craydel is an educational information platform dedicated to enhancing the experience of students and working professionals in Africa as they explore higher education opportunities. The platform offers a comprehensive selection of undergraduate, postgraduate, and vocational programs from reputable universities and colleges across 15 countries. Users can easily compare various academic options, including degrees, diplomas, and online certificate programs, which allow them to assess their interests before committing to a specific career path. By providing verified information about institutions and their tuition fees, Craydel enables individuals to make informed decisions that align with their career goals, personal preferences, academic performance, and financial considerations.

SecondSTAX

Pre Seed Round in 2022
SecondSTAX is a technology-driven platform that facilitates intra-continental equity trading across Africa. It develops a capital market platform that serves as a gateway for accessing and trading debt and equity securities on various African bonds and stock exchanges. The platform is designed to support both business-to-business securities trading and business-to-consumer retail operations. By providing a robust infrastructure, SecondSTAX enables clients to engage in capital markets activities while ensuring compliance with local regulations. This innovative approach aims to enhance the efficiency and accessibility of trading in the African financial markets.

Omnibiz

Seed Round in 2022
Omnibiz is a B2B e-commerce platform based in Lagos, Nigeria, founded in 2019. It specializes in serving FMCG manufacturers, distributors, and retailers by digitizing the supply chain to enhance operational efficiency. The platform offers tools that improve reliability, visibility, and financial capability for local businesses. Its software features order tracking and integrated payment options, enabling seamless transactions and helping businesses navigate the complexities of the modern market. Omnibiz is dedicated to supporting local enterprises in achieving their goals through an optimized supply chain framework.

Nandi Labs

Seed Round in 2022
Nandi Labs is a web3 studio focused on leveraging technology to empower Black culture and its creators. The company aims to create a sustainable ecosystem that fosters talent through innovative platforms for creator payments and content distribution. By utilizing web3 applications and tokens, Nandi Labs seeks to support Black and African creators in building a new digital economy centered around art and culture. Their unique initiative, Digital FESTAC, combines real-world and metaverse experiences, encouraging creativity and collaboration among storytellers. Through this immersive approach, Nandi Labs strives to redefine the landscape of creativity and ownership, enabling Black dreams to thrive.

Youverify

Seed Round in 2022
Youverify Inc. is a technology company founded in 2017 and based in Lewes, Delaware, specializing in identity verification solutions. The company's flagship product, Youverify, enables businesses and individuals to confirm user identities and physical addresses through advanced AI technology. It verifies identity documents by comparing them with facial biometrics and cross-checks this information against over 300 local and global databases. Youverify also collaborates with more than 20,000 field verification officers across Sub-Saharan Africa, ensuring physical address verification within 48 hours. By providing a single API for identity and address verification, Youverify addresses the challenges in Africa's digital landscape, offering a secure platform for background screening that includes identity fraud detection, encrypted data privacy, and risk assessment capabilities.

FoondaMate

Seed Round in 2022
FoondaMate is a developer of a chatbot platform designed to enhance educational access for students in developing countries. Utilizing popular messaging services like Facebook and WhatsApp, the platform delivers study materials, math equations, and past exam papers to matric learners. FoondaMate's innovative approach allows students to obtain quality educational resources despite having limited internet connectivity, thereby supporting their academic success and bridging the educational gap in underserved regions.

TRX

Seed Round in 2022
TRX is a logistics recovery platform that provides a comprehensive solution for third-party logistics (3PL) companies to enhance their operational efficiency. By utilizing advanced processes, automation, software, and artificial intelligence, TRX helps clients maximize asset uptime while effectively managing risk-related expenditures. The platform facilitates connections between logistics companies, drivers, and dispatchers with local mobile mechanics, ensuring timely assistance during vehicle breakdowns. This service enables 3PL firms to redirect capital towards other operational activities while maintaining high safety standards and minimizing downtime risks. Additionally, TRX offers short-term financing options to improve clients' cash flow related to service expenses. The company's strategic partnerships with leading software and hardware providers further bolster its capabilities, positioning TRX as a key player in the evolving transportation industry.

Aladdin

Seed Round in 2022
Aladdin is a neobank that serves small and medium-sized businesses (SMBs) and gig workers in Africa through an integrated digital marketplace. The company offers a comprehensive suite of financial tools, including savings accounts, credit access, secure payment options, cards, and investment opportunities. Aladdin's digital banking application facilitates safe and efficient transactions by connecting users with verified buyers and sellers, while also providing insights into high-demand products and services. Additionally, the platform features an in-built escrow account to ensure secure payments, fostering a trustworthy environment for commercial exchanges. Aladdin not only focuses on financial services but also encourages social interactions within its community, enhancing the overall user experience.

Bamboo

Seed Round in 2022
Bamboo is a digital investment platform based in Lagos, Nigeria, that allows users to buy, hold, or sell stocks listed on the United States and Nigerian stock markets. The platform offers real-time access to stock trading through a mobile application and web interface, making it convenient for users to manage their investments from various devices. By focusing on user-friendly technology, Bamboo aims to simplify the investment process for individuals looking to participate in global financial markets.

Norebase

Pre Seed Round in 2022
Norebase is a company that facilitates business operations in Africa by leveraging technology to simplify the complexities of the market. It specializes in providing intellectual property services that enable businesses to scale across the continent. Norebase offers a streamlined process for setting up and registering trademarks, allowing clients to efficiently upload necessary documentation and obtain a registered company along with a tax identification number. This approach reduces the hassle and risks associated with doing business in Africa, supporting clients in building and expanding their enterprises globally.

