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Top 50 Financial Services VC Funds & Investors in South Africa (May 2026)

The most active venture capital funds investing in South Africa Financial Services startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in South Africa Financial Services startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
CRE Venture Capital
VC Fund
7 South Africa, Nigeria, United States Seed, Series A, Pre-Seed Financial Services, FinTech, Software $250k–$20M
Naspers Foundry
VC Fund
6 South Africa, United Kingdom Seed, Series B, Series A Financial Services, Insurance, Information Technology $809k–$15M
4Di Capital
VC Fund
6 South Africa, United States, Uganda Seed, Series A, Series B Software, Mobile, Financial Services $431k–$6.4M
Raba Partnership
VC Fund
5 South Africa, United States, Egypt Seed, Series A, Pre-Seed Financial Services, FinTech, Finance $1M–$40M
Merrill Lynch
VC Fund
4 United States, India, United Kingdom Series B, Series C Software, Information Technology, Internet $10M–$85M
Change Ventures
VC Fund
4 Estonia, Lithuania, United States Seed, Pre-Seed, Series A Software, Information Technology, Apps $107k–$3M
Launch Africa
VC Fund
4 Nigeria, South Africa, Kenya Seed, Pre-Seed Financial Services, FinTech, Information Technology $200k–$3M
Future Africa
VC Fund
4 Nigeria, United States, Kenya Seed, Pre-Seed, Series A Financial Services, FinTech, Information Technology $40k–$20M
Goodwell Investments
VC Fund
4 Kenya, Nigeria, South Africa Series A, Series B FinTech, Financial Services, Software $1.5M–$14M
Quona Capital
VC Fund
4 India, Brazil, Indonesia Series A, Series B, Seed Financial Services, FinTech, Finance $1.1M–$45M
Kalon Venture Partners
VC Fund
3 South Africa, Luxembourg, United States Seed, Series A Apps, Mobile Apps, Software $539k–$3M
Maven 11 Capital
VC Fund
3 United States, United Kingdom, Germany Seed, Series A Blockchain, Financial Services, FinTech $1M–$26M
Imvelo Ventures
VC Fund
3 South Africa Seed Software, FinTech, Financial Services $539k–$2M
Oui Capital
VC Fund
3 Kenya, Nigeria, United States Pre-Seed, Seed Transportation, Information Technology, B2B $40k–$1.1M
Firstminute Capital
VC Fund
3 United Kingdom, United States, Germany Seed, Series A, Pre-Seed Software, Information Technology, Machine Learning $1.7M–$30M
1kx
VC Fund
3 United States, Germany, Switzerland Seed, Series A Blockchain, Cryptocurrency, FinTech $1.6M–$28M
Musha Ventures
VC Fund
2 United States, Nigeria, Kenya Seed, Pre-Seed, Series A Financial Services, Software, FinTech $50k–$10M
PayPal Ventures
VC Fund
2 United States, United Kingdom, India Series B, Series C, Series A FinTech, Financial Services, Software $3.5M–$100M
Village Global
VC Fund
2 United States, United Kingdom, India Seed, Pre-Seed, Series A Software, Artificial Intelligence, Information Technology $246k–$18M
Norrsken VC
VC Fund
2 Sweden, United Kingdom, Germany Seed, Series A Software, Food and Beverage, Health Care $599k–$21M
Scalar Capital
VC Fund
2 United States, Canada, Israel Seed, Series A Blockchain, Software, Cryptocurrency $1.5M–$30M
LoftyInc Capital Management
VC Fund
2 United States, Nigeria, Egypt Seed, Pre-Seed, Series A FinTech, Financial Services, Software $100k–$15M
Kleiner Perkins
VC Fund
2 United States, China, United Kingdom Series B, Series A, Series C Software, Health Care, Information Technology $4.1M–$100M
Newtown Partners
VC Fund
2 South Africa, Kenya, Nigeria Seed, Series A Logistics, Health Care, Information Technology $600k–$7M
Accion Venture Lab
VC Fund
2 United States, India, Brazil Seed, Series A Financial Services, FinTech, Finance $500k–$7.5M
UW Ventures
VC Fund
2 South Africa Seed, Series A FinTech, Payments, Insurance $431k–$31M
Technology Innovation Agency
VC Fund
2 South Africa Grant, Seed, Pre-Seed Information Technology, Renewable Energy, Health Care $20k–$1M
Crossfin Technology
VC Fund
2 South Africa, United States, Russian Federation Series A, Private Equity Payments, Financial Services, Information Technology
Boost VC
VC Fund
2 United States, Canada, United Kingdom Seed, Pre-Seed Software, Virtual Reality, Blockchain $70k–$4.4M
Soma Capital
VC Fund
2 United States, India, Mexico Seed, Pre-Seed, Series A Software, FinTech, Financial Services $150k–$22M
Hustle Fund
VC Fund
2 United States, Singapore, Canada Seed, Pre-Seed, Series A Software, FinTech, Financial Services $77k–$40M
Sound Ventures
VC Fund
2 United States, Canada, Israel Seed, Series A, Series B Software, FinTech, Financial Services $2M–$85M
DCG Expeditions
VC Fund
2 United States, India, Nigeria Seed, Pre-Seed, Series A Financial Services, FinTech, Blockchain $350k–$10M
500 Fintech
VC Fund
2 United States, Vietnam, South Africa Seed, Pre-Seed, Series A FinTech, Financial Services, Finance
Allan Gray
VC Fund
2 South Africa, United States Seed, Series A Insurance, Health Care, SaaS $431k–$4M
AlphaCode Club
VC Fund
2 South Africa, United Kingdom Grant, Debt Financing Financial Services, FinTech, Automotive $24k–$655k
Newid capital
VC Fund
2 India, Kenya, Turkey Series A, Seed, Series B Financial Services, FinTech, Credit $1.3M–$1.3M
4DX Ventures
VC Fund
2 Egypt, United States, Kenya Seed, Series A, Pre-Seed FinTech, Information Technology, Financial Services $40k–$20M
Edge Growth
VC Fund
1 South Africa Seed, Debt Financing Software, Education, Accounting
Development Partners International
VC Fund
1 Egypt, Morocco, South Africa Private Equity, Series A Financial Services, Manufacturing, Retail $20M–$165M
Jigsaw VC
VC Fund
1 United Kingdom, India, Kenya Series A, Seed, Series B Financial Services, Software, Artificial Intelligence $5M–$82M
Five35 Ventures
VC Fund
1 South Africa, Kenya, Nigeria Pre-Seed, Seed Information Technology, Health Care, Marketplace $1M–$1.6M
Ingressive Capital
VC Fund
1 Nigeria, United States, Ghana Pre-Seed, Seed, Series A Financial Services, FinTech, Information Technology $400k–$15M
Velocity Capital Fintech Ventures
VC Fund
1 The Netherlands, United Kingdom, United States Series A, Series B, Seed FinTech, Financial Services, Software $1.1M–$25M
Sherpa Africa Partners
VC Fund
1 Togo, South Africa, United States Pre-Seed, Seed Emerging Markets, Financial Services, Credit
Lireas Holdings
VC Fund
1 South Africa, United States Series A FinTech, InsurTech, Insurance
Breega
VC Fund
1 France, United Kingdom, United States Seed, Series A FinTech, Software, Financial Services $750k–$21M
Beryl Group
VC Fund
1 South Africa Banking, FinTech, Finance
ARCH Emerging Markets Partners
VC Fund
1 Kenya, South Africa, United States Series D, Debt Financing, Private Equity Solar, Finance, Consumer
Apis Partners
VC Fund
1 India, Singapore, South Africa Private Equity, Series B Financial Services, Payments, FinTech $5M–$120M
Access all 187 VC funds in South Africa Financial Services startups.

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822 industries, 177 countries. Updated daily. Emails and phones included.

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Investor list

CRE Venture Capital
VC Fund · New York, New York, United States · 7 investments in South Africa Financial Services startups

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.

