Raenest is a financial technology company that provides a comprehensive platform for startups and freelancers to manage invoicing and payments across multiple currencies. The company streamlines the process of sending invoices, receiving deposits, and processing payments, allowing users to easily pay contractors, vendors, and freelancers globally. Raenest's services include automated onboarding and verification, as well as the creation of virtual cards, which facilitate efficient coordination of payments while ensuring compliance with tax regulations. By offering fast and cost-effective money transfers, Raenest empowers African individuals and businesses to navigate the complexities of cross-border transactions with ease.
Maad is a leading B2B marketplace based in Dakar, Senegal, focused on serving small retailers and Fast-Moving Consumer Goods (FMCG) brands in Francophone Africa. The company offers a technology-driven platform that allows retailers to efficiently order products from a centralized source. Maad enhances the purchasing experience by providing services such as mobile ordering, reliable delivery, and access to data on real-time product availability and market share. Additionally, the platform offers targeted promotional services and working capital loans, empowering businesses to strengthen their sales and operational capabilities. Through its innovative approach, Maad is positioned as a vital player in the region's e-commerce landscape.
Agel
Pre Seed Round in 2023
Agel is a company focused on transforming the financial services landscape for micro, small, and medium enterprises (MSMEs) by providing a B2B payment platform that offers alternative financing options. Its primary objective is to facilitate and streamline transactions between wholesale and retail merchants, allowing them to access industry-agnostic merchandise credit limits. Agel's services are designed to be digital, cashless, and compliant with Sharia law, thus promoting financial inclusion and sustainability in alignment with the UN Global Sustainable Development Goals and Egypt’s 2030 vision. The company's initiatives aim to empower MSMEs, enhance financial literacy, eradicate the informal economy, and accelerate overall growth in the sector.
Jumba is a construction technology platform based in Nairobi, Kenya, established in 2022. The company focuses on optimizing B2B construction material purchases and financing, serving as a vital link between manufacturers and retailers. Its platform allows businesses to order a range of materials, including cement, steel, paint, tiles, plumbing, electrical supplies, and finishes for kitchens and bathrooms, with the option to pay later. By connecting small hardware stores with medium-sized retailers in their vicinity, Jumba facilitates inventory updates and streamlines the construction supply chain in Africa, making the procurement process more efficient for hardware retail establishments.
Kiri EV is a manufacturer of electric vehicles and charging systems focused on the Kenyan and East African markets. The company offers a range of products, including electric scooters, motorcycles, auto rickshaws, and carriers, featuring advanced technologies such as direct current motors, antilock braking systems, customizable options, removable batteries, and silent operation. Kiri EV aims to challenge the conventional automotive industry in Africa by demonstrating the potential of electric vehicles to transform transportation across the continent. Through their innovative offerings, the company seeks to make electric mobility accessible and affordable for customers, thus playing a significant role in the future of transportation in the region.
agriBORA operates a technology-driven platform focused on enhancing smallholder farming in Africa. The company integrates farming inputs, financial services, and output markets to create an end-to-end ecosystem for farmers. By combining data-driven services and digital tools with human touch, agriBORA aims to reduce risks associated with smallholder agriculture systems, improve farm productivity, and facilitate efficient trading within the sector.
Zuri Health is a telemedicine company based in Nairobi, Kenya, established in 2020. It aims to provide affordable and accessible healthcare solutions through its app, website, and SMS services. The platform allows patients to schedule lab and diagnostic tests, consult with doctors via chat, purchase medications from pharmacies, and arrange home visits with qualified medical professionals. Zuri Health also employs an artificial intelligence-powered chatbot to enhance user experience. By catering to individuals without smartphones and those in rural or underserved areas, the company strives to ensure that healthcare is universally accessible, thereby addressing gaps in the traditional healthcare system.
