# Top 50 Financial Services VC (Venture Capital) Funds in Africa in October 2023

## Ventures Platform
- Type: VC Fund
- Location: Abuja, Federal Capital Territory, Nigeria
- Relevant deals: 26
- Stages: Seed, Pre-Seed
- Focus: Financial Services, FinTech, Internet

Ventures Platform Fund is a discovery fund that invests early in mission-driven founders that are building capital-efficient platforms that democratise prosperity, plug infrastructural gaps, connect underrepresented communities, solve for non-consumption, and improve livelihoods in Africa.

## Launch Africa
- Type: VC Fund
- Location: Ebène, Plaines Wilhems, Mauritius
- Relevant deals: 24
- Stages: Seed, Pre-Seed
- Focus: Financial Services, FinTech, Information Technology

Launch Africa is a leading Pan-African VC fund solving the significant funding gap in the Seed and pre-Series A investment landscape in Africa.

## Future Africa
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 23
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, FinTech, Information Technology

Future Africa is a collective of mission-driven founders and funders building unicorns to solve Africa’s biggest challenges. They are build a future where purpose and prosperity are within everyone’s reach.

## Musha Ventures
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 20
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, Software, FinTech

Seed capital for technology startups globally.

## Kepple Africa Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 17
- Stages: Seed, Pre-Seed
- Focus: Financial Services, FinTech, Software

Kepple Africa Ventures is an early-stage venture capital firm.

## Ingressive Capital
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 14
- Stages: Pre-Seed, Seed, Series A
- Focus: Financial Services, FinTech, Information Technology

Ingressive Capital they provide services in business development, partnerships, and financial support.

## P1 Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 13
- Stages: Seed, Series B, Pre-Seed
- Focus: Financial Services, Payments, FinTech

P1 Ventures works as a venture capital firm. They specialize in early-stage industrial technology firms in Africa.

## Microtraction
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 12
- Stages: Pre-Seed, Seed, Angel
- Focus: Financial Services, FinTech, Software

We invest in Africa's most remarkable teams with technical founders at the earliest stage of their venture

## LoftyInc Capital Management
- Type: VC Fund
- Location: Carmel, California, United States
- Relevant deals: 12
- Stages: Seed, Pre-Seed, Series A
- Focus: FinTech, Financial Services, Software

LoftyInc Capital Management empowers Afropreneurs to build a prosperous and equitable future in Africa. We deliver value to both founders and investors.........

## Accion Venture Lab
- Type: VC Fund
- Location: Washington, District of Columbia, United States
- Relevant deals: 11
- Stages: Seed, Series A
- Focus: Financial Services, FinTech, Finance

Accion Venture Lab is an investment initiative that provides startups with seed capital and support.

## CRE Venture Capital
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 9
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, FinTech, Software

Founded in 2015, CRE Venture Capital invests in early stage tech companies that are levered to Africa. CRE is headquartered in the New York metro area, with a regional office in Lagos, Nigeria.

## 4Di Capital
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 9
- Stages: Seed, Series A, Series B
- Focus: Software, Mobile, Financial Services

4Di Capital is a Cape Town-based venture capital fund management firm focused on early-stage technology investments in sub-Saharan Africa.

## GreenHouse Capital
- Type: VC Fund
- Location: Ikeja, Lagos, Nigeria
- Relevant deals: 9
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, FinTech, Payments

GreenHouse Capital’s Founding Partners took their own fintech company Venture Garden Group (VGG) from a 7 employee, ₦30 million revenue startup to a 200 employees, ₦2 billion power house in just 4 years and raised an attention grabbing Series A round from Convergence Partners of South Africa. The uniqueness of their position was not lost on thefounders who then cultivated Garden Institute of Business Entrepreneurs (GIBE) to identify, incubate, and invest in young and innovative tech startups solving global challenges in Emerging Markets. GIBE was created to build a world class talent management hub for young and passionate entrepreneurs while creating a pool of technology inclined businesses and innovation oriented leaders.