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Seed, Series A, Pre-Seed
  • Geography: South Africa, Nigeria, United States

Investor stats

  • Total investments: 49
  • Round size: Seed $300k–$5M; Pre-Seed $250k–$3.3M; Series A $1.1M–$20M
  • Lead/follow: 27% lead, 73% follow

Portfolio highlights

  • Sava — Sava is a multi-management platform that provides an unlimited number of virtual cards as well as automated accounting reconciliation.
  • Stitch — One API integration for all online payments across South Africa. Accept Instant EFT, debit + credit card, cash, direct deposit and debits. Manage + reconcile digital payments and send payouts.
  • Bettr — Bettr is a digital banking app for creator. Download the app to get your zero monthly fee digital bank account and virtual card. Join our community of creators, gamers, influencers, freelancers, tiktokkers, streamers, YouTubers and digital gig workers.
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Naspers Foundry
VC Fund · Cape Town, NA - South Africa, South Africa · 6 investments in South Africa Financial Services startups

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.

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Investment focus

  • Industry: Financial Services, Insurance, Information Technology
  • Stage:Seed, Series B, Series A
  • Geography: South Africa, United Kingdom

Investor stats

  • Total investments: 13
  • Round size: Seed $809k–$5.7M; Series A $2.9M–$15M; Series B $1.8M–$14M
  • Lead/follow: 92% lead, 8% follow

Portfolio highlights

  • Nile.ag — Nile connects fresh produce buyers and producers by providing a platform for direct and secure transactions
  • LifeCheq — LifeCheq is a startup offering digitized, and holistic personal finance.
  • SweepSouth — Book a home cleaning online from your mobile, tablet or computer. SweepSouth connects you with a cleaner in minutes. Cleaners are experienced, reliable, efficient and insured.
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4Di Capital
VC Fund · Cape Town, NA - South Africa, South Africa · 6 investments in South Africa Financial Services startups

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

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Investment focus

  • Industry: Software, Mobile, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: South Africa, United States, Uganda

Investor stats

  • Total investments: 27
  • Round size: Seed $431k–$1.7M; Series A $3.4M–$6.4M
  • Lead/follow: 37% lead, 63% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Sendmarc — Stop cyber criminals from sending emails using your domain and protect your customers, suppliers and employees from cyber attacks with DMARC Security.
  • Leta — Leta Technology is a software development company that creates supply chain and logistics software to enable the efficient and automated movement of goods.
  • Numida — Growing African small businesses with affordable, convenient, and fair credit.
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Raba Partnership
VC Fund · Cape Town, NA - South Africa, South Africa · 5 investments in South Africa Financial Services startups

The Raba Partnership, Raba Capital, Raba

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Seed, Series A, Pre-Seed
  • Geography: South Africa, United States, Egypt

Investor stats

  • Total investments: 37
  • Round size: Seed $1.3M–$8.3M; Pre-Seed $1M–$6.5M; Series A $9.2M–$40M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: Likely still investing — raised $60M in 2021

Portfolio highlights

  • Cloudline — Cloudline leverages lighter-than-air technology and the latest developments in unmanned aerial vehicles to deliver essential goods and services to the 1 billion people without direct access to roads and runways.
  • Revivo — Revivo is an online marketplace for electronics spare parts, tools & accessories.
  • Stitch — One API integration for all online payments across South Africa. Accept Instant EFT, debit + credit card, cash, direct deposit and debits. Manage + reconcile digital payments and send payouts.
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Merrill Lynch
VC Fund · New York, New York, United States · 4 investments in South Africa Financial Services startups

Merrill Lynch Wealth Management has the financial advisors and expertise to help you achieve your goals at any stage of your life or career.

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Investment focus

  • Industry: Software, Information Technology, Internet
  • Stage:Series B, Series C
  • Geography: United States, India, United Kingdom

Investor stats

  • Total investments: 88
  • Round size: Series B $10M–$80M; Series C $10M–$85M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — last raise in 2015

Portfolio highlights

  • ITM Power — ITM Power manufacture PEM electrolysers. A pioneering technology that generates green hydrogen enabling customers to decarbonise.
  • Pharmacierge — Pharmacierge is the digital e-prescribing service chosen by private clinicians to deliver medication to their patients throughout the UK and worldwide. Clinicians create and transfer e-prescriptions to our pharmacy near London's Harley Street, for free delivery to their patients either the same day or next weekday
  • The Boeing Company — The Boeing Company is an American multinational corporation that designs, manufactures and sells fixed-wing aircraft, rotorcraft, rockets and satellites and provides leasing and product support services. Boeing is among the largest global aircraft manufacturers, is the second-largest aerospace & defense contractor in the world based on 2012revenue and is the US' largest exporter by dollar value. Boeing stock is a component of the Dow Jones Industrial Average.The Boeing Company's corporate headquarters are located in Chicago and the company is led by Chairman and CEO James McNerney. Boeing is organized into five primary divisions: Boeing Commercial Airplanes (BCA), Boeing Defense, Space & Security (BDS), Engineering, Operations & Technology, Boeing Capital and Boeing Shared Services Group.Boeing is the world's largest aerospace company and leading manufacturer of commercial jetliners and defense, space and security systems. A top U.S. exporter, the company supports airlines and U.S. and allied government customers in 150 countries. Boeing products and tailored services include commercial and military aircraft, satellites, weapons, electronic and defense systems, launch systems, advanced information and communication systems, and performance-based logistics and training.Boeing has a long tradition of aerospace leadership and innovation. The company continues to expand its product line and services to meet emerging customer needs. Its broad range of capabilities includes creating new, more efficient members of its commercial airplane family; integrating military platforms, defense systems and the warfighter through network-enabled solutions; creating advanced technology solutions; and arranging innovative customer-financing options.With corporate offices in Chicago, Boeing employs more than 170,000 people across the United States and in 70 countries. This represents one of the most diverse, talented and innovative workforces anywhere. More than 140,000 employees hold college degrees -- including nearly 35,000 advanced degrees -- in virtually every business and technical field from approximately 2,700 colleges and universities worldwide. Our enterprise also leverages the talents of hundreds of thousands more skilled people working for Boeing suppliers worldwide.Boeing is organized into two business units: Boeing Commercial Airplanes and Boeing Defense, Space & Security. Supporting these units are Boeing Capital Corporation, a global provider of financing solutions; the Shared Services Group, which provides a broad range of services to Boeing worldwide; and Boeing Engineering, Operations & Technology, which helps develop, acquire, apply and protect innovative technologies and processes.Divisions:- - - - -
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Change Ventures
VC Fund · Tallinn, Harjumaa, Estonia · 4 investments in South Africa Financial Services startups, 7 in the past 12 months

We are a seed stage venture capital fund based in the Baltic states, backing ambitious Baltic founders anywhere in the world.

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Investment focus

  • Industry: Software, Information Technology, Apps
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Estonia, Lithuania, United States

Investor stats

  • Total investments: 46
  • Round size: Seed $321k–$3M; Pre-Seed $107k–$2.1M
  • Lead/follow: 59% lead, 41% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Algori — Improving FMCG growth with the fastest and most granular insights from 45,000 shoppers in Spain
  • Aerones — Robotic wind turbine service company offering maintenance, inspection and repairs worldwide. Reduce downtime and improve the efficiency of your wind park
  • Trace.Space — Engineers develop complex products 10x faster with Trace.Space. Requirements management for the next generation
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Launch Africa
VC Fund · Ebène, Plaines Wilhems, Mauritius · 4 investments in South Africa Financial Services startups, 18 in the past 12 months

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.

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, South Africa, Kenya

Investor stats

  • Total investments: 131
  • Round size: Seed $200k–$3M; Pre-Seed $200k–$1M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — raised $36M in 2022

Portfolio highlights

  • Lengo — Lengo is an AI based intelligence platform that offers a large database on consumer goods for companies in the FMCG sector.
  • Zanifu — The zanifu platform, allows small retailers in Sub Saharan Africa, to procure inventory from their suppliers & pay later.
  • Fixit45 — Your best ever automobile service experience awaits you.
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Future Africa
VC Fund · San Francisco, California, United States · 4 investments in South Africa Financial Services startups, 10 in the past 12 months

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.

