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Top 50 Payments VC Funds & Investors in Nigeria (June 2026)

The most active venture capital funds investing in Nigeria Payments startups. This investor list is updated monthly from the Shizune investor database, ranked by number of investments in Nigeria Payments startup companies. Find investors to raise a Pre-Seed, Seed or Series A round with Shizune.
Investor Relevant Deals Geography Stage Focus Round Size
Ingressive Capital
VC Fund
11 Nigeria, United States, Egypt Pre-Seed, Seed, Series A Financial Services, FinTech, Information Technology $25k–$15M
Ventures Platform
VC Fund
8 Nigeria, United States, Kenya Seed, Pre-Seed Financial Services, FinTech, Internet $100k–$4.4M
Golden Palm Investments
VC Fund
7 Nigeria, Egypt, Kenya Seed, Series A, Pre-Seed Information Technology, FinTech, Payments $30k–$15M
LoftyInc Capital
VC Fund
7 United States, Nigeria, Egypt Seed, Pre-Seed, Series A Financial Services, FinTech, Software $100k–$37M
Microtraction
VC Fund
5 Nigeria, United States, Ghana Pre-Seed, Seed, Angel Financial Services, FinTech, Software $25k–$1.3M
Lateral Frontiers
VC Fund
5 United States, Nigeria, Kenya Seed, Series A, Pre-Seed FinTech, Financial Services, Software $500k–$15M
Entrée Capital
VC Fund
4 United States, Israel, United Kingdom Seed, Series A, Series B Software, FinTech, Financial Services $1.4M–$55M
Berrywood Capital
VC Fund
4 Nigeria, United States Pre-Seed, Seed Financial Services, FinTech, Information Technology $125k–$3.7M
Tencent
VC Fund
4 China, United States, United Kingdom Series B, Series A, Series C Software, Financial Services, Artificial Intelligence $3.5M–$400M
Musha Ventures
VC Fund
4 United States, Nigeria, Kenya Seed, Pre-Seed, Series A Software, Financial Services, FinTech $125k–$10M
GreenHouse Capital
VC Fund
4 Nigeria, Kenya, United States Seed, Pre-Seed Financial Services, FinTech, Payments
Kepple Africa Ventures
VC Fund
3 Nigeria, Kenya, Egypt Seed, Pre-Seed Financial Services, FinTech, Software $300k–$4.5M
VentureSouq
VC Fund
3 United States, United Arab Emirates, Saudi Arabia Seed, Series A, Series B FinTech, Financial Services, Software $250k–$50M
Flori Ventures
VC Fund
3 United States, United Kingdom, India Seed, Pre-Seed Blockchain, FinTech, Cryptocurrency $100k–$11M
Voltron Capital
VC Fund
3 Nigeria, United States, Kenya Pre-Seed, Seed, Angel Financial Services, FinTech, Payments $115k–$6.5M
Flourish Ventures
VC Fund
3 United States, India, Brazil Series A, Seed, Series B FinTech, Financial Services, Finance $2M–$65M
Silverbacks Holdings
VC Fund
2 Sports
Lightning Ventures
VC Fund
2 United States, Canada, France Seed, Pre-Seed, Series A Bitcoin, Cryptocurrency, FinTech $250k–$6.1M
TRANSSION
VC Fund
2 China, Uganda, Nigeria Series A, Seed, Pre-Seed Apps, FinTech, Hardware $15M–$100M
MediaTek
VC Fund
2 United States, China, Taiwan Series A, Series B, Series D Software, Semiconductor, Information Technology $2M–$250M
Greenhouse Capital Partners
VC Fund
2 United States, Nigeria, Norway Series B, Series A Software, Financial Services, Manufacturing $500k–$39M
Unpopular Ventures
VC Fund
2 United States, India, Mexico Seed, Pre-Seed, Series A Software, Artificial Intelligence, FinTech $500k–$69M
RaliCap
VC Fund
2 United States, Nigeria, Mexico Seed, Pre-Seed, Angel Financial Services, FinTech, Payments $313k–$8.3M
BYLD
VC Fund
2 United States, United Kingdom, Nigeria Seed, Pre-Seed, Series A Financial Services, Payments, FinTech $120k–$6.5M
Nordea
VC Fund
2 Finland, Sweden, Norway Debt Financing, Seed FinTech, Financial Services, Banking
Digital Currency Group
VC Fund
2 United States, United Kingdom, Singapore Seed, Series A Blockchain, Cryptocurrency, FinTech $510k–$48M
TLcom Capital Partners
VC Fund
2 Nigeria, United States, United Kingdom Series A, Seed Software, Mobile, Information Technology $494k–$13M
The Chrysalis Capital
VC Fund
2 Nigeria, United States Seed, Series A, Pre-Seed Financial Services, FinTech, Bitcoin $2M–$15M
Cadenza Ventures
VC Fund
2 United States, Singapore, Canada Seed, Pre-Seed, Series A Cryptocurrency, Blockchain, FinTech $1M–$28M
CRE Venture Capital
VC Fund
2 South Africa, Nigeria, United States Seed, Series A, Pre-Seed Financial Services, FinTech, Software $250k–$25M
Zrosk Investment Management
VC Fund
2 Nigeria, United Kingdom, United States Seed, Pre-Seed, Series A Financial Services, FinTech, Finance $500k–$33M
VilCap Investments
VC Fund
2 United States, India, Kenya Seed, Series A Financial Services, Health Care, FinTech $50k–$6M
SBI Investment
VC Fund
2 Japan, United States, South Korea Series B, Series A Information Technology, Software, Financial Services $4.8M–$283M
Visa
VC Fund
1 United States, United Kingdom, Egypt Series B, Series C FinTech, Financial Services, Payments
Polymath Capital
VC Fund
1 United States, Mexico, Germany Seed, Pre-Seed, Series A Software, FinTech, Financial Services
Yellowwood
VC Fund
1 Nigeria Pre-Seed Payments, Financial Services
Norrsken22
VC Fund
1 South Africa, Egypt, Nigeria Series B, Series C, Pre-Seed Financial Services, Banking, B2B
54 Collective
VC Fund
1 Kenya, Nigeria, South Africa Seed, Pre-Seed Health Care, Information Technology, FinTech
White Hibiscus Capital
VC Fund
1 Nigeria Seed Lending, Payments, Risk Management
ACE & Company
VC Fund
1 United States, Switzerland, United Kingdom Seed, Series A Software, Financial Services, FinTech $1M–$24M
Leadpath Nigeria
VC Fund
1 Nigeria Seed Banking, FinTech, Finance
Saturn Blockchain Ventures
VC Fund
1 Nigeria Pre-Seed Blockchain, Cryptocurrency
MyAsia VC
VC Fund
1 India, United States, Kenya Seed, Pre-Seed, Series A Financial Services, FinTech, E-Commerce
Capital V
VC Fund
1 Nigeria, United States, India Pre-Seed, Seed Food and Beverage, FinTech, Organic Food
All On
VC Fund
1 Nigeria, France, Senegal Seed, Grant Renewable Energy, Energy, Solar
Partech
VC Fund
1 United States, France, Germany Series A, Seed, Series B Software, E-Commerce, SaaS
Verod-Kepple Africa Ventures
VC Fund
1 Nigeria, Egypt, South Africa Seed Retail, Internet, Payments
CrossFund
VC Fund
1 Nigeria, Vietnam, Australia Seed, Angel, Pre-Seed FinTech, Payments, B2B
Century Oak Capital
VC Fund
1 Nigeria, United States, Kenya Seed, Pre-Seed, Series A FinTech, Retail, Software
Yunshi Capital
VC Fund
1 China, Nigeria Series A, Seed, Series B Software, Art, Health Care
Access all 155 VC funds in Nigeria Payments startups.

