Mobility
FinTech
CleanTech
FinTech
Mobility
FinTech
HealthTech
DeepTech
InsurTech
FinTech
Cleantech
Mobility
FinTech
CleanTech
FinTech
Mobility
FinTech
HealthTech
DeepTech
InsurTech
FinTech
Cleantech
Investment Stage
Moove is an embedded asset financing solution designed for mobility entrepreneurs. It offers revenue-based financing in partnership with leading mobility platforms such as Uber, Bolt, Careem, and Grab. From an alignment with our investment thesis perspective, Moove addresses the massive untapped opportunity of vehicle finance in Africa. The company has an exclusive partnership with Uber in the region, which provides it with exceptionally strong value propositions. As an infrastructure play, Moove addresses the acute lack of access to affordable financing for the productive use of assets. Because it functions as a wallet for drivers, Moove allows users to layer various services, such as savings and insurance, positioning itself as a digital bank for mobility entrepreneurs. Originally launched in Africa, Moove has expanded its operations to over 11 cities globally, including locations in India, the UAE, and the UK.
Country
Nigeria
Investment Date
Sector
Mobility
Investment Stage
NowPay is a digital financial services platform designed in Egypt. It offers salary advances with flexible repayment options, in partnership with employers. From an alignment with our investment thesis perspective, NowPay addresses the significant gap in financial access for Egypt's blue-collar workforce. Positioned as a digital bank for employees, NowPay enables users to layer various financial services, contributing to broader financial inclusion in Egypt. Initially launched in Egypt, NowPay is focused on scaling its reach within the region.
Country
Investment Date
Sector
FinTech
Investment Stage
KOKO Networks is an end-to-end supply chain solution for bio-ethanol cooking stoves, providing a cleaner and more affordable alternative to charcoal for households in Africa. From an infrastructure perspective, KOKO addresses a critical gap in Africa: access to clean cooking fuel. In mature markets, clean fuel is provided through piped gas as part of public infrastructure, but many African countries lack this. Aligned with the global megatrend of the clean energy transition, KOKO has the capacity to offset carbon emissions on the scale of the world’s largest automotive manufacturers, and as a home-grown innovation, is well-positioned to become a market leader in carbon credit issuance and clean fuel production.
Country
Kenys
Investment Date
Sector
CleanTech
Investment Stage
Ceviant is an integrated treasury management and financial services platform designed for businesses in Africa. It offers a treasury and liquidity management solution that aggregates multiple bank accounts through API integration. Ceviant also serves as a marketplace, connecting its clients with third-party service providers offering FX, factoring, working capital, and hedging solutions. Rather than disrupting or marginalizing established financial players, Ceviant acts as an enabler for businesses, banks, and financial service providers. By addressing inefficiencies in managing siloed accounts, Ceviant empowers businesses across Africa.
Country
Nigeria
Investment Date
Sector
FinTech
Investment Stage
Country
Investment Date
Sector
Investment Stage
Shuttlers is a leading shared mobility platform that enhances the daily commute and transport experience for individuals by using technology to optimize routes and improve the passenger experience. With a huge and growing addressable market, Shuttlers addresses a critical infrastructure gap in public transport. As transportation is a daily necessity and the cost of living rises, more urban dwellers are likely to opt for shared mobility solutions that offer convenience and quality service. By leveraging technology, Shuttlers provides a more efficient and optimized way for people to move around, positioning itself as a key player in transforming urban transport. Shuttlers offers both exclusive bus hire services and shared bus rides, catering to diverse commuter needs.
Country
Nigeria
Investment Date
Sector
Mobility
Investment Stage
Country
Investment Date
Sector
Investment Stage
Julaya is a payment-led neobank for businesses in Francophone Africa. Due to the lack of interoperability between mobile money and bank transfers in the region, businesses face challenges in connecting mobile payment rails with bank-to-bank payment systems. Julaya addresses this issue by providing both collection and disbursement services for businesses with frequent payment needs. The continued fragmentation and lack of interoperability among payment methods drives increased adoption of Julaya’s solution. Starting with payments, Julaya can layer additional financial services onto its platform, enhancing its appeal to clients.
Country
Francophone Africa
Investment Date
Sector
FinTech
Investment Stage
Chefaa is an integrated online pharmacy that serves both end consumers and pharmacies, addressing the fragmentation in the pharmacy supply chain. It offers a marketplace where pharmacies can deliver products without holding inventory, as well as a B2C e-commerce platform where Chefaa purchases and delivers inventory directly to consumers. The platform also features a subscription service for discounts, analytics software for pharmaceutical companies, a B2B supply chain service for pharmacies, and a feature that allows medication purchases with insurance. Chefaa focuses on solving inefficiencies in the pharmacy sector and creating a managed marketplace that enhances visibility and access to medical products while introducing innovative solutions like subscription-based discounts.