Omnibiz

Seed Round in 2022
Omnibiz is a B2B e-commerce platform based in Lagos, Nigeria, founded in 2019. It specializes in serving FMCG manufacturers, distributors, and retailers by digitizing the supply chain to enhance operational efficiency. The platform offers tools that improve reliability, visibility, and financial capability for local businesses. Its software features order tracking and integrated payment options, enabling seamless transactions and helping businesses navigate the complexities of the modern market. Omnibiz is dedicated to supporting local enterprises in achieving their goals through an optimized supply chain framework.

Ash

Seed Round in 2022
Ash is a leading at-home health testing platform expanding care to reach those most in need. Working closely with our partners, we tailor end-to-end testing solutions that meet the unique needs of any health organization’s population. Our strength comes from our unmatched understanding of people—whether that means learning the best ways to reach them or innovating a new way to keep them connected and cared for. We use our deep knowledge to develop field-tested best practices that engage hard-to-reach patients and members where they are. Because when people come first, better health outcomes are possible for all.

Kwely

Seed Round in 2022
Kwely is an innovative startup that operates an online marketplace platform focused on the B2B sector. It specializes in offering wholesale products with options for customization and white-label solutions through collaborative production among various suppliers. The platform emphasizes quality service throughout the production and delivery processes. By leveraging technology, Kwely ensures accountability and transparency in payments, logistics, and marketing, thereby facilitating business growth for suppliers.

ORDA

Seed Round in 2022
ORDA is a cloud-based restaurant operating system built for African chefs and food business owners. ORDA's ePos, integrations, and lending solutions enable Africa’s millions of food business owners to scale and grow their business. The company was founded in 2020 and is based in Lagos, Nigeria.

Pylon

Seed Round in 2022
Pylon provides water and electricity distribution companies, in emerging markets, with a platform for managing their customers and infrastructure.

All I Do Is Cook

Pre Seed Round in 2022
Adun is a manufacturer of dishes and food products, packaged and delivered to suit modern-day lifestyles. They offer nigerian food, ethnic food, food delivery, direct-to-consumer, consumer packaged goods, and african food.

Voyance

Pre Seed Round in 2022
Voyance is a big data company that leverages machine learning to help businesses make informed predictions about future outcomes. Its platform simplifies data science by acquiring, validating, storing, and securing data while also managing administrative tasks related to data preparation and analysis. This includes cleaning and planning data, as well as generating reports to facilitate stakeholder engagement. Voyance’s technology enables organizations to address critical questions, such as forecasting revenue, detecting fraudulent transactions, and assessing customer churn. The company is currently piloting its services with various institutions, including banks and fintech firms, across Africa and the United Arab Emirates.

Jem

Seed Round in 2022
SmartWage Pty Ltd. is a financial technology company based in Johannesburg, South Africa, that provides innovative payday solutions aimed at enhancing financial wellness for employees. Founded in 2019, SmartWage offers services that allow employees to track their earnings and access their earned salaries on demand. The company also provides salary-packaging administration services to both employers and employees, making it one of the most affordable and accessible options in the South African market. Through its offerings, SmartWage seeks to improve the overall financial well-being of individuals by enabling timely access to earned wages.

Cutstruct

Pre Seed Round in 2022
Cutstruct operates a technology-driven platform designed to enhance the efficiency and cost-effectiveness of construction projects. The platform serves various construction needs, including price discovery and comparison of materials, optimized procurement processes, and comprehensive project monitoring and management. By facilitating the purchasing of materials, hiring of labor, and overseeing of project logistics, Cutstruct aims to empower construction stakeholders to execute their projects with greater confidence and value. The company's applications are geared towards maximizing the potential of every investment in construction, making it easier for individuals and businesses to navigate the building process.

Otida

Pre Seed Round in 2022
Otida is a health technology company that focuses on improving the lives of individuals with diabetes through innovative digital solutions. The company has developed an app that serves multiple roles, including that of a nutritionist, fitness coach, and physician, to assist patients in managing their daily challenges related to diabetes. In addition, Otida offers a glucose monitoring kit designed to provide patients with effective tools for tracking their blood sugar levels. By leveraging digital therapeutics and continuous remote monitoring, Otida aims to help patients reverse diabetes, manage their condition sustainably, and minimize the complications associated with the disease. The company's comprehensive approach seeks to empower individuals to regain control over their health and improve their overall well-being.

Otida

Pre Seed Round in 2022
Otida is a health technology company that focuses on improving the lives of individuals with diabetes through innovative digital solutions. The company has developed an app that serves multiple roles, including that of a nutritionist, fitness coach, and physician, to assist patients in managing their daily challenges related to diabetes. In addition, Otida offers a glucose monitoring kit designed to provide patients with effective tools for tracking their blood sugar levels. By leveraging digital therapeutics and continuous remote monitoring, Otida aims to help patients reverse diabetes, manage their condition sustainably, and minimize the complications associated with the disease. The company's comprehensive approach seeks to empower individuals to regain control over their health and improve their overall well-being.

Angel-List

Venture Round in 2022
Heart (interview/feature) 1 Startup + 1 Angel Daily. Simple put a curator of the newest startups and angels. StumbleUpon for Startups and Angels.

AlumUnite

Pre Seed Round in 2022
AlumUnite is a for-profit social enterprise that operates a cloud-based platform designed to connect individuals across Africa through their alumni networks. The platform facilitates the sharing of achievements, interests, projects, and photos among alumni, harnessing the strong community ties inherent in African culture. By promoting crowd-resourcing in education, AlumUnite aims to foster sustainable impact for both alumni and their alma maters, as well as local communities. The initiative leverages the collective strength of these networks to create meaningful social contributions throughout the continent.