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

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Investor list

Ingressive Capital
VC Fund · Lagos, Lagos, Nigeria · 11 investments in Nigeria Payments startups

Ingressive Capital is a renowned $50M Pan-African Venture Capital Fund that invests in indigenous founders and startups across Africa, with focus on Egypt, Ghana, Kenya, Morocco, and Nigeria. Specializing in early-stage investments, particularly Pre-Seed and Seed stages, it targets technology companies led by top-tier talent driving transformativegrowth in Africa's GDP. The firm's thesis focuses on B2C solutions that cater to the explosive growth within the tech-enabled, decentralized-learning youth demographic, as well as B2B solutions that increase Africa’s value chain ownership from resource extraction to end-product sale. Its goal is to become becoming a highly valuable VC partner on the founders' cap tables, and being at the forefront of supporting and enabling entrepreneurial success across Africa.

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Investment focus

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

Investor stats

  • Total investments: 70
  • Round size: Seed $400k–$4.5M; Pre-Seed $25k–$2.1M; Series A $10M–$15M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — raised $5M in 2023

Portfolio highlights

  • Nowlun — Search for cheap & fast freight prices from all shipping lines.
  • REasy — Top up locally, pay suppliers globally, and manage international shipments with REasy. Fast, secure, and designed for African businesses expanding worldwide.
  • Complete Farmer — Complete Farmer connects growers, buyers, and vendors with technology, support, and market access across Ghana and beyond.
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Ventures Platform
VC Fund · Abuja, Federal Capital Territory, Nigeria · 8 investments in Nigeria Payments startups

We back founders building the future of Africa. We invest in companies that solve for non-consumption, plug infrastructural gaps and democratise prosperity in Africa, by eliminating the barriers for access and reducing the costs of delivering goods and services.

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Investment focus

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

Investor stats

  • Total investments: 141
  • Round size: Seed $325k–$4.4M; Pre-Seed $100k–$1.3M
  • Lead/follow: 28% lead, 72% follow

Portfolio highlights

  • SEND — SEND manages the entire process of moving freight by air, ocean and road to and from Africa - including customs processes, trucking and warehousing. Our application provides instant quotes & bookings, document management, cost transparency, notifications and tracking for your cargo.
  • PressOne — Eliminate the guesswork in your customer service operations. Track every conversation. Coach your team with AI-driven insights.
  • 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.
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Golden Palm Investments
VC Fund · Accra, Greater Accra, Ghana · 7 investments in Nigeria Payments startups

Golden Palm Investments is an investment holding and advisory company.

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Investment focus

  • Industry: Information Technology, FinTech, Payments
  • Stage:Seed, Series A, Pre-Seed
  • Geography: Nigeria, Egypt, Kenya

Investor stats

  • Total investments: 56
  • Round size: Seed $1.8M–$6M; Pre-Seed $30k–$6.5M; Series A $2M–$15M
  • Lead/follow: 5% lead, 95% follow
  • Last fund: May invest from a new fund soon — last raise in 2014

Portfolio highlights

  • ILLA — ILLA Trucking for Logistics Solutions & Distribution
  • 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.
  • Jetstream Africa — Jetstream monitors inventory and goods-in-transit for trade creditors and banks.
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LoftyInc Capital
VC Fund · Carmel, California, United States · 7 investments in Nigeria Payments 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: 147
  • Round size: Seed $100k–$5M; Pre-Seed $100k–$2.4M; Series A $250k–$37M
  • Lead/follow: 14% lead, 86% follow
  • Last fund: Likely still investing — raised $14M in 2021

Portfolio highlights

  • Aku — Aku is a financial technology to drive financial inclusion on one mobile device. They provide payments and bring financial services to the doorstep. They support the new business owner in need of the right tools. They offer low-cost, accessible financial services that serve their customers. They radically democratized access to banking and digitalpayment channels.
  • AlumUnite — AlumUnite is a purpose-built platform to connect all educated Africans to develop Africa's human capital through alumni groups. We crowd-resource education.
  • Reliance Health — Reliance Health Global. Improve the lives of your staff with innovative company healthcare benefits fit for any business. You can rely on us.
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Microtraction
VC Fund · Lagos, Lagos, Nigeria · 5 investments in Nigeria Payments startups

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

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Pre-Seed, Seed, Angel
  • Geography: Nigeria, United States, Ghana

Investor stats

  • Total investments: 103
  • Round size: Seed $25k–$1.3M; Angel $30k–$50k; Pre-Seed $50k–$1.1M
  • Lead/follow: 23% lead, 77% follow

Portfolio highlights

  • Accounteer — Accounteer is a cloud accounting platform for small businesses. Business owner can create invoices, track expenses and follow up on their finances with ease. Accounteer integrates with external services like banks, e-invoicing platforms and e-commerce. Future proof your business today by subscribing for a free Accounteer trial account.
  • LemFi — Send money to India, China, Pakistan, Nigeria, Ghana, Kenya and 30 other countries. Receive and manage your money without stress
  • ThankUCash — ThankUCash is a technology company powering rewards and loyalty for African banks and businesses. ThankUCash helps merchants grow revenue by connecting them to customers within and outside of their locations while retaining acquired customers using a data analytics-powered reward system where customers earn cash rewards for every transaction madeboth offline and online.
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Lateral Frontiers
VC Fund · New York, New York, United States · 5 investments in Nigeria Payments startups

Lateral Capital is a mission driven venture fund investing in early and growth stage opportunities in Africa. We back companies that provide foundational technologies for the continent. We make debt and equity investments technology-enabled businesses that profitably solve significant pain points across financial services, healthcare, education,energy, agriculture, housing, logistics, mobility and more.

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Investment focus

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

Investor stats

  • Total investments: 37
  • Round size: Seed $1M–$3.1M; Pre-Seed $500k–$3.5M; Series A $558k–$15M
  • Lead/follow: 19% lead, 81% follow
  • Last fund: May invest from a new fund soon — raised $50M in 2020

Portfolio highlights

  • CNote — CNote makes initial Cash Deposits easy for corporations, foundations, and individuals. Align your financial goals with your values and drive change in communities.
  • Rhaeos — Rhaeos, the world's first wearable shunt monitor, aims to improve the quality care for patients with hydrocephalus through a novel, thermal biosensor. Developed within Northwestern University with collaboration between Dr. John Rogers, McCormick School of Engineering, Feinberg School of Medicine and Kellogg School of Management, Rhaeosrepresents a unique multidisciplinary translational effort for an important clinical need.
  • Wattnow — Wattnow is a real-time monitoring solution that provides a breakdown of energy spending to identify wasteful trends.
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Entrée Capital
VC Fund · London, England, United Kingdom · 4 investments in Nigeria Payments startups

We are a team of former serial founders managing $1.5Bn across a number of funds, with offices in Tel Aviv, London, and New York. We back the next generation of category-defining companies with conviction of founders who have built companies themselves.We back founders with a partnership built on trust, fairness and real operating experience. Westand with founders through every challenge, and help them grow with clarity, resilience and purpose.

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Investment focus

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

Investor stats

  • Total investments: 248
  • Round size: Seed $1.4M–$13M; Series A $4M–$24M; Series B $14M–$55M
  • Lead/follow: 34% lead, 66% follow
  • Last fund: Likely still investing — raised $300M in 2022

Portfolio highlights

  • re:cap — re:cap enables companies in the subscription economy to trade future revenues for on-demand, non-dilutive capital. Fast, transparent and easy.
  • Classiq Technologies — A software platform that helps users create scalable complex quantum computer algorithms, software, and circuits for any gate-based quantum computer
  • Packfleet — We serve millions of Londoners, combining a top-notch delivery service with advanced technology to offer a carbon-neutral delivery experience like no other.
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Berrywood Capital
VC Fund · 4 investments in Nigeria Payments startups

Berrywood Capital is an investment firm.

