Singularity Investments

Singularity Investments is a venture capital firm based in Lagos, Nigeria, with an additional office in the United States. Specializing in start-up and early-stage investments, the firm primarily targets companies in the mobile and web-based services, technology, software, digital infrastructure, and digital media and entertainment sectors. Led by Issam Darwish, a prominent African entrepreneur, Singularity Investments aims to support dynamic entrepreneurs and teams working on disruptive technologies. The firm typically invests between $0.2 million and $2 million, often taking a lead role and securing a board seat in the companies it backs. Focused on the Africa and North American regions, particularly the United States and Canada, Singularity Investments seeks to provide strategic value to its portfolio companies through its extensive network and experience, helping them achieve growth and scale.

Nathan Kelly

Principal Investment Officer

Lexi Novitske

Principal

16 past transactions

Smile ID (formerly Smile Identity)

Series B in 2023
At Smile ID they believe anyone should be able to prove their identity easily, anywhere in the world. Their team is made up of American and African engineers and financial services professionals with experience across global markets in highly regulated environments. They have built encryption, authentication and security solutions. They have developed image processing technology from the chip level up. They have been part of security investigations and have pursued fraudsters. Having worked with, or for, telecoms, lenders, banks and startups, they know the challenges of building world class technology and they understand the needs of the African consumer and enterprise customer. They are backed by leading Silicon Valley & African investors and they have pan-African reach, with representation in the United States, South Africa, Nigeria, Kenya, Ghana and Rwanda.

Flutterwave

Series D in 2022
Flutterwave Inc. is a payments solutions provider that enables businesses globally to process transactions seamlessly. Founded in 2014 and headquartered in San Francisco, the company offers a range of services including Flutterwave Checkout for collecting payments via web and mobile platforms, and Flutterwave API for creating and managing virtual cards, which can be customized with spending limits. Its invoicing feature allows businesses to generate professional invoices, track payments, and manage transactions efficiently. Additionally, Flutterwave provides payment links that facilitate payment collection from customers worldwide. Serving various sectors such as gaming, events, transportation, and hospitality, Flutterwave aims to simplify the payment infrastructure for merchants and payment service providers by offering a comprehensive digital financial platform.

Mines

Series A in 2018
Mines specializes in mobile-money-as-a-service platform built to address the consumer financial services gap in emerging markets. Leveraging partnerships with mobile carriers and financial switches, along with a technology stack built around artificial intelligence, cloud, and mobile technologies, the company offers banks a plug-and-play answer to the needs of the mobile consumer.

Asoko Insight

Series A in 2018
Asoko Insight is Africa’s leading corporate information platform, providing market mapping solutions to investment firms, banks, corporates and governments looking for research on Africa’s key private sector landscapes. Users can access industry reports, supply chain analyses, and a database of companies to help with origination, business development and due diligence. The company's local research analysts, based out of several regional offices, work with executives and data partners to monitor corporate data from key companies in the region. As Asoko consolidates their footprint in the largest economies, they are also expanding data collection operations to surrounding countries across the continent.

Asoko Insight

Seed Round in 2017
Asoko Insight is Africa’s leading corporate information platform, providing market mapping solutions to investment firms, banks, corporates and governments looking for research on Africa’s key private sector landscapes. Users can access industry reports, supply chain analyses, and a database of companies to help with origination, business development and due diligence. The company's local research analysts, based out of several regional offices, work with executives and data partners to monitor corporate data from key companies in the region. As Asoko consolidates their footprint in the largest economies, they are also expanding data collection operations to surrounding countries across the continent.

PayJoy

Convertible Note in 2017
PayJoy Inc. is a consumer financing provider based in San Francisco, California, established in 2015. The company specializes in offering smartphone-enabled financing solutions aimed at individuals in emerging markets. Customers can select a smartphone, make a deposit, and choose a flexible payment plan that suits their needs. PayJoy's innovative mobile security technology allows smartphones to serve as collateral, facilitating access to credit for first-time buyers and further financial assistance for unexpected expenses. With a focus on the underbanked population, PayJoy has successfully reached over 10 million customers across various countries, including Mexico, Brazil, Colombia, Ecuador, Panama, Peru, and South Africa. The company has achieved profitability and continues to grow, reinforcing its mission to provide credit access to underserved communities.

Paystack

Seed Round in 2016
Paystack is a payment processing platform based in Ikeja, Lagos, founded in 2015. It enables businesses across Africa to accept payments from customers worldwide using various methods, including credit cards, debit cards, money transfers, and mobile money. The platform integrates multiple payment options, allowing merchants to facilitate transactions through their websites and mobile applications. By focusing on simplicity, security, and affordability, Paystack aims to provide a seamless payment experience for both businesses and their customers.

