Top 50 FinTech Angel Investors in Africa in October 2023

Portfolio highlights

• tushop — Enabling communities to reduce the cost of living together
• Curacel — Curacel creates APIs & tools that enable businesses to embed insurance in digital channels and to administer claims cost-effectively.
• Afropolitan — Afropolitan is building a Network State to unleash the maximum potential of Africans around the world. Are you interested? Join us with your email.

Portfolio highlights

• Zazuu — Zazuu is a platform for sending money across the border.
• Curacel — Curacel creates APIs & tools that enable businesses to embed insurance in digital channels and to administer claims cost-effectively.
• 24seven.pk — 24seven.pk is using tech and data to digitize and disrupt the fresh food and FMCG verticals in one of the fastest-growing and rapidly evolving consumer markets in the world.

Portfolio highlights

• tushop — Enabling communities to reduce the cost of living together
• Curacel — Curacel creates APIs & tools that enable businesses to embed insurance in digital channels and to administer claims cost-effectively.
• Afropolitan — Afropolitan is building a Network State to unleash the maximum potential of Africans around the world. Are you interested? Join us with your email.

Portfolio highlights

• Alvin — Highly accurate, automated column-level lineage, powering your data workflows.
• BeTRITON — 100% electric recreational vehicle - revolution in sustainable travel. BeTRITON (formerly known as Z-Triton) offers extraordinary experience and freedom to travel both over land and water.
• Around — The largest network of workspaces on flexible terms. We are a savvy team from Latin America providing fast-growing companies with on-demand access to flexible office space. Everywhere.We believe work at its best is always creative and collaborative, expressed with freedom, autonomy, and purpose; and the space surrounding us should help us achieveit, anywhere & everywhere.We are shaping the future of work today by improving workspaces and the rules around them, and helping innovative teams find their ideal space to make their best work every day — our first step on a journey to change the way we work and think about work.Our best work. Anywhere. Everywhere. We are Around.

Portfolio highlights

• Sync Savings — Rebuilding the infrastructure of cash savings
• Superlayer — Superlayer drives better performance for sales teams, leveraging and automating best practices to close more deals in less time.
• Morphoses — Unlocking Potential: Empowering 6-17 Year-Old Learners with Future-Focused Soft Skills for Education and Employability

Portfolio highlights

• Planet42 — Having your own car has never been easier. Planet42 is a vehicle rental company offering rent-to-buy car service for private clients.
• Mentornaut — Mentornaut is a new online tutoring platform is aiming to increase inclusion in personalized education and counts Super angel, United Angels VC, and a list of EdTech advocates like Bolt co-founder Martin Villig, and Clanbeat co-founder Kadri Tuisk among its investors.
• StudentFinance — Catapult your career with leading re-skilling and up-skilling bootcamps. Study now and pay us back once you land a job & start earning!

Portfolio highlights

• Awesomic — Get matched with the best-fit designer on a fixed budget with no stress. Place a design task and see the first results on the next business day. Start today!
• Artifact — Artifact helps capture important memories with ease by creating personal podcasts with the people of customers choice.
• Superorder — The top off-premise operating system for restaurants. Focus on making the food that you love and we'll take care of the rest.

Portfolio highlights

• Wealth8 — Wealth8 is a black-owned investment platform that provides a simple and affordable way for the black community to save & invest in globally managed funds.
• Afropolitan — Afropolitan is building a Network State to unleash the maximum potential of Africans around the world. Are you interested? Join us with your email.
• The Gradient Boost — The Gradient Boost is an online mentor guided data science school. The Gradient Boost focus on delivering an online data science education from both a theoretical and practical perspective.