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Investment focus

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

Investor stats

  • Total investments: 9
  • Round size: Seed $295k–$2.4M; Pre-Seed $125k–$3.7M
  • Lead/follow: 11% lead, 89% follow

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.
  • Flex Finance — Flex Finance is a simple, accessible mobile platform that allows SMEs manage and track their expenses, with little-to-no financial knowledge required. Using our inbuilt AI, business owners also receive insights that help them stop waste, save money and make smarter spending decisions. Flex is committed to enabling more SMEs make it past their thirdbirthday, so they can continue to provide the income and jobs that sustain the vast majority of Nigerians.
  • Bridgecard — Issue physical or virtual cards that carry a MasterCard or Visa logo to your users with our card issuing APIs. Get started in a week.
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Tencent
VC Fund · Shenzhen, Guangdong, China · 4 investments in Nigeria Payments startups

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.

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Investment focus

  • Industry: Software, Financial Services, Artificial Intelligence
  • Stage:Series B, Series A, Series C
  • Geography: China, United States, United Kingdom

Investor stats

  • Total investments: 532
  • Round size: Series A $3.5M–$142M; Series B $15M–$200M; Series C $34M–$400M
  • Lead/follow: 45% lead, 55% follow

Portfolio highlights

  • Wattpad — Wattpad is a digital entertainment company providing an online social storytelling platform for original stories.The company utilizes the power of community and technology to enable the creation and distribution of content across a variety of formats. Its flagship app, Wattpad, is home to a community of more than 65 million people who spend over20 billion minutes a month engaged in original stories. Tap by Wattpad, the company’s second storytelling product, offers short, chat-based stories in over a dozen languages. Wattpad Studios co-produces stories for film, television, digital, and print, together with industry partners. Wattpad Brand Solutions offers a full suite of advertising products to help brands build deep engagement with Millennial and Gen Z consumers.It was established by Allen Lau and Ivan Yuen in Toronto, Ontario, Canada in 2006.
  • Academia.edu — Academia.edu is the largest and fastest-growing platform in the world for sharing academic research. Its mission is to accelerate and democratize academic research. Over 150 million academics have signed up to Academia.edu, adding 25 million papers. Over 100,000 people join Academia.edu each day. Academia.edu attracts over 52 million uniquevisitors a month. 40% of the world's faculty log in to Academia.edu every month. The company was founded in 2008 and is headquartered in San Francisco, California.
  • Reliance Health — Reliance Health Global. Improve the lives of your staff with innovative company healthcare benefits fit for any business. You can rely on us.
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Musha Ventures
VC Fund · New York, New York, United States · 4 investments in Nigeria Payments startups

Seed capital for technology startups globally.

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Investment focus

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

Investor stats

  • Total investments: 138
  • Round size: Seed $125k–$4.2M; Pre-Seed $300k–$3.2M; Series A $2.5M–$10M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • nGrow.ai — Boost revenue and engagement
  • Orca Fraud — Orca empowers fraud fighters with effective tools to combat fraud
  • SkillMagic — SkillMagic's AI finds the best technical content, delivers it directly to junior engineers, and helps you track progress.
Show all investments...

Access 48,091 investors

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

Browse database — It's Free!
GreenHouse Capital
VC Fund · Ikeja, Lagos, Nigeria · 4 investments in Nigeria Payments startups

GreenHouse Capital’s Founding Partners took their own fintech company Venture Garden Group (VGG) from a 7 employee, ₦30 million revenue startup to a 200 employees, ₦2 billion power house in just 4 years and raised an attention grabbing Series A round from Convergence Partners of South Africa. The uniqueness of their position was not lost on thefounders who then cultivated Garden Institute of Business Entrepreneurs (GIBE) to identify, incubate, and invest in young and innovative tech startups solving global challenges in Emerging Markets. GIBE was created to build a world class talent management hub for young and passionate entrepreneurs while creating a pool of technology inclined businesses and innovation oriented leaders.

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Investment focus

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

Investor stats

  • Total investments: 32
  • Lead/follow: no public data

Portfolio highlights

  • Credpal — Buy now, pay later. Split in 6.
  • Encore Pay — Encore Pay is a UAE-based FinTech and Payment solutions provider.
  • MarketForce — MarketForce connects Africa’s informal retail outlets and consumers directly to suppliers of consumer goods and financial services by digitizing orders, delivery, and payments with the aim of solving the last mile distribution challenge.
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Kepple Africa Ventures
VC Fund · Tokyo, Tokyo, Japan · 3 investments in Nigeria Payments startups

We back exceptional founders in and from Africa who are addressing deep gaps between the status quo and the ideal.

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Investment focus

  • Industry: Financial Services, FinTech, Software
  • Stage:Seed, Pre-Seed
  • Geography: Nigeria, Kenya, Egypt

Investor stats

  • Total investments: 77
  • Round size: Seed $500k–$4.5M; Pre-Seed $300k–$3.4M
  • Lead/follow: 22% lead, 78% follow

Portfolio highlights

  • Paps — Paps is a transport and logistics company that offers innovative distribution and delivery solutions to companies and merchants.The company's e-commerce platform helps companies and traders with scheduling and tracking deliveries on a real-time basis. It offers the distribution of documents and parcels, storage of goods in a secure warehousethat meets standards, and delivery of insured parcels in relay point or last mile. It also provides professional services such as management and repayment of cash on delivery, provision of couriers, management of returns, collection, and periodic reporting.The Dakar, Dakar, Senegal-based company was founded in 2016
  • Mvxchange — MVX makes freight shipping easier and more coordinated for companies of any size by bringing the whole booking and deployment process online. We simplify Africa’s end-to-end import and export trade transactions by aggregating and organizing 7+ services through 1 digital channel.
  • Intmax — INTMAX has developed significant innovations in ZK implementation making it a unique Layer2 rollup network that offers low cost, security, tunable privacy, and above all, scalability.
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VentureSouq
VC Fund · Dubai, Dubai, United Arab Emirates · 3 investments in Nigeria Payments startups

VentureSouq (VSQ) is a MENA-based venture capital fund manager with a global portfolio. VSQ manages thematic funds, with a current focus on FinTech and ClimateTech.

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Investment focus

  • Industry: FinTech, Financial Services, Software
  • Stage:Seed, Series A, Series B
  • Geography: United States, United Arab Emirates, Saudi Arabia

Investor stats

  • Total investments: 168
  • Round size: Seed $250k–$9M; Series A $6M–$37M; Series B $6M–$50M
  • Lead/follow: 13% lead, 87% follow
  • Last fund: Likely still investing — raised $50M in 2021

Portfolio highlights

  • Inovat — Travellers have to stand hours in the queues and get charged hidden fees to receive Tax refund that they are entitled to. They change that. With Inovat, get the best Tax Free experience that you deserve.
  • Orbii AI — Our AI enriches & analyses borrower data, helping you make credit decisions in minutes. Accelerate your business loan Underwriting decisons.
  • Siin — E-commerce Marketplace
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Flori Ventures
VC Fund · San Francisco, California, United States · 3 investments in Nigeria Payments startups

More than a seed-stage fund and a portfolio of startups: Our community of founders taps into the power of financial innovation to collaborate around global problems and unlock prosperity for all.

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Investment focus

  • Industry: Blockchain, FinTech, Cryptocurrency
  • Stage:Seed, Pre-Seed
  • Geography: United States, United Kingdom, India

Investor stats

  • Total investments: 100
  • Round size: Seed $250k–$11M; Pre-Seed $100k–$3.5M
  • Lead/follow: 9% lead, 91% follow

Portfolio highlights

  • Mento Labs — Mento Labs is a decentralized EVM platform for launching and managing multi-currency stable assets.
  • Learn.xyz — Learn.xyz’s is a mixture of Duolingo and Wikipedia, powered by AI, creating bite-sized “Curiosities” which feature slides and a quiz, in mere seconds just from taking in a user’s question. Find the app on iOS and Android.
  • Thrive Protocol — Thrive Protocol's vision is to maximize value creation for all people and communities.
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Voltron Capital
VC Fund · 3 investments in Nigeria Payments startups

On a mission to back the most extraordinary entrepreneurs out of Africa solving important problems in large markets.

