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Top 20 Mobile Startup Investors in Ghana (October 2026)

The most active venture capital funds and angel investors investing in Ghana Mobile startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Ghana Mobile startup companies. Find investors to raise a Seed, Series A or Debt Financing round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Verdant Capital
VC Fund
3 Kenya, South Africa, Ghana Debt Financing, Venture - Series Unknown, Seed Financial Services, FinTech, Finance $2M–$30M
Absa Bank Ghana
VC Fund
2 Ghana Debt Financing, Seed, Series A Mining, Mobile, Retail $3.3M–$205M
CV VC
VC Fund
2 United States, Switzerland, Germany Seed, Pre-Seed, Angel Blockchain, Software, FinTech $125k–$4M
First National Bank
VC Fund
2 Ghana, South Africa Debt Financing, Series A Mobile, Retail, FinTech $3.3M–$49M
Good Soil VC
VC Fund
2 Ghana, United Kingdom, Rwanda Seed, Pre-Seed, Series A FinTech, Financial Services, Retail $35k–$940k
Resilience17
VC Fund
1 Nigeria, United States, Kenya Seed, Pre-Seed, Venture - Series Unknown FinTech, Financial Services, Payments $100k–$12M
THE WORLD BANK
VC Fund
1 United States, South Africa, United Arab Emirates Grant, Seed, Debt Financing Financial Services, FinTech, Software $5k–$750M
LoftyInc Capital
VC Fund
1 United States, Nigeria, Egypt Seed, Pre-Seed, Series A Financial Services, FinTech, Software $100k–$37M
Investisseurs & Partenaires
VC Fund
1 France, Senegal, Côte d'Ivoire Seed, Series A Financial Services, Health Care, Food and Beverage
Intel Capital
VC Fund
1 United States, China, Israel Series B, Series A, Series C Software, Information Technology, Artificial Intelligence $4.6M–$90M
The Chrysalis Capital
VC Fund
1 Nigeria, Ghana, Kenya Seed, Series A, Pre-Seed Financial Services, FinTech, Finance $100k–$15M
PCM Capital Partners
VC Fund
1 Ghana, Côte d'Ivoire Private Equity, Post-IPO Equity Fuel, Energy, Mobile
DEG
VC Fund
1 India, South Africa, Ghana Venture - Series Unknown, Debt Financing, Grant Financial Services, FinTech, E-Commerce $100k–$72M
International Finance Corporation
VC Fund
1 India, Brazil, United States Debt Financing, Post-IPO Debt, Venture - Series Unknown Financial Services, Finance, Banking $5M–$420M
Adlevo Capital
VC Fund
1 Nigeria, Ghana, United Kingdom Series A, Series B Mobile, FinTech, Financial Services $10M–$15M
ARK Holdings
VC Fund
1 Ghana Series A Mobile, Retail, FinTech
TLG Capital
VC Fund
1 Nigeria, United Kingdom, Uganda Debt Financing, Private Equity, Venture - Series Unknown Financial Services, Finance, Banking $3M–$600M
Kosmos Innovation Centre
VC Fund
1 Ghana, Singapore Seed, Pre-Seed AgTech, Agriculture, Apps $35k–$50k
Symbiotics Group
VC Fund
1 India, Ghana, United States Debt Financing, Post-IPO Debt, Seed Financial Services, FinTech, Finance $2.3M–$165M
Ashley Thompson- MacCarthy
Angel
1 Ghana Series A Mobile, Retail, FinTech
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Investor list

Verdant Capital
VC Fund · Port Louis, Port Louis, Mauritius · 3 investments in Ghana Mobile startups

Verdant Capital is a specialist corporate finance firm with exception experience transacting across the African continent. Verdant Capital operates in two segments, Financial Institutions and Corporate Finance. It operates from offices in Johannesburg, Mauritius and Accra.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Debt Financing, Venture - Series Unknown, Seed
  • Geography: Kenya, South Africa, Ghana

Investor stats

  • Total investments: 12
  • Round size: Debt Financing $2M–$30M; Venture - Series Unknown $3M–$13M
  • Lead/follow: 50% lead, 50% follow
  • Last fund: Likely actively investing — fresh fund, raised $1.3M in 2026

