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

## Ventures Platform
- Type: VC Fund
- Location: Abuja, Federal Capital Territory, Nigeria
- Relevant deals: 10
- Stages: Seed, Pre-Seed
- Focus: Financial Services, FinTech, Internet

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

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

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

## Musha Ventures
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 7
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, Software, FinTech

Seed capital for technology startups globally.

## Launch Africa
- Type: VC Fund
- Location: Ebène, Plaines Wilhems, Mauritius
- Relevant deals: 7
- Stages: Seed, Pre-Seed
- Focus: Financial Services, FinTech, Information Technology

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

## Golden Palm Investments
- Type: VC Fund
- Location: Accra, Greater Accra, Ghana
- Relevant deals: 5
- Stages: Seed, Pre-Seed, Series A
- Focus: Information Technology, FinTech, Health Care

Golden Palm Investments is an investment holding and advisory company.

## Lateral Frontiers
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 5
- Stages: Seed, Series A, Pre-Seed
- Focus: FinTech, Financial Services, Software

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## Kepple Africa Ventures
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 5
- Stages: Seed, Pre-Seed
- Focus: Financial Services, FinTech, Software

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

## CRE Venture Capital
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 4
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, FinTech, Software

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

## VentureSouq
- Type: VC Fund
- Location: Dubai, Dubai, United Arab Emirates
- Relevant deals: 4
- Stages: Seed, Series A, Series B
- Focus: FinTech, Financial Services, Software

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

## Tencent
- Type: VC Fund
- Location: Shenzhen, Guangdong, China
- Relevant deals: 4
- Stages: Series B, Series A, Series C
- Focus: Software, Financial Services, E-Commerce

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

## Microtraction
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 4
- Stages: Pre-Seed, Seed, Angel
- Focus: Financial Services, FinTech, Software

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

## Future\Perfect Ventures
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 4
- Stages: Seed, Series A, Pre-Seed
- Focus: Blockchain, Financial Services, FinTech

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

## Ingressive Capital
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 4
- Stages: Pre-Seed, Seed, Series A
- Focus: Financial Services, FinTech, Information Technology

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

## LoftyInc Capital Management
- Type: VC Fund
- Location: Carmel, California, United States
- Relevant deals: 4
- Stages: Seed, Pre-Seed, Series A
- Focus: FinTech, Financial Services, Software

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

## VilCap Investments
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Financial Services, Health Care, FinTech

VilCap Investments is an early-stage impact investing fund, backing companies addressing the most pressing social and environmental challenges.

## P1 Ventures
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 3
- Stages: Seed, Series B, Pre-Seed
- Focus: Financial Services, Payments, FinTech

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

## ACE & Company
- Type: VC Fund
- Location: Geneva, Geneve, Switzerland
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Software, FinTech, Financial Services

ACE & Company (“ACE”), founded in 2005, is a global investment group specialized in private investments with total assets of over $1.6 bn across three investment strategies and investment solutions. With headquarters in Geneva and offices in London, New York, and Cairo, ACE’s global presence brings the company in direct contact with sourcingpartners, investment firms, as well as entrepreneurs and provides investors unparalleled access to a network of opportunities. ACE’s passion is for finding investment opportunities where we have an advantage through many years of relationship building, a carefully developed position of knowledge in the sectors which we are active, and a culture of efficiency to gain first mover’s advantage.
ACE’s purpose is to offer investors a long-term and collaborative investment approach that values honesty, transparency and rigorous execution, so that our strategies not only provide unique access to value accretive, risk-managed deals, but fosters what we consider our bedrock—trust.ACE’s progress has been marked by a globally respected track record since the Company was founded in 2005. In the last four years we have increased our total assets by fivefold and in 2017 received the Swiss Financial Supervisory Authority (FINMA) authorization.

## Polychain
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, FinTech

The emergence of bitcoin and subsequent blockchain technologies has generated a new digital asset class in which scarcity is based on mathematical properties. Through cryptographic verification and game-theoretic equilibrium, blockchain-based digital assets can be created, issued, and transmitted using the software. Polychain Capital is committedto exceptional returns for investors through actively managed portfolios of these blockchain assets.