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Investment focus

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

Investor stats

  • Total investments: 29
  • Round size: Seed $1.7M–$4M; Pre-Seed $115k–$6.5M
  • Lead/follow: 3% lead, 97% follow

Portfolio highlights

  • Lengo — Lengo is an AI based intelligence platform that offers a large database on consumer goods for companies in the FMCG sector.
  • Bujeti — Bujeti is the finance control centre for African businesses. Manage expenses, automate payments, and issue corporate cards for total control and visibility.
  • Maad — Maad is Francophone Africa's fastest-growing B2B marketplace, based in Dakar, Senegal. Our tech-driven solution allows retailers to order products from our one-stop shop and benefit from working capital loans
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Flourish Ventures
VC Fund · Redwood City, California, United States · 3 investments in Nigeria Payments startups

We are an early-stage global venture capital firm investing in fintech founders.

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Investment focus

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

Investor stats

  • Total investments: 180
  • Round size: Seed $2M–$8.5M; Series A $5.5M–$35M; Series B $8.3M–$65M
  • Lead/follow: 18% lead, 82% follow
  • Last fund: Likely still investing — fund raised in 2023

Portfolio highlights

  • Spade — Providing AI merchant extraction, brand logos, merchant locations, and categorization as a service to fin-techs.
  • Spry — Simplify your physical therapy practice with SPRY. Our all-in-one software streamlines billing, EMR, documentation, and insurance verification. Experience the SPRY difference today.
  • Hummingbird — Hummingbird is a platform for managing anti-money laundering (AML) operations. Compliance professionals use Hummingbird to collect case information, conduct investigations, and report on unusual or suspicious behaviors. The platform dramatically reduces paperwork and improves efficiency, enabling AML investigators to refocus on fighting financialcrime.Hummingbird’s founding team brings together product and regulatory experience from organizations like Square, IDEO, the Department of the Treasury, and the OCC. Hummingbird is using data and design to modernize regulatory compliance in finance.
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Silverbacks Holdings
VC Fund · Ebène, Plaines Wilhems, Mauritius · 2 investments in Nigeria Payments startups

Silverbacks Holdings is a Mauritius-based private investment firm established in 2019, focusing on Africa-related companies in underserved industries such As technology, sports, entertainment, and the creative economy. The firm aims for returns averaging 3x to 5x on its investments and has achieved 9 profitable exits since its inception. Its portfolio includes over 240 companies across Africa, collectively valued at over $10 billion. Landmark investments include the Cape Town Tigers (2024 BAL semi-finalists), Forever7 Entertainment (Netflix content deals), and Moove (a global mobility fintech backed by Uber), and Wave (a mobile money and global remittance focused fintech backed by Stripe).

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Investment focus

  • Industry: Sports

Investor stats

  • Total investments: 6
  • Lead/follow: 33% lead, 67% follow

Portfolio highlights

  • Bitnob — Bitnob is a technology and financial services company built on top of Bitcoin technologies. Bitnob offers automated Bitcoin savings and purchases, Bitcoin collaterallized loans, remittance services, OTC and business applications that makes it easier for people to transition into the Bitcoin economy
  • NERGii — NERGii is a sports technology business that makes cutting-edge insoles for shoes that improve performance.
  • African Warriors Fighting Championship — African Warriors Fighting Championship is Africa's leading promoter of traditional combat sports: Dambe and Wrestling.
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Lightning Ventures
VC Fund · New York, New York, United States · 2 investments in Nigeria Payments startups

Lightning Ventures is an exclusively Bitcoin focused network of investors, operators, and developers, dedicated to supporting Lightning Network adoption worldwide

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Investment focus

  • Industry: Bitcoin, Cryptocurrency, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Canada, France

Investor stats

  • Total investments: 57
  • Round size: Seed $1M–$6M; Pre-Seed $250k–$620k; Series A $6M–$6.1M
  • Lead/follow: 7% lead, 93% follow

Portfolio highlights

  • JAN3 — JAN3 provides technologies and solutions for individuals, enterprises, and nation-states to prepare for the future built on Bitcoin.
  • Vida — Vida is the AI Agent Operating System for enterprises. Build, deploy, and manage AI agents that call, text, email, and chat at scale with no-code tools.
  • OrdinalsBot — We make it easy to inscribe ordinals. Like, really easy.
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TRANSSION
VC Fund · Shenzhen, Guangdong, China · 2 investments in Nigeria Payments startups

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.

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Investment focus

  • Industry: Apps, FinTech, Hardware
  • Stage:Series A, Seed, Pre-Seed
  • Geography: China, Uganda, Nigeria

Investor stats

  • Total investments: 8
  • Round size: Series A $15M–$100M
  • Lead/follow: 25% lead, 75% follow

Portfolio highlights

  • Future Intelligence — Vision Intelligence is a AI smart hardware company that manufactures and sells interactive intelligence based electronic consumer products.
  • Safeboda — At the click of a button, SafeBoda provides a safe, more convenient, mobile-first alternative to urban transportation for Africa’s booming young population. They are working to improve the industry for both drivers and passengers by increasing the number of safe trips taken per day and by making travel around cities convenient andstress-free.Founded in the heart of Kampala Uganda, they are truly an African business, designed for the African context.
  • Ganfeng lithium battery — Ganfeng Lithium Battery is a research and development manufacturer of lithium-ion power batteries.
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MediaTek
VC Fund · Hsinchu, T'ai-wan, Taiwan · 2 investments in Nigeria Payments startups

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

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Investment focus

  • Industry: Software, Semiconductor, Information Technology
  • Stage:Series A, Series B, Series D
  • Geography: United States, China, Taiwan

Investor stats

  • Total investments: 37
  • Round size: Series A $2M–$250M; Series B $5M–$83M; Series D $60M–$170M
  • Lead/follow: 16% lead, 84% follow

Portfolio highlights

  • Eridu — Eridu is the pioneer advancing the frontier in AI networking, breaking through the network wall with a solution built from the ground up for scale-out and scale-up networks in AI data centers. Eridu’s network switch delivers the order-of-magnitude advance in performance, radix and throughput needed to maximize utilization, throughput andefficiency in AI clusters and data centers. Founded by a team of accomplished technology and business innovators and backed by leading investors with over $200M in funding to date, Eridu is solving the network bottlenecks throttling AI.
  • Ayar Labs — Ayar Labs develops a monolithic in-package optical I/O (MIPO) solution for applications that require high bandwidth, low latency, and power-efficient short-reach interconnects.The company disrupts the traditional performance, cost, and efficiency curves of the semiconductor and computing industries by driving improvement in interconnectbandwidth density at lower power. Its patented approach uses industry-standard cost-effective silicon processing techniques to develop high speed, high density, low power optical-based interconnect “chiplets” and lasers to replace traditional electrical-based I/O. Ayar’s flagship product is a chip called TeraPhy that implements its optical technology on compact silicon die. The chip can be integrated directly into a central processing unit, graphics card, or another processor to give it optical data transmission capabilities.The Emeryville, California-headquartered company was established in 2015 by Alex Wright-Gladstein, Vladimir Stojanovic, Chen Sun, and Mark Wade.
  • InfiniLink — Empowering Hyperscale Datacenters Building Energy-Efficient Ultra-High-Speed Connectivity Solutions
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Greenhouse Capital Partners
VC Fund · Sausalito, California, United States · 2 investments in Nigeria Payments startups

Greenhouse Capital Partners invests in B2B technology solutions that improve resource efficiency, drive climate change resiliency and unlock new value streams across legacy industrial supply chains and infrastructure.