Portfolio highlights

  • BFree — BFree focuses its collection processes on sustainably leading customers out of debt by giving them back control over their finances.
  • GoCab — GoCab is fintech solution providing Drive-to-own option for vehicle purchase in Emerging markets, helping to bridge the gap between mobility entrepreneurs and financial services.
  • Zeepay — Zeepay Ghana Limited is a wholly Ghanaian owned Mobile FinancialServices company focusing on providing integrated mobile payments services with mobile wallets targeting the unbanked and banked population with the objective of bringing the unbanked into the financial stream and easing payments and collections for the banked population.Zeepayfacilitates the processing of multiple mobile phone payment transactions, and operates as a aggregator that brings transaction of all players together on one single platform. The company’s core application runs on open source technology, and is designed to integrate all types of payment platforms, banks, merchants, Mobile Network Operators (MNOs), and other companies with subscriber based transactions.
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Absa Bank Ghana
VC Fund · Accra, Greater Accra, Ghana · 2 investments in Ghana Mobile startups

Absa Ghana Personal Banking

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Investment focus

  • Industry: Mining, Mobile, Retail
  • Stage:Debt Financing, Seed, Series A
  • Geography: Ghana

Investor stats

  • Total investments: 4
  • Round size: Debt Financing $3.3M–$205M
  • Lead/follow: 50% lead, 50% follow

Portfolio highlights

  • Zeepay — Zeepay Ghana Limited is a wholly Ghanaian owned Mobile FinancialServices company focusing on providing integrated mobile payments services with mobile wallets targeting the unbanked and banked population with the objective of bringing the unbanked into the financial stream and easing payments and collections for the banked population.Zeepayfacilitates the processing of multiple mobile phone payment transactions, and operates as a aggregator that brings transaction of all players together on one single platform. The company’s core application runs on open source technology, and is designed to integrate all types of payment platforms, banks, merchants, Mobile Network Operators (MNOs), and other companies with subscriber based transactions.
  • Green Gold Farms — Green Gold Farms is also developing an innovative outgrower scheme that allows smallholder farmers to lift themselves out of poverty by training them on regenerative agriculture best practices, enabling them to produce on larger plots of land, and providing them with all of the necessary inputs and mechanization. Over time, the company aims to cedeits primary production to these smallholder farmers and move up the value chain into processing and, eventually, into manufacturing.
  • Engineers & Planners — Engineers & Planners conducts contract mining services with expertise in mining environments.
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CV VC
VC Fund · Zug, Zug, Switzerland · 2 investments in Ghana Mobile startups

We invest in blockchain

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Investment focus

  • Industry: Blockchain, Software, FinTech
  • Stage:Seed, Pre-Seed, Angel
  • Geography: United States, Switzerland, Germany

Investor stats

  • Total investments: 63
  • Round size: Seed $140k–$4M; Pre-Seed $125k–$800k
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely still investing — fund raised in 2022

Portfolio highlights

  • TurnStay — Enjoy low transaction fees on card payments in ZAR, Euros or Dollars and fast payouts in your preferred currencies. Book a demo today
  • Orca Fraud — Orca empowers fraud fighters with effective tools to combat fraud
  • Reppo Labs — Blockchain Network that connect Data Owners with AI Developers and AI agents through Programmable IP Co-ownership
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First National Bank
VC Fund · 2 investments in Ghana Mobile startups

Investment focus

  • Industry: Mobile, Retail, FinTech
  • Stage:Debt Financing, Series A
  • Geography: Ghana, South Africa

Investor stats

  • Total investments: 3
  • Round size: Debt Financing $3.3M–$49M
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Zeepay — Zeepay Ghana Limited is a wholly Ghanaian owned Mobile FinancialServices company focusing on providing integrated mobile payments services with mobile wallets targeting the unbanked and banked population with the objective of bringing the unbanked into the financial stream and easing payments and collections for the banked population.Zeepayfacilitates the processing of multiple mobile phone payment transactions, and operates as a aggregator that brings transaction of all players together on one single platform. The company’s core application runs on open source technology, and is designed to integrate all types of payment platforms, banks, merchants, Mobile Network Operators (MNOs), and other companies with subscriber based transactions.
  • Beachwood Coastal Estate — Private New Coastal Estate with Top-Tier Security, Amenities & Seaside Tranquility. Opulent 3 & 4 Bed Apartments & Freehold Stands For Sale.
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Good Soil VC
VC Fund · London, England, United Kingdom · 2 investments in Ghana Mobile startups

We are a venture capital firm that partners with founders to build global, market-defying companies. We fund diverse teams across Sub-Saharan Africa and Europe.