Portfolio highlights

• Finerio Connect — Finerio is an automated and free personal finance platform in Mexico. Finerio allows users to link debit and credit accounts of the most important banks in Mexico while providing them insights on how to financially plan and save money.
• PowerCred — PowerCred is a one-stop API suite for clients to access alternate data from SMEs. Our integrated system provides real time connectivity which allows financial institutions to build better products to suit small business requirements. We have a network of data partners across categories which help us to build a robust and comprehensive intelligence system, allowing FIs to make more confident decisions, and empowering small businesses to focus on business growth.
• Chhotastock — ChhotaStock :Invest and Grow more.India's first small ticket size investment platform.

Portfolio highlights

• Yaga — Yaga is designed for everyone who wants to sell items online in a convenient and secure manner.
• Adam — Adam connects you with verified painters and decorators across whole Europe. Get an instant price estimate and book a painter for the next day already!
• Fuelfinance — We do your spreadsheets, graphs, and automations. You get P&L, CF, Financial Projections , Plan/Fact , Unit Economics, and finally, peace of mind. All in familiar to you Google Spreadsheets. Forget about months of integrations and insane setup costs. Starting from $999/month.

Portfolio highlights

• Get It Done Now — GIDN is a Nigerian Fintech Company targeting medium and low income population for Loans and Financial products. GIDN has in addition a cashless, mobile based community marketplace, with more than 5k members, and aims to regulate the informal economy and facilitate the purchase of Services and Digital Products.

Portfolio highlights

• AjoMoney — AjoMoney is making access to finance easy and flexible for the financially underserved individuals and SMEs willing to cover urgent needs, by digitizing the community financing rotating savings and credit association (ROSCA) model.With the AjoMoney technology-driven platform, individuals can save and access interest-free to low-interest credits,businesses can sell credit securely to customers who are saving with them under a cooperative model.
• Tyms Africa — Tyms is a financial management platform for businesses. Tyms Book is the ideal accounting solution for businesses interested in streamlining financial processes, facilitating collaboration, and optimizing workflows.
• Venco Platforms — VENCO automates visitor management, billing, and collections, as well as smart utility vending for communities across Africa.

Portfolio highlights

• Cycle App — Cycle is a horizontal platform made of flexible building blocks that you can use in customizable workflows. Your way of working shouldn't depend on your tools, they built Cycle so that product teams could ship the way that works for them.
• Journify — Activate trustworthy data for your business with Journify - the leading data activation platform for top data-driven companies. Sign up free!
• Exponential DeFi — View risk assessment ratings and expert research for 500+ decentralized finance pools from Exponential DeFi.

Portfolio highlights

• Bamba — Smart, simple, digital
• Finclusion Group — Enhancing financial inclusion in Sub-Saharan Africa through data driven lending.
• Kwik — Kwik Delivery is the fastest and most affordable delivery service for your businesses in Lagos, Abuja, and Ibadan. We deliver under 2 hours.

Portfolio highlights

• Jem — We give employers the ability to send company-wide communications, deliver payslips, manage leave & give employees access to their earnings, via WhatsApp.
• SimpliFi — SimpliFi is on a mission to democratize payments by building the leading Cards as a Service (CaaS) platform for MENA and Pakistan.
• ORDA — Process orders, accept payments, connect to logistic providers, engage with your customers + more. We equip you with everything you need to grow your business.

Portfolio highlights

• 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.
• Kavida.ai — Kavida helps procurement managers ensure on time deliveries and improve supplier collaboration.
• Renew Risk — Renew Risk is a software development firm that offers B2B SaaS solutions based on deep science for optimizing the financial lifetime of major renewable energy assets.