## Savannah Fund
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 9
- Stages: Seed, Series A, Pre-Seed
- Focus: E-Commerce, FinTech, Information Technology

Savannah Fund is a seed capital fund specializing in US$25,000-US$500,000 investments in early stage high growth technology (web and mobile) startups in sub-Saharan Africa. Initially focused on East Africa, the fund aims to bridge the early stage/angel and venture capital investment gap that currently exists in Africa. The Fund expects toachieve this objective by combining capital with mentor networks both in the region and from Silicon Valley via an accelerator program and a follow-on independent seed fund.The fund is managed by an experienced and technology savvy team that have founded companies or are actively involved in angel investing or having run successful accelerator programs in past but also understand the unique Subsaharan African environment. They are backed and supported by both local, regional and international networks of angels,venture capitalists whose expertise we can draw on to help startups succeed and scale to fully fledged regional or global companies.They believe in the potential for Africa to become a global technology innovator by creating sustainable for profit companies that create jobs and make an impact.

## Partech
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 8
- Stages: Series A, Seed, Series B
- Focus: Software, E-Commerce, Financial Services

Partech is a global venture capital firm with offices in San Francisco, Paris, Berlin and Dakar. Partech invests in Internet and information technology startups at seed, venture and growth stages.

## Raba Partnership
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 8
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, FinTech, Finance

The Raba Partnership, Raba Capital, Raba

## Lateral Frontiers
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 8
- Stages: Seed, Series A, Pre-Seed
- Focus: FinTech, Financial Services, Software

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## Golden Palm Investments
- Type: VC Fund
- Location: Accra, Greater Accra, Ghana
- Relevant deals: 7
- Stages: Seed, Pre-Seed, Series A
- Focus: Information Technology, FinTech, Health Care

Golden Palm Investments is an investment holding and advisory company.

## Mercy Corps Ventures
- Type: VC Fund
- Location: Portland, Oregon, United States
- Relevant deals: 7
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, FinTech, AgTech

Our impact investing arm, Mercy Corps Ventures (MCV), invests in and fuels high-impact enterprises that increase the resilience of people and communities in frontier markets.

## Digital Currency Group
- Type: VC Fund
- Location: Stamford, Connecticut, United States
- Relevant deals: 7
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, FinTech

We are the capital engine supporting emerging talent & crypto technology. On its mission to accelerate the development of a better financial system.

## Soma Capital
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 7
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, FinTech, Financial Services

Soma Capital is venture capital fund that focuses on investing in software to automate the world across all sectors and geographies.

## Tencent
- Type: VC Fund
- Location: Shenzhen, Guangdong, China
- Relevant deals: 7
- Stages: Series B, Series A, Series C
- Focus: Software, Financial Services, E-Commerce

Tencent is an internet service portal offering value-added internet, mobile, telecom, and online advertising services. Its communications and social platforms Weixin and QQ connect users with each other, with digital content and daily life services in just a few clicks. Tencent has maintained steady growth under its user-oriented operatingstrategies. It provides value-added internet, mobile, and telecom services, as well as online advertising under the strategic goal of providing users with "one-stop online lifestyle services." Tencent’s Internet platforms in China – QQ (QQ Instant Messenger), WeChat, QQ.com, QQ Games, Qzone, 3g.QQ.com, SoSo, PaiPai, and Tenpay – aim to address the various needs of internet users, including communication, information, entertainment, e-commerce, and others.In September 2013, Tencent's market valuation rose to $101 billion, and as of November 21, 2013, QQ had 2 billion active users and WeChat had 650 million monthly active users. The numbers of active users for QQ mail, Qzone, Tencent Weibo, and QQ news were 274 million, 626 million, 220 million, and 150 million, respectively.Tencent was founded in November of 1998. In April 2000, the IDG and PCCW invested a total of $2.2 million dollars in the company. Tencent was listed on the Hong Kong Stock Exchange (SEHK) on June 16, 2004. Baidu, Alibaba, and Netease are Tencent's major competitors.

## Consonance Investment Managers
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 7
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Information Technology, FinTech

We are an investment company focused on helping early and growth-stage entrepreneurs build successful companies in Africa.

## Flourish Ventures
- Type: VC Fund
- Location: Redwood City, California, United States
- Relevant deals: 6
- Stages: Series A, Series B, Seed
- Focus: FinTech, Financial Services, Finance

We are an early-stage global venture capital firm investing in fintech founders.

## Entrée Capital
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 6
- Stages: Seed, Series A, Series B
- Focus: Software, Financial Services, FinTech

We're a team of former serial founders managing over $1B across a number of funds, with offices in Tel Aviv, London, and New York.