Yemaachi Biotechnology

Seed Round in 2022
Yemaachi Biotechnology is a company focused on advancing cancer diagnosis and treatment through innovative technology. Utilizing immunogenomics, bioinformatics, and artificial intelligence, Yemaachi aims to enhance the development of effective strategies for cancer detection and treatment. The company's platform is designed to improve patient outcomes and reduce the economic burden associated with cancer care. By combining these advanced technologies, Yemaachi seeks to provide more effective therapeutic solutions for cancer patients.

Primerli

Pre Seed Round in 2022
Primerli is an e-learning platform focused on delivering high-quality and engaging learning content for consultants and advisors. By utilizing modern standards of structure, storytelling, and production quality, Primerli creates short, creative videos designed to make complex information accessible and enjoyable. The platform specializes in providing concise industry primers that cater to the specific needs of various specializations, helping users efficiently understand different sectors and gain the necessary functional expertise. Through its innovative approach, Primerli aims to enhance the learning experience and improve knowledge acquisition in the consulting field.

Vella Finance

Pre Seed Round in 2022
Vella is a one stop financial OS required for the business growth of every enterprise in Africa. We make cash, spend and treasury management a breeze for businesses by utilising on and off ramps infrastructure to deliver local and cross border collection, payouts and revenue management tools. Through our web and mobile applications, small business owners get a simple yet powerful system that simplifies digital finance, accelerates growth and boosts their earnings.

Rocket Health Africa

Series A in 2022
Rocket Health is a bundled service of The Medical Concierge Group, a licensed and registered clinic, laboratory, and pharmacy. Rocket Health offers telemedicine healthcare services such as doctor consultations, laboratory sample pickups, and medicine delivery.

ShoppingOS

Pre Seed Round in 2022
ShoppingOS is a financial technology company that offers a no-code platform designed for Open Banking payments. By enabling direct account-to-account transactions, it allows consumers to make fast, simple, and secure payments directly from their bank accounts, effectively bypassing traditional card networks. The platform provides a comprehensive suite of merchant payment services, facilitating connections with banks, issuing payouts to vendors or customers, and enabling instant refunds. Additionally, it offers real-time insights and reporting features that help merchants monitor payment statuses and automatically reconcile balances and transactions. This innovative approach streamlines payment operations for merchants, enhancing efficiency and user experience.

Sudo

Pre Seed Round in 2022
Sudo is an API platform established in 2020 and located in Barnawa, Kaduna. The platform enables developers to issue both physical and virtual cards efficiently and at scale, providing enhanced control and flexibility. Sudo's offerings allow for programmatic management of cards, the development of custom features, and secure integration with other services. This functionality empowers clients to create tailored experiences while managing their card issuance process effectively.

EMTECH

Seed Round in 2022
EMTECH is a New York-based fintech company established in 2019, specializing in modernizing central banking infrastructure for enhanced financial inclusion and market resilience. The company offers an API-First Platform that facilitates collaboration between central banks and fintechs, ensuring embedded regulatory compliance and enabling the integration of central bank digital currencies. EMTECH's cloud-based software suite includes digital regulatory sandboxes, digital cash solutions, and cross-border currency integrators, empowering central banks to upgrade their operations and boost efficiency in the Web3 era.

Ando Foods

Seed Round in 2022
The ANDO platform offers an end-to-end technology stack that begins when an order is placed and ends when an order is delivered and guest feedback is collected. The company's technologically advanced commercial kitchens ensure that all food is produced while keeping very sensitive prep times and quality requirements in mind.

DotPay

Pre Seed Round in 2022
DotPay helps hundreds of people quickly and securely make cash withdrawals, transfers, and pay bills. It operates by utilizing network agents that use Dotpay terminals in various locations and offer financial services there and in the neighborhood around the community. DotPay is located in Yaba, Lagos.

Elevate Pay

Pre Seed Round in 2022
Elevate Pay is a financial technology company that specializes in providing digital banking services and products. The company has developed a digital banking application that allows users to open bank accounts online and access fee-free accounts in both local currency and US dollars. Additionally, Elevate Pay offers free remittance services, enabling users to receive international transfers from various countries without incurring fees. The company also issues a free USD Mastercard, facilitating seamless transactions. Through these offerings, Elevate Pay aims to deliver regulated banking services that are innovative, fair, and accessible, ultimately enhancing the financial well-being of its consumers.

MoneyHash

Pre Seed Round in 2022
MoneyHash is a payment orchestration platform that simplifies payment processes for businesses across the Middle East and Africa through a single integration. The company's offerings include a unified API that streamlines both pay-in and pay-out operations, allowing for a customizable checkout experience. It also features transaction routing capabilities equipped with fraud and failure rate optimizers, which help enhance success rates for transactions. Additionally, MoneyHash provides clients with a centralized transaction reporting hub, enabling them to accept a wide range of payment methods and gain comprehensive insights into their transaction activities.

Nawah Scientific

Series A in 2022
Nawah Scientific, founded in 2015 and based in Cairo, Egypt, operates as a core hub for advanced scientific research in natural and medical sciences. The company offers a comprehensive range of analytical services, including chromatographic analysis, bioassays, spectrophotometric analysis, and phytochemical services. It enables researchers to conduct experiments through an online platform that facilitates the booking of high-tech scientific equipment such as dissolution testers and spectrophotometers. This innovative approach allows Nawah's scientists to perform experiments and deliver results online, making world-class research accessible to scientists and universities regardless of their laboratory capabilities. In its first three years, Nawah analyzed over 10,000 samples for numerous institutions across the MENA region, Malaysia, the UK, and Switzerland. Additionally, the company provides training courses in advanced techniques, further supporting the scientific community.