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Investment focus

  • Industry: Software, Financial Services, Manufacturing
  • Stage:Series B, Series A
  • Geography: United States, Nigeria, Norway

Investor stats

  • Total investments: 41
  • Round size: Series A $500k–$12M; Series B $500k–$39M
  • Lead/follow: 12% lead, 88% follow

Portfolio highlights

  • Lifefactory — Lifefactory designs healthy housewares solutions for modern life. The Company brings the purity of glass, the protection of silicone, and the power of color to a full line of products designed for everyday use by healthy families. The Lifefactory line began with baby bottles, and has grown to include iconic adult water bottles, wine and beverageglasses and oven-friendly food storage. All components are made in North America or Europe. The Company is privately held and headquartered in Sausalito, CA. Learn more at http://www.lifefactory.com.
  • Revive Kombucha — Since 2010, we have been brewing up beverages that taste as good as they are good for you! Revive is the healthy alternative to soda. Our award winning and innovative new Revive Sparkling Kombucha line; with 5g sugar, 20 calories and 5 billion probiotics, is your delicious and healthy adventure ready partner in a can.
  • Linkage Biosciences — Linkage Biosciences is a molecular diagnostics company developing products that hope to improve and expedite complex genetic testing. Their initial focus is on diagnostic products for solid organ and hematopoietic stem cell transplantation where their proprietary technology will have an impact. The company offers human leukocyte antigen testingproducts used in solid organ and hematopoietic stem cell transplantation, as well as provides pharmacogenomic and autoimmune disease testing and research and genetic marker tests.Lingkage Biosciences was founded in 2004 and is based in
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Unpopular Ventures
VC Fund · San Francisco, California, United States · 2 investments in Nigeria Payments startups

The best companies, off the beaten path.

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Investment focus

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

Investor stats

  • Total investments: 251
  • Round size: Seed $500k–$9M; Pre-Seed $500k–$2.5M; Series A $6.8M–$69M
  • Lead/follow: 4% lead, 96% follow

Portfolio highlights

  • 222 — this must be the place.
  • DRUO — DRUO provides online payment gateway for businesses.
  • ContentRadar — Create & repurpose content with AI for LinkedIn & X in one click. Sign up for free!
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RaliCap
VC Fund · San Francisco, California, United States · 2 investments in Nigeria Payments startups

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.

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Investment focus

  • Industry: Financial Services, FinTech, Payments
  • Stage:Seed, Pre-Seed, Angel
  • Geography: United States, Nigeria, Mexico

Investor stats

  • Total investments: 54
  • Round size: Seed $1.4M–$8.3M; Pre-Seed $313k–$3.7M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • Frain technologies — We're passionate about the product delivery value chain.
  • Moffin — Moffin is an integration platform of KYC data providers that enables customers to collect and evaluate data. It can be used via API or no code.
  • Revio — Subscription billing and payments made easy.
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BYLD
VC Fund · London, England, United Kingdom · 2 investments in Nigeria Payments startups

Byld Ventures is a corporate venture capital firm focusing on early-stage technology investments.

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Investment focus

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

Investor stats

  • Total investments: 23
  • Round size: Seed $200k–$6.5M; Pre-Seed $120k–$2.1M
  • Lead/follow: 13% lead, 87% follow

Portfolio highlights

  • Waza — Waza is a web platform with APIs. It helps startups and emerging market businesses manage their cash flow issues, invoicing needs, and international payment requirements.
  • Munify — Fast, secure, and cost-efficient cross-border payments powered by stablecoins. Send and receive money globally without delays, high fees, or the complexity
  • Stream — Stream is a company that helps make payments simpler, faster, and reliable.
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Nordea
VC Fund · Helsinki, Southern Finland, Finland · 2 investments in Nigeria Payments startups

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.

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Investment focus

  • Industry: FinTech, Financial Services, Banking
  • Stage:Debt Financing, Seed
  • Geography: Finland, Sweden, Norway

Investor stats

  • Total investments: 23
  • Lead/follow: no public data

Portfolio highlights

  • Tibber — Tibber is a digital electricity supplier that offers smart solutions to minimize their customers’ consumption and costs. Its vision is to make sustainable energy consumption simple and affordable for all households. Tibber's mission is to reduce the residential electricity consumption for European households by 20 %. Founded in Norway andSweden in 2016, the company has expanded its offer to Sweden and Germany where it powers hundreds of thousands of homes. Tibber replaces traditional utilities with smart technology, supplying its customers with renewable energy at fair and transparent prices. In addition, its app provides real-time analytics into energy usage, and pairs with a variety of smart home devices to reduce electricity consumption at home. The company sells tech-gadgets in their online store and recently was licensed to balance the main power grid in Sweden with EVs.
  • Statzon — Make data-driven plans & faster decisions with a simple access to +1M datasets & market reports about 8,000 topics from +200 trusted data providers.
  • 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.
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Digital Currency Group
VC Fund · Stamford, Connecticut, United States · 2 investments in Nigeria Payments startups

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

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Investment focus

  • Industry: Blockchain, Cryptocurrency, FinTech
  • Stage:Seed, Series A
  • Geography: United States, United Kingdom, Singapore

Investor stats

  • Total investments: 281
  • Round size: Seed $510k–$7.7M; Series A $3M–$48M
  • Lead/follow: 10% lead, 90% follow

Portfolio highlights

  • Zabo — Zabo is an API for connecting to any crypto exchange, wallet, protocol or account. Sign up for access to free API keys at Zabo.com
  • Ballet — Ballet Crypto is a companion mobile app, which enables sending of cryptocurrency, checking market value and activating additional currencies. The use of the mobile app is completely optional, as you do not need it to receive and store your cryptocurrency safely.
  • Ceramic Network — Ceramic Network is a provider of protocols for decentralized and composable data applications. The network decentralizes application databases, making data universally composable and reusable across applications. It consists of three core parts: a highly-scalable, decentralized infrastructure for data availability and consensus, a marketplace ofcommunity-created data models, and a suite of standard APIs for storing, updating, and retrieving data from those models.
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TLcom Capital Partners
VC Fund · London, England, United Kingdom · 2 investments in Nigeria Payments startups

TLcom Capital, is an Africa focused tech VC, with offices in Lagos, Nairobi and London. TLcom had been investing since 1999 in Tech, Media, Mobil and Internet companies across Europe, US and Africa, which is the exclusive focus of its most recent TLcom TIDE Africa funds. TLcom manages total commitments of approximately 300 million USD in thesesectors via a series of dedicated investment vehicles. Our investment strategy is to identify, back and assist world class entrepreneurs and management teams with disruptive technologies and business models, compelling intellectual property and deep market knowledge. We primarily target companies focused on Africa as a prime market, in the following investment themes: Access to Data Service; Financial Services; eCommerce; B2C applications (including but not limited to: health, education, energy, media and entertainment); and Software solutions to corporates and SMEs.

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Investment focus

  • Industry: Software, Mobile, Information Technology
  • Stage:Series A, Seed
  • Geography: Nigeria, United States, United Kingdom

Investor stats

  • Total investments: 57
  • Round size: Seed $494k–$13M; Series A $3.8M–$13M
  • Lead/follow: 53% lead, 47% follow
  • Last fund: Likely still investing — raised $150M in 2022

Portfolio highlights

  • Hub2.Io — Welcome to HUB2, the leading FINTECH startup in interoperability and payment infrastructure in Francophone Africa. We are proud to work with all financial industry players in Africa who need stable and high-performing infrastructure, and contribute to their success.
  • Talstack — Talstack is an all-in-one platform for employee growth and development
  • LittleFish — Full stack enterprise platform that extends your infrastructure, instead of replacing it.
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The Chrysalis Capital
VC Fund · Lagos, Lagos, Nigeria · 2 investments in Nigeria Payments startups

The Chrysalis Capital is a venture capital firm focuses on early-stage tech companies.