Sliide

Seed Round in 2016
Sliide, a mobile software company based in London, specializes in creating solutions that facilitate user engagement with content on mobile devices. By leveraging the locked screen, Sliide allows users to discover and interact with various content types, including blogs, brands, events, and offers, while also earning free airtime each month. This innovative approach helps mobile network operators (MNO), mobile virtual network operators (MVNO), and original equipment manufacturers (OEM) increase user engagement, drive revenue, and reduce churn. Sliide's tools are designed to tailor monetization strategies to meet the unique needs of each partner, ensuring a product-market fit that aligns with subscriber demographics and usage patterns. By serving billions of ad impressions monthly and utilizing algorithmic targeting, Sliide achieves engagement rates significantly higher than industry averages, thereby enhancing the overall user experience and maximizing revenue potential for its partners.

DigitalGenius

Seed Round in 2016
DigitalGenius, Inc. is a company that specializes in developing artificial intelligence software solutions aimed at enhancing customer service operations, particularly in the E-commerce sector. Founded in 2013 and located in San Francisco, California, DigitalGenius offers a platform that utilizes advanced AI technologies, including conversational AI and visual recognition, to automate and optimize customer interactions across various channels. The platform effectively analyzes incoming messages, predicts metadata, routes inquiries, and provides agents with helpful suggestions, which helps automate responses and improves the quality of customer conversations. By integrating deeply with existing systems, DigitalGenius enables companies to scale their customer service operations, ensuring efficient and effective resolution of inquiries while meeting and exceeding customer expectations.

mPharma

Seed Round in 2016
mPharma is a company focused on improving access to affordable medications for patients in emerging markets. Established in 2013 by Gregory Rockson, Daniel Shoukimas, and James Finucane, mPharma collaborates with pharmaceutical manufacturers, health insurance providers, financial institutions, and governments to facilitate the direct delivery of prescription drugs to consumers. The company offers a pharmaceutical data analytics platform that assists pharmacies in managing their inventory effectively, ensuring that essential chronic disease medications are available at sustainable prices. By enabling doctors, patients, and pharmacists to connect with a network of high-quality medicines, mPharma aims to enhance the overall accessibility and affordability of healthcare for underserved populations.

mPharma

Seed Round in 2015
mPharma is a company focused on improving access to affordable medications for patients in emerging markets. Established in 2013 by Gregory Rockson, Daniel Shoukimas, and James Finucane, mPharma collaborates with pharmaceutical manufacturers, health insurance providers, financial institutions, and governments to facilitate the direct delivery of prescription drugs to consumers. The company offers a pharmaceutical data analytics platform that assists pharmacies in managing their inventory effectively, ensuring that essential chronic disease medications are available at sustainable prices. By enabling doctors, patients, and pharmacists to connect with a network of high-quality medicines, mPharma aims to enhance the overall accessibility and affordability of healthcare for underserved populations.

PayJoy

Seed Round in 2015
PayJoy Inc. is a consumer financing provider based in San Francisco, California, established in 2015. The company specializes in offering smartphone-enabled financing solutions aimed at individuals in emerging markets. Customers can select a smartphone, make a deposit, and choose a flexible payment plan that suits their needs. PayJoy's innovative mobile security technology allows smartphones to serve as collateral, facilitating access to credit for first-time buyers and further financial assistance for unexpected expenses. With a focus on the underbanked population, PayJoy has successfully reached over 10 million customers across various countries, including Mexico, Brazil, Colombia, Ecuador, Panama, Peru, and South Africa. The company has achieved profitability and continues to grow, reinforcing its mission to provide credit access to underserved communities.

Tapiture

Series A in 2015
Tapiture is a social curation and e-commerce platform that enables users to discover, share, and purchase a wide range of products and content. The platform aggregates various forms of media, including photos, videos, GIFs, and articles, creating a personalized browsing experience that adapts to individual interests. Users can explore specific topics, organize their favorite finds into collections, and share them with friends. Accessible through both a mobile app and a website, Tapiture offers an endless feed of content tailored to its users' preferences, making it a valuable resource for discovering unique items and engaging media from across the internet.

Jewel Toned

Seed Round in 2015
Jewel Toned is a vertical ecommerce and wholesale intimate apparel and loungewear company. We manufacture shapewear using special technology and casual everyday comfortable intimates and loungewear. Jewel Toned shapewear is completely seamless and meant to be seen. Founded and run by women, Jewel Toned makes body positive products that are meant to empower women. Their body shapers are cute, comfy, colorful, light compression, and can be worn under clothing or on their own. Jewel Toned also houses an exclusive collaboration with Dear Drew by Drew Barrymore. Dear Drew is a collection of elevated loungewear and lingerie inspired by Hollywood glamour. "I'm not beautiful like you, I'm beautiful like me"

Jewel Toned

Seed Round in 2014
Jewel Toned is a vertical ecommerce and wholesale intimate apparel and loungewear company. We manufacture shapewear using special technology and casual everyday comfortable intimates and loungewear. Jewel Toned shapewear is completely seamless and meant to be seen. Founded and run by women, Jewel Toned makes body positive products that are meant to empower women. Their body shapers are cute, comfy, colorful, light compression, and can be worn under clothing or on their own. Jewel Toned also houses an exclusive collaboration with Dear Drew by Drew Barrymore. Dear Drew is a collection of elevated loungewear and lingerie inspired by Hollywood glamour. "I'm not beautiful like you, I'm beautiful like me"
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