Microtraction

Microtraction is an investment platform that funds Africa’s most remarkable teams with technical founders at the earliest stages of their venture and helps them build enduring companies They identify the best early-stage, growth-driven technology startups with the potential to become billion dollar companies. They get startups to a point where they are impressive enough to raise more funding or join world-class accelerators. Finally, they introduce startups to later stage investors and help them navigate the process of raising a larger round of funding.

Kwamena Afful

Founder and Partner

Yele Bademosi

Founder and Managing Partner

Dayo Koleowo

Principal Investment Officer

81 past transactions

Juicyway

Pre Seed Round in 2024
Juice is a developer of a payment network platform for cross-border business payments for businesses and individuals. It facilitates financial transactions between parties regardless of location to allow enterprises to participate in international trade and the exchange of goods and services.

PBR Life Sciences

Pre Seed Round in 2024
PBR Life Sciences connects businesses with real-world opportunities in life sciences by combining data, technology, and people.

Intron Health

Pre Seed Round in 2024
Intron provides clinical speech recognition for 200+ accents spoken in developing countries starting with Africa, reducing documentation time by 6x so doctors can spend more time with patients

Graph

Pre Seed Round in 2023
Graph is a financial technology platform for businesses which provides access to corporate cards, multi-currency accounts, & global payouts.

Clafiya

Pre Seed Round in 2023
Clafiya connects patients to health practitioners to provide fast and affordable on-demand primary care services in Africa.

Pennee

Pre Seed Round in 2023
Pennee solves cash flow problems for small businesses starting with credit financing.

Famasi

Pre Seed Round in 2023
Famasi is a digital health platform that helps people access their medications, schedule doorstep delivery, and automate monthly refills.

Pade HCM

Pre Seed Round in 2023
Pade HCM is a simple all-in-one solution that helps businesses – large, small, or medium – automate human resource processes.

Gwala

Pre Seed Round in 2023
Gwala is a benefits platform focused on enhancing the financial health and well-being of employees in Africa. The company provides a range of financial products aimed at empowering employees to make informed financial decisions, alleviate financial stress, and maintain better control over their finances. By improving financial wellness, Gwala seeks to boost employee productivity, support talent retention, and contribute to overall economic stability. Additionally, the platform aims to reduce the administrative burden on human resources by offering payroll-linked financial benefits, thereby creating a more efficient workplace environment.

PaidHR

Pre Seed Round in 2023
PaidHR works with organizations to streamline how they manage their staff. Our precisely created solutions enable them to create the ideal place to work.

Zilla

Seed Round in 2023
Zilla is a financial service company that enables Africans to buy now and pay later across online and offline channels at 0% interest rate

Shipbubble

Pre Seed Round in 2023
Shipbubble is a shipping platform that provides shipping and tracking solutions for businesses. It offers a range of features and integrations with popular e-commerce platforms to help businesses streamline their shipping process, including shipping label creation, real-time shipping rates, tracking, and delivery confirmation. By using Shipbubble, businesses can manage their shipping operations from a single platform, making it easier to handle a large volume of orders, and reducing the time and effort required to manage shipping-related tasks.

Mira

Pre Seed Round in 2023
The easiest and fastest way for diners in Africa to order and pay for their food

WiASSUR

Pre Seed Round in 2022
WiASSUR offers an insurance brokerage platform. They also provide insurance services such as school insurance, health insurance, travel insurance, multi risk home insurance, life insurance, transportation insurance, and savings insurance.

FoodCourt

Pre Seed Round in 2022
FoodCourt is an on-demand food delivery application that facilitates the ordering of meals and drinks from a curated selection of virtual restaurant brands and shops. The app aims to enhance accessibility to quality food and convenience items across Africa by leveraging virtual restaurants and dark stores. By focusing on popular food and convenience categories, FoodCourt provides users with a convenient platform to order from a diverse range of delivery brands, ensuring a streamlined and efficient dining experience.