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 80
  • Round size: Seed $500k–$3.7M; Pre-Seed $40k–$3.7M; Series A $7M–$20M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: May invest from a new fund soon — last raise in 2020

Portfolio highlights

  • Balad — Balad is Egyptian Cross Border Payout Network primarily serving Money Transfer Operators (MTOs), fintechs and mobile wallets. Targeting sending markets including GCC, EU, US, Canada, and UK
  • Anchor — Anchor is a Lagos-based banking-as-a-service platform for African businesses. Anchor provides APIs and infrastructure to build, embed and launch powerful financial products in a secure and scalable way.
  • Itana — Talent City’s mission is to build a network of charter cities that focuses on creating technology-enabled jobs within a free trade zone with its own regulation and bylaws.
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Goodwell Investments
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 4 investments in South Africa Financial Services startups

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

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Series A, Series B
  • Geography: Kenya, Nigeria, South Africa

Investor stats

  • Total investments: 35
  • Round size: Series A $1.5M–$7.5M; Series B $2M–$14M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • MFS Africa — MFS Africa is the largest mobile money inter-operability hub in Africa, which connects mobile network operators across the continent through a single API. In addition to mobile remittance services, the MFS Africa API enables merchant payment, bulk payment, bank-to-wallet transfers, and an array of other cross border digital payments services.
  • SOUK Farms — SOUK Farms is a fresh horticulture supply grower and exporter that pioneers innovation to improve agricultural sustainability and stimulate economic and social development.
  • Complete Farmer — We are providing cutting-edge technological farming protocols and innovations with a unique business model and logistics that are revolutionizing...
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Quona Capital
VC Fund · Washington, District of Columbia, United States · 4 investments in South Africa Financial Services startups, 17 in the past 12 months

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.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Series A, Series B, Seed
  • Geography: India, Brazil, Indonesia

Investor stats

  • Total investments: 132
  • Round size: Seed $1.1M–$11M; Series A $2.3M–$14M; Series B $6.2M–$45M
  • Lead/follow: 46% lead, 54% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Caliza — Give your users access to the digital dollar economy. Get early access!
  • ZestMoney — Enjoy the convenience of shopping for electronic gadgets, fashion, travel, education on EMI without credit card. No debit card or credit score required!
  • Bureau — Bureau is trust network that facilitates end-to-end identity verification, compliance, and fraud prevention for new-age businesses.
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Access 48,091 investors

822 industries, 177 countries. Updated daily. Emails and phones included.

Browse database — It's Free!
Kalon Venture Partners
VC Fund · Johannesburg, NA - South Africa, South Africa · 3 investments in South Africa Financial Services startups

A growing number of South Africans are investing in venture capital companies that operate under Section 12J of the Income Tax Act. Contact us now.

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Investment focus

  • Industry: Apps, Mobile Apps, Software
  • Stage:Seed, Series A
  • Geography: South Africa, Luxembourg, United States

Investor stats

  • Total investments: 15
  • Round size: Seed $539k–$3M
  • Lead/follow: 73% lead, 27% follow

Portfolio highlights

  • GoMetro — GoMetro designs deploy and operate flexible mobility platforms. Their proprietary technology stack empowers city leaders, transport managers, corporates, retail centres, property developers, airports and downtown to introduce bold new mobility strategies. Their connected transport digital platform equips transport planners to respond to thechallenges of increased congestion, aged infrastructure, disruptive mobility players, self-driving vehicles and a lack of quality public transport services.
  • Talk360 — Talk360 is an easy-to-use calling app that helps people make affordable international calls to any mobile and landline number. They believe that reliable communication and digital services must be affordable and accessible to everyone, regardless of someone's background. Especially people in emerging countries in Africa, who often need theseservices the most, do not always have the necessary banking possibilities. To bridge this distance, Talk360 will launch the world's first single checkout platform for Africa. This platform will combine all locally available payment methods and currencies across Africa, together with over 1.25 million cash points of sales, and will eventually be available to other companies as well. This means that 500 million Africans will be able to purchase digital services they never had access to before.
  • Sendmarc — Stop cyber criminals from sending emails using your domain and protect your customers, suppliers and employees from cyber attacks with DMARC Security.
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Maven 11 Capital
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 3 investments in South Africa Financial Services startups, 12 in the past 12 months

Maven 11 is a global blockchain and digital asset investment firm. The teams we partner with are on a rigorous quest to solve most exciting problems and make the necessary shift towards decentralised tomorrow.

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Investment focus

  • Industry: Blockchain, Financial Services, FinTech
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Germany

Investor stats

  • Total investments: 61
  • Round size: Seed $1M–$7.4M; Series A $3.5M–$26M
  • Lead/follow: 9% lead, 91% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Hook — Hook provides an NFT-native options protocol that enables active traders to earn more with less. For active traders, options allow them to earn multiples of buying the floor for the best trades.
  • Risc Zero. — RISC Zero is revolutionizing the internet by creating the infrastructure & tooling for Web3 developers around the globe to build zero-proof software.
  • Essential — Essential is building intent-based infrastructure & tooling to accelerate the transition from value extraction to intent satisfaction.
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Imvelo Ventures
VC Fund · Sandown, NA - South Africa, South Africa · 3 investments in South Africa Financial Services startups

Imvelo Ventures is a venture capital and growth equity firm in South Africa managed by Capitec Bank.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed
  • Geography: South Africa

Investor stats

  • Total investments: 4
  • Round size: Seed $539k–$2M
  • Lead/follow: 100% lead, 0% follow

Portfolio highlights

  • BancX — bancX is a modular, as-a-service platform for banks, fintechs, lenders, and retailers to build or extend their offering to meet market demand.
  • Lipa Payments — Lipa [ lee-puh ] Payments is a payment software solution for banks and fintech's that allows small merchants to perform digital transactions using NFC and Bluetooth technology. We remove the need for additional payment terminal hardware. Start transacting in less than hour with our SDK.
  • The Cape Town Stock Exchange — The Cape Town Stock Exchange is a south Africa’s stock exchange for small- and medium-sized businesses.
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Oui Capital
VC Fund · Belmont, Massachusetts, United States · 3 investments in South Africa Financial Services startups

Oui Capital is an Africa-focused VC firm backing tech-enabled businesses at the pre-seed & seed stage.

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Investment focus

  • Industry: Transportation, Information Technology, B2B
  • Stage:Pre-Seed, Seed
  • Geography: Kenya, Nigeria, United States

Investor stats

  • Total investments: 22
  • Round size: Pre-Seed $40k–$1.1M
  • Lead/follow: 32% lead, 68% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Duplo — We enable businesses across Africa to simplify their payment flows.
  • Ndovu — Secure your investments in both local and global financial markets on ndovu - a secure, affordable, hassle-free online investment platform in Africa designed to work your money
  • Maad — Maad is Francophone Africa's fastest-growing B2B marketplace, based in Dakar, Senegal. Our tech-driven solution allows retailers to order products from our one-stop shop and benefit from working capital loans
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Firstminute Capital
VC Fund · London, England, United Kingdom · 3 investments in South Africa Financial Services startups, 10 in the past 12 months

firstminute is a seed fund backed by over 120 unicorn founders and a world-class community.

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Investment focus

  • Industry: Software, Information Technology, Machine Learning
  • Stage:Seed, Series A, Pre-Seed
  • Geography: United Kingdom, United States, Germany

Investor stats

  • Total investments: 133
  • Round size: Seed $2M–$10M; Pre-Seed $1.7M–$5.5M; Series A $4.9M–$30M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: May invest from a new fund soon — raised $107M in 2020

Portfolio highlights

  • Axis — axis for Business enables small businesses to seamlessly manage employee payroll, salary advances, and expenses - all from one place.
  • Quench.ai — Quench is a tech infrastructure for video creators to deliver exclusive content, engage and reward their true fans.
  • Roadie — Easier, scalable and zero-maintenance. With security, scorecards and customizability built-in.
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1kx
VC Fund · Amsterdam, Noord-Holland, The Netherlands · 3 investments in South Africa Financial Services startups, 18 in the past 12 months

1kx is an early-stage investment firm focused on ecosystem growth.

