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

Past deals in Panama

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.

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.
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