Jumba
Pre Seed Round in 2022
Jumba is a construction technology platform based in Nairobi, Kenya, established in 2022. The company focuses on optimizing B2B construction material purchases and financing, serving as a vital link between manufacturers and retailers. Its platform allows businesses to order a range of materials, including cement, steel, paint, tiles, plumbing, electrical supplies, and finishes for kitchens and bathrooms, with the option to pay later. By connecting small hardware stores with medium-sized retailers in their vicinity, Jumba facilitates inventory updates and streamlines the construction supply chain in Africa, making the procurement process more efficient for hardware retail establishments.
Orcas Solutions Limited operates an online marketplace that connects parents and students with experienced and reliable private tutors and babysitters in Egypt, Saudi Arabia, and Pakistan. Founded in 2014 and based in Cairo, the company provides a hybrid tutoring platform that offers live tutoring sessions along with personalized learning plans and courses. This approach enables students to receive tailored educational experiences, enhancing their learning and making education more enjoyable. Through its services, Orcas Solutions aims to empower students and support families in finding quality educational and childcare resources.
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.
POSRocket
Venture Round in 2021
POSRocket is a company based in Amman, Jordan, founded in 2016, that specializes in manufacturing cloud-based point-of-sale systems. By replacing traditional cash registers, POSRocket offers merchants an intuitive and user-friendly platform tailored for various sectors, including restaurants, boutique shops, coffee shops, bakeries, salons, spas, and dry cleaners. The system enables business owners to efficiently manage their operations, optimize manpower resources, regulate inventory, and generate comprehensive sales reports. It allows real-time monitoring and management from any device, empowering merchants to enhance their business operations and improve overall efficiency.
ZUMI
Venture Round in 2021
ZUMI is a Kenyan company founded in 2016 that operates an online platform designed to connect wholesalers and retailers in the fashion and beauty sectors. Based in Nairobi, ZUMI empowers retailers, particularly women entrepreneurs, by providing essential technology, logistics, and financial services to help them scale their businesses. The platform facilitates a transparent and affordable marketplace where customers can place orders through SMS, phone calls, or via ZUMI Agents. Each morning, ZUMI collects orders from suppliers, and its logistics partners ensure delivery within 18 hours, allowing customers to pay conveniently using mobile money. Through its innovative approach, ZUMI aims to enhance the retail experience and improve access to products for its users.
Mangwee is a mobile money transfer platform focused on enhancing financial inclusion, particularly in rural areas of Zambia and Africa. The company offers a secure and affordable payment solution that aims to facilitate a cash-light economy. Beyond basic money transfers, Mangwee has developed an ecosystem of applications designed to improve the lives of various demographics, including women, farmers, youths, and the economically disadvantaged. Additionally, the platform features an electronic wallet service tailored for university students, which aims to reduce the cost of mobile money transactions and enables users to transfer funds conveniently via their mobile phones at any time and from any location.
Fuzu
Pre Seed Round in 2020
Fuzu Ltd is an online coaching and recruitment platform founded in 2013 and based in Helsinki, Finland. The company focuses on enhancing career development for users in emerging economies, including regions in Africa, the Middle East, Asia, and Latin America. Fuzu adopts an innovative approach to job-seeking, recruitment, and skill development by providing a mobile-first platform that emphasizes testing and improving users' skills and competencies. It connects job-seekers with employers, offering career planning courses and personalized job recommendations based on individual interests and personality traits. Fuzu aims to engage its users through high-quality content and news, leveraging social networks to enhance career management and facilitate efficient recruiting for employers.
Munjz LLC operates a mobile application that connects customers with licensed handymen for various household services, including plumbing, electrical work, air-conditioning maintenance, cleaning, and furniture assembly. Founded in 2017 and based in Dammam, Saudi Arabia, Munjz offers a proptech solution that provides pre-screened professionals and integrated maintenance services for homes, facilities, and businesses. The platform also features an online marketplace that allows clients to access maintenance services and annual service packages tailored to their needs. This comprehensive approach aims to facilitate the management of household services effectively for all users.
Fuzu Ltd is an online coaching and recruitment platform founded in 2013 and based in Helsinki, Finland. The company focuses on enhancing career development for users in emerging economies, including regions in Africa, the Middle East, Asia, and Latin America. Fuzu adopts an innovative approach to job-seeking, recruitment, and skill development by providing a mobile-first platform that emphasizes testing and improving users' skills and competencies. It connects job-seekers with employers, offering career planning courses and personalized job recommendations based on individual interests and personality traits. Fuzu aims to engage its users through high-quality content and news, leveraging social networks to enhance career management and facilitate efficient recruiting for employers.