Portfolio highlights

• Alpha Direct — Alpha Direct is a Botswana-HQ, Africa-focused risk carrying Insurtech that is focused on using cloud, big data and AI to deliver compelling insurance products for Africa’s growing consumer market.The insurance sector in Africa is underpenetrated vs most of the World. Given affordability, accessibility and inflexibility, insurance is seen asbeing a product “that is only available to the rich”.The company has become the fifth largest short-term insurance underwriter in their home market in under 5 years, and is now focused on regional and continental expansion across Africa as well as entering the long-term insurance market. The company has a strong stable of intellectual property including software, trademarks and patents. The company recently won The African Insurance Award for Innovation of the Year, for their insurance in a box product sold through retail outlets (with a cloud-based activation and policy management platform) where they have acquired thousands of customers and are scaling up rapidly. Over the next 5 years Alpha Direct plans to expand its product offering to include long-term insurance products as well to expand its footprint to include South Africa, Kenya, Egypt and Nigeria. Alpha Direct plans to license its products and technology in 10 African countries outside those where it has a physical presence.
• Magenta Mobility — Magenta is in business of 'Enabling electric mobility and Making electricity clean'. Magenta has four business divisions: 1. Magenta ChargeGrid - EV Charging Solutions 1. Magenta Power - Clean Energy Systems 3. Magenta Infomatics - Information Technology for clean energy 4. Magenta EVET - Electric Vehicle based transport solutions
• Concept Medical — Concept Medical is driving innovation in medical devices, with a focus on developing technologies for drug delivery with a strong emphasis on intellectual property. Based in Tampa, Florida; Concept Medical has always striven to find solutions to improve and elevate health. With the attribute of being the first in class to take care of well-being ina natural way, it has committed itself to the fields of coronary artery disease and peripheral artery disease.

Portfolio highlights

• Casava — Casava is a financial services company that offers insurance and life microinsurance. Casava uses technology to provide world-class, trusted, and affordable insurance to everyone.
• Edukoya — Edukoya builds online education content and offers online tutoring for students and their parents.
• Jerry — Jerry is an AI, ML, and bot-powered car ownership app that saves customers time and money on car expenses. With its first product, Jerry redesigned and disrupted the century-old car insurance process, turning stacks of pages and hours of calls into a handful of clicks. The company was founded in 2017 and is based in Palo Alto, California.

Portfolio highlights

• Upmin — Upmin is an online platform for Real estate management and works as a Digital property manager
• TRIP — TRIP is the UK's most trusted CBD Oils and CBD Drinks Supplier. Shop the UK's best CBD oils available online with FREE UK Shipping.
• Finclusion Group — Enhancing financial inclusion in Sub-Saharan Africa through data driven lending.

Portfolio highlights

• BFree — BFree focuses its collection processes on sustainably leading customers out of debt by giving them back control over their finances.
• SureGroup — Commerce in Africa is deeply facilitated by cash, but cash-based transactions are expensive, unsafe, and difficult to track. Suregifts identified an opportunity to take advantage of the growth and adoption of the internet and all things digital in Africa by creating a simple, yet safe alternative currency to be utilised for specific purposes;Vouchers.At the core of what SureGifts does, is selling and maintaining an inventory of vouchers, which can be exchanged between two or more parties, and spent at a closed but extensive network of merchants across Africa for a near-unlimited assortment of goods and services.
• Encore Pay — Encore Pay is a UAE-based FinTech and Payment solutions provider.

Portfolio highlights

• Sudo — Sudo is an open API platform that enables businesses to embed powerful financial features into their products. Build in minutes, launch in days.
• CreditChek — Easily assess & verify credit worthiness in Africa.
• Carry1st — Carry1st develops and publishes enriching mobile games and content apps for African consumers.