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Series A
  • Geography: United States, Germany, Switzerland

Investor stats

  • Total investments: 75
  • Round size: Seed $1.6M–$10M; Series A $6M–$28M
  • Lead/follow: 39% lead, 61% follow

Portfolio highlights

  • IYK — IYK inspires people to live in the moment by bridging immersive physical and digital experiences.
  • fxhash — fxhash is an open platform to mint and collect Generative Tokens on the Tezos blockchain
  • Spearbit — Web3 Security At Scale
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Musha Ventures
VC Fund · New York, New York, United States · 2 investments in South Africa Financial Services startups

Seed capital for technology startups globally.

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Investment focus

  • Industry: Financial Services, Software, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Nigeria, Kenya

Investor stats

  • Total investments: 131
  • Round size: Seed $120k–$3M; Pre-Seed $50k–$3.8M; Series A $2.5M–$10M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Terraa — Terraa is a B2B distribution platform in Moroccan.
  • OmniBiz — Omnibiz is a digital platform for small businesses willing to attract new customers.
  • Revivo — Revivo is an online marketplace for electronics spare parts, tools & accessories.
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PayPal Ventures
VC Fund · San Jose, California, United States · 2 investments in South Africa Financial Services startups, 14 in the past 12 months

PayPal Ventures is PayPal's venture capital arm, investing in PayPal's strategic interest fields for return.Leveraging PayPal Venture's expertise and experience, PayPal – and the companies in which it invests – are helping to bring innovative solutions to market more quickly, scale them faster, and build a global financial systemthat is more transparent, personalized, inclusive and customer-focused. PayPal Venture's investments reinforce its commitment to leading the financial technology industry and supporting entrepreneurship.

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Series B, Series C, Series A
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 101
  • Round size: Series A $3.5M–$40M; Series B $4.9M–$100M; Series C $50M–$83M
  • Lead/follow: 31% lead, 69% follow

Portfolio highlights

  • Magic — Onboard users to your dApp with just an email, phone number, or social login. Multi-chain, highly scalable, and battle-tested.
  • Stitch — One API integration for all online payments across South Africa. Accept Instant EFT, debit + credit card, cash, direct deposit and debits. Manage + reconcile digital payments and send payouts.
  • Finanzguru — Finanzguru is an AI based financial assistant.
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Village Global
VC Fund · San Francisco, California, United States · 2 investments in South Africa Financial Services startups, 30 in the past 12 months

Early stage venture capital backed by some of the world's best entrepreneurs.

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Investment focus

  • Industry: Software, Artificial Intelligence, Information Technology
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 229
  • Round size: Seed $1.8M–$9.3M; Pre-Seed $246k–$3.5M; Series A $5.5M–$18M
  • Lead/follow: 16% lead, 84% follow
  • Last fund: May invest from a new fund soon — raised $125M in 2021

Portfolio highlights

  • Atmosfy — Atmosfy lets you explore dining through video. Easily browse 10-second, engaging videos from customers who recently dined there.
  • OpenCover — Cover $5,000 from $1.14 per week on leading protocols including Curve, Uniswap, Aave and more. As seen on CoinDesk, Decrypt, The Block, Coin Telegraph.
  • Boost Capital — Boost Capital is a fintech company that offers online microfinance services at lower rates. It uses innovative technology to pre-qualify customers within minutes of applying for a loan based on ability and probability to repay. Boost Capital enables both collateralized and uncollateralized loans, with loan size across the small business spectrum(from $100 to $10,000). Its platform automates the loan application for MFI partners and allows customers to hear back on their loan applications 100x faster than through traditional paper-based loan applications.The company was founded in 2018 and is headquartered in Singapore.
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Norrsken VC
VC Fund · Stockholm, Stockholms Lan, Sweden · 2 investments in South Africa Financial Services startups, 15 in the past 12 months

We are a venture capital fund investigating in Start-Ups solving the worlds biggest problems while building massive businesses.

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Investment focus

  • Industry: Software, Food and Beverage, Health Care
  • Stage:Seed, Series A
  • Geography: Sweden, United Kingdom, Germany

Investor stats

  • Total investments: 65
  • Round size: Seed $599k–$7.6M; Series A $1.1M–$21M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • LanguifyAI — Languify is an AI based language learning assistant which analyses, corrects, and tracks a user's spoken and written English across all platforms. The AI assistant prompts feedback and nudges that improve conversations in real-time that enable improvisation on the spot without any delay. It also enables users to learn at their own pace throughpersonalized learning plans and games designed to minimize repetition of errors.
  • Granular Energy — Granular Energy provides solutions for managing and trading clean energy. Our tools have been developed to support the recent emergence of 24/7 time-stamped energy certificates as well as traditional "annual" certificates.
  • Material Evolution — Material Evolution uses patented geopolymer technology and proprietary algorithms to create the most sustainable materials on the planet.Material Evolution’s first product is a cement mix made from 95% waste using its algorithm technology. Its smart concrete mix is 10X stronger, 5X more durable, and reduces carbon consumption by 85%. Mostimportantly, it’s economically viable for construction companies.
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Scalar Capital
VC Fund · San Francisco, California, United States · 2 investments in South Africa Financial Services startups

Crypto investment firm. Austin, TX.

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Investment focus

  • Industry: Blockchain, Software, Cryptocurrency
  • Stage:Seed, Series A
  • Geography: United States, Canada, Israel

Investor stats

  • Total investments: 32
  • Round size: Seed $1.5M–$7.5M; Series A $12M–$30M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Sound — Sound connects artists and listeners to take ownership over the culture they create together.
  • Connext — Bridge tokens and data across 11+ chains. Earn and build on the most secure interoperability network.
  • Connext Labs — Connext is the most secure interoperability protocol, allowing users to bridge funds and developers to build asynchronous Solidity for the first time!
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LoftyInc Capital Management
VC Fund · Carmel, California, United States · 2 investments in South Africa Financial Services startups

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

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Nigeria, Egypt

Investor stats

  • Total investments: 111
  • Round size: Seed $100k–$3.2M; Pre-Seed $100k–$2M; Series A $250k–$15M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Craydel — Get Professional career guidance based on Psychometric Assessments and get scholarships to the best MBA, Engineering, Medical, Education online and on campus courses in Africa and Abroad.
  • EMTECH — For Modern Central Banking
  • Terragon Group — Terragon is a leading Data and Marketing Technology company that uses data and analytics to help companies focused in Africa, intelligently connect at scale to their customers. We use an aggregation of online and offline data, and predictive scoring to help brands, marketing agencies and platforms accurately target people across channels anddevices. Headquartered in Lagos; Nigeria, we also have a presence in Kenya, South Africa, Ghana and India.
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Kleiner Perkins
VC Fund · Menlo Park, California, United States · 2 investments in South Africa Financial Services startups, 14 in the past 12 months

Kleiner Perkins is an American venture capital firm headquartered on Sand Hill Road in Menlo Park in Silicon Valley.