Nestcoin

Pre Seed Round in 2022
Nestcoin is a web3 application company that specializes in creating, operating, and investing in crypto-native products. The firm develops cryptocurrency investment software that allows investors to construct and invest in products focused on the digital asset space. Its offerings encompass a wide range of sectors, including decentralized finance, media, digital art, and gaming. By enabling clients in the crypto markets to access tailored crypto solutions, Nestcoin aims to enhance the investment experience for users interested in cryptocurrency.

Bamboo

Series A in 2022
Bamboo is a digital investment platform based in Lagos, Nigeria, that allows users to buy, hold, or sell stocks listed on the United States and Nigerian stock markets. The platform offers real-time access to stock trading through a mobile application and web interface, making it convenient for users to manage their investments from various devices. By focusing on user-friendly technology, Bamboo aims to simplify the investment process for individuals looking to participate in global financial markets.

Jem

Pre Seed Round in 2022
SmartWage Pty Ltd. is a financial technology company based in Johannesburg, South Africa, that provides innovative payday solutions aimed at enhancing financial wellness for employees. Founded in 2019, SmartWage offers services that allow employees to track their earnings and access their earned salaries on demand. The company also provides salary-packaging administration services to both employers and employees, making it one of the most affordable and accessible options in the South African market. Through its offerings, SmartWage seeks to improve the overall financial well-being of individuals by enabling timely access to earned wages.

Touch and Pay

Venture Round in 2022
Touch and Pay Technologies specializes in providing digital payment and transaction services through innovative use of Near Field Communication (NFC) technology. The company’s platform facilitates financial inclusion by digitizing and processing mobile payments, enabling both online and offline transactions. It addresses the challenges faced by businesses of varying sizes by streamlining processes such as payment settlement, registration, collection, and tracking of payments made in the field. Touch and Pay Technologies offers a comprehensive dashboard and reporting system that ensures full visibility into all transactions, thereby enhancing reliability in cashless payments. By integrating these digital services, the company aims to create a more efficient and appealing market for its users.

Paps

Seed Round in 2022
Paps is a transport and logistics company based in Dakar, Senegal, founded in 2016. It provides innovative distribution and delivery solutions for businesses and merchants through its e-commerce platform, which allows real-time scheduling and tracking of deliveries. Paps specializes in the transportation of documents and parcels, secure storage, and the insured delivery of packages either to relay points or through last-mile services. The company’s logistics application features live tracking, an intelligent address system, and automatic dispatch, ensuring a fully digitalized postal logistics service that facilitates timely movement of shipments. Additionally, Paps offers professional services, including cash on delivery management, courier provision, return management, collection, and periodic reporting, catering to a wide range of logistical needs.

ORDA

Pre Seed Round in 2022
ORDA is a cloud-based restaurant operating system built for African chefs and food business owners. ORDA's ePos, integrations, and lending solutions enable Africa’s millions of food business owners to scale and grow their business. The company was founded in 2020 and is based in Lagos, Nigeria.

Gahez Market

Pre Seed Round in 2022
Gahez Market is an e-commerce company that focuses on providing wholesale services to local shops and merchants. It operates a B2B marketplace platform that connects traders with a wide variety of clothing and footwear products at competitive prices. By acting as an intermediary, Gahez facilitates the delivery of these goods, allowing merchants to improve their profit margins and reach new customer segments. The platform is supported by electronic content and a mobile application, making it easier for retailers to access and manage their wholesale purchases effectively.

Verofax

Seed Round in 2022
Verofax is a provider of asset digitization and tracing solutions, focusing on enhancing productivity and compliance for businesses across various sectors, including pharmaceuticals, valuables, and food. The company's platform offers services that improve traceability and brand protection through features such as serialization and anti-counterfeiting systems. By addressing issues like counterfeit products, tampering, and inventory diversion, Verofax aims to foster trust among consumers. Additionally, the platform facilitates secure transaction validation, ensuring that every step in the supply chain is monitored and verified. With a commitment to improving consumer satisfaction and operational integrity, Verofax offers a comprehensive solution for businesses seeking to enhance their product safety and authenticity.

EPUMP

Venture Round in 2022
EPUMP, developed by Africania Computers Ltd, is a Decision Support System designed for the gas station industry. This platform offers cloud-based forecourt automation services, enabling real-time monitoring of sales and operations. EPUMP measures, tracks, manages, and controls fueling expenditures, providing an alternative payment system and enhancing customer services. By streamlining day-to-day fueling transactions, EPUMP benefits both station owners and customers, effectively addressing the need for improved energy automation in the sector.

HotPod

Seed Round in 2022
HotPod is a managed kitchen network that supports restaurants and food entrepreneurs in expanding into new markets with reduced risk. The company provides essential kitchen space and infrastructure, enabling food businesses to operate more efficiently. HotPod also runs dedicated delivery and pick-up-only hubs, which facilitate the growth of delivery services for its clients. By offering these resources, HotPod helps restaurants streamline their operations and pursue profitable expansion opportunities without the burdens typically associated with entering new markets.

WellFound

Venture Round in 2022
WellFound is an online job portal based in New York, established in 2010, that connects startups and tech companies with job seekers. Originally known as AngelList Talent, it aims to assist innovators in finding their ideal teams, regardless of geographic location. In addition to facilitating job placements, WellFound serves as a platform for startups to engage with accredited investors for capital raising, creating a comprehensive ecosystem for both employment and investment in the startup sector. The platform caters to the needs of startups, angel investors, and individuals seeking employment in the dynamic startup landscape.