## Future Africa
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 3
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, FinTech, Information Technology

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

## Pantera Capital
- Type: VC Fund
- Location: Menlo Park, California, United States
- Relevant deals: 3
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, Financial Services

Pantera Capital is an investment firm focused exclusively on Bitcoin, other digital currencies, and companies in the space. The company believes that Bitcoin has the potential to transform the way people use money and that it will do for payments what the Internet has done for communications and commerce.Until 2014, Pantera focused on globalmacro hedge fund investments. The firm was founded in 2003 by Dan Morehead, who was a chief financial officer and head of Macro Trading at Tiger Management. The firm has since shifted its investment advisory services to focus exclusively on Bitcoin, other digital currencies, and companies in the space.Shareholders include Benchmark, Fortress Investment Group, and Ribbit Capital.

## Apis Partners
- Type: VC Fund
- Location: London, England, United Kingdom
- Relevant deals: 3
- Stages: Private Equity, Series B
- Focus: Financial Services, Payments, FinTech

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

## Goodwell Investments
- Type: VC Fund
- Location: Amsterdam, Noord-Holland, The Netherlands
- Relevant deals: 2
- Stages: Series A, Series B
- Focus: FinTech, Financial Services, Software

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

## The Chrysalis Capital
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Financial Services, FinTech, Bitcoin

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

## Dragonfly
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, Financial Services

A cross-border cryptoasset investment firm. Global from day one.

## IDG Capital
- Type: VC Fund
- Location: Beijing, Beijing, China
- Relevant deals: 2
- Stages: Series A, Series B, Series C
- Focus: Software, Internet, E-Commerce

IDG Capital is an investment firm that funds early- to growth-stage companies in the technology sector. Today they work with private equity and venture capital fund managers, investment advisors, and business entities from around the world. Their limited partners include many internationally reputable investors, including sovereign wealth funds,pension funds, institutional investors, major charities, university endowments, family offices, and business luminaries.IDG Capital brings a powerful combination of global perspective and local experience to investment management. As long-term value investors, they are highly skilled at mobilizing global resources to address local needs, especially for Inbound and outbound opportunities in China and the rest of Asia. Their highly skilled team has an in-depth understanding of the Chinese market and enjoys close relationships with many influential business leaders.

## Newtown Partners
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Logistics, Health Care, Information Technology

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

## Nordea
- Type: VC Fund
- Location: Helsinki, Southern Finland, Finland
- Relevant deals: 2
- Stages: Debt Financing, Seed
- Focus: FinTech, Financial Services, Banking

Nordea Bank is Denmark's second-largest bank and counts every fourth Dane among its customers. Through their nationwide network of some 340 branch offices and a broad range of self-service facilities, they are able to offer you a full scale of financial products and services, including Netbank, Online Investment, telephone banking and cashdispensers.

## 4Di Capital
- Type: VC Fund
- Location: Cape Town, NA - South Africa, South Africa
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: Software, Mobile, Financial Services

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

## Vibe VC
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, EdTech, Retail

We were told no one would take us seriously as investors without a website, so here's our website.

## Soma Capital
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Software, FinTech, Financial Services

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

## UNCOVERED FUND
- Type: VC Fund
- Location: Tokyo, Tokyo, Japan
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: FinTech, Banking, Financial Services

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

## Electric Capital
- Type: VC Fund
- Location: Palo Alto, California, United States
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, Software

Building the future of Web3. We invest in the next generation of iconic founders.

## Berrywood Capital
- Type: VC Fund
- Relevant deals: 2
- Stages: Pre-Seed, Seed
- Focus: Financial Services, FinTech, Information Technology

Berrywood Capital is an investment firm.

## Quona Capital
- Type: VC Fund
- Location: Washington, District of Columbia, United States
- Relevant deals: 2
- Stages: Series A, Series B, Seed
- Focus: Financial Services, FinTech, Finance

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

## RaliCap
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Financial Services, FinTech, Payments

Rally Cap is a global community of tech folks investing in an exclusive portfolio of top-tier early stage venture funds in Latin America and sub-Saharan Africa.

## Kalon Venture Partners
- Type: VC Fund
- Location: Johannesburg, NA - South Africa, South Africa
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Apps, Mobile Apps, Software

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.

## The Todd & Rahul Angel Fund
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Software, Information Technology, Apps

The Todd & Rahul Angel Fund is a venture capital firm.