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Investment focus

  • Industry: FinTech, Financial Services, Retail
  • Stage:Seed, Pre-Seed, Series A
  • Geography: Ghana, United Kingdom, Rwanda

Investor stats

  • Total investments: 11
  • Round size: Seed $35k–$940k
  • Lead/follow: 18% lead, 82% follow

Portfolio highlights

  • Livoh — Livoh is a software firm offering live streaming platform so the content can reach its target market.
  • Zeepay — Zeepay Ghana Limited is a wholly Ghanaian owned Mobile FinancialServices company focusing on providing integrated mobile payments services with mobile wallets targeting the unbanked and banked population with the objective of bringing the unbanked into the financial stream and easing payments and collections for the banked population.Zeepayfacilitates the processing of multiple mobile phone payment transactions, and operates as a aggregator that brings transaction of all players together on one single platform. The company’s core application runs on open source technology, and is designed to integrate all types of payment platforms, banks, merchants, Mobile Network Operators (MNOs), and other companies with subscriber based transactions.
  • STEELO STYLE LTD — Join The Steelo Community
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Resilience17
VC Fund · 1 investments in Ghana Mobile startups

Resilience17 is an Investment firm.

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Investment focus

  • Industry: FinTech, Financial Services, Payments
  • Stage:Seed, Pre-Seed, Venture - Series Unknown
  • Geography: Nigeria, United States, Kenya

Investor stats

  • Total investments: 51
  • Round size: Seed $1.2M–$12M; Pre-Seed $100k–$3M
  • Lead/follow: 2% lead, 98% follow

Portfolio highlights

  • Pewbeam — Pewbeam provides AI-powered church presentation software that displays Bible verses, manages slides, and supports worship presentations.
  • Terra Industries — Terra Industries develops autonomous security systems and software platforms that support the monitoring and protection of physical assets, infrastructure, and operational environments across land, air, and maritime domains. The company provides unmanned vehicles, autonomous towers, and sensor-based surveillance hardware that collect and transmitdata for continuous situational awareness. Its software layer, built around an integrated operating system, processes sensor inputs, applies artificial intelligence models, and coordinates automated responses to detected events. Terra Industries designs its systems to support functions such as perimeter security, infrastructure monitoring, asset tracking, and threat detection within complex operational settings. The company’s platforms enable operators to manage multiple autonomous devices through a unified interface that supports mission planning, data visualization, and system control. Its technology is used by organizations that require coordinated security, monitoring, and response capabilities for facilities, remote sites, and distributed operations.
  • Aeon Cyber Defense — Aeon is a cybersecurity company focused on securing cloud, code, runtime, and AI environments.
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THE WORLD BANK
VC Fund · Washington, District of Columbia, United States · 1 investments in Ghana Mobile startups, 6 in the past 12 months

With 189 member countries, the World Bank Group is a unique global partnership fighting poverty worldwide through sustainable solutions.

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Grant, Seed, Debt Financing
  • Geography: United States, South Africa, United Arab Emirates

Investor stats

  • Total investments: 47
  • Round size: Seed $50k–$1M; Grant $5k–$11M; Debt Financing $91M–$750M
  • Lead/follow: 60% lead, 40% follow
  • Last fund: Likely still investing — raised $180M in 2022

Portfolio highlights

  • Republic of Uzbekistan — The Government Portal of Uzbekistan is the official state information resource of the Government of The Republic of Uzbekistan. https://t.co/st5E2xCOib
  • Government of Ghana — Offical Account of https://t.co/chsjqMmzui Latest news from the various Ministries and Gov't Agencies. For help info.isd@isd.gov.gh
  • Pickalbatros Hotels & Resorts — Welcome to Pickalbatros Hotels & Resorts Official Site. Our big hospitality chain boasts a large portfolio of hotels in Egypt and Morocco. Book now!
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LoftyInc Capital
VC Fund · Carmel, California, United States · 1 investments in Ghana Mobile 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: Financial Services, FinTech, Software
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Nigeria, Egypt

Investor stats

  • Total investments: 187
  • Round size: Seed $100k–$5M; Pre-Seed $100k–$2.4M; Series A $250k–$37M
  • Lead/follow: 12% lead, 88% follow
  • Last fund: Likely actively investing — fresh fund, raised $43M in 2025