## Naspers Foundry
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 6
- Stages: Seed, Series B, Series A
- Focus: Financial Services, Insurance, Information Technology

Naspers Foundry is a global internet group and invests in technology-based companies. The company believes in the power of local backed by global scale and they look for opportunities to address big societal needs in markets where they see the greatest growth potential.

## VentureSouq
- Type: VC Fund
- Location: Dubai, Dubai, United Arab Emirates
- Relevant deals: 6
- Stages: Seed, Series A, Series B
- Focus: FinTech, Financial Services, Software

VentureSouq operates a large co-investment platform with a global investment portfolio.

## Target Global
- Type: VC Fund
- Location: Berlin, Berlin, Germany
- Relevant deals: 6
- Stages: Series A, Seed, Series B
- Focus: FinTech, Financial Services, Software

Target Global is a venture capital firm that invests in tech companies across their lifecycles. Target Global follows a lifecycle approach, investing in tech companies. Their partners have been investing for more than 15 years in the digital technology space, backing some of the European success stories.

## Zephyr Acorn
- Type: VC Fund
- Location: Nairobi, Nairobi Area, Kenya
- Relevant deals: 6
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, Banking, FinTech

Zephyr Acorn provides equity financing and business support to innovative early-stage companies in East Africa. Zephyr Acorn invests in and actively supports innovative early-stage companies across sectors in East Africa that have the potential to scale across the continent and beyond.

## Voltron Capital
- Type: VC Fund
- Relevant deals: 6
- Stages: Pre-Seed, Seed, Angel
- Focus: Financial Services, FinTech, Cryptocurrency

Voltron Capital operates as a venture capital firm.

## Quona Capital
- Type: VC Fund
- Location: Washington, District of Columbia, United States
- Relevant deals: 6
- Stages: Series A, Series B, Seed
- Focus: Financial Services, FinTech, Finance

Quona Capital invests in fintech innovators that are advancing inclusion in emerging markets. Through our investments, Quona aims to deliver outstanding financial returns while making a lasting and positive impact on the world.

## Greycroft
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 5
- Stages: Series A, Seed, Series B
- Focus: Software, E-Commerce, Internet

Venture capital and technology investments

## Newid capital
- Type: VC Fund
- Location: Alexandria, Virginia, United States
- Relevant deals: 5
- Stages: Series A, Seed, Series B
- Focus: Financial Services, FinTech, Credit

Newid Capital invests internationally in growth-oriented financial services companies serving the underbanked.

## VestedWorld
- Type: VC Fund
- Location: Chicago, Illinois, United States
- Relevant deals: 5
- Stages: Seed, Series A, Series B
- Focus: Agriculture, E-Commerce, Financial Services

VestedWorld is an early-stage venture capital firm that invests in emerging markets companies that have the potential to generate competitive financial returns while contributing towards the growth and development of the markets in which they are located. The firm supports these businesses through the infusion of capital, active involvement incorporate governance, and by providing direct strategic and operational assistance.

## Goodwell Investments
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 5
- Stages: Series A, Series B
- Focus: FinTech, Financial Services, Software

Goodwell Investments is a pioneering investment firm focused on financial inclusion, fintech and inclusive growth in sectors providing

## Future\Perfect Ventures
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 5
- Stages: Seed, Series A, Pre-Seed
- Focus: Blockchain, Financial Services, FinTech

Future\Perfect Ventures is an early stage venture capital firm 2014 to invest globally in blockchain technology and crypto assets. FPV was founded by Jalak Jobanputra.

## DCG Expeditions
- Type: VC Fund
- Location: Hong Kong, Hong Kong Island, Hong Kong
- Relevant deals: 5
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, FinTech, Blockchain

Luno Expeditions is a global early-stage investor supporting fintech & crypto founders on their journeys to build the next generation of financial services.

## Norrsken Foundation
- Type: VC Fund
- Location: Stockholm, Stockholms Lan, Sweden
- Relevant deals: 5
- Stages: Pre-Seed, Seed
- Focus: Financial Services, Health Care, FinTech

Norrsken Foundation is non-profit organization solving problems such as poverty, famine, environmental issues and mental health.

## Hustle Fund
- Type: VC Fund
- Location: San Carlos, California, United States
- Relevant deals: 5
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, FinTech, Financial Services

Hustle Fund is a seed fund that seeks to invest in early-stage startups operating in software, business to business, fintech, and digital health sectors.