Wave Mobile Money

Venture Round in 2022
Wave Mobile Money is a financial technology company focused on providing app-based solutions for saving, transferring, and borrowing money in Africa. With a mission to create the first cashless continent, Wave aims to address the challenge of limited access to banking services, as less than 10% of the African population has a bank account. The company is developing an inclusive financial network that offers no account fees and allows for instant transactions, making it accessible to a broader audience. By leveraging technology, Wave is creating affordable financial services that enable individuals to manage their money effectively, thereby fostering economic empowerment and contributing to poverty alleviation. Its platform supports various services, including deposits, withdrawals, bill payments, and money transfers, facilitating cashless transactions for users and businesses alike.

Ceviant

Venture Round in 2022
Ceviant Finance specializes in cloud-based treasury and payment automation solutions. The company provides a comprehensive platform designed to enhance cash and treasury management for businesses. Its offerings include services such as cash liquidity management, virtual accounts, receivables management, electronic invoicing, and working capital loans aimed at facilitating international trade. By enabling businesses to manage multiple bank accounts and centralize their payment processes, Ceviant Finance helps streamline financial operations and improve efficiency in cash forecasting and trade financing.

Tazah Technologies

Seed Round in 2021
Tazah Technologies is an agricultural marketplace focused on enhancing the food and agriculture supply chain in Pakistan. The company aims to improve the lives of producers, businesses, and consumers by developing a technology-enabled operating system that connects farmers directly to businesses. Through its platform, Tazah offers transparent pricing, standardized quality, and the convenience of mobile application orders. This approach seeks to make the global food and agricultural value chain more efficient, transparent, and reliable, ultimately benefiting all stakeholders involved.

SimpliFi

Venture Round in 2021
SimpliFi is a company dedicated to democratizing payments by creating a leading Cards as a Service (CaaS) platform tailored for the MENA region and Pakistan. The platform streamlines the card issuance process, managing the entire end-to-end workflow that includes partner collaboration with banks, schemes, and processors. It also addresses identity verification, fulfillment, and delivery while providing a specialized technology stack that further handles card operations and compliance. By simplifying these complexities, SimpliFi allows its clients to concentrate on their core business activities, thus enhancing their operational efficiency in the financial services sector.

Koniku

Series A in 2021
Koniku Inc. is a neurotechnology company based in Berkeley, California, that specializes in the development of co-processors made from biological neurons. Founded in 2015, the company has created innovative technology that enables computers to detect odors, effectively allowing them to "smell." This capability is embodied in the Konikore, a smell processor that can analyze human breath and other bodily fluids to identify diseases before they manifest. Koniku's platform integrates odor positioning and surveillance systems which mimic the sensitivity of biological systems, facilitating applications in healthcare, security, industrial monitoring, and food safety. By leveraging machine learning alongside chemical data collection, Koniku aims to transform everyday environments, such as bathrooms, into data centers that predict health outcomes based on volatile organic compounds.

Naya

Seed Round in 2021
Naya’s platform brings the entire physical product design journey into one digital studio, from prompt to product, allowing teams to 10x their outcomes — speed, cost, and customer love.

Wowzi

Seed Round in 2021
Wowzi is an influencer marketing platform that aims to streamline and automate marketing workflows for brands. It connects everyday social media users, particularly nano and micro creators, with large brands, allowing them to earn money by sharing brand messages on their social networks. The platform enables users to outline detailed marketing campaigns, specifying factors such as timing, channel, budget, and demographic criteria to select suitable influencers. This approach allows small and medium enterprises, multinational corporations, creative agencies, research companies, and NGOs to effectively push brand messages while also gathering valuable consumer insights, ultimately driving commerce in Africa.

Flex Finance

Pre Seed Round in 2021
Flex Finance is a spend management platform specifically designed to assist small and medium-sized enterprises in Africa with managing their finances. Recognizing that a significant number of businesses in the region fail due to inadequate financial management, Flex provides a solution that streamlines expense tracking and budgeting through an intuitive user interface. The platform offers features such as digital requisitions, bulk payment transfers, and comprehensive expense management tools, empowering businesses to digitize their daily operations and better control their spending. With high digital literacy among African businesses and a willingness to adopt digital solutions, Flex Finance aims to enhance financial management practices, ultimately contributing to the sustainability and growth of these enterprises.

Nawah Scientific

Venture Round in 2021
Nawah Scientific, founded in 2015 and based in Cairo, Egypt, operates as a core hub for advanced scientific research in natural and medical sciences. The company offers a comprehensive range of analytical services, including chromatographic analysis, bioassays, spectrophotometric analysis, and phytochemical services. It enables researchers to conduct experiments through an online platform that facilitates the booking of high-tech scientific equipment such as dissolution testers and spectrophotometers. This innovative approach allows Nawah's scientists to perform experiments and deliver results online, making world-class research accessible to scientists and universities regardless of their laboratory capabilities. In its first three years, Nawah analyzed over 10,000 samples for numerous institutions across the MENA region, Malaysia, the UK, and Switzerland. Additionally, the company provides training courses in advanced techniques, further supporting the scientific community.

Sylndr

Pre Seed Round in 2021
Sylndr is an automotive e-commerce marketplace focused on enhancing the used-car market. The company aims to build trust among customers by providing a reliable platform for buying and selling used vehicles. Sylndr offers an extensive selection of high-quality used cars and a variety of financing solutions, positioning itself as the preferred destination for individuals looking to engage in transactions within the used-car sector. Through its innovative approach, Sylndr seeks to ensure transparency and reliability, thereby improving the overall customer experience in the automotive marketplace.