Dryve
Funding Round in 2020
Dryve is Egypt’s first and leading marketplace connecting car owners with individuals and businesses seeking mobility solutions. Launched in 2018, the company allows car owners to earn additional income by lending their vehicles while providing renters access to a diverse fleet of over 3,500 cars, significantly surpassing traditional rental services. Dryve offers both car rentals for various occasions and a premium limo-hailing service called Ryde, which provides customizable chauffeured transportation. To enhance its offerings, Dryve has partnered with Allianz to introduce innovative insurance options, including a unique 'Pay As You Drive' policy and a digital claims process, marking a significant advancement in the region's car rental market. The platform prioritizes safety and convenience, catering to users' needs whether they require a vehicle for a weekend trip or regular transportation.
Pezesha
Seed Round in 2020
Pezesha is a digital financial marketplace based in Nairobi, Kenya, founded in 2016. The company focuses on connecting small and medium-sized businesses (SMBs) to various financial resources, including working capital, float financing, and LPO financing. By leveraging credit and data analytics, Pezesha facilitates affordable credit options for underserved micro-businesses, enabling them to access the formal financial system. The platform serves as a bridge between lenders and low-income borrowers, promoting a shared economy and broadening financial access for SMBs. Through its innovative approach, Pezesha aims to be a leading player in Africa's digital financial landscape, enhancing the growth potential of small businesses across the region.
QiDZ LLC is a mobile application developer based in Dubai, United Arab Emirates, established in 2017. The company offers a platform that connects parents with a variety of entertainment, educational, and after-school vendors. Through its application, users can discover and book fun and educational activities, deals, and dining options tailored for families. This service allows parents to efficiently find and plan engaging experiences for their children, while also providing vendors with a targeted audience to promote their offerings. The platform serves as a comprehensive resource for families seeking enjoyable and enriching activities for kids of all ages.
Mntrni is a mobile application founded in 2017, based in Jeddah, Saudi Arabia, that facilitates remote connections between individuals and specialists across various fields. The application offers mentoring services targeted at individuals, businesses, and young people, available on both Android and iOS platforms. Mntrni's platform focuses on providing a technical space for users to communicate with reliable experts, enabling them to receive guidance and advice for personal and professional development. Additionally, the app includes features such as date reminder appointment booking, online meeting capabilities, and appointment confirmation notifications, aiming to enhance the user experience and streamline access to valuable consultancy services.
Munjz LLC operates a mobile application that connects customers with licensed handymen for various household services, including plumbing, electrical work, air-conditioning maintenance, cleaning, and furniture assembly. Founded in 2017 and based in Dammam, Saudi Arabia, Munjz offers a proptech solution that provides pre-screened professionals and integrated maintenance services for homes, facilities, and businesses. The platform also features an online marketplace that allows clients to access maintenance services and annual service packages tailored to their needs. This comprehensive approach aims to facilitate the management of household services effectively for all users.
Shezlong
Seed Round in 2019
Shezlong is an online mental health platform based in Cairo, Egypt, established in 2014. It is recognized as the first and largest online psychotherapy service targeting Arabic-speaking individuals, primarily in the MENA region but also serving clients in over 85 countries worldwide. The platform connects users with licensed therapists through video sessions, ensuring privacy and convenience. Shezlong offers a comprehensive range of services, including access to informative blogs, psychometric assessments, and personalized therapist recommendations, all designed to support users in their mental wellness journey. With a network of over 350 therapists, Shezlong aims to empower both clients and mental health professionals, making professional counseling accessible and integrated into users' daily lives.