Portfolio highlights

  • Cauridor — Cauridor is a Financial Services company.
  • WafR — WafR is a reward-based loyalty startup that allows users to earn phone recharges while shopping at retail shops.
  • Nucleon Security — Zero-Trust and ML-based Endpoint Detection and Response Platform #EDR #FDR #EndpointSecurity
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Investisseurs & Partenaires
VC Fund · Paris, Ile-de-France, France · 1 investments in Ghana Mobile startups

Investisseurs et Partenaires

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Investment focus

  • Industry: Financial Services, Health Care, Food and Beverage
  • Stage:Seed, Series A
  • Geography: France, Senegal, Côte d'Ivoire

Investor stats

  • Total investments: 103
  • Lead/follow: no public data

Portfolio highlights

  • iProcure — iProcure is a Nairobi-based start-up working to optimize the agriculture input supply chain in rural Kenya. iProcure’s web and mobile technology solution improves agriculture retailers’ operations. It lets them manage ordering based on inventory, point of sale activities, and client profiles along with geo-located purchasing patterns, real-timeagent performance and transaction analysis, and built-in mobile payments. As a result, retailers can better predict demand with business intelligence data, improve inventory management, and streamline distribution efficiency.
  • Trackbit — Trackbit is a cryptocurrency exchange platform.
  • Lapaire — Discover a wide range of high-quality & affordable eyeglasses at Lapaire Glasses. Book a free vision test with our professional optometrists to help you find your perfect pair of glasses to enhance your vision and style. Shops in 7 african countries: Benin, Ivory Coast, Togo, Burkina Faso, Mali, Kenya and Uganda.
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Intel Capital
VC Fund · Santa Clara, California, United States · 1 investments in Ghana Mobile startups

Intel Capital invests in innovative startups targeting cloud and AI infrastructure, edge, 5G, autonomy, cybersecurity, client & gaming, enterprise applications, silicon design and manufacturing, and a wide range of other disruptive technologies.

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Investment focus

  • Industry: Software, Information Technology, Artificial Intelligence
  • Stage:Series B, Series A, Series C
  • Geography: United States, China, Israel

Investor stats

  • Total investments: 1219
  • Round size: Series A $4.6M–$30M; Series B $7.7M–$53M; Series C $7M–$90M
  • Lead/follow: 37% lead, 63% follow

Portfolio highlights

  • Avnera — Avnera is a fabless semiconductor firm making highly-integrated application targeted ICs for consumer audio and voice applications.Avnera has deep analog and mixed-signal circuit design expertise, including the know-how to integrate diverse circuit types onto single pieces of silicon. As such, Avnera IC's integrate RF, power management,audio data converters, host interfaces, & programmable DSPs onto low-cost CMOS, enabling very high performance at low total system cost.Avnera IC products target applications in PC accessory audio, iPod accessory audio, home theater, and consumer & enterprise voice. Avnera's list of customers includes names such as Logitech, Creative, Rocketfish, Panasonic, iHome, Vizio, Sanyo, Onkyo, Acoustic Research, Audioengine, Polycom, et al.
  • SecureKey Technologies — Deliver high-value online services securely to millions of consumers through federated authentication, regardless of the service, device or credentials.
  • Real Image Media Technologies — Real Image Media Technologies is India’s leading provider of technology in the film, video and audio domains and has pioneered several technology revolutions over the last 20 years. Established in 1986, the company was instrumental in bringing computer-based digital non-linear editing to India with Avid Technology, transforming the industryand forever changing the way Indian film and television programs were edited.
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Access 48,091 investors

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

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The Chrysalis Capital
VC Fund · Lagos, Lagos, Nigeria · 1 investments in Ghana Mobile startups

With integrity, hardwork, and discipline, we harness raw passion for technology to build global institutions.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Nigeria, Ghana, Kenya

Investor stats

  • Total investments: 9
  • Round size: Seed $100k–$2.4M; Series A $10M–$15M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Koa — Koa is a savings and financial services platform that provides tech solutions and financial services apps via its API. The company was co-founded by Alexis Roman and Delila Kidanu.
  • Ladder — Make smart choices, reach your goals and secure your financial future with Ladder, your AI-powered partner in financial success.
  • Bitmama — Bitmama is the best cryptocurrency trading platform that lets you buy, sell Bitcoin, ETH, Celo, USDT, XRP, and more. Available in Nigeria & over 100 countries.
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PCM Capital Partners
VC Fund · Ebène, Plaines Wilhems, Mauritius · 1 investments in Ghana Mobile startups