Treepz

Seed Round in 2021
Treepz is a technology-driven transportation company focused on enhancing mobility across Africa. Founded in 2019 and headquartered in Ontario, Canada, Treepz operates in Nigeria, Ghana, Uganda, and Kenya, providing users with a reliable and comfortable commuting experience. Its application allows users to book trips for daily, inter-city, or corporate travel at the tap of a button. The platform offers features such as vehicle assistants, licensed drivers, and e-wallet payments, ensuring that users can book and pay for fast and convenient trips in real-time. Through its innovative approach, Treepz aims to create a safer and more efficient transportation system for commuters in the region.

InstantRad

Seed Round in 2021
InstantRad is a cloud-based platform that facilitates the connection between medical professionals and essential medical images and data required for producing radiology reports. The platform enhances radiology workflows by enabling clinical professionals to perform administrative tasks such as data sharing, accessing teleradiology systems with PAC servers, and obtaining second opinions. InstantRad's services are accessible across various devices, including desktop web browsers, Android tablets and smartphones, as well as Apple's iPads and iPhones. By providing real-time access to radiology scan readings from remote specialists, InstantRad aims to streamline the radiology process for both patients and healthcare providers.

Craydel

Pre Seed Round in 2021
Craydel is an educational information platform dedicated to enhancing the experience of students and working professionals in Africa as they explore higher education opportunities. The platform offers a comprehensive selection of undergraduate, postgraduate, and vocational programs from reputable universities and colleges across 15 countries. Users can easily compare various academic options, including degrees, diplomas, and online certificate programs, which allow them to assess their interests before committing to a specific career path. By providing verified information about institutions and their tuition fees, Craydel enables individuals to make informed decisions that align with their career goals, personal preferences, academic performance, and financial considerations.

Sabi Am

Convertible Note in 2021
Sabi is a B2B network designed to enhance commerce within the informal trade sector. It aims to accelerate the flow of transactions by facilitating connections among stakeholders. The company offers a comprehensive e-commerce logistics infrastructure that serves both micro and small enterprises. Sabi's platform includes features such as digital ledgers for cash management, interfaces for wholesale business-to-business transactions, group buying options, and logistical support. These services are tailored to help merchants access essential tools, reach new customers, improve cash flow, and streamline their logistics processes. Through its innovative approach, Sabi enables businesses to thrive in a competitive marketplace.

Enlumi

Pre Seed Round in 2021
Enlumi builds rewards and consumer data technology that helps businesses build sticky products and services better and faster.

ShipBlu

Seed Round in 2021
ShipBlu is a delivery services platform based in Giza, Egypt, that specializes in e-commerce shipping and fulfillment. Founded in 2021, the company redefines the shipping experience by offering 24-hour delivery along with live tracking capabilities. Utilizing artificial intelligence and machine learning, ShipBlu enhances shipping transparency and compliance, allowing its clients to efficiently deliver products to their customers. The platform focuses on optimizing warehousing and fulfillment services, thereby streamlining the logistics process for e-commerce businesses.

Union54

Seed Round in 2021
Union54 is a debit card issuing API that facilitates the issuance of debit cards for fintech companies and corporates without the need for a bank or credit card processor. Founded in 2020 and based in Lusaka, Zambia, the company provides essential services such as BIN sponsorship, transaction processing, and settlement. This allows software companies to seamlessly integrate debit card services into their offerings. In addition to its core services, Union54 is involved in the development of secure messaging and instant payment systems, providing tools for both civilian and government use. Its software solutions include a messaging application with an integrated wallet and an API for creating chat applications, enabling clients to securely communicate and manage payments.

ILLA

Seed Round in 2021
ILLA is a logistics company based in El Dokki, Egypt, specializing in middle-mile delivery services for fast-moving consumer goods (FMCG) companies. Founded in 2017, ILLA operates an asset-light model that digitizes the delivery process, allowing for comprehensive planning and execution. The company monitors logistics activities to enhance efficiency and drive sales growth for its clients. By connecting FMCG companies with a diverse network of trucks, ILLA provides a dynamic solution that addresses the complexities of delivering products to various retail and non-retail outlets. This approach ensures full control and visibility over the logistics process, enabling clients to navigate daily market challenges effectively.

Nawah Scientific

Seed Round in 2021
Nawah Scientific, founded in 2015 and based in Cairo, Egypt, operates as a core hub for advanced scientific research in natural and medical sciences. The company offers a comprehensive range of analytical services, including chromatographic analysis, bioassays, spectrophotometric analysis, and phytochemical services. It enables researchers to conduct experiments through an online platform that facilitates the booking of high-tech scientific equipment such as dissolution testers and spectrophotometers. This innovative approach allows Nawah's scientists to perform experiments and deliver results online, making world-class research accessible to scientists and universities regardless of their laboratory capabilities. In its first three years, Nawah analyzed over 10,000 samples for numerous institutions across the MENA region, Malaysia, the UK, and Switzerland. Additionally, the company provides training courses in advanced techniques, further supporting the scientific community.

Eden Life

Seed Round in 2021
Eden Life Inc., based in Lagos, Nigeria, specializes in tech-enabled housekeeping services for professionals. Through its online platform and mobile application, the company offers a range of services including laundry, meal preparation, house cleaning, equipment maintenance, and meal delivery. By aggregating vendors offering diverse services, Eden Life enables clients to efficiently manage their household chores.

Mono

Series A in 2021
Mono is a Nigerian company founded in 2020 that specializes in developing a financial data infrastructure application programming interface (API) platform. The company aims to enhance access to financial accounts and improve onboarding and identification processes across emerging markets in Africa. Mono's platform offers a variety of services, including the generation of bank statements, account verification, payment initiation, and credit checks. By providing businesses with secure and efficient access to crucial financial data, Mono empowers organizations ranging from startups to large enterprises, facilitating their ability to thrive and contribute to economic growth in the region.

Payday

Pre Seed Round in 2021
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.