Steward

Pre Seed Round in 2022
Steward is a financial platform dedicated to empowering schools by providing loans for their operational expenses and asset acquisitions. The focus of the organization is to unlock growth opportunities for passionate and ambitious small schools, enabling them to deliver high-quality education to their students.

Novek

Seed Round in 2022
Novek builds IOT technology to completely eliminate single use plastic from FMCG Supply chains.

Clafiya

Venture Round in 2022
Clafiya connects patients to health practitioners to provide fast and affordable on-demand primary care services in Africa.

Norebase

Pre Seed Round in 2022
Norebase is a provider of intellectual property services focused on facilitating business growth in Africa. Recognizing the complexities of the African market, the company leverages technology to streamline the process of establishing and scaling businesses across the continent. Norebase offers services that include the setup and registration of trademarks, enabling clients to upload necessary documents and secure a registered company along with a tax identification number efficiently. This approach allows businesses to operate in Africa with reduced hassle and minimal risk, ultimately supporting their expansion into global markets.

Vesti

Pre Seed Round in 2022
Vesti is a legal immigration and global migration provider that facilitates financial payments and the settlement of migration-related fees. By utilizing artificial intelligence and blockchain technology, Vesti offers a peer-to-peer payment platform that simplifies the process of transferring money and managing financial transactions for migrants. This innovative system enables users to navigate the complexities of migration more effectively, ensuring they can move to new locations with ease while handling necessary financial obligations.

Pivo

Venture Round in 2022
Pivo is a financial hub that allows small & medium businesses across Africa access to all the financial services they need in one place.

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.

SmartComply

Pre Seed Round in 2022
SmartComply is a computer and network security firm that specializes in AI-powered solutions designed to enhance automation, innovation, compliance, and cybersecurity. The company operates an automated compliance platform that accelerates the compliance process, allowing businesses to navigate complex cybersecurity and regulatory requirements efficiently. SmartComply focuses on delivering a streamlined compliance experience that is both cost-effective and user-friendly, making it accessible for a wide range of organizations seeking to meet their compliance needs without incurring excessive expenses.

Abacus

Pre Seed Round in 2022
Abacus is a Financial Service firm offering management services for income, investments and savings.

Bani

Pre Seed Round in 2022
Bani is a Financial Services providing firm offering payment platform for their customers.

Achieve by Petra

Pre Seed Round in 2022
Achieve by Petra is a an investment mobile app offering investment services from anywhere for their users.

Stan

Pre Seed Round in 2022
Stan operates a platform dedicated to helping individuals and organizations build and engage their fanbase. It provides a wealth of resources, including articles, tutorials, and online courses aimed at equipping users with the necessary skills to develop a dedicated following. The platform addresses various facets of fanbase development, such as enhancing visibility, fostering loyalty, and utilizing social media effectively. Additionally, Stan offers insights into audience engagement and artist breakdowns, enabling users to identify and nurture their audiences on a global scale. Through practical advice and educational materials, Stan empowers users to cultivate and sustain a vibrant fan community.

Spark

Pre Seed Round in 2022
Spark is a financial service that offers a fintech platform designed to enhance group purchasing experiences. By allowing users to manage joint accounts, Spark facilitates seamless communication and transactions among contacts during purchases. The platform provides access to discounts on food and household items, enabling groups to save money by ordering together. Users can chat, track transaction records, and manage group funds all in one location, making the purchasing process efficient and user-friendly.

InstantRad

Seed Round in 2021
InstantRad is a platform for connecting medical professionals with the medical images and data needed to produce medical reports. They allow clinical professionals with different image backgrounds to do administrative work like data sharing, teleradiology systems with PAC servers, billing options, and second opinions. They include services for desktop web browsers, Android tablets and smartphones, and apple’s iPads and iPhones.