Country
Egypt
Investment Date
Sector
HealthTech
Investment Stage
Cloudline operates a network of autonomous, all-electronic, and unmanned airships. These airships are designed with unmatched flight endurance, safety, cost, and energy efficiency, aiming to redefine aerial monitoring and the delivery of goods and services. The company focuses on creating infrastructure for data collection that generates actionable insights for business operations, particularly in monitoring and the efficient movement of goods. Cloudline addresses inefficiencies in infrastructure development, mining, and agriculture by enhancing the quality of monitoring and surveillance activities. This improvement enables these industries to operate and maintain their assets more efficiently and sustainably.
Country
South Africa
Investment Date
Sector
DeepTech
Investment Stage
mTek is a tech-driven, reliable, and customer-centric insurance platform aimed at both end policy buyers and insurance companies through its SaaS solution. The company aims to demystify the insurance sector and transform how insurance is perceived, consumed, and managed. mTek aligns with the inefficiency solver pillar of our investment thesis by offering a more efficient and accessible approach to insurance in a traditionally manual industry.
Country
Kenya
Investment Date
Sector
InsurTech
Investment Stage
Zone is a regulated payment switching network built on blockchain infrastructure that aims to revolutionize the electronic payment ecosystem in Nigeria. Its decentralized nature facilitates instant reconciliation and eliminates disputes between payment service providers, addressing the longstanding challenges in the sector. Zone’s innovative approach caters to a vast addressable market, driven by the increasing demand for reliable and efficient payment solutions in a rapidly evolving digital landscape. Given the diversity of the Nigerian payment ecosystem, which lacks a monopoly player, Zone's infrastructure is crucial for facilitating secure and efficient transactions across various platforms. The potential for strong network effects across all product lines further enhances its growth prospects, making Zone a key player in shaping the future of electronic payments in Nigeria.
Country
Nigeria
Investment Date
Sector
FinTech
Investment Stage
Tagaddod operates a technology platform designed to efficiently collect, store, and process used cooking oil (UCO) for export from Egypt and the MENA region to Europe and the United States. Its core technology maps, plans, manages, and tracks the most effective routes for UCO collection from businesses and households. By providing a tech-enabled platform for UCO collectors, Tagaddod builds critical infrastructure that supports the global climate agenda. It transforms local waste into export commodities and integrates local stakeholders into a global supply chain, effectively acting as a market creator. Tagaddod also serves as an inefficiency solver by enhancing the operations of UCO collectors within the fragmented UCO supply chain.
Country
Egypt
Investment Date
June 6, 2024
Sector
Cleantech
Investment Stage
Moove is an embedded asset financing solution designed for mobility entrepreneurs. It offers revenue-based financing in partnership with leading mobility platforms such as Uber, Bolt, Careem, and Grab. From an alignment with our investment thesis perspective, Moove addresses the massive untapped opportunity of vehicle finance in Africa. The company has an exclusive partnership with Uber in the region, which provides it with exceptionally strong value propositions. As an infrastructure play, Moove addresses the acute lack of access to affordable financing for the productive use of assets. Because it functions as a wallet for drivers, Moove allows users to layer various services, such as savings and insurance, positioning itself as a digital bank for mobility entrepreneurs. Originally launched in Africa, Moove has expanded its operations to over 11 cities globally, including locations in India, the UAE, and the UK.
Country
Nigeria
Investment Date
Sector
Mobility
Investment Stage
NowPay is a digital financial services platform designed in Egypt. It offers salary advances with flexible repayment options, in partnership with employers. From an alignment with our investment thesis perspective, NowPay addresses the significant gap in financial access for Egypt's blue-collar workforce. Positioned as a digital bank for employees, NowPay enables users to layer various financial services, contributing to broader financial inclusion in Egypt. Initially launched in Egypt, NowPay is focused on scaling its reach within the region.
Country
Investment Date
Sector
FinTech
Investment Stage
KOKO Networks is an end-to-end supply chain solution for bio-ethanol cooking stoves, providing a cleaner and more affordable alternative to charcoal for households in Africa. From an infrastructure perspective, KOKO addresses a critical gap in Africa: access to clean cooking fuel. In mature markets, clean fuel is provided through piped gas as part of public infrastructure, but many African countries lack this. Aligned with the global megatrend of the clean energy transition, KOKO has the capacity to offset carbon emissions on the scale of the world’s largest automotive manufacturers, and as a home-grown innovation, is well-positioned to become a market leader in carbon credit issuance and clean fuel production.
Country
Kenys
Investment Date
Sector
CleanTech
Investment Stage
Ceviant is an integrated treasury management and financial services platform designed for businesses in Africa. It offers a treasury and liquidity management solution that aggregates multiple bank accounts through API integration. Ceviant also serves as a marketplace, connecting its clients with third-party service providers offering FX, factoring, working capital, and hedging solutions. Rather than disrupting or marginalizing established financial players, Ceviant acts as an enabler for businesses, banks, and financial service providers. By addressing inefficiencies in managing siloed accounts, Ceviant empowers businesses across Africa.