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Investment focus

  • Industry: Software, Health Care, Information Technology
  • Stage:Series B, Series A, Series C
  • Geography: United States, China, United Kingdom

Investor stats

  • Total investments: 966
  • Round size: Series A $4.1M–$30M; Series B $10M–$50M; Series C $10M–$100M
  • Lead/follow: 29% lead, 71% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Series — Series provides full-stack enterprise financial services designed for institutions & enterprises.
  • Flagship — Flagship develops a SaaS data science solution that brings predictive machine-learning intelligence to retail. Its centralized platform helps businesses make timely, data-driven decisions across internal stakeholders and channels. Flagship enriches retail brands' first-party data with machine learning algorithms to optimize customer retention,inventory sell-through, and revenue.
  • Lightforce Orthodontics — LightForce Orthodontics, founded in 2015, makes the world’s first and only fully customized 3D-printed bracket system that is based on the anatomy and tooth morphology of each patient. The company’s mission is to apply modern technology and mass-customization to improve the orthodontic experience for both patients and doctors. LightForce’s platformunites the latest in digital treatment capabilities with cutting-edge, on-demand, 3D manufacturing to offer clinicians the first significant advancement in bracket-based treatment protocol in the past 50 years. A first-of-its-kind in the orthodontic space, Lightforce offers an unparalleled platform for orthodontists and LightForce technicians to collaborate on treatment plans for each individual patient. The company’s solution significantly reduces patient visits to the orthodontist and time spent wearing braces by providing 100 percent fully-customized solutions that improve both convenience and quality, ensuring patients receive the gold standard of care.
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Newtown Partners
VC Fund · Cape Town, NA - South Africa, South Africa · 2 investments in South Africa Financial Services startups

Newtown Partners is a venture capital firm that actively invests in emerging, disruptive technology startups.

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Investment focus

  • Industry: Logistics, Health Care, Information Technology
  • Stage:Seed, Series A
  • Geography: South Africa, Kenya, Nigeria

Investor stats

  • Total investments: 20
  • Round size: Seed $600k–$5.5M; Series A $3.6M–$7M
  • Lead/follow: 35% lead, 65% follow

Portfolio highlights

  • BeyondTrucks — Vertical SaaS
  • Lami — Lami is an end-to-end digital insurance platform and API that enables companies across sectors to offer insurance products. Its API allows underwriters to connect with consumer-facing companies that can provide embedded insurance as a value add for existing customers, many of whom are uninsured.
  • Complete Farmer — We are providing cutting-edge technological farming protocols and innovations with a unique business model and logistics that are revolutionizing...
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Accion Venture Lab
VC Fund · Washington, District of Columbia, United States · 2 investments in South Africa Financial Services startups, 9 in the past 12 months

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

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Seed, Series A
  • Geography: United States, India, Brazil

Investor stats

  • Total investments: 104
  • Round size: Seed $500k–$6.4M; Series A $2.5M–$7.5M
  • Lead/follow: 36% lead, 64% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Licify — Licify, a procurement cloud-based platform specialized in the construction industry, has redefined interactions between developers, contractors, sub-contractors and suppliers. It creates a community developing transparent and efficient realtionships allthrough the value chain. This improves the procurement and supply processes, generating savingsand increasing profitability.
  • Bababos — Bababos is a platform that allows SME manufacturers to quickly access a variety of high-quality raw materials, from polymers and chemicals to steel and other metal products. This eliminates the need to handle numerous suppliers. The company's platform streamlines the buying process by digitizing administrative duties. Additionally, Bababosprovides manufacturers with flexible payment options that lessen their financial burden and enable them to concentrate on what they do best—producing high-quality products. Bababos enhances the SME producers' supply chains.
  • Channel19 — Channel19 is building a platform for small truckers to aggregate freight from all of their digital broker and load board relationships in one place and find the best freight to move for their business. Truckers using Channel19 earn up to 20% more revenue and can save over $3,000 per truck per year in dispatch.
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UW Ventures
VC Fund · Johannesburg, NA - South Africa, South Africa · 2 investments in South Africa Financial Services startups

UW is a multi-stage investor that provides growth and replacement capital across the equity-cycle. Its activities span from high-growth venture to mid-market private equity opportunities.

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Investment focus

  • Industry: FinTech, Payments, Insurance
  • Stage:Seed, Series A
  • Geography: South Africa

Investor stats

  • Total investments: 7
  • Round size: Seed $431k–$2.5M; Series A $1.6M–$31M
  • Lead/follow: 55% lead, 45% follow

Portfolio highlights

  • Synatic — Synatic is a unified platform that enables your business to integrate and automate systems and services without sacrificing enterprise features and security.
  • MFS Africa — MFS Africa is the largest mobile money inter-operability hub in Africa, which connects mobile network operators across the continent through a single API. In addition to mobile remittance services, the MFS Africa API enables merchant payment, bulk payment, bank-to-wallet transfers, and an array of other cross border digital payments services.
  • Peach Payments — Get Peach as your Payment Gateway and Grow your ecommerce. Process online payments with Visa, Mastercard, Debit Orders, EFT payments, and subscriptions. Plugins for Wix, Shopify, WooCommerce.
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Technology Innovation Agency
VC Fund · Pretoria, NA - South Africa, South Africa · 2 investments in South Africa Financial Services startups

TIA is an initiative of the Department of Science & Technology (DST) in South Africa, to enable and support technological innovation.

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Investment focus

  • Industry: Information Technology, Renewable Energy, Health Care
  • Stage:Grant, Seed, Pre-Seed
  • Geography: South Africa

Investor stats

  • Total investments: 13
  • Round size: Seed $46k–$318k; Grant $20k–$1M
  • Lead/follow: 92% lead, 8% follow

Portfolio highlights

  • Jobox — Jobox is a student recruitment platform, built to connect employers, students and graduate career offices. Our focus is to improve graduate employability by ensuring all students have the skills they need to enter, stay in, and progress in the world of work.Jobox’s ecosystem provides employers with access to the best diverse & youthfultalent, students with more employment opportunities and universities with data-driven insights aimed at driving graduate employability forward.
  • Aviro Health — We believe that empowering and supporting people to manage their own health benefits everybody.We built the Aviro Pocket Clinic to support self-care and provide access to services. We give people what they need to perform important health checks like regular HIV self-testing and connect them to experts and services who can offer hands-on and supported care when needed.
  • Ownedby Technologies — Ownedby is an interactive asset management solution for business and household assets, focused on appliances and devices, giving these unique identity that is traceable online, yet linked to and controlled by owners.
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Crossfin Technology
VC Fund · Cape Town, NA - South Africa, South Africa · 2 investments in South Africa Financial Services startups

Crossfin invests in FINTECH solutions to enable growth for economies in Africa and beyond. Crossfin invests in high growth and established cash generative businesses, offering investors a blended exposure to technology investments in Fintech.

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Investment focus

  • Industry: Payments, Financial Services, Information Technology
  • Stage:Series A, Private Equity
  • Geography: South Africa, United States, Russian Federation

Investor stats

  • Total investments: 14
  • Lead/follow: 43% lead, 57% follow

Portfolio highlights

  • Adumo — We are your expert partner in payments, enabling you to seamlessly and securely accept payments in-store and online with our true omni-channel experience. Never miss a sale with South Africa's largest independent payments processor.
  • My-iMali — My-iMali is a mobile wallet solution used for safe and secure transactions. Pay any number of people for only R1.25, including Staff & Students.
  • VantagePay — VantagePay provides white-label payment and technology solutions to the Banking, Telco, Financial Services, and Consumer Product Industries.
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Boost VC
VC Fund · San Mateo, California, United States · 2 investments in South Africa Financial Services startups, 17 in the past 12 months

Boost VC: The Pre-Seed Fund Making Sci-FI a Reality. Investing in crypto, virtual reality, augmented reality, AI, Ocean Tech, Space Tech, human augmentation, exoskeletons and more.