Payday Global

Pre Seed Round in 2021
Payday Global provides a one-stop fin-tech service for its users allowing them to move money freely globally.

Ejara

Seed Round in 2021
Ejara is a mobile investment platform designed specifically for Africa and its diasporas, offering access to a range of investment opportunities, including fractional shares, commodities, and cryptocurrencies. The company has developed blockchain-based software that facilitates the trading of investment products globally, allowing users to invest in various companies and manage their portfolios effectively. Ejara also provides features such as interest-saving accounts, which help users save and grow their investments over time. The platform is aimed at empowering traders by enabling them to track their investment performance and enjoy greater trading flexibility.

Elevate Pay

Pre Seed Round in 2021
Elevate Pay is a financial technology company that specializes in providing digital banking services and products. The company has developed a digital banking application that allows users to open bank accounts online and access fee-free accounts in both local currency and US dollars. Additionally, Elevate Pay offers free remittance services, enabling users to receive international transfers from various countries without incurring fees. The company also issues a free USD Mastercard, facilitating seamless transactions. Through these offerings, Elevate Pay aims to deliver regulated banking services that are innovative, fair, and accessible, ultimately enhancing the financial well-being of its consumers.

Dash

Venture Round in 2021
Dash is building a unified, modern, and accessible alternative payment network for African consumers and businesses. The company was founded in 2020 and is headquartered in New York, United States.

Jatri

Seed Round in 2021
Jatri is a rapidly growing technology company based in Bangladesh that aims to provide reliable transportation solutions accessible to everyone. The company has developed a mobility-as-a-service platform that enhances the reliability and quality of bus systems, enabling commuters to travel more efficiently. Jatri's platform facilitates bus ticketing and tracking, encouraging a shift from private vehicle ownership to a more equitable and accessible public transportation system. By streamlining the journey experience for users, Jatri supports drivers in delivering dependable transport services to commuters, ultimately promoting smarter mobility options within urban environments.

Pylon

Seed Round in 2021
Pylon provides water and electricity distribution companies, in emerging markets, with a platform for managing their customers and infrastructure.

Yemaachi Biotechnology

Pre Seed Round in 2021
Yemaachi Biotechnology is a company focused on advancing cancer diagnosis and treatment through innovative technology. Utilizing immunogenomics, bioinformatics, and artificial intelligence, Yemaachi aims to enhance the development of effective strategies for cancer detection and treatment. The company's platform is designed to improve patient outcomes and reduce the economic burden associated with cancer care. By combining these advanced technologies, Yemaachi seeks to provide more effective therapeutic solutions for cancer patients.

Otida

Seed Round in 2021
Otida is a health technology company that focuses on improving the lives of individuals with diabetes through innovative digital solutions. The company has developed an app that serves multiple roles, including that of a nutritionist, fitness coach, and physician, to assist patients in managing their daily challenges related to diabetes. In addition, Otida offers a glucose monitoring kit designed to provide patients with effective tools for tracking their blood sugar levels. By leveraging digital therapeutics and continuous remote monitoring, Otida aims to help patients reverse diabetes, manage their condition sustainably, and minimize the complications associated with the disease. The company's comprehensive approach seeks to empower individuals to regain control over their health and improve their overall well-being.

Odiggo

Seed Round in 2021
Odiggo is transforming the healthcare sector by automating physician workflows. Using language models, the company is able to automate all administrative tasks and save doctors 3 hours daily on documentation.

Blink

Seed Round in 2021
Blink is a cloud-based enterprise ordering solution that allows restaurants, supermarkets, and cloud kitchens to launch direct-to-consumer online ordering channels. Its SaaS-based solution, which includes a branded ordering website and mobile app, assists brands in growing their orders via an advanced backend dashboard.

CashBackApp

Pre Seed Round in 2021
CashBackApp is a financial technology company that specializes in enhancing customer loyalty for fast-moving consumer goods (FMCG) companies. By partnering with various brands and retailers, CashBackApp enables consumers to earn cashback through M-Pesa on their everyday purchases. The application serves as a platform for FMCG companies to incentivize shoppers by promoting their products and offering rewards. This approach allows clients to deploy promotional offers quickly and efficiently, driving sales through mobile channels while fostering brand loyalty among consumers.

Omnibiz

Seed Round in 2021
Omnibiz is a B2B e-commerce platform based in Lagos, Nigeria, founded in 2019. It specializes in serving FMCG manufacturers, distributors, and retailers by digitizing the supply chain to enhance operational efficiency. The platform offers tools that improve reliability, visibility, and financial capability for local businesses. Its software features order tracking and integrated payment options, enabling seamless transactions and helping businesses navigate the complexities of the modern market. Omnibiz is dedicated to supporting local enterprises in achieving their goals through an optimized supply chain framework.

Raise

Seed Round in 2021
Raise is a financial technology company that offers digital solutions to streamline the fundraising process for startups, founders, investors, and law firms. Its online platform enables users to efficiently manage fundraising efforts, corporate structures, and equity. By automating cap tables and securely storing essential legal documents, Raise allows clients to create data-driven fundraising strategies that clarify company valuation and ownership dynamics before and after capital raises. The platform also facilitates collaboration with potential investors and simplifies the agreement signing process, thereby enhancing decision-making and deal finalization for its users.

RxAll

Seed Round in 2021
RxAll, Inc. is a technology company that specializes in developing an artificial intelligence-driven platform for the authentication and distribution of pharmaceuticals, primarily in Africa. Founded in 2015 and headquartered in New Haven, Connecticut, the company utilizes a deep learning hyperspectral Internet of Things (IoT) platform that incorporates a molecular sensor device and a cloud database of spectral signatures. This innovative approach allows for non-destructive authentication of medications, including prescription and over-the-counter drugs, before they are dispensed. RxAll aims to combat the issue of counterfeit drugs by providing real-time information to pharmaceutical manufacturers about the authenticity of their products. Additionally, the platform facilitates access to authenticated medicines for patients and pharmacies, while also offering tele-pharmacy primary care services.