PCM Capital Partners ('PCP") manages the West African Emerging Markets Growth Fund ("WAEMGF"). Founded in 2010, PCP is an affiliate of Phoenix Capital Management SA ("PCM"), one of the leading full-service investment banks in the West African Economic and Monetary Union ("WAEMU"), with leadership positions inAsset Management. PCP is domiciled in Mauritius and has an advisory agreement with PCM Capital Advisors (“PCA”), headquartered in Abidjan, Cote D’Ivoire with a representative office in Accra, Ghana. PCA acts as the “on the ground” entity responsible for deal origination all the way through to exits of the Fund’s investments.

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Investment focus

  • Industry: Fuel, Energy, Mobile
  • Stage:Private Equity, Post-IPO Equity
  • Geography: Ghana, Côte d'Ivoire

Investor stats

  • Total investments: 3
  • Lead/follow: 67% lead, 33% follow

Portfolio highlights

  • Petro Ivoire SA — Petro Ivoire SA is an Ivory-Coast based company specializing in the distribution of petroleum products and derivatives and operation of gas stations. It markets diesel fuel, super unleaded, kerosene, lamp oil, lubricants, asphalt, fuel oil, liquefied petroleum gas (LPG) to individuals, professionals, maritime, air transporters and industries.Butane and bitumen are used in the construction of roads. The Company operates through 25 service stations located in Ivory Coast.
  • First Atlantic Bank — First Atlantic Bank Limited operates as a commercial bank that provides banking and financial services. First Atlantic Bank Limited was formerly known as First Atlantic Merchant Bank Limited and changed its name to First Atlantic Bank Limited in October 2012.
  • Surfline Communications — Surfline - Ghana's first 4G LTE company. A fast and reliable internet service provider for all your browsing needs with the best data plans and devices
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DEG
VC Fund · Overland Park, Kansas, United States · 1 investments in Ghana Mobile startups

DEG, a Merkle Company is a full-service digital agency purpose-built to meet clients in the moment with data-driven marketing, commerce, and collaboration solutions.

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Investment focus

  • Industry: Financial Services, FinTech, E-Commerce
  • Stage:Venture - Series Unknown, Debt Financing, Grant
  • Geography: India, South Africa, Ghana

Investor stats

  • Total investments: 25
  • Round size: Grant $100k–$800k; Debt Financing $6.5M–$33M; Venture - Series Unknown $4.7M–$72M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • SUN Energy — SUN Energy adalah pengembang PLTS industri dengan 450 MW terpasang di Asia-Pasifik. Solusi on-grid, off-grid, hybrid dengan skema DP 0%. Konsultasi gratis.
  • Turnkey Lender — Turnkey Lender is a Commercial lending software that can improve efficiency and reduce costs for financial services companies.
  • Naked Insurance — The new way to cover your stuff: savings & convenience through AI. Naked Insurance offers online insurance for car, home and contents. Get a quote in 90 seconds!
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International Finance Corporation
VC Fund · Washington, District of Columbia, United States · 1 investments in Ghana Mobile startups

A strong and engaged private sector is indispensible to ending extreme poverty and boosting shared prosperity. That's where IFC comes in - we have more than 60 years experience in unlocking private investment, creating markets and opportunities where they are needed most.

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Investment focus

  • Industry: Financial Services, Finance, Banking
  • Stage:Debt Financing, Post-IPO Debt, Venture - Series Unknown
  • Geography: India, Brazil, United States

Investor stats

  • Total investments: 754
  • Round size: Post-IPO Debt $50M–$420M; Debt Financing $20M–$350M; Venture - Series Unknown $5M–$67M
  • Lead/follow: 63% lead, 37% follow
  • Last fund: May invest from a new fund soon — last raise in 2016