LemFi

Pre Seed Round in 2021
LemFi is a digital banking platform tailored for immigrants and individuals with international connections. It offers users accounts in their country of residence and origin, facilitating both personal and business banking needs. The platform enables international payments and money transfers to over 20 countries, providing a cost-effective solution with zero transfer fees and multi-currency support. By allowing users to send and receive money without the need for a traditional bank account, LemFi simplifies the money transfer process and helps users avoid high fees typically associated with international transactions.

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.

Bumpa

Pre Seed Round in 2021
Bumpa is a developer of a digital commerce infrastructure platform aimed at transforming the e-commerce landscape for Micro, Small, and Medium Enterprises (MSMEs) across Africa. The platform provides a user-friendly mobile application that enables small business owners to establish an online presence, showcase their products, and securely process payments. Additionally, Bumpa offers features for recording sales data, issuing professional invoices and receipts, and accessing comprehensive financial reports. By equipping sellers with essential tools for managing incoming orders and facilitating digital expansion, Bumpa empowers African entrepreneurs to efficiently start, manage, and grow their businesses from their mobile phones.

Pivo

Pre Seed Round in 2021
Pivo is a financial hub that allows small & medium businesses across Africa access to all the financial services they need in one place.

Treepz

Seed Round in 2021
Treepz is a transportation technology company that aims to improve commuting in Africa. Founded in 2019 and headquartered in Ontario, Canada, it operates in Nigeria, Ghana, Uganda, and Kenya. The company offers a transport-hailing application that provides users with access to various modes of transport, including vehicles, buses, and licensed drivers. This app enables users to book reliable and comfortable trips for daily, inter-city, or corporate commutes with ease. Additionally, Treepz incorporates features such as vehicle assistants and e-wallet payments, allowing for fast and convenient real-time transactions. By leveraging technology, Treepz seeks to create a safer and more efficient transportation system for its users across the continent.

Gamr

Seed Round in 2021
Gamr is an online subscription platform dedicated to enhancing the eSports experience for gamers in Africa. The platform connects gamers with tournament organizers, facilitating participation in virtual competitions and events. It offers features that promote interaction among players and provides coaching services using artificial intelligence and real-time performance data. By focusing on building a robust eSports infrastructure, Gamr aims to advance gaming culture and support the development of future professional players in the region.

Raise

Seed Round in 2021
Raise is a digital platform that simplifies the fundraising process for startups, founders, investors, and law firms. It offers tools to manage corporate structures and equity, allowing users to streamline their fundraising efforts. The platform automates cap table management and securely stores essential legal documents, facilitating future due diligence. By creating a centralized repository for legal and financial information, Raise enables clients to develop data-driven fundraising strategies that clarify company valuation and ownership before and after capital raises. Additionally, it supports the signing of agreements, fostering collaboration between clients and prospective investors to efficiently finalize deals.

Bloc

Pre Seed Round in 2021
Bloc is a FinTech company that specializes in providing Banking as a Service infrastructure. It develops a platform designed to empower fintech businesses by offering proprietary technology, licenses, and certifications. The company aims to simplify compliance complexities while maintaining high standards of product and service quality. Bloc's offerings enable clients to efficiently manage transaction processing, payment collection, aggregation, and reconciliation, thereby enhancing operational efficiency and reducing costs. By focusing on these core functionalities, Bloc supports fintech companies in delivering robust financial solutions to their end customers.

Jamit

Seed Round in 2021
Jamit is a social audio and entertainment platform for listeners to discover the next generation of storytellers and for creators to go from creation to monetization, using the power of Web3. It develops a podcast platform with interactive features and monetization tools for creators to drive listener metrics.

GetEquity

Venture Round in 2021
GetEquity operates a financial platform aimed at democratizing access to private investments. Through its platform, the company facilitates the tokenization and trading of investment products, allowing investors to engage in tokenized equity in listed startups with minimum investments as low as ten dollars. Additionally, GetEquity provides a comprehensive suite of tools that enable users to invest in, organize, and manage their assets efficiently, thereby broadening opportunities for investing in startups from various locations.

ORDA

Pre Seed Round in 2021
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.