Akiba Digital

Pre Seed Round in 2021
Akiba Digital is a data and technology company focused on delivering financial intelligence solutions. It develops a financial data aggregator application aimed at assisting users in managing their savings goals and overall financial management. The application provides on-demand insights and visualizations related to savings objectives, along with financial behavioral coaching as part of a premium rewards program. This feature grants users access to personal financial coaching, promoting more efficient utilization of their finances. Akiba Digital's mission is to unlock financial opportunities for consumers, businesses, and society through the use of alternative data.

Archipelo

Seed Round in 2021
The Archipelo Developer Security Posture Management Platform provides organizations with—the underlying system of record to capture SDLC event data tied to developer actions. Archipelo empowers security, GRC, and engineering teams to proactively identify, triage, and mitigate risks before they impact your business. Archipelo seamlessly integrates with developer workflows to ensure automated developer security and compliance.

eBanqo

Seed Round in 2021
eBanqo is a customer engagement software-as-a-service (SaaS) provider that enables organizations to automate their customer-facing services and enhance issue resolution. The platform allows businesses to extend their services across various digital channels, including web chat, in-app chat, social media, USSD, and SMS, facilitating seamless connectivity and prompt resolution of customer inquiries. Leveraging advanced artificial intelligence technology, eBanqo ensures that businesses can deliver consistent and personalized interactions across all platforms, fostering customer loyalty and brand affinity. By offering automated customer support, self-service options, and multi-channel live chat capabilities, eBanqo significantly reduces operational costs while improving customer satisfaction and retention. Its comprehensive approach allows businesses to consolidate their engagement channels into a unified omnichannel platform, enhancing accessibility and responsiveness to customer needs.

Tendo

Pre Seed Round in 2021
Tendo is an online platform based in Accra, Ghana, that facilitates independent reselling by connecting resellers with businesses. Founded in 2019, the company allows individuals to start their own online businesses without the need for upfront capital investment. Tendo sources ready-to-ship products from various suppliers, which are then made available to resellers who can add their profit margins. The platform also provides access to social media tools and enables resellers to list products at wholesale prices, eliminating the challenges of inventory management and transportation. This innovative approach empowers small businesses and individuals to thrive in the digital e-commerce landscape.

Terragon

Venture Round in 2021
Terragon is a prominent data and marketing technology company headquartered in Lagos, Nigeria, with additional offices in Kenya, South Africa, Ghana, and India. The company specializes in providing enterprise marketing software that aids businesses in customer acquisition and sales management. By leveraging a combination of online and offline data, along with predictive scoring, Terragon enables brands, marketing agencies, and platforms to effectively target consumers across various channels and devices. Their solutions allow for the collection, aggregation, and monetization of first-party data directly from customers, ensuring that advertising efforts are data privacy compliant and do not depend on third-party cookies. This approach empowers businesses to gain insights into consumer behavior and enhance their digital marketing strategies while measuring the effectiveness of their campaigns.

MoneyHash

Pre Seed Round in 2021
MoneyHash is a payment orchestration platform that simplifies payment processes for businesses across the Middle East and Africa through a single integration. The company's offerings include a unified API that streamlines both pay-in and pay-out operations, allowing for a customizable checkout experience. It also features transaction routing capabilities equipped with fraud and failure rate optimizers, which help enhance success rates for transactions. Additionally, MoneyHash provides clients with a centralized transaction reporting hub, enabling them to accept a wide range of payment methods and gain comprehensive insights into their transaction activities.

Aladdin

Seed Round in 2021
Aladdin is a neobank that serves small and medium-sized businesses (SMBs) and gig workers in Africa through an integrated digital marketplace. The company offers a comprehensive suite of financial tools, including savings accounts, credit access, secure payment options, cards, and investment opportunities. Aladdin's digital banking application facilitates safe and efficient transactions by connecting users with verified buyers and sellers, while also providing insights into high-demand products and services. Additionally, the platform features an in-built escrow account to ensure secure payments, fostering a trustworthy environment for commercial exchanges. Aladdin not only focuses on financial services but also encourages social interactions within its community, enhancing the overall user experience.

Epic-Contests

Pre Seed Round in 2021
Epic Contests is a social contest platform that specializes in designing unique experiences for users, allowing them to win various rewards while promoting social good. The company provides a marketplace for creators and agencies to curate contests across diverse categories, including travel, sports, music, lifestyle, and family activities. By utilizing a software as a service (SaaS) model, brands and their agencies can leverage Epic Contests' platform to create tailored contests aimed at enhancing customer acquisition, engagement, and retention. Participants can win prizes by registering on the platform and obtaining votes, thus fostering an interactive community around shared interests and experiences.

AlumUnite

Seed Round in 2021
AlumUnite is a for-profit social enterprise that operates a cloud-based platform designed to connect individuals across Africa through their alumni networks. The platform facilitates the sharing of achievements, interests, projects, and photos among alumni, harnessing the strong community ties inherent in African culture. By promoting crowd-resourcing in education, AlumUnite aims to foster sustainable impact for both alumni and their alma maters, as well as local communities. The initiative leverages the collective strength of these networks to create meaningful social contributions throughout the continent.

Metalex Commodities

Seed Round in 2021
Metalex Commodities is a commodity trading company that specializes in the export of metal ores and concentrates. The company was founded in 2020 and is headquartered in Houston, Texas.
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