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Investment focus

  • Industry: Software, Virtual Reality, Blockchain
  • Stage:Seed, Pre-Seed
  • Geography: United States, Canada, United Kingdom

Investor stats

  • Total investments: 171
  • Round size: Seed $405k–$4.4M; Pre-Seed $70k–$2.1M
  • Lead/follow: 17% lead, 83% follow
  • Last fund: Likely still investing — raised $100M in 2022

Portfolio highlights

  • ShapesXR — ShapesXR is a provider of a web-based platform for content creation and collaboration for VR applications.
  • Space DOTS — The first modular pico-labs for active in-space testing of advanced materials, from LEO to Cis-lunar and Interplanetary orbits.
  • Cascade Biocatalysts — Cascade Biocatalysts is built on a novel way to immobilize enzymes. Our technology keeps enzymes active and stable under difficult industrial conditions.
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Soma Capital
VC Fund · San Francisco, California, United States · 2 investments in South Africa Financial Services startups, 46 in the past 12 months

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

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, Mexico

Investor stats

  • Total investments: 324
  • Round size: Seed $1M–$6M; Pre-Seed $150k–$3.6M; Series A $2.1M–$22M
  • Lead/follow: 3% lead, 97% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • 0xPass — Frictionless auth and login for your dapp
  • Arkifi — Arkifi is an artificial intelligence company that develops AI-powered financial analyst tools. Arkifi's framework generates consistent results that avoid fabricating factual details (referred to as "hallucination"), instilling enterprises with an unmatched level of confidence in the outcomes.
  • Gradia Health — Gradia is an integrated, concierge care platform designed for clinics to support patients with chronic conditions.
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Hustle Fund
VC Fund · San Carlos, California, United States · 2 investments in South Africa Financial Services startups, 35 in the past 12 months

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.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Singapore, Canada

Investor stats

  • Total investments: 205
  • Round size: Seed $958k–$5.4M; Pre-Seed $77k–$1.5M; Series A $2.1M–$40M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Deskree — Generate a complete and scalable back-end infrastructure with tons of features via a web interface. Infinitely scalable & truly independent.
  • EquityList — Equity management with online cap table management and employee stock option programs (ESOP) administration. Available free for Indian startups
  • Series — Series provides full-stack enterprise financial services designed for institutions & enterprises.
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Sound Ventures
VC Fund · Beverly Hills, California, United States · 2 investments in South Africa Financial Services startups, 13 in the past 12 months

Sound Ventures is a venture capital firm that seeks to invest in the technology sector.

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Investment focus

  • Industry: Software, FinTech, Financial Services
  • Stage:Seed, Series A, Series B
  • Geography: United States, Canada, Israel

Investor stats

  • Total investments: 177
  • Round size: Seed $2M–$7.9M; Series A $8M–$30M; Series B $15M–$85M
  • Lead/follow: 7% lead, 93% follow
  • Last fund: Likely still investing — raised $243M in 2023

Portfolio highlights

  • Matter. — We are an innovation company pioneering technology solutions for capturing, harvesting and recycling microplastics.
  • Hugging Face — Hugging Face is an open-source & platform provider of machine learning technologies. Hugging Face was launched in 2016 and is headquartered in New York.
  • Conductive.ai — Conductive.ai is an engagement platform for game developers to motivate players to increase player lifetime value.
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DCG Expeditions
VC Fund · Hong Kong, Hong Kong Island, Hong Kong · 2 investments in South Africa Financial Services startups

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

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Investment focus

  • Industry: Financial Services, FinTech, Blockchain
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, India, Nigeria

Investor stats

  • Total investments: 23
  • Round size: Seed $800k–$10M; Pre-Seed $350k–$1.5M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Onmeta — Onmeta
  • Anchor — Anchor is a Lagos-based banking-as-a-service platform for African businesses. Anchor provides APIs and infrastructure to build, embed and launch powerful financial products in a secure and scalable way.
  • Sealance Corp. — Sealance provides financial services, cryptography and other services.
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500 Fintech
VC Fund · San Francisco, California, United States · 2 investments in South Africa Financial Services startups

500 Fintech

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Investment focus

  • Industry: FinTech, Financial Services, Finance
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Vietnam, South Africa

Investor stats

  • Total investments: 9
  • Lead/follow: no public data

Portfolio highlights

  • Kilo — Kilo develops a retail platform that provides retailers access to price, assortment, and inventory management. The platform is designed specifically to serve small and medium-sized retailers. The Kilo network effect creates a virtuous growth cycle for both supply and demand.
  • Stitch — One API integration for all online payments across South Africa. Accept Instant EFT, debit + credit card, cash, direct deposit and debits. Manage + reconcile digital payments and send payouts.
  • finally — Back Office is a technology-based company that helps small businesses by automating their bookkeeping and accounting. It is a one-stop source for building a strong and vital company back office. Small and medium-sized businesses looking for administrative and operations services, including on-demand experts and back-office personnel turn to themfor help succeeding with their businesses each and every day.Back Office.co was founded in 2018 and is based in West Palm Beach, Florida, United States.
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Allan Gray
VC Fund · Alfred, New York, United States · 2 investments in South Africa Financial Services startups

Allan Gray is privately owned investment management company focused on generating long-term wealth for investors.

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Investment focus

  • Industry: Insurance, Health Care, SaaS
  • Stage:Seed, Series A
  • Geography: South Africa, United States

Investor stats

  • Total investments: 10
  • Round size: Seed $431k–$4M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Mobiz — Supercharge your SMS marketing with dynamic, high-converting landing pages sent directly into the hands of your customers.
  • Sendmarc — Stop cyber criminals from sending emails using your domain and protect your customers, suppliers and employees from cyber attacks with DMARC Security.
  • MFS Africa — MFS Africa is the largest mobile money inter-operability hub in Africa, which connects mobile network operators across the continent through a single API. In addition to mobile remittance services, the MFS Africa API enables merchant payment, bulk payment, bank-to-wallet transfers, and an array of other cross border digital payments services.
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AlphaCode Club
VC Fund · Gauteng, NA - South Africa, South Africa · 2 investments in South Africa Financial Services startups

AlphaCode is a club for next generation financial services entrepreneurs. They are building a world-class financial services eco-system that brings together entrepreneurs, intrapreneurs, industry experts, thought leaders and partner organisations. By connecting, sharing knowledge and developing unique insights, AlphaCode aims to transform thefinancial services industry.

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Investment focus

  • Industry: Financial Services, FinTech, Automotive
  • Stage:Grant, Debt Financing
  • Geography: South Africa, United Kingdom

Investor stats

  • Total investments: 26
  • Round size: Grant $24k–$108k; Debt Financing $131k–$655k
  • Lead/follow: 73% lead, 27% follow

Portfolio highlights

  • Abela — Abela is a mobile payments platform that allows the underserved to make and receive payments.
  • Vocalysd.ai — Vocalysd is a customer-centric, AI-powered insights tool. Vocalysd unlocks usable, easy-to-digest insights from your conversational data. These insights are key to optimising client interactions and enhancing your customers' experience.
  • Welo Health — Welo Health is an innovative Healthtech Company. It to provide at-home health services.
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Newid capital
VC Fund · Alexandria, Virginia, United States · 2 investments in South Africa Financial Services startups

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

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Investment focus

  • Industry: Financial Services, FinTech, Credit
  • Stage:Series A, Seed, Series B
  • Geography: India, Kenya, Turkey

Investor stats

  • Total investments: 10
  • Round size: Seed $1.3M–$1.3M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • Lulalend — Financial provider for SME business banking accounts, business funding, and trade capital in South Africa. Do not delay. Click now to learn more and start today!
  • NOW Money — NOW Money is the UAE's first digital payroll and mobile bank service developed specifically for low income workers.
  • Apollo Agriculture — BRINGING COMMERCIAL FARMING TO EVERYONE Andrew, 3 acre maize farmer and Apollo customer
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4DX Ventures
VC Fund · Brooklyn, New York, United States · 2 investments in South Africa Financial Services startups

4DX Ventures is a Pan-Africa Focused Venture Capital Firm. Our mission is to connect people, ideas, and capital to create a vibrant African community.