## Accion Venture Lab
- Type: VC Fund
- Location: Washington, District of Columbia, United States
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Financial Services, FinTech, Finance

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

## TRANSSION
- Type: VC Fund
- Location: Shenzhen, Guangdong, China
- Relevant deals: 2
- Stages: Series A, Seed, Pre-Seed
- Focus: Apps, FinTech, Payments

TRANSSION HOLDINGS, the company formerly known as TECNO TELECOM LIMITED, established in July 2006, is a high-tech company specializing in the R&D, production, sale and service of mobile communication products. After years of development, TRANSSION has become an important part of the mobile phone industry and one of the major mobile phonemanufacturers in the world. Currently, it has full ownership of three famous mobile phone brands TECNO, itel and Infinix, and an after-sales service brand Carlcare.The company has set up offices in many countries and regions, such as Dubai, Nigeria, Kenya, Tanzania, Cameroon and Bengal, and even has built a factory in Ethiopia, which has provided great support for all its brands.

## EchoVC Partners
- Type: VC Fund
- Location: Lagos, Lagos, Nigeria
- Relevant deals: 2
- Stages: Seed, Series A, Pre-Seed
- Focus: Information Technology, E-Commerce, Software

EchoVC Partners is a seed and early-stage venture capital firm focused on financing and cross-pollinating leading technologies, teams, business models, and knowledge across North America, Africa, and SE Asia. The average investment size ranges from $25,000 to several million dollars depending on the stage of opportunity and capital needs of thebusiness.

## FMO
- Type: VC Fund
- Location: The Hague, Zuid-Holland, The Netherlands
- Relevant deals: 2
- Stages: Debt Financing, Series B
- Focus: Financial Services, Finance, FinTech

FMO is a financial investment firm that specializes in financing businesses and projects FMO invests across the agribusiness value chain to enhance food security, support sustainability and promoting inclusive development.

## Bixin Ventures
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, FinTech

Bixin Ventures invests in early-stage infrastructure projects that cultivate and facilitate mass adoption of open finance through permissionless and decentralized networks.

## Meridian Capital
- Type: VC Fund
- Relevant deals: 2
- Stages: Seed, Pre-Seed, Series A
- Focus: Blockchain, FinTech, Cryptocurrency

We are focusing on projects in early and growth stages, helping entrepreneurs develop world-class projects on blockchain technology

## Voltron Capital
- Type: VC Fund
- Relevant deals: 2
- Stages: Pre-Seed, Seed, Angel
- Focus: Financial Services, FinTech, Cryptocurrency

Voltron Capital operates as a venture capital firm.

## Hashkey
- Type: VC Fund
- Location: Hong Kong, Hong Kong Island, Hong Kong
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, Financial Services

Hashkey they offers investment opportunities and solutions to institutions, family offices, funds, and professional accredited investors across the digital asset and blockchain ecosystem.

## MediaTek
- Type: VC Fund
- Location: Hsinchu, T'ai-wan, Taiwan
- Relevant deals: 2
- Stages: Series A, Series B, Series D
- Focus: Software, Information Technology, Semiconductor

MediaTek is another name for incredible innovation that powers the brands you love. From smartphones to smart homes, we are always by your side.

## Stripe
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Series A, Series B
- Focus: FinTech, Financial Services, Software

Stripe is a global technology company that builds economic infrastructure for the Internet.Businesses of every size, from new startups to public companies like Salesforce and Facebook, use the company’s software to accept online payments and run complex global operations. The company combines economic infrastructure with a set of applications fornew business models like crowdfunding and marketplaces, fraud prevention, analytics, and more. Stripe navigates global regulatory uncertainty and partners closely with internet leaders like Apple, Google, Alipay, Tencent, Facebook, and Twitter to launch new capabilities.It was founded in 2010 by John and Patrick Collison and has its headquarters in San Francisco, California.

## Blockchain Capital
- Type: VC Fund
- Location: San Francisco, California, United States
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Blockchain, Cryptocurrency, Financial Services

Partners to crypto builders since 2013.

## Partech
- Type: VC Fund
- Location: Paris, Ile-de-France, France
- Relevant deals: 2
- Stages: Series A, Seed, Series B
- Focus: Software, E-Commerce, Financial Services

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

## Acumen
- Type: VC Fund
- Location: New York, New York, United States
- Relevant deals: 2
- Stages: Seed, Series A
- Focus: Financial Services, Health Care, Agriculture

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

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