Portfolio highlights

  • PSL — With a production capacity in excess of the 1 million ton mark, they are India’s largest producer/manufacturer of HSAW pipes - the line-pipe industry's preferred pipe.But their leadership in the pipe industry is not confined to the domestic market alone, though the market is huge and still growing - global recognition is reflected in thehuge orders already in hand from the US even before the commissioning of their 300,000 MT capacity plant in Missisipi not to mention the USD 45 million order of their pipe mills in Sharjah in the UAE.These facilities are backed by sound technology, state-of-the-art infrastructure, technical collaborations with leading Design & Engineering consultancies of Germany and Italy and most importantly, by a human resources pool that is amongst the best in the industry - ensuring that your project is completed on target, time after time.
  • Cube Highways Trust — Cube roadways Trust is utilizing the public-private partnership (PPP) model in the roadways sector to operate and manage highway projects in collaboration with the federal and state governments.
  • Fosun United Health Insurance — Fosun United Health Insurance provides a wide range of medical insurance, disease insurance, disability income loss insurance, nursing care insurance, and accident coverage. The company is dedicated to providing high-quality products throughout their lifecycle and developing a comprehensive service system to support them.
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Adlevo Capital
VC Fund · Lagos, Lagos, Nigeria · 1 investments in Ghana Mobile startups

Adlevo Capital is a private equity firm that finances technology-enabled companies across sub-Saharan Africa. It develops market intelligence through a local presence and an understanding of the dynamics of the local market. Adlevo Capital maintains active local presence via its base in Lagos, Nigeria. It was founded by Yemi Lalude in 2009.

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Investment focus

  • Industry: Mobile, FinTech, Financial Services
  • Stage:Series A, Series B
  • Geography: Nigeria, Ghana, United Kingdom

Investor stats

  • Total investments: 9
  • Round size: Series B $10M–$15M
  • Lead/follow: 56% lead, 44% follow
  • Last fund: Likely still investing — raised $409M in 2024

Portfolio highlights

  • Paga — Paga is the premier financial services infrastructure for Africa. Infrastructure for fiat, stablecoins, crypto, hosted accounts, payments orchestration and biller aggregation.
  • SOLO — Clean, complete phone datasheets and side-by-side comparisons, covering every brand and every market worldwide.
  • Rancard — Rancard helps businesses understand, engage, and grow with African consumers.
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ARK Holdings
VC Fund · 1 investments in Ghana Mobile startups

ARK Holdings is a privately held family investment portfolio firm.

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Investment focus

  • Industry: Mobile, Retail, FinTech
  • Stage:Series A
  • Geography: Ghana

Investor stats

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

Portfolio highlights

  • Zeepay — Zeepay Ghana Limited is a wholly Ghanaian owned Mobile FinancialServices company focusing on providing integrated mobile payments services with mobile wallets targeting the unbanked and banked population with the objective of bringing the unbanked into the financial stream and easing payments and collections for the banked population.Zeepayfacilitates the processing of multiple mobile phone payment transactions, and operates as a aggregator that brings transaction of all players together on one single platform. The company’s core application runs on open source technology, and is designed to integrate all types of payment platforms, banks, merchants, Mobile Network Operators (MNOs), and other companies with subscriber based transactions.
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TLG Capital
VC Fund · London, England, United Kingdom · 1 investments in Ghana Mobile startups

TLG Capital is an award-winning private investment firm dedicated to empowering frontier market entrepreneurs, with a focus on opportunities in Sub-Saharan Africa (SSA).TLG firmly believes that impact creation is crucial to sustained financial success. They are committed to tackling persistent challenges and better directing resources towardsimproving the lives for some of the world’s most vulnerable people. Their investments have had a significantly social, environmental and development impact across Sub-Saharan Africa.TLG Africa Limited is a permanent capital investment vehicle focusing on equity opportunities in Sub-Saharan Africa (SSA). TLG Africa invests in sectors underpinned by the ‘rise of the African consumer’, such as: healthcare, finance, consumer goods and real estate. These investments include direct minority/majority stake investments, secondary opportunities and distressed fund restructurings. TLG Africa always seeks board representation, along with other minority protections.Notable investments include WHO pre-approved pharmaceutical plant QCIL (Uganda) and healthcare facilities in West Africa. In recognition for their efforts, their deals have won multiple awards including ‘Landmark Deal of the Decade’ in 2012 and 'Frontier Deal of the Year' in 2014 from Private Equity Africa.