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Investment focus

  • Industry: FinTech, Information Technology, Financial Services
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Egypt, United States, Kenya

Investor stats

  • Total investments: 66
  • Round size: Seed $431k–$13M; Pre-Seed $40k–$6.5M; Series A $3M–$20M
  • Lead/follow: 35% lead, 65% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Tactyc — Tactyc is an easy-to-use portfolio construction, forecasting and management software for venture funds.
  • Zoie Health — Zoie is a digital health firm for women that provides family planning, fertility, and maternity care services.
  • Money Fellows — MoneyFellows digitizes the ROSCA model, enabling group lending and savings.
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Edge Growth
VC Fund · Johannesburg, NA - South Africa, South Africa · 1 investments in South Africa Financial Services startups

We are SME Development Solutionists, co-creating innovative solutions that combat business growth constraints.

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Investment focus

  • Industry: Software, Education, Accounting
  • Stage:Seed, Debt Financing
  • Geography: South Africa

Investor stats

  • Total investments: 4
  • Lead/follow: 50% lead, 50% follow
  • Last fund: May invest from a new fund soon — raised $19M in 2013

Portfolio highlights

  • I-G3N — I-G3N is a South African developer of lithium-ion batteries. The company’s core market is on stationary storage in conjunction with Solar PV and focuses on superior products and on the incorporation of the latest technologies to battery functionality. One of the key focus areas is on exporting to the SADC region and the rest of Africa, asextraordinary opportunities exist on the rest of the continent, especially in the development of mini and micro-grids to impact development.
  • Syafunda — Syafunda is an educational platform that provides access to digital content through mobile technology. Inspired by personal experiences growing up in townships where there was a shortage of textbooks and math and science teachers.
  • ProfitShare Partners — ProfitShare Partners utilises tech to fast-track SME performance and delivery through its profit-sharing business model. ProfitShare Partners financially partners on transactions with SMEs to deliver successfully on their orders and contracts with reputable organisations, allowing them to access bigger business and grow exponentially in shortperiods of time.
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Development Partners International
VC Fund · London, England, United Kingdom · 1 investments in South Africa Financial Services startups

Development Partners International (“DPI”) is a leading Pan-African private equity firm, with strong local knowledge and an established track record of investing in Africa.DPI was established in 2007 by co-founders Miles Morland and Runa Alam, both pioneers of African investment, with a vision to build a leading pan-African private equity firm.Today, DPI manages over US$1.1bn of assets across two private equity funds.Through its world class team with over 100 years of aggregate African investment experience, DPI has invested in 19 portfolio companies operating across 27 countries.The investment team is 100% African and over 40% of the DPI team is made up of women. They possess the local network, knowledge and language skills to source and invest in transactions throughout the continent.

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Investment focus

  • Industry: Financial Services, Manufacturing, Retail
  • Stage:Private Equity, Series A
  • Geography: Egypt, Morocco, South Africa

Investor stats

  • Total investments: 23
  • Round size: Private Equity $20M–$165M
  • Lead/follow: 57% lead, 43% follow
  • Last fund: May invest from a new fund soon — last raise in 2018

Portfolio highlights

  • Kazyon — Kazyon is the largest Egyptian discount supermarket chain with over 450 stores in 17 governorates.
  • Ukheshe Technologies — Ukheshe Technologies is a technology company with a single API to integrate our fully digital financial services, including wallets, payment innovations and card issuing.
  • Marcyrl Pharmaceutical — Life is our Vision - Health is our Mission
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Jigsaw VC
VC Fund · St. Helier, NA - Jersey, Jersey · 1 investments in South Africa Financial Services startups

Jigsaw VC website

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Investment focus

  • Industry: Financial Services, Software, Artificial Intelligence
  • Stage:Series A, Seed, Series B
  • Geography: United Kingdom, India, Kenya

Investor stats

  • Total investments: 13
  • Round size: Series A $5M–$8.8M; Series B $82M–$82M
  • Lead/follow: 36% lead, 64% follow

Portfolio highlights

  • Bamba — Smart, simple, digital
  • Kaizan — Kaizan is a Client Intelligence Platform for Client Success teams to retain and grow revenue
  • Bamba — Today, organizations spend a lot of money on physical data gathering exercises using old-fashioned paper-based methods. These methods result in expensive, severely delayed and incomplete data . With Bamba, a client can launch a data collection exercise anywhere in the world simply from the comfort of their web browser and the client can ensureindividuals respond with complete answers by paying those individuals for that data with mobile airtime in 122 different countries thus far.
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Five35 Ventures
VC Fund · Gauteng, NA - South Africa, South Africa · 1 investments in South Africa Financial Services startups

Five35 Ventures is committed to unlocking capital and growth opportunities for female-focused early-stage African technology startups.

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Investment focus

  • Industry: Information Technology, Health Care, Marketplace
  • Stage:Pre-Seed, Seed
  • Geography: South Africa, Kenya, Nigeria

Investor stats

  • Total investments: 15
  • Round size: Seed $1M–$1.6M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • LNKO — Trendy and affordable screen protection glasses, with or without prescription
  • Buupass — BuuPass is Kenya's market leader for online bus booking. We enable travelers to reserve seats and make payments in a convenient and timely way. Try BuuPass today!
  • LocumBase — Freedom and flexibility - Connecting freelance medical pros with practices, clinics and hospitals in real time.
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Ingressive Capital
VC Fund · Lagos, Lagos, Nigeria · 1 investments in South Africa Financial Services startups

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

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Investment focus

  • Industry: Financial Services, FinTech, Information Technology
  • Stage:Pre-Seed, Seed, Series A
  • Geography: Nigeria, United States, Ghana

Investor stats

  • Total investments: 25
  • Round size: Seed $400k–$2.2M; Pre-Seed $500k–$2.1M; Series A $10M–$15M
  • Lead/follow: 28% lead, 72% follow
  • Last fund: Likely still investing — fund raised in 2021

Portfolio highlights

  • Gamp — Gamp is an IT services provider that offers device protection plans and repair support for tech users and businesses.
  • 54gene — 54gene is a healthcare startup unlocking the African genome to fuel genetic research and development that may lead to new discoveries and benefit all populations.54gene was founded in 2019 by Dr. Abasi Ene-Obong to address the significant gap in the global genomics market: Nearly 90% of genetic material used in pharmaceutical research iscaucasian. Only 2% is African, despite the fact that Africans and people of African ancestry are more genetically diverse than all other world populations combined. As a result, pharmaceutical research and development is lacking the diverse data that may hold the key to medical discoveries and new healthcare solutions.
  • Subsbase — Discover the future of recurring revenue management with Subsbase. Streamline your operations, boost growth, and elevate customer experiences with our cutting-edge platform.
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Velocity Capital Fintech Ventures
VC Fund · Driebergen, Utrecht, The Netherlands · 1 investments in South Africa Financial Services startups

We are a venture capital firm that invests in fintech companies with unstoppable founders. We provide early stage (no seed) capital funding.

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Series A, Series B, Seed
  • Geography: The Netherlands, United Kingdom, United States

Investor stats

  • Total investments: 27
  • Round size: Seed $1.1M–$1.2M; Series A $3M–$12M; Series B $5.5M–$25M
  • Lead/follow: 52% lead, 48% follow
  • Last fund: May invest from a new fund soon — last raise in 2019

Portfolio highlights

  • Yoco — Yoco is a point-of-sale payments provider for small businesses in Africa. Yoco helps 100,000 small businesses in South Africa get paid in-store, online, and on the go. Yoco was named one of the top 250 most promising fintech companies by CB Insights for the last 3 years running.The company was founded in 2013 and is based in Cape Town, SouthAfrica.
  • Gotrade — Making investing fun, fair and simple. Join over 500,000 investors investing in fractions of companies like Google, Apple & Netflix from as little as $1.
  • The Social Handshake — With Payroll Giving you make it easier and more financially attractive for your employees to give to charity. Directly from their salary.
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Sherpa Africa Partners
VC Fund · 1 investments in South Africa Financial Services startups

A venture fund for pre-seed startups in Africa, led by Startup Operators, backed by Startup Operators.