Portfolio highlights

• Black Silver Capital — Black Silver Capital invests in and builds a portfolio of high growth companies and businesses with innovative business models, geared to existing and emerging institutions and their customers. We invest growth capital in the form of equity to be used to assist established, but still high-risk ventures in expanding activity such as creatingadditional traction launching products into diverse markets as well as creating new products & technology lines.
• Cyrrix Cybersecurity — At Cyrrix Cybersecurity, we understand the importance of protecting your business from online threats. Our team provides a full range of cybersecurity services to help safeguard your company's sensitive information and systems. We offer comprehensive risk assessments, penetration testing, and incident response planning to identify and addressvulnerabilities in your network. Our managed security services provide ongoing monitoring and threat detection to keep your business protected around the clock. With our help, you can rest easy knowing that your company's valuable assets are secure.
• Aesthetic Prosthetic Bionics — Biological Engineering, Bionics, Biomimetics, Hydraulics, Prosthetics, Neuroprosthetics, Exoskeleton Suits, Dynamics, Kinematics Robotics, Human-Robot Interaction, Artificial Organs, Artificial Intelligence, Quantum Computing, Knowledge Reasoning, Machine Learning, Natural Language Processing, Computer Vision, Robotics, Artificial GeneralIntelligence, Deep Learning, Bayesian Networks, Evolutionary Algorithms, Computational Neuroscience, Neurocybernetics, Cybernetics, Cognitive Science, Source Coding, Channel Coding, Algorithmic Complexity Theory, Algorithmic Information Theory, Information-Theoretic Security, Grey System Theory & Biotechnology

Portfolio highlights

• Klump — Use Klump to buy today, and pay in 4 equal instalments over 3 months! Businesses accept payments and increase conversion rate and revenue. The Easy Life! Try it now.
• Casava — Casava is a financial services company that offers insurance and life microinsurance. Casava uses technology to provide world-class, trusted, and affordable insurance to everyone.
• Remedial Health — We improve business to business access to medicines by providing such medicines from manufactures/registered distributors direct to large and small healthcare retail businesses (large pharmacies and remote chemist/PPMVs (Patent and Proprietary Medicine Vendors)) using technology to deliver just-in-time stock and provide financing and awide selection of inventory to such retail business.

Portfolio highlights

• Kosa — Kosa enables organizations across healthcare, hiring and HR, credit and risk, and insurance to build or deploy more inclusive technologies.
• Octamile — Octamile is Africa's best Embedded Insurance & Claims Automation solution for Insurers & B2C businesses. Get a quote today...
• Paystack — Over 60,000 businesses of all sizes use Paystack to collect payments with a modern, secure payment gateway.

Portfolio highlights

• Kippa — ## Build Setup
• Weel — With smart corporate cards and easy-to-use expense management software, Weel helps move your business forward. Try Weel for free today.
• Edukoya — Edukoya builds online education content and offers online tutoring for students and their parents.

Portfolio highlights

• Casava — Casava is a financial services company that offers insurance and life microinsurance. Casava uses technology to provide world-class, trusted, and affordable insurance to everyone.
• Earnipay — Earnipay empowers businesses to overcome their finance and people operations challenges and improve their employees' financial wellness
• Afropolitan — Afropolitan is building a Network State to unleash the maximum potential of Africans around the world. Are you interested? Join us with your email.

Portfolio highlights

• Axis — axis for Business enables small businesses to seamlessly manage employee payroll, salary advances, and expenses - all from one place.
• Finclusion Group — Enhancing financial inclusion in Sub-Saharan Africa through data driven lending.

Portfolio highlights

• Omnisient | Collaborative Consumer Intelligence — Omnisient is a privacy-preserving data collaboration platform that allows businesses to collaborate on data insights on consumer behaviour and preferences without sharing consumers' identities or contact information.
• 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.
• Termii — Termii is an online platform that helps teams secure repeat customers by sending personalized emails and SMS through multiple.Termii helps African businesses communicate with customers across SMS, email, voice, and instant messaging channels. The company was founded in 2014 and is based in Lagos, Nigeria.

Portfolio highlights

• Bamba — Smart, simple, digital
• Enter — Enter's Revenue Cycle Management & Medical Billing service makes healthcare Providers' and Patients' lives better. Increase revenue and delight patients with 100% transparency.
• 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.

Portfolio highlights

• FlexDesk — FlexDesk is creating a new evolution of the flexible workspace model. Remote workers use the platform to discover and book a dedicated desk or private office by the day. FlexDesk unlocks this inventory by partnering with office landlords and coworking operators that have furnished, underutilized space.
• SearchEye — Get tech-driven SEO at scale, speed and a fraction of the cost compared to traditional agencies. Acquire PR Mentions, Digital PR and Content.
• Volition — Volition is the largest marketplace of industrial components, built just for hardware teams. We make it easy to find and purchase off-the-shelf parts.