Taskty.com
Seed Round in 2019
Taskty.com is an online marketplace based in Egypt that connects users with individuals and service agencies to fulfill various short-term tasks for both home and business. Founded in 2012, the platform offers a diverse range of services, including translation, copywriting, graphic design, event photography, house maintenance, and private nursing. Additionally, Taskty provides access to a variety of household services, such as housekeeping, pest control, plumbing, carpentry, and electrical work, allowing customers to select providers based on their specific needs and budget.
Caramella
Seed Round in 2019
Caramella is a Saudi Arabian startup that has developed an innovative online platform for publishing social media content and blogging. The platform allows users to create and share articles and posts with ease, featuring over 80 templates that cater to various styles and topics. Caramella's offerings encompass a wide range of subjects, including products, technology, healthcare, marketing, and travel, providing readers with access to informative content and the latest news. The company's focus on user-friendly design and powerful features positions it as a modern solution for content creators looking to engage audiences effectively.
POSRocket
Seed Round in 2019
POSRocket is a company based in Amman, Jordan, founded in 2016, that specializes in manufacturing cloud-based point-of-sale systems. By replacing traditional cash registers, POSRocket offers merchants an intuitive and user-friendly platform tailored for various sectors, including restaurants, boutique shops, coffee shops, bakeries, salons, spas, and dry cleaners. The system enables business owners to efficiently manage their operations, optimize manpower resources, regulate inventory, and generate comprehensive sales reports. It allows real-time monitoring and management from any device, empowering merchants to enhance their business operations and improve overall efficiency.
Shroo7 is an educational technology company based in Saudi Arabia, founded in 2016. It specializes in developing an online learning platform that offers a range of educational tools and resources. The platform provides students with access to on-demand video courses and recorded lectures across various subjects, catering specifically to Arabic-speaking audiences. By focusing on quality and safety, Shroo7 aims to enhance productivity and knowledge acquisition among learners, positioning itself as a valuable resource in the realm of online education.
Diool is a financial services platform based in Douala, Cameroon, founded in 2015. It facilitates digital financial transactions for businesses, enabling them to collect payments on invoices, reconcile received funds, and make payments to suppliers. The platform supports various settlement methods, including cash at mobile money agents, mobile money, bank wires, and instant payments. Additionally, Diool provides features for funds transfer to third parties, which can be executed in single or bulk transactions. By leveraging agent banking and mobile banking models, Diool aims to streamline the treasury management process for African businesses, enhancing their capability to conduct financial operations efficiently.
BeneFactors
Seed Round in 2019
BeneFactors Ltd. is a factoring company based in Kigali City, Rwanda, established in 2017. The company specializes in providing tailored working capital solutions to small and medium-sized enterprises (SMEs) in the region. BeneFactors facilitates access to immediate cash by allowing businesses to sell their future payments from buyers, such as pending invoices and purchase orders, to the company. This service helps firms maintain liquidity, enabling them to continue operations and accept new clients without being hindered by delayed payments from their buyers. Through its offerings, BeneFactors plays a vital role in supporting the growth and sustainability of SMEs in Rwanda.
7keema is a home-based nursing services provider based in Nasr City, Egypt, founded in 2017. The company specializes in offering a wide range of nursing services, including basic care, post-intensive care, hospice care, elderly care, and post-pregnancy support. It also addresses specific needs such as catheter care, wound care, child care, and vaccinations for children. 7keema emphasizes quick, safe, and efficient service delivery, ensuring that patients receive professional care tailored to their individual needs. In addition to its nursing services, the company is developing a home nursing application to enhance service accessibility and efficiency.
ZUMI is a Kenyan company founded in 2016 that operates an online platform designed to connect wholesalers and retailers in the fashion and beauty sectors. Based in Nairobi, ZUMI empowers retailers, particularly women entrepreneurs, by providing essential technology, logistics, and financial services to help them scale their businesses. The platform facilitates a transparent and affordable marketplace where customers can place orders through SMS, phone calls, or via ZUMI Agents. Each morning, ZUMI collects orders from suppliers, and its logistics partners ensure delivery within 18 hours, allowing customers to pay conveniently using mobile money. Through its innovative approach, ZUMI aims to enhance the retail experience and improve access to products for its users.