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Investment focus

  • Industry: Financial Services, Finance, Banking
  • Stage:Debt Financing, Private Equity, Venture - Series Unknown
  • Geography: Nigeria, United Kingdom, Uganda

Investor stats

  • Total investments: 30
  • Round size: Debt Financing $3M–$15M; Private Equity $25M–$600M; Venture - Series Unknown $5M–$12M
  • Lead/follow: 83% lead, 17% follow
  • Last fund: Likely still investing — raised $25M in 2022

Portfolio highlights

  • NMB Bank — NMB Bank is dedicated to providing premium financial services to all existing and potential customers. Since 1993, we have offered supreme corporate, retail and investment banking solutions.
  • Drive45 — Drive45 is a company that specializes in mobility solutions, notably for people who need help with transportation due to age, disability, injury, or other mobility issues.
  • VivaJets — VivaJets is a aviation company providing a full range of aircraft management services, fractional ownership opportunities, and aircraft sales and acquisition.
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Kosmos Innovation Centre
VC Fund · Accra, Greater Accra, Ghana · 1 investments in Ghana Mobile startups

Explore funding options for small business ideas in Africa. Learn how to access capital, grow your startup, and succeed as an entrepreneur.

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Investment focus

  • Industry: AgTech, Agriculture, Apps
  • Stage:Seed, Pre-Seed
  • Geography: Ghana, Singapore

Investor stats

  • Total investments: 5
  • Round size: Seed $35k–$50k
  • Lead/follow: 40% lead, 60% follow

Portfolio highlights

  • Ethermon — Ethermon is a startup building blockchain-based games and gaming platform. Ethermon is the company's flagship title and has been in top 2 most popular dApp game not long since its release. The team is partnering with many notable projects such as Decentraland and Zilliqa in blockchain space to build game on VR and find a good scalabilitysolutions for games. In a longer term, Ethermon team will empower game builders to build more games on blockchain to re-shape the traditional gaming industry.
  • Yarp foods — YARP Foods is an agri processing startup that specializes in producing cost-effective all-purpose cassava flour for the flour user industries.
  • Complete Farmer — Complete Farmer connects growers, buyers, and vendors with technology, support, and market access across Ghana and beyond.
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Symbiotics Group
VC Fund · Geneva, Geneve, Switzerland · 1 investments in Ghana Mobile startups, 8 in the past 12 months

Symbiotics is the leading market access platform for impact investing. Symbiotics offers investment, asset management and capacity building services.

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Investment focus

  • Industry: Financial Services, FinTech, Finance
  • Stage:Debt Financing, Post-IPO Debt, Seed
  • Geography: India, Ghana, United States

Investor stats

  • Total investments: 45
  • Round size: Seed $2.3M–$3.2M; Post-IPO Debt $5M–$165M; Debt Financing $3M–$37M
  • Lead/follow: 64% lead, 36% follow

Portfolio highlights

  • Farmnet — Farmnet trading arm of Singapore-headquartered TechCoop, operates as a key player in Vietnam's agricultural supply chain, focusing on commodities trading and related services.
  • iFarmer — iFarmer connects farmers, agri-suppliers and funders with technology, financing, and advisory to boost agricultural productivity and sustainability.
  • Bharat Housing Network — Bharat Housing Network provides funding, technology, and infrastructure to affordable housing finance institutions in order to increase co-lending and accelerate home development.
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Ashley Thompson- MacCarthy
Angel · 1 investments in Ghana Mobile startups

Ashley Thompson-MacCarthy is the CEO at Obsidian Achernar. Ashley Thompson-MacCarthy attended Middlesex University.

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Investment focus

  • Industry: Mobile, Retail, FinTech
  • Stage:Series A
  • Geography: Ghana

Investor stats

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

Portfolio highlights

  • Zeepay — Zeepay Ghana Limited is a wholly Ghanaian owned Mobile FinancialServices company focusing on providing integrated mobile payments services with mobile wallets targeting the unbanked and banked population with the objective of bringing the unbanked into the financial stream and easing payments and collections for the banked population.Zeepayfacilitates the processing of multiple mobile phone payment transactions, and operates as a aggregator that brings transaction of all players together on one single platform. The company’s core application runs on open source technology, and is designed to integrate all types of payment platforms, banks, merchants, Mobile Network Operators (MNOs), and other companies with subscriber based transactions.
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Mobile Investor funding in Ghana at a glance

Stats across 23 deals from 26 investors.

26
investors
in Ghana Mobile startups
23
deals
in Ghana Mobile startups
$3.3M
median round
in Ghana Mobile startups
54%
lead investors
lead at least one round
26%
Non-equity Assistance
most common funding stage
92/8
VC / Angel
share of investor count

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