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Investment focus

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

Investor stats

  • Total investments: 5
  • Round size: Seed $2M–$2M; Series A $10M–$15M
  • Lead/follow: 0% lead, 100% follow

Portfolio highlights

  • Bankly — Bankly is a digital savings and peer to peer transfer product where users fund their wallet using tokens available on Bankly vouchers nationwide in a “Recharge to save” model. This cash digitisation system is similar to the telco mobile airtime top up and is currently available on MTN and 9mobile networks in Nigeria.Financial services has to beseen through the lenses of a fast moving consumer product in order to reach the last mile and the use of vouchers has been proven to be a successful cash digitisation system by the telecoms industry. Leveraging this existing consumer behaviour to drive financial inclusion, reduce cost of financial services and create a foundation to provide other financial services is where Bankly identifies huge potential and is poised to make an impact.
  • Bamboo — Bamboo is a digital investment platform that provides real-time access to buy, hold, or sell stocks. The investment platform is accessible on both computers and mobile phones.
  • 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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Cadenza Ventures
VC Fund · San Francisco, California, United States · 2 investments in Nigeria Payments startups

Global Investors in Transformative Technologies

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Investment focus

  • Industry: Cryptocurrency, Blockchain, FinTech
  • Stage:Seed, Pre-Seed, Series A
  • Geography: United States, Singapore, Canada

Investor stats

  • Total investments: 54
  • Round size: Seed $1.6M–$6.2M; Pre-Seed $1M–$4.3M; Series A $3.5M–$28M
  • Lead/follow: 20% lead, 80% follow

Portfolio highlights

  • VALR — Buy and sell bitcoin, ethereum & more | Pay anyone for free with VALR Pay
  • Wyre — Wyre is a developer of a blockchain-based payment platform designed to change the future of how international payments are done. The company's platform provides real-time payouts, same-day transfers, and direct-to-bank transfers, enabling businesses to move money across borders from country-to-country at a competitive foreign exchange rate.Wyre's business owners can easily create an account and send money to any person or business without worrying about high foreign exchange rates, hidden fees, complicated payout timing, and high payment fees. It also provides onramps and off-ramps, foreign exchange, and crypto liquidity to users of various crypto projects including decentralized exchanges.Wyre was founded in 2013 and is headquartered in San Francisco, California, USA.
  • Casa — Casa is the leading provider of Bitcoin self-custody solutions. Buy, sell, and receive bitcoin with our ultimate blend of security, privacy, and control.
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CRE Venture Capital
VC Fund · New York, New York, United States · 2 investments in Nigeria Payments startups

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

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Investment focus

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

Investor stats

  • Total investments: 56
  • Round size: Seed $1.1M–$4M; Pre-Seed $250k–$3.3M; Series A $1.1M–$25M
  • Lead/follow: 32% lead, 68% follow

Portfolio highlights

  • Andela — Unlock the power of global tech talent with Andela. Hire experienced professionals quickly and cost-effectively. Build your team from our robust network of skilled specialists spanning 175 countries. Our AI-powered platform ensures a 96% talent match success rate. Get started now and hire with confidence.
  • Matta — Matta is a B2B platform offering a comprehensive, detailed marketplace for sourcing chemicals and materials efficiently and reliably
  • Cutstruct — Cutstruct is your one source for bulk construction materials purchase. Get the best prices for cement, steel, granite, sharp sand wood, and more.
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822 industries, 177 countries. Updated daily. Emails and phones included.

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Zrosk Investment Management
VC Fund · Lagos, Lagos, Nigeria · 2 investments in Nigeria Payments startups

Alternative investment solutions: private credit, discretionary portfolios, and the Magna Specialized Fund.

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Investment focus

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

Investor stats

  • Total investments: 29
  • Round size: Seed $1.4M–$5M; Pre-Seed $500k–$2.5M; Series A $7M–$33M
  • Lead/follow: 24% lead, 76% follow

Portfolio highlights

  • PaidHR — PaidHR works with organizations to streamline how they manage their staff. Our precisely created solutions enable them to create the ideal place to work.
  • Lingawa — Speak your native language with pride! Learn Yoruba and Igbo with fun, immersive online lessons for adults and kids (ages 5+).
  • Definely — Definely creates legal tech solutions to free lawyers from frustration, saving them time when understanding, drafting and reviewing legal documents.
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VilCap Investments
VC Fund · San Francisco, California, United States · 2 investments in Nigeria Payments startups

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

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Investment focus

  • Industry: Financial Services, Health Care, FinTech
  • Stage:Seed, Series A
  • Geography: United States, India, Kenya

Investor stats

  • Total investments: 90
  • Round size: Seed $50k–$2.5M; Series A $2M–$6M
  • Lead/follow: 6% lead, 94% follow

Portfolio highlights

  • SatSure — Premium domain available for purchase
  • Altro (fka Perch) — Perch Credit (also known as Perch), is a fin-tech mobile app that allows users to take common recurring expenses, such as their subscriptions & rent, and turn these into creditworthy data points. Perch is currrently live on iOS and plans to be on Android in the coming months.Perch recently graduated YC (S20) and closed 2.5M in their mostrecent round.
  • Advocatia Solutions — Advocatia simplifies how uninsured patients identify financial assistance programs and enroll into coverage.
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SBI Investment
VC Fund · Minato, Chiba, Japan · 2 investments in Nigeria Payments startups

SBI Investment supports the business development and growth of private venture companies through fund investment. It manages and manages venture capital funds under the management philosophy of becoming a leading company responsible for the creation and development of core industries in the 21st century as a "new industry creator".SBIInvestment has invested in a total of 986 companies in the past, of which 169 (17.1% of investment companies) have exited through IPO or M & A.

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Investment focus

  • Industry: Information Technology, Software, Financial Services
  • Stage:Series B, Series A
  • Geography: Japan, United States, South Korea

Investor stats

  • Total investments: 327
  • Round size: Series A $4.8M–$170M; Series B $5.9M–$283M
  • Lead/follow: 23% lead, 77% follow
  • Last fund: May invest from a new fund soon — raised $1.1B in 2020

Portfolio highlights

  • Recho — Recho’s voice AI solutions must offer some unique features. Recho has a mission to "create the future of communication" and provides the VoiceAI platform and its application, Voice Agent.
  • Pliant — Pliant makes the latest generation of corporate credit cards that adapt perfectly to business processes and needs.
  • Captain Fresh — Captain Fresh is a freshwater fish and seafood supply chain platform. Captain Fresh is a B2B marketplace leveraging technology to deliver the fastest harvest-to-retail in the industry. The company focuses on aggregating the fragmented retail demand across the country and linking them to the small fishermen and farmers throughout the Indian coast.The company was founded in 2019 and is based in Bengaluru, India.
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Visa
VC Fund · San Francisco, California, United States · 1 investments in Nigeria Payments startups, 12 in the past 12 months

Visa is an American multinational financial services company that facilitates electronic payment systems throughout the world. The company operates the retail electronic payments network through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.Visa also provideselectronic payment, risk management, and payment security solutions to online merchants; digital goods transaction services in online games, digital media, and social networks; and mobile financial services for mobile network operators and financial institutions in developing economies.Visa’s global payment brands include Visa, Visa Electron, PLUS, and Interlink. Together they provide payment options through credit, debit, prepaid, and commercial programs in 200 countries and territories. Visa's global network, VisaNet, delivers value-added processing services such as fraud and risk management, dispute resolution, rewards, and other business-enhancing applications.