AgroCenta
Seed Round in 2018
AgroCenta, founded in 2015 by Francis Obirikorang and Michael K. Ocansey, is an agri-tech company focused on enhancing the agricultural value chain in Ghana. The company addresses significant challenges faced by smallholder farmers, including limited market access and inefficient logistics. By offering an online sales platform, AgroCenta enables farmers to connect directly with national markets, ensuring they achieve fair prices for their commodities while minimizing exploitation by middlemen. The platform also features real-time commodity pricing and access to credit facilities, empowering farmers to make informed decisions about their sales. To tackle logistical issues, AgroCenta has developed TrucKR, a solution that allows farmers in remote areas to hire trucks quickly and conveniently for transporting their goods. Through these innovations, AgroCenta is transforming the agricultural landscape in Ghana by leveraging technology to improve the livelihoods of smallholder farmers.
SmartCrowd
Non Equity Assistance in 2018
SmartCrowd is a real estate investment platform based in the UAE that simplifies access to the local real estate market through a user-friendly online portal. The company allows investors to purchase fractional shares in properties, enabling them to build diversified portfolios with lower minimum investments and reduced risks compared to traditional property ownership. This approach eliminates the need for extensive research and management of vacant properties, saving time and costs. SmartCrowd is regulated by the Dubai Financial Services Authority (DFSA).
Medsaf is a pharmaceutical platform based in Lagos, Nigeria, that specializes in the delivery of medications to hospitals, pharmacies, and clinics. Founded in 2014, the company offers a range of products, including antacids, antiviral drugs, antiseptics, vaccines, and vitamin supplements, with a focus on making these medications accessible and affordable. Medsaf leverages advanced technologies to enhance the efficiency, safety, and transparency of the pharmaceutical supply chain, incorporating blockchain solutions for tracking and tracing products. Additionally, the company provides a comprehensive service that connects healthcare providers with vetted suppliers and logistics partners, while also offering financing options to facilitate medication procurement. Through its embedded finance platform, Medsaf supports patients and healthcare providers in managing their medication costs effectively.
Edves Limited is a company that specializes in developing school management software aimed at automating various educational processes. Founded in 2016 and based in Lagos, Nigeria, Edves provides a comprehensive platform that addresses enrollment, payment processing, e-learning, and performance analytics for K-12 schools. Serving over 1,700 schools across 11 countries in Africa, the software facilitates online learning through features such as e-books, video tutorials, and virtual classrooms. Additionally, it offers tools for school administrators to track fee defaulters, generate reports, and monitor student performance, thereby enhancing the overall educational experience and operational efficiency of institutions.
AgroCenta
Seed Round in 2018
AgroCenta, founded in 2015 by Francis Obirikorang and Michael K. Ocansey, is an agri-tech company focused on enhancing the agricultural value chain in Ghana. The company addresses significant challenges faced by smallholder farmers, including limited market access and inefficient logistics. By offering an online sales platform, AgroCenta enables farmers to connect directly with national markets, ensuring they achieve fair prices for their commodities while minimizing exploitation by middlemen. The platform also features real-time commodity pricing and access to credit facilities, empowering farmers to make informed decisions about their sales. To tackle logistical issues, AgroCenta has developed TrucKR, a solution that allows farmers in remote areas to hire trucks quickly and conveniently for transporting their goods. Through these innovations, AgroCenta is transforming the agricultural landscape in Ghana by leveraging technology to improve the livelihoods of smallholder farmers.
Tupuca is Angola's first all-in-one delivery platform, designed to facilitate on-demand ordering of a wide variety of goods and services. It primarily operates a food delivery application that connects users with multiple restaurants, offering a diverse selection of meal options. Beyond just food delivery, Tupuca's platform also allows users to contribute to social causes by enabling meal donations to non-profit organizations, making it possible for users to share their meals while serving the community. This innovative approach positions Tupuca as a key player in enhancing accessibility to food and supporting charitable initiatives within Angola.