## Oikocredit International
- Type: VC Fund
- Location: Amersfoort, Utrecht, The Netherlands
- Relevant deals: 5
- Stages: Debt Financing, Series B
- Focus: Financial Services, Finance, FinTech

Oikocredit is guided by the principle of empowering people. Their experience proves that the most effective and sustainable means of assisting those in need is providing an opportunity to help themselves.

## Speedinvest
- Type: VC Fund
- Location: Vienna, Wien, Austria
- Relevant deals: 4
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, FinTech, Financial Services

Speedinvest is one of Europe’s most active early-stage investors, with more than €1bn AUM, 40 investors, and offices in Berlin, London, Munich, Paris, Vienna and San Francisco. Your success is our priority, so we don’t just send some money and "check in" at board meetings. Our mission is to empower you with game-changing support throughevery stage of your journey. Our focused investment teams know your industry inside and out. Their Deep Tech, Fintech, Industrial Tech, Network Effects, Digital Health and Subscriptions experience, know-how and deep networks are yours from day one. You also have full access to our in-house Platform+ team of operational experts who can provide tailored growth marketing, people (HR), US business development, and networking support throughout every stage of your journey.

## Beta.Ventures
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, FinTech, B2B

Beta.Ventures invests in driven, early-stage entrepreneurs scaling tech and tech-enabled startups to become market leaders. They are focused on the opportunities made available by a 1.2 billion-person, mobile phone enabled Africa.Beta.Ventures works closely with founders and teams from product idea to product launch through to the next stage ofcompany development. We are focused on the opportunities made available by a 1.2 billion-person, mobile phone enabled Africa.We are experienced entrepreneurs ourselves and are able to share what has proven to work for product and service scaling, revenue growth and fundraising.Operations is key to success at early stage companies, and our environment often faces a dearth of experience scaling opportunities; Beta.Ventures focuses intensely on the operations of a company, adding value through several levers we know, from experience, will enable a company to succeed.Our partners, affiliates, and mentors lead some top technology companies locally and internationally and we encourage you to partner with us to take advantage of our experience building great products/services, negotiating partnerships and deals, leading teams, and raising money.

## HoaQ
- Type: VC Fund
- Relevant deals: 4
- Stages: Pre-Seed, Seed, Angel
- Focus: Financial Services, Internet, E-Commerce

Startup Investment Club

## TEN13
- Type: VC Fund
- Location: Brisbane, Queensland, Australia
- Relevant deals: 4
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Financial Services, FinTech

TEN13 is Australia's leading Venture Capital Syndicate.

## Atlantica Ventures
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 4
- Stages: Pre-Seed, Seed, Series A
- Focus: Internet, B2B, Health Insurance

Are you looking for start-up funding for your business? Get in touch with Atlantica Ventures to get the kick-start your start-up needs.

## UNCOVERED FUND
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: FinTech, Banking, Financial Services

UNCOVERED FUND is a venture capital firm that leads the creation of industries in Africa and other emerging countries.

## The Chrysalis Capital
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 4
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, FinTech, Bitcoin

Chrysalis Capital is an investment management firm focused on scaling early-stage tech companies in Africa and the diaspora.

## Acumen
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 4
- Stages: Seed, Series A
- Focus: Financial Services, Health Care, Agriculture

Acumen is a nonprofit venture fund that invests in early-stage companies bringing critical services like agriculture, clean energy, education, financial inclusion, healthcare and workforce development to low-income communities in 14 countries across East and West Africa, South Asia, Latin America, and the United States. Since 2001, Acumeninvested $128 million in 128 companies that have transformed the lives of over 308 million low-income people.

## Proparco
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 4
- Stages: Debt Financing, Series B
- Focus: Financial Services, Finance, Energy

Proparco is devoted to private sector funding in the sustainable development sector.

## Acuity Ventures
- Type: VC Fund
- Location: San Jose, California, United States
- Relevant deals: 4
- Stages: Seed, Pre-Seed
- Focus: FinTech, Information Technology, Financial Services

Acuity Ventures is a Silicon Valley-based family of venture capital funds that provide investment capital and strategic guidance to early stage and emerging growth companies. The Fund currently investing is Acuity Ventures III LP, formed in 2004. Acuity provides capital through convertible preferred debt, direct equity investments and otherinvestment participations.

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