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Investment focus

  • Industry: FinTech, Financial Services, Payments
  • Stage:Series B, Series C
  • Geography: United States, United Kingdom, Egypt

Investor stats

  • Total investments: 107
  • Lead/follow: no public data

Portfolio highlights

  • Enfuce — Enfuce is a cloud-based financial services provider that specializes in card issuing and payment processing services. It helps banks, fintech, and financial institutions become and remain fully PSD2 compliant, and helps them give third-party service providers access to digital accounts.The company was founded in 2016 and is headquartered inEspoo, Finland.
  • Agrotoken — Agrotoken is a grain-backed, transactional digital asset used to save or exchange for supplies, services, and other assets. Agrotokens allow to carry out commercial and financial transactions with the direct support of the grains. Agrotoken creates a safe ecosystem to make trading grains easier, more efficient, and more reliable.Agrotoken isfocused on tokenization of commodities, smart contracts, and digital economy solutions for Agribusiness.
  • Finerio — Finerio is the first automated and free personal finance app in Mexico.
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Polymath Capital
VC Fund · San Francisco, California, United States · 1 investments in Nigeria Payments startups

Polymath Capital is a venture capital firm that invests in pre-seed and seed stage companies with an emphasis on community, longevity, and financial democratization. As an operator-led firm, we partner with ambitious founders to build the next generation of market-changing companies.

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Investment focus

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

Investor stats

  • Total investments: 26
  • Lead/follow: no public data

Portfolio highlights

  • Ozone — Meet Ozone, your AI-powered video editor.
  • Ozone — Ozone develops an AI-powered video editing platform that allows users to collaborate remotely. It also enables editing high-definition footage, creating video mockups in seconds, color-correcting footage with a pinch of a color wheel, and seeing what the end result will look like before exporting it.
  • Integrated Biosciences — Integrated Biosciences is the first company in history to be able to virtually stress cells.
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Yellowwood
VC Fund · Johannesburg, NA - South Africa, South Africa · 1 investments in Nigeria Payments startups

We help build more purposeful businesses through marketing insights, marketing strategy and marketing planning

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Investment focus

  • Industry: Payments, Financial Services
  • Stage:Pre-Seed
  • Geography: Nigeria

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

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.
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Norrsken22
VC Fund · Cape Town, NA - South Africa, South Africa · 1 investments in Nigeria Payments startups

Norrsken22 is a tech growth fund, backed by an international network of tech founders, partnering with exceptional African entrepreneurs in scaling disruptive businesses.

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Investment focus

  • Industry: Financial Services, Banking, B2B
  • Stage:Series B, Series C, Pre-Seed
  • Geography: South Africa, Egypt, Nigeria

Investor stats

  • Total investments: 11
  • Lead/follow: no public data

Portfolio highlights

  • Waza — Waza is a web platform with APIs. It helps startups and emerging market businesses manage their cash flow issues, invoicing needs, and international payment requirements.
  • Workpay — Looking for the best payroll software in Kenya? Workpay provides the best payroll software and hr software for your business in Kenya, Nigeria and for Africa
  • Nala — A new kind of mobile money transfer for Africans worldwide! Make safe, affordable, and reliable international payments to Kenya, Tanzania, and Uganda.
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54 Collective
VC Fund · Johannesburg, NA - South Africa, South Africa · 1 investments in Nigeria Payments startups

Building and scaling African tech startups with catalytic capital, value-add support and our global network.

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Investment focus

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

Investor stats

  • Total investments: 106
  • Lead/follow: no public data

Portfolio highlights

  • Billboxx — Enabling businesses pay and get paid twice as fast
  • Yeah — Yeah is a financial technology company that offers payment processing services while building a credit profile for the banked and unbanked.
  • Konnect — Konnect provides a cross borders payment solution intended to simplify complex financial flows allowing companies of any scale and size to send and receive payments in a practical, secure, and low-cost way.
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White Hibiscus Capital
VC Fund · 1 investments in Nigeria Payments startups

Investment focus

  • Industry: Lending, Payments, Risk Management
  • Stage:Seed
  • Geography: Nigeria

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Sycamore — Sycamore provides risk assessment, commercial lending, alternative analysis, real-time monitoring, ​payment, and asset financing services.
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ACE & Company
VC Fund · Geneva, Geneve, Switzerland · 1 investments in Nigeria Payments startups

ACE offers three core investment strategies across the stages of private investment: Secondaries, Buyout, and Venture. Our portfolio construction guidelines ensure that our investors access the necessary customization to achieve their risk and return requirements.ACE aims to drive returns by managing risks and strategically adjusting investmentexposure to the stage of a company’s development. We strongly believe that diversification and sizing of investments according to the risk profile are the most effective approaches to investing private capital.ACE’s specialized investment teams provide the support to create long-term and sustainable investment results.

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Investment focus

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

Investor stats

  • Total investments: 184
  • Round size: Seed $1M–$6.4M; Series A $3.4M–$24M
  • Lead/follow: 4% lead, 96% follow
  • Last fund: Likely still investing — fund raised in 2024

Portfolio highlights

  • Roofr — The complete sales toolbox for roofers. From roof measurement reports to project-winning proposals.
  • Vennre — Build wealth through vetted private market opportunities from $5k. GCC-first, globally accessible. Regulated, Sharia-compliant, digital-first.
  • PatientPoint — Discover how PatientPoint delivers content that drives better health decisions and outcomes for healthcare providers, brands, and patients.
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Leadpath Nigeria
VC Fund · Lagos, Lagos, Nigeria · 1 investments in Nigeria Payments startups

The Ultimate Information Hub

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Investment focus

  • Industry: Banking, FinTech, Finance
  • Stage:Seed
  • Geography: Nigeria

Investor stats

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

Portfolio highlights

  • Piggyvest — Piggyvest is a very secure online savings platform that makes saving possible by combining discipline plus flexibility to make you grow your savings.
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Saturn Blockchain Ventures
VC Fund · 1 investments in Nigeria Payments startups

Saturn Blockchain Ventures is an investment firm.

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Investment focus

  • Industry: Blockchain, Cryptocurrency
  • Stage:Pre-Seed
  • Geography: Nigeria

Investor stats

  • Total investments: 1
  • Lead/follow: no public data

Portfolio highlights

  • Stakefair — Stakefair is an ecosystem of blockchain, crypto and DeFi products.
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MyAsia VC
VC Fund · 1 investments in Nigeria Payments startups

MyAsia VC

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Investment focus

  • Industry: Financial Services, FinTech, E-Commerce
  • Stage:Seed, Pre-Seed, Series A
  • Geography: India, United States, Kenya

Investor stats

  • Total investments: 24
  • Lead/follow: no public data

Portfolio highlights

  • Neem — Neem is an embedded finance platform enabling Financial Wellness for underbanked communities across emerging markets, starting in Pakistan.
  • Chari — Chari is an e-commerce and fintech app for traditional retailers in French-Speaking Africa allowing them to order any consumer goods they sell and get delivered for free in less than 24 hours. Chari is also a financial services provider for these retailers, offering them microloans
  • 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.
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Capital V
VC Fund · 1 investments in Nigeria Payments startups

Transforming the global system to one that is more sustainable – from the perspectives of environment, food scarcity, health and animal welfare – by investing in solutions that facilitate sustained behavioral change and eliminate the consumption of animal products. Investing in vegan ventures

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Investment focus

  • Industry: Food and Beverage, FinTech, Organic Food
  • Stage:Pre-Seed, Seed
  • Geography: Nigeria, United States, India

Investor stats

  • Total investments: 7
  • Lead/follow: no public data

Portfolio highlights

  • Vacka — Vacka is a food and beverage manufacturer that produces and sells organic, plant-based vegan cheese varieties.
  • NowNow — NowNow aims to democratise the mobile wallet space in Nigeria and Sub-Saharan Africa. We provide a bank and MNO agnostic online platform to recharge any mobile, pay bills, and utilities, send/receive money and pay@shop directly to merchants. The amount consumers pay is returned in the form of cashback and coupons making the recharge almostfree. We are PCI-DSS compliant and are licensed by the Central Bank of Nigeria.NowNow also offers a unique agent platform that enables additional revenue streams for individuals and businesses and provides financial services to the unbanked – allowing them to offer p2p, bank transfers, cash out, mobile recharge, pay bills etc.
  • Vevolution — Vevolution is an investment platform providing data and intelligence for the AgriFoodTech ecosystems. Dedicated to removing animals from our supply chain.
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All On
VC Fund · Ikoyi, Lagos, Nigeria · 1 investments in Nigeria Payments startups

All On: Energy Innovations. Powerful Collaboration. Our mission is to increase access to commercial energy products and services for under-served and un-served off-grid energy markets in Nigeria, with a special focus on the Niger Delta sources in Nigeria.