Portfolio highlights

• Theneo — Generate Stripe-like API docs in just a few clicks. We support OpenAPI, Postman, GraphQL and much more
• FloatPays — Floatpays help your employees achieve financial wellbeing by giving them early access to earned wages.
• Sundial Foods — Sundial Foods utilizes a macro and microstructural engineering approach to create plant-based meat alternatives for conscious consumers.The company is passionate about making the affordable, accessible, and nutritional value of plant-based meats, made from ingredients that customers know and created using simple processes.It is headquartered inBerkeley, California in 2019.

Portfolio highlights

• Knoma — Search hundreds of courses from leading schools and bootcamps. Learn now and pay later with Knoma and spread the cost with ethical finance
• Volume — Payment Infrastructure for the Internet
• Finclusion Group — Enhancing financial inclusion in Sub-Saharan Africa through data driven lending.

Portfolio highlights

• Finclusion Group — Enhancing financial inclusion in Sub-Saharan Africa through data driven lending.

Portfolio highlights

• Oze — OZÉ brings African small businesses into the digital era. It is an app that makes it easy for businesses to track sales, expenses, and customer information. The data is analyzed to provide tailored recommendations, reports, and business education. If the entrepreneur needs a little extra support, an OZÉ Coach is just a click away. As they are usingOZÉ to manage their business and learn how to run it better, we are learning about them. Using this data and machine learning, we can predict their credit risk and provide them with affordable capital from our banking partners. With over 20,000 registered users, OZÉ is the largest online community of SMEs in Ghana. The most exciting thing is that OZÉ works; 97% of businesses that have used OZE for at least 9 months are growing or profitable or both!
• Workbounce — Workbounce is the co-pilot for customer-facing team connecting tools like Google Drive, Notion, Slack with intelligent search and analytics.
• Atlas Metrics — The single source of truth for your ESG data

Portfolio highlights

• Fertifa — Fertifa is an innovative employer benefit solution making fertility care more accessible and affordable.The company works with employers to offer a valuable employee benefit which bridges the gap between an employer and their employees when dealing with the sensitivity and privacy of employees’ reproductive issues. It also offers guidance andadvice, next-generation fertility treatment, and access to a range of holistic services for the best chance of success. The company was founded in 2019 and based in London, United Kingdom.
• 1Bstories — Helping publishers and brands increase engagement and conversions using AI. Mobile, vertical, 60 second video formats made in an instant. Tell your story today!
• StudentFinance — Catapult your career with leading re-skilling and up-skilling bootcamps. Study now and pay us back once you land a job & start earning!

Portfolio highlights

• Even — Even is a health tech company and healthcare provider that partners directly with the top hospitals in the country to offer you unlimited diagnostics, consultations, and 50 lakh worth of hospitalisations all with one monthly subscription cost.
• Surfboard — Surfboard; Simpler, smarter and fairer scheduling software for customer support teams at scale. Click to learn more about Surfboard.
• Fuse Energy — Tesseract offers commission-free energy; 10x cheaper; 10x better, and 100 percent renewable energy.

Portfolio highlights

• Get It Done Now — GIDN is a Nigerian Fintech Company targeting medium and low income population for Loans and Financial products. GIDN has in addition a cashless, mobile based community marketplace, with more than 5k members, and aims to regulate the informal economy and facilitate the purchase of Services and Digital Products.

Portfolio highlights

• Finclusion Group — Enhancing financial inclusion in Sub-Saharan Africa through data driven lending.