ORDA

Seed Round in 2021
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.

TechAdvance

Seed Round in 2021
TechAdvance is a technology company that offers a payment facilitation platform. They specialize in collections, aggregation, reconciliation, and data analytics for the public and private sectors. It is in charge of a number of specialist subsidiaries, including GPay Africa, PayElectricityBills, Advance BancCorp Digital MicroFinance Bank, and others.

Gbedu

Pre Seed Round in 2021
Good music has a new home! Gbedu is not just another music player; Gbedu is a music discovery and streaming service built to dispense the rich sound of Africa. We have built an experience that gives young, upcoming (up and coming) artists the chance to get discovered and earn per stream of their music content. Gbedu will power Africa’s first open music ecosystem - connecting Africans to the largest catalog of free localized content, leveraging the power of playlisting, offline and radio-integration to create new interactions and vast unique music experience per user locale. Music has never been so free and rich at the same time; Gbedu is free to all users and pays every content owner.

CARMACHAIN

Seed Round in 2021
CARMACHAIN LLC operates a credit data marketplace that facilitates access to alternative credit data for lenders. Founded in 2020 and based in Nairobi, Kenya, the company offers a decentralized protocol for data exchange, enabling lending institutions to obtain real-time credit information on a peer-to-peer basis. CARMACHAIN serves a diverse clientele, including banks, credit unions, utilities, retail, and service providers, positioning itself as a valuable resource for organizations seeking to enhance their credit assessment processes.

Raise

Seed Round in 2021
Raise is a digital platform that simplifies the fundraising process for startups, founders, investors, and law firms. It offers tools to manage corporate structures and equity, allowing users to streamline their fundraising efforts. The platform automates cap table management and securely stores essential legal documents, facilitating future due diligence. By creating a centralized repository for legal and financial information, Raise enables clients to develop data-driven fundraising strategies that clarify company valuation and ownership before and after capital raises. Additionally, it supports the signing of agreements, fostering collaboration between clients and prospective investors to efficiently finalize deals.

JamJar

Pre Seed Round in 2021
JamJar is a creative agency that specializes in providing event services, design, and public relations to its clients. The firm focuses on building networks and launching brands through innovative and locally sourced concepts. Its offerings include brand development, vision and concept creation, show production, audiovisual management, project management, equipment rental, travel coordination, and client management. By leveraging a network of skilled professionals, JamJar aims to deliver affordable and effective solutions tailored to the unique needs of its clients.

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.

CARMACHAIN

Pre Seed Round in 2020
CARMACHAIN LLC operates a credit data marketplace that facilitates access to alternative credit data for lenders. Founded in 2020 and based in Nairobi, Kenya, the company offers a decentralized protocol for data exchange, enabling lending institutions to obtain real-time credit information on a peer-to-peer basis. CARMACHAIN serves a diverse clientele, including banks, credit unions, utilities, retail, and service providers, positioning itself as a valuable resource for organizations seeking to enhance their credit assessment processes.

Treepz

Pre Seed Round in 2020
Treepz is a transportation technology company that aims to improve commuting in Africa. Founded in 2019 and headquartered in Ontario, Canada, it operates in Nigeria, Ghana, Uganda, and Kenya. The company offers a transport-hailing application that provides users with access to various modes of transport, including vehicles, buses, and licensed drivers. This app enables users to book reliable and comfortable trips for daily, inter-city, or corporate commutes with ease. Additionally, Treepz incorporates features such as vehicle assistants and e-wallet payments, allowing for fast and convenient real-time transactions. By leveraging technology, Treepz seeks to create a safer and more efficient transportation system for its users across the continent.

Spring in Africa

Seed Round in 2020
Spring in Africa is a fnacial service offering firm that provides banking alternatives to make transection efficient.

Evolve Credit

Pre 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.