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Investment focus

  • Industry: Emerging Markets, Financial Services, Credit
  • Stage:Pre-Seed, Seed
  • Geography: Togo, South Africa, United States

Investor stats

  • Total investments: 4
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Sava — Sava is a multi-management platform that provides an unlimited number of virtual cards as well as automated accounting reconciliation.
  • MIA Group — MIA Group is a consumer internet company in Francophone Africa. We are on a mission to make commerce easy through a digital ecosystem fulfilling the everyday needs of consumers online and offline.Our businesses include Miaplenou.com: The largest online retail platform operating in Togo, Benin, Mali, Niger, and Burkina Faso. Launched 2012.Kiosk: online reselling App that enables anyone to start a business without investment. Launched 2021.MiaPay: QR code payment and lifestyle services
  • Boost Technology — Enabling informal small businesses to thrive in Africa's emerging digital economy
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Lireas Holdings
VC Fund · 1 investments in South Africa Financial Services startups

Lireas Holdings

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Investment focus

  • Industry: FinTech, InsurTech, Insurance
  • Stage:Series A
  • Geography: South Africa, United States

Investor stats

  • Total investments: 2
  • Lead/follow: no public data

Portfolio highlights

  • LifeQ — We empower everyone to delay aging, optimize your health, harness more energy, reduce the probability of disease, and understand why and how your body is changing, right now! It is in your power to be your biologically younger self.
  • Pineapple — In short, Pineapple see the traditional insurance model, user journey and products as lacking and set out to remedy these by doing the following: 1) Changing the business model to align incentives, show people how premiums are used and award members leftover premium back 2) Making insuring as easy as snapping a picture where AI does the rest andcover is issued in under 60 seconds 3) Allowing per-item insurance and new product innovation to address cover not currently offered or accessible to manyPineapple launched in South Africa in 2018 with their "My Stuff" per-item insurance and have since launched their auto offering "My Ride". They have also partnered with Travelers in the US and have white-labeled their platform in the US.
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Breega
VC Fund · London, England, United Kingdom · 1 investments in South Africa Financial Services startups, 12 in the past 12 months

VCs use all sorts of tricks to attract the best companies. We do too. But as founders, we know that the main reason you choose an investor to be a part of your journey is because you like them. You trust them. Their values align with yours.

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Investment focus

  • Industry: FinTech, Software, Financial Services
  • Stage:Seed, Series A
  • Geography: France, United Kingdom, United States

Investor stats

  • Total investments: 111
  • Round size: Seed $750k–$4.3M; Series A $3.5M–$21M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • Kovalee — Kovalee is a mobile app publisher. They empower app creators. They partner with app owners through a publishing model and bring their apps to the top of the charts. They provide product enhancement, monetization boost, user acquisition, and app store optimization services.
  • EyeLights — EyeLights is a Head Up Display GPS. It allows motobikers to truly experience the ride by keeping their eyes on the road. Eyelights is the first universal motorcycle accessory that projects guidance, danger zones and traffic directly into your field of vision. A dangerous bend, a nearby stopper or speed over limitations, EyeLights warns you. Simple,uncluttered, they adapted the display for motorcycle riding.The EyeLights product installs in less than 5 minutes on your full-face, convertible or jet helmet. Their compact optical technology allows you to view your GPS more than 2 meters away while enjoying audio functions for more than 8 hours. The product is compatible with sun visors, insensitive to rain or fog and weighs less than 100g.
  • PIXmania.com — PIXmania is a pan-European electrical e-tailer operating in 26 countries. PIXmania has been growing its market positions across Europe while leveraging the benefits of being part of the Dixons Retail Group. Pixmania now serves more than 7 million customers over Europe with a wide range of product categories.
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Beryl Group
VC Fund · Sandown, NA - South Africa, South Africa · 1 investments in South Africa Financial Services startups

Beryl Group is a proprietary investments company with equity holdings in logistics, energy, mining, and financial sector companies.

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Investment focus

  • Industry: Banking, FinTech, Finance
  • Geography: South Africa

Investor stats

  • Total investments: 1
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Bettr — Bettr is a digital banking app for creator. Download the app to get your zero monthly fee digital bank account and virtual card. Join our community of creators, gamers, influencers, freelancers, tiktokkers, streamers, YouTubers and digital gig workers.
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ARCH Emerging Markets Partners
VC Fund · London, England, United Kingdom · 1 investments in South Africa Financial Services startups

ARCH is a specialist emerging markets investment advisor with deep experience of emerging markets, private equity, asset management and legal and governance matters over many decades.

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Investment focus

  • Industry: Solar, Finance, Consumer
  • Stage:Series D, Debt Financing, Private Equity
  • Geography: Kenya, South Africa, United States

Investor stats

  • Total investments: 4
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • CrossBoundary — CrossBoundary recently formed CrossBoundary Energy, the first dedicated investment fund for Commercial and Industrial solar in Africa.Many businesses in Africa generate a significant portion of their own electricity through inside-the-fence diesel generation. Due to the cost of diesel, it would be economically and environmentally optimal forthese businesses to switch to renewable generation through solar and other alternatives. However, businesses are ill equipped to take the financial and technical risk to finance a conversion to renewables. At the same time, capital lacks a standardized platform to access these profitable but relatively small transactions.CrossBoundary Energy is a platform to aggregate finance for medium scale renewable self-generation. The platform finances renewable generation projects (0.2MW-10MW) that serve commercial customers in Africa such as off-grid light manufacturing, cell towers, farms, remote hospitals, eco-lodges and beverage bottlers. Our goal is to enable the delivery of energy-as-service and unlock the latent opportunity for renewable own-generation in Africa.
  • Sun King — Sun King solar lanterns and home systems enables underserved communities to achieve more with inclusive distribution and flexible financing options.
  • The Sun Exchange — The Sun Exchange is the peer-to-peer solar leasing marketplace. We leverage financial innovation and the power of the crowd to drive sustainable energy development and make the environmental, social and economic benefits of solar accessible and affordable for all. Through the Sun Exchange online platform, anyone, anywhere in the world, can buyremotely-located solar cells and then lease them to power businesses and organisations in sunny emerging markets. Solar cell owners earn income from the electricity that’s generated, while schools, businesses, clinics and other organisations gain access to affordable clean energy, reducing electricity costs and carbon emissions.
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Apis Partners
VC Fund · London, England, United Kingdom · 1 investments in South Africa Financial Services startups

Apis Partners LLP backs growth financial services innovators who create transformative impact in their communities.

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Investment focus

  • Industry: Financial Services, Payments, FinTech
  • Stage:Private Equity, Series B
  • Geography: India, Singapore, South Africa

Investor stats

  • Total investments: 32
  • Round size: Series B $5.4M–$110M; Private Equity $5M–$120M
  • Lead/follow: 70% lead, 30% follow
  • Last fund: May invest from a new fund soon — raised $550M in 2019

Portfolio highlights

  • Adumo — We are your expert partner in payments, enabling you to seamlessly and securely accept payments in-store and online with our true omni-channel experience. Never miss a sale with South Africa's largest independent payments processor.
  • Money View — Money View is an application that is able to track and organize expenses, bills, and account balances. It is able to derive finance information from SMSs.Money View enables its users to set and follow budgets, view their bank account balance, obtain reminders about bills, and spit bills with the other users. It also facilitates Savings+ andTaxSaver+ that allows its users to save money.Money View was founded in April 2014 by Sanjay Aggarwal and Puneet Agarwal. It is based in Bangalore, Karnataka.
  • Peach Payments — Get Peach as your Payment Gateway and Grow your ecommerce. Process online payments with Visa, Mastercard, Debit Orders, EFT payments, and subscriptions. Plugins for Wix, Shopify, WooCommerce.
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Financial Services VC funding in South Africa at a glance

Stats across 147 deals from 187 investors.

187
investors
in South Africa Financial Services startups
147
deals
in South Africa Financial Services startups
$1.4M
median round
in South Africa Financial Services startups
45%
lead investors
lead at least one round
23%
Seed
most common funding stage

Access all 187 VC funds in South Africa Financial Services startups.

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