Portfolio highlights

• Puter — Puter is a privacy-first personal cloud that houses all your files, apps, and games in one private and secure place, accessible from anywhere at any time.
• ValueBase — This page discusses the history of ValueBase, what brought us together and why we decided that accurate appraisal was important. It also explains why we focus on mass appraisal and statistical techniques like regression.
• Capsule — Capsule is a startup that makes tools for editing short-form videos.

Portfolio highlights

• Duplo — We enable businesses across Africa to simplify their payment flows.
• Klump — Use Klump to buy today, and pay in 4 equal instalments over 3 months! Businesses accept payments and increase conversion rate and revenue. The Easy Life! Try it now.
• Topship — Topship is the easiest for African businesses to import/export parcels, cargo and freight to their customers, distributors and suppliers across the World. We use technology to drive transparency and delight, making it easy for African businesses to connect with customers, suppliers and distributors across the World.

Portfolio highlights

• Ozow — i-Pay is an instant EFT payment service in South Africa that allows your customer to make secure online payments directly into your bank account in real time.
• Howler — Howler, is the powerful event technology platform designed at the uppermost benchmarks of service and technology to help consumers and event organisers to make moments that matter.
• 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.

Portfolio highlights

• Casava — Casava is a financial services company that offers insurance and life microinsurance. Casava uses technology to provide world-class, trusted, and affordable insurance to everyone.
• Edukoya — Edukoya builds online education content and offers online tutoring for students and their parents.
• Jerry — Jerry is an AI, ML, and bot-powered car ownership app that saves customers time and money on car expenses. With its first product, Jerry redesigned and disrupted the century-old car insurance process, turning stacks of pages and hours of calls into a handful of clicks. The company was founded in 2017 and is based in Palo Alto, California.

Portfolio highlights

• ImaliPay — ImaliPay is a financial health platform offering financial products to freelancers and blue collar gig workers in partnership with gig platforms.
• Krave Mart — Krave Mart is a quick-commerce startup offering the delivery of groceries and other products in 10 minutes.
• EquityList — Equity management with online cap table management and employee stock option programs (ESOP) administration. Available free for Indian startups

Portfolio highlights

• Finnt — An accessible and secure solution to build steady savings, send and spend globally.
• Winden — Winden is a business bank designed to help you make more money. Earn unlimited cash-back, free wire transfers, zero fees, and more.
• Polymer Labs — Polymer Labs is building a universal IBC routing/roll-up protocol to enable E2E IBC connectivity across ecosystems.

Portfolio highlights

• Repool — Repool makes it easy to create and manage hedge funds. Save time, delight investors, and focus on what matters.
• Peakflo — Peakflo offers efficient account payable software, account receivable software, and cashflow management software to streamline your accounting automation. Get Free Trial Now!
• Pillar Financial Technologies — All-in-one Financial Platform for Small Businesses

Portfolio highlights

• Flip — Transfer uang, top up e-wallet & kirim uang ke luar negeri lebih mudah dengan Flip. Bayar pulsa, listrik, BPJS, PDAM, dan pembayaran lainnya bisa lebih hemat.
• Trust Software — The corporate card, made social. Trust is the only corporate card that helps startups grow smarter, together. Learn more at trust.co
• Maplerad — Maplerad is a fast, safe and easy way to send and receive money with friends, family or others you trust. You can receive and send money directly into any Nigerian bank account in minutes using Bitcoin, US Dollars, and Naira.

Portfolio highlights

• Mara — Secure and easy to use crypto wallet, where you can buy, sell, earn, send or withdraw your fiat and crypto assets - including Bitcoin, Ethereum and Mara Token

Portfolio highlights

• tushop — Enabling communities to reduce the cost of living together
• 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.

Portfolio highlights

• African Valuables Collective — CURATING AFRICAN NFT ASSETS

Portfolio highlights

• Ensibuuko — Ensibuuko is a Ugandan startup that provides a cloud-based micro-finance software for community-level financial entities in Africa
• WealthBar — CI Direct Investing makes it easy to access financial advice. CI Direct Trading is the best online investment platform for self-directed trading.