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Investment focus

  • Industry: Renewable Energy, Energy, Solar
  • Stage:Seed, Grant
  • Geography: Nigeria, France, Senegal

Investor stats

  • Total investments: 17
  • Lead/follow: no public data

Portfolio highlights

  • Ceesolar — Ceesolar is involved in designing, supplying, and installing solar power systems. They also provide mini-grid development, consulting services, energy audits, energy systems, and commercial and industrial solar. They offer on-site and remote maintenance for customer satisfaction, and to ensure long-term use of the system.
  • mopo — Mobile Power's innovative pay-per-use battery sharing network unlocks clean energy for households, businesses and electric transport in Sub-Saharan Africa.
  • Arnergy — ARNERGY's mission is to deliver energy solutions for productive use by deploying products, services and systems that power business operations and improve economic outcomes for our clients. Vision: Providing sustainable solutions to energy reliability issues across emerging markets.
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Partech
VC Fund · Paris, Ile-de-France, France · 1 investments in Nigeria Payments startups

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.

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Investment focus

  • Industry: Software, E-Commerce, SaaS
  • Stage:Series A, Seed, Series B
  • Geography: United States, France, Germany

Investor stats

  • Total investments: 503
  • Lead/follow: no public data

Portfolio highlights

  • Kredete — Kredete is a digital lending platform that provides free credit scores and reports to underserved individuals and small businesses in Africa to help them gain access to formal credit and improve their financial health. The platform connects borrowers with lenders and enterprises in Africa and is designed to simplify the lending process and makecredit more accessible by leveraging cutting-edge technology. Kredete offers a user-friendly platform that guides borrowers, lenders, and enterprises through the process of offering loans, making it simple for them to provide the right loan products for their needs.One of the key features of Kredete is its instant approval process, which is made possible by advanced algorithms and artificial intelligence. The platform offers flexible lending options by partnering with a variety of lenders and enterprises, enabling borrowers to choose the best option for their specific situation.Kredete is committed to protecting the privacy and security of all users' personal and financial information. It uses robust encryption and security measures to ensure that sensitive data remains safe and secure. Additionally, the platform maintains transparency throughout the loan process, providing lenders, enterprises, and borrowers with clear information about loan terms and associated fees.Kredete believes in empowering its users with the knowledge and resources they need to make informed financial decisions. To this end, the platform offers financial education, tools, and resources to help users better understand and manage their finances. Kredete also works closely with businesses and institutions to provide tailored financial solutions for their unique needs.Through its focus on accessibility, convenience, and transparency, Kredete is transforming the lending landscape in Africa and helping to bridge the financial inclusion gap. The platform remains dedicated to its mission of empowering lenders, enterprises, and borrowers across the continent to access the funds they need to achieve their financial goals.
  • auxmoney — Auxmoney is an online peer-to-peer loan marketplace created to offer a means of exchange between people. Its lending platform enables private consumers to borrow from private investors for personal loans, thereby providing borrowers a bank free borrowing system and a return on investment for lenders.
  • Digitail — Grow your practice, offer a modern client experience, and automate routine practice tasks with the proven all-in-one veterinary software.
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Verod-Kepple Africa Ventures
VC Fund · Lagos, Lagos, Nigeria · 1 investments in Nigeria Payments startups

We back exceptional founders in and from Africa who are addressing deep gaps between the status quo and the ideal.

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Investment focus

  • Industry: Retail, Internet, Payments
  • Stage:Seed
  • Geography: Nigeria, Egypt, South Africa

Investor stats

  • Total investments: 6
  • Lead/follow: no public data

Portfolio highlights

  • Workpay — Looking for the best payroll software in Kenya? Workpay provides the best payroll software and hr software for your business in Kenya, Nigeria and for Africa
  • Cloudline — Cloudline leverages lighter-than-air technology and the latest developments in unmanned aerial vehicles to deliver essential goods and services to the 1 billion people without direct access to roads and runways.
  • Zone — Zone is a regulated blockchain network that enables payments and acceptance of digital currencies.
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CrossFund
VC Fund · Singapore, Central Region, Singapore · 1 investments in Nigeria Payments startups

For Angels, By Angels

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Investment focus

  • Industry: FinTech, Payments, B2B
  • Stage:Seed, Angel, Pre-Seed
  • Geography: Nigeria, Vietnam, Australia

Investor stats

  • Total investments: 6
  • Lead/follow: no public data

Portfolio highlights

  • Hello Clever — Hello Clever is a global fintech platform revolutionising real-time payments with embedded loyalty, driving engagement and impactful connections for businesses and consumers alike.
  • Hello Clever — Hello Clever is a global fintech platform revolutionising real-time payments with embedded loyalty, driving engagement and impactful connections for businesses and consumers alike.
  • Sehat Kahani — Book online video appointments with the best Doctors and Specialists, such as Skin Specialists, General Physician, Child Specialists, etc in Pakistan.
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Century Oak Capital
VC Fund · Vaduz, Vaduz, Liechtenstein · 1 investments in Nigeria Payments startups

Century Oak Capital GmbH is a venture capital firm specializing in early-stage investments in Europe and Emerging Markets.

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Investment focus

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

Investor stats

  • Total investments: 26
  • Lead/follow: no public data

Portfolio highlights

  • Luna POS — Luna POS provides cloud-based cashier, inventory management, and accounting solutions for SMEs in Indonesia. The company offers a seamless mobile cloud-based Point of Sale (POS) and accounting system, helping the retail industry with managing business activities such as checking the stock of goods, making a bundle menu, calculating sales, and tosee financial statements of the business.
  • Unbox — Unbox is the branded commerce operating system for SMEs helping them to sell online and increase their sales. We provide a ready to sell platform that allows entrepreneurs to digitize their business in less than 5 minutes - fully integrated with social commerce channels and our payment and shipping solutions, helping SMEs to save costs andcentralizing sales into a single platform.
  • SnappRetail — SnappRetail aims to create the largest virtual retail franchise across Pakistan, through deployment of its POS hardware/software, focusing on:1. Traditional trade Analytics for brands and retailers 2. Order Aggregation for manufacturers and distributors 3. Payment Solution for customers 4. Fintech enablement for small merchantsTheSnappRetail POS application has been carefully curated keeping the retailer in mind, the application focuses on digitizing his shop operations and cash flow and creating a real-time tertiary sales data lake.
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Yunshi Capital
VC Fund · Chengdu, Sichuan, China · 1 investments in Nigeria Payments startups

Yunshi Capital is a private equity investment fund management organization.

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Investment focus

  • Industry: Software, Art, Health Care
  • Stage:Series A, Seed, Series B
  • Geography: China, Nigeria

Investor stats

  • Total investments: 11
  • Lead/follow: no public data

Portfolio highlights

  • MetaLenX — MetaLenX is a technology-based enterprise focusing on the design, manufacture and application of superlenses.
  • Pinzhou Technology — Pinzhou Technology focuses on the manufacturing of ultra-high purity stainless steel pipe fittings and research and development.
  • 01 Life Science and Technology — Shenzhen is a high-tech firm dedicated to the application of human micro-ecological technology to develop solutions for a healthy life. It also offers solutions for clinical research and diagnosis and treatment of diseases. It was stablished in 2016 and is based in Shenzhen, Guangdong, China.
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Payments VC funding in Nigeria at a glance

Stats across 96 deals from 155 investors.

155
investors
in Nigeria Payments startups
96
deals
in Nigeria Payments startups
$1.4M
median round
in Nigeria Payments startups
35%
lead investors
lead at least one round
30%
Pre-Seed
most common funding stage

Access all 155 VC funds in Nigeria Payments startups.

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