Country
Nigeria
Investment Date
Sector
FinTech
Investment Stage
Country
Investment Date
Sector
Investment Stage
Shuttlers is a leading shared mobility platform that enhances the daily commute and transport experience for individuals by using technology to optimize routes and improve the passenger experience. With a huge and growing addressable market, Shuttlers addresses a critical infrastructure gap in public transport. As transportation is a daily necessity and the cost of living rises, more urban dwellers are likely to opt for shared mobility solutions that offer convenience and quality service. By leveraging technology, Shuttlers provides a more efficient and optimized way for people to move around, positioning itself as a key player in transforming urban transport. Shuttlers offers both exclusive bus hire services and shared bus rides, catering to diverse commuter needs.
Country
Nigeria
Investment Date
Sector
Mobility
Investment Stage
Country
Investment Date
Sector
Investment Stage
Julaya is a payment-led neobank for businesses in Francophone Africa. Due to the lack of interoperability between mobile money and bank transfers in the region, businesses face challenges in connecting mobile payment rails with bank-to-bank payment systems. Julaya addresses this issue by providing both collection and disbursement services for businesses with frequent payment needs. The continued fragmentation and lack of interoperability among payment methods drives increased adoption of Julaya’s solution. Starting with payments, Julaya can layer additional financial services onto its platform, enhancing its appeal to clients.
Country
Francophone Africa
Investment Date
Sector
FinTech
Investment Stage
Chefaa is an integrated online pharmacy that serves both end consumers and pharmacies, addressing the fragmentation in the pharmacy supply chain. It offers a marketplace where pharmacies can deliver products without holding inventory, as well as a B2C e-commerce platform where Chefaa purchases and delivers inventory directly to consumers. The platform also features a subscription service for discounts, analytics software for pharmaceutical companies, a B2B supply chain service for pharmacies, and a feature that allows medication purchases with insurance. Chefaa focuses on solving inefficiencies in the pharmacy sector and creating a managed marketplace that enhances visibility and access to medical products while introducing innovative solutions like subscription-based discounts.
Country
Egypt
Investment Date
Sector
HealthTech
Investment Stage
Cloudline operates a network of autonomous, all-electronic, and unmanned airships. These airships are designed with unmatched flight endurance, safety, cost, and energy efficiency, aiming to redefine aerial monitoring and the delivery of goods and services. The company focuses on creating infrastructure for data collection that generates actionable insights for business operations, particularly in monitoring and the efficient movement of goods. Cloudline addresses inefficiencies in infrastructure development, mining, and agriculture by enhancing the quality of monitoring and surveillance activities. This improvement enables these industries to operate and maintain their assets more efficiently and sustainably.
Country
South Africa
Investment Date
Sector
DeepTech
Investment Stage
mTek is a tech-driven, reliable, and customer-centric insurance platform aimed at both end policy buyers and insurance companies through its SaaS solution. The company aims to demystify the insurance sector and transform how insurance is perceived, consumed, and managed. mTek aligns with the inefficiency solver pillar of our investment thesis by offering a more efficient and accessible approach to insurance in a traditionally manual industry.
Country
Kenya
Investment Date
Sector
InsurTech
Investment Stage
Zone is a regulated payment switching network built on blockchain infrastructure that aims to revolutionize the electronic payment ecosystem in Nigeria. Its decentralized nature facilitates instant reconciliation and eliminates disputes between payment service providers, addressing the longstanding challenges in the sector. Zone’s innovative approach caters to a vast addressable market, driven by the increasing demand for reliable and efficient payment solutions in a rapidly evolving digital landscape. Given the diversity of the Nigerian payment ecosystem, which lacks a monopoly player, Zone's infrastructure is crucial for facilitating secure and efficient transactions across various platforms. The potential for strong network effects across all product lines further enhances its growth prospects, making Zone a key player in shaping the future of electronic payments in Nigeria.
Country
Nigeria
Investment Date
Sector
FinTech
Investment Stage
Tagaddod operates a technology platform designed to efficiently collect, store, and process used cooking oil (UCO) for export from Egypt and the MENA region to Europe and the United States. Its core technology maps, plans, manages, and tracks the most effective routes for UCO collection from businesses and households. By providing a tech-enabled platform for UCO collectors, Tagaddod builds critical infrastructure that supports the global climate agenda. It transforms local waste into export commodities and integrates local stakeholders into a global supply chain, effectively acting as a market creator. Tagaddod also serves as an inefficiency solver by enhancing the operations of UCO collectors within the fragmented UCO supply chain.
Country
Egypt
Investment Date
June 6, 2024
Sector
Cleantech