Democrance
Seed Round in 2017
Democrance is an insurance technology company founded in 2015 and based in Dubai, United Arab Emirates. It specializes in developing software that allows insurers and insurance brokers to distribute, service, and administer a range of insurance products, including micro-insurance, in the Middle East and Northern Africa. The company's platform aims to democratize access to insurance by providing affordable life and health insurance options to underinsured and uninsured populations in emerging markets. Through its innovative technology, Democrance enables individuals to purchase insurance via mobile phones, enhancing accessibility for low-income families and addressing the needs of underserved communities.
Medsaf is a pharmaceutical platform based in Lagos, Nigeria, that specializes in the delivery of medications to hospitals, pharmacies, and clinics. Founded in 2014, the company offers a range of products, including antacids, antiviral drugs, antiseptics, vaccines, and vitamin supplements, with a focus on making these medications accessible and affordable. Medsaf leverages advanced technologies to enhance the efficiency, safety, and transparency of the pharmaceutical supply chain, incorporating blockchain solutions for tracking and tracing products. Additionally, the company provides a comprehensive service that connects healthcare providers with vetted suppliers and logistics partners, while also offering financing options to facilitate medication procurement. Through its embedded finance platform, Medsaf supports patients and healthcare providers in managing their medication costs effectively.
Jamii Africa
Seed Round in 2016
Jamii Africa is a provider of mobile micro-health insurance tailored for the informal sector and low-income individuals. The company has developed a mobile policy management platform that automates 99% of insurance administration tasks, significantly reducing operational costs. Through strategic partnerships with an insurer and a telecommunications provider, Jamii Africa facilitates cashless transactions for premium collections and benefit payouts using mobile money platforms. Their insurance offerings include a variety of policies designed to provide access to numerous hospitals, ensuring that clients receive affordable health coverage that meets their specific needs. By streamlining processes and leveraging technology, Jamii Africa aims to make low-cost health insurance more accessible to underserved populations.
iNuka Pap
Seed Round in 2016
iNuka Pap Limited is a Nairobi-based company established in 2014 that operates a mobile platform designed to provide instant financial services to members of savings and credit co-operatives (SACCOs) and microfinance institutions (MFIs) across Africa. The company's proprietary platform enables users to access short-term cash advances and other consumer services, such as prepaid electricity, airtime, and insurance. This service aims to help members address small cash emergencies quickly and conveniently, allowing them to manage their financial needs anytime and anywhere.
Giraffe
Seed Round in 2016
Giraffe is a recruitment company based in South Africa that specializes in connecting small businesses with medium-skilled job candidates across various sectors. These sectors include accounting and finance, retail, marketing, banking, healthcare, construction, and more. Giraffe's platform offers a wide range of job positions, such as accounts/bookkeeper, customer service representative, data capture clerk, driver, and security guard, among others. In addition to job placement, Giraffe provides essential background verification services, including criminal, credit, education, and reference checks for potential employees. By leveraging technology, Giraffe aims to simplify the recruitment process for both employers and job seekers.
GiftedMom
Seed Round in 2014
GiftedMom is the first mobile health platform in Central Africa, which uses low cost technologies to improve the health conditions of pregnant women and new borns in under served and disconnected communities. The GiftedMom project was started by a group of Medical and engineering students, Medical Doctors, health and community workers, with vision to reduce maternal mortality rates (Millennium Development Goal 5) as well as infant Mortality rates (MDG 4) in Cameroon. The project comprises a Web and Mobile platform, SMS Services and Google Fusion Tables, all aimed at divulging important information on the proper management of pregnancy, and a healthy follow up of newborns.
Jamii Africa
Seed Round in 2013
Jamii Africa is a provider of mobile micro-health insurance tailored for the informal sector and low-income individuals. The company has developed a mobile policy management platform that automates 99% of insurance administration tasks, significantly reducing operational costs. Through strategic partnerships with an insurer and a telecommunications provider, Jamii Africa facilitates cashless transactions for premium collections and benefit payouts using mobile money platforms. Their insurance offerings include a variety of policies designed to provide access to numerous hospitals, ensuring that clients receive affordable health coverage that meets their specific needs. By streamlining processes and leveraging technology, Jamii Africa aims to make low-cost health insurance more accessible to underserved populations.