Gradely.ng

Seed Round in 2020
Gradely.ng Limited operates a personalized learning platform designed for secondary school students in Nigeria. Founded in 2019 and based in Yaba, the platform utilizes artificial intelligence to provide tailored learning materials, online tutorials, and video lessons. Gradely focuses on exam preparation and offers assessment reporting, tracking, and training tools for teachers, as well as computer-based tests and progress tracking for schools. The platform features weekly adaptive homework tests that enable real-time intervention for learning gaps by recommending specific practice sets, remedial videos, or tutoring based on students' performance. Teachers can quickly set up homework aligned with the WASCCE and Cambridge curricula, and the system generates progress reports for teachers, parents, and schools. Gradely aims to enhance learning outcomes by continuously adapting to students' needs through its data-driven approach.

Prospa

Seed Round in 2020
Prospa is a technology company building the operating system for African entrepreneurs and businesses.

Chaka

Pre Seed Round in 2019
Chaka is a financial technology company focused on facilitating access between African individuals and businesses and global capital markets. It offers a regulatorily compliant digital investment platform that enables users to create trading accounts for transactions in both international and local stock markets. The platform provides access to over 3,000 assets across more than 40 countries, including prominent markets in the United States, China, and the United Kingdom. By allowing users to invest in various financial products such as mutual funds and fixed-income products, Chaka aims to empower clients to manage their wealth and achieve their financial goals efficiently.

tix.africa

Seed Round in 2019
tix.africa is a self-service ticketing platform that enables event creators to design and manage events efficiently. The platform allows users to create events, sell tickets online, and handle admissions through mobile applications. Additionally, it provides a feature for collecting payments from guests using RFID wristbands, facilitating offline transactions. By streamlining the ticketing process, tix.africa helps event organizers reduce costs and maximize revenues while also allowing them to gather detailed data on attendees to enhance the overall guest experience.

Bitsika

Seed Round in 2019
Bitsika is a payment application designed to facilitate instant money transfers across countries, specifically catering to the needs of users in Africa. The app allows individuals to receive money from anywhere in the world without incurring fees. Users can easily sign up using their Google or Apple accounts and create a unique username that begins with a dollar sign. In addition to enabling straightforward money transfers, the application also functions as a digital wallet for social payments, allows for the creation of virtual cards, and provides options for trading bitcoins. This combination of features aims to simplify the process of sending and spending money for its users.

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.

Stack Dx

Seed Round in 2019
Stack Dx is a online platform that connects patients and health professionals to genetic tests.

Accounteer

Seed Round in 2018
Accounteer is a cloud accounting platform for small businesses. Business owner can create invoices, track expenses and follow up on their finances with ease. Accounteer integrates with external services like banks, e-invoicing platforms and e-commerce. Future proof your business today by subscribing for a free Accounteer trial account.

ThankUCash

Pre Seed Round in 2018
ThankUCash is a technology company powering rewards and loyalty for African banks and businesses. ThankUCash helps merchants grow revenue by connecting them to customers within and outside of their locations while retaining acquired customers using a data analytics-powered reward system where customers earn cash rewards for every transaction made both offline and online.

Allpro Technologies

Seed Round in 2018
Their mission is to Facilitate the free flow of finance and data in the school ecosystem.

Spring in Africa

Angel Round in 2018
Spring in Africa is a fnacial service offering firm that provides banking alternatives to make transection efficient.

Buycoins

Pre Seed Round in 2018
BuyCoins is a Nigerian-based cryptocurrency trading platform that allows users to buy, sell, receive, send, and store various cryptocurrencies, including Bitcoin, Ethereum, and USDC. The platform aims to provide a safe and user-friendly experience, facilitating the seamless transfer of value across Africa and beyond. Headquartered in Lagos, BuyCoins serves as a gateway for Africans to engage in cryptocurrency transactions, promoting financial inclusion and accessibility in the digital economy.

Helicarrier

Pre Seed Round in 2017
Helicarrier offers cryptocurrency infrastructure that offers products buycoins, buycoins pro, sendcash, and sendcash pay.
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