# Dare Okoudjou

> Dare Okoudjou is a seed investor at MFS Africa (Johannesburg) backing FinTech and Insurance. See 7 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [MFS Africa](https://shizune.co/investors/profile/mfs-africa)
- Location: Johannesburg, South Africa
- Total investments: 7
- Last investment: Mar 2023
- Lead investor: 43%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/dokoudjou/

Dare Okoudjou is a seed investor at MFS Africa in Johannesburg focused on FinTech and Insurance. Dare Okoudjou is the Founder and CEO of MFS Africa, a leading Pan-African Fintech company, operating the largest digital payments hub on the continent. The MFS Hub is connected to 170 million mobile wallets in Sub-Saharan Africa offering unparalleled reach into the growing African middle class. The company allows merchants, banks, mobile operatorsand money transfer companies to take advantage of the unique ubiquity of mobile wallets as a safe, convenient, and cost-effective transaction channel. MFS Africa works in close partnership with players across the ecosystem to bring simple and secure mobile financial services to un- and under-banked customers. MFS Africa was recently named by the international business magazine Fast Company as one of Africa’s Top 10 Most Innovative Companies. Prior to founding MFS, Dare worked at MTN Group, where he developed its mobile payment strategy and led its implementation across the company’s operations in 21 countries throughout Africa and the Middle East. He began his career as a management consultant with PricewaterhouseCoopers in Paris. He has an MSc in Telecom Engineering from ENST-Paris and an MBA from INSEAD.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 2 | 29% |
| Insurance | 2 | 29% |
| Credit | 1 | 14% |
| Mobile | 1 | 14% |
| Finance | 1 | 14% |

13 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 3 | 43% |
| Series A | 1 | 14% |
| Funding Round | 1 | 14% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Canada | 1 | 14% |
| Germany | 1 | 14% |
| Nigeria | 1 | 14% |
| South Africa | 1 | 14% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Payday | Payday is a fintech that offers global payment solutions such as Virtual Mastercards and foreign employee payments. | $3M | Seed | Mar 29, 2023 |  |
| Pivo | Pivo is a financial hub that allows small & medium businesses across Africa access to all the financial services they need in one place. | $2M | Seed | Nov 21, 2022 |  |
| maviance | Maviance is a German-based consulting (business and IT) and software development company that develops industry-specific for web and mobile applications for businesses and governments. It creates sustainable and customized solutions to meet the requirements of customers by combining its industry experience with solution-oriented skills of businessre-design, concept, project management, programming, and testing.Our commitment to excellence and sustainability is evident in suite of innovative and scalable smart mobile enterprise applications in industries like Microfinance, Metering, Insurance and Sales Automation. Each of our applications consists of a web-based back office server, mobile clients and APIs for SMS, mobile billing, mobile payment and integration into existing systems. Maviance serves clients in the financial services, telecommunications and public sectors, increasing productivity, reducing costs and improving their management capabilities. Founded in 2008, maviance GmbH is headquartered in Leipzig, Germany. | $3M | Seed | May 11, 2021 |  |
| maviance | Maviance is a German-based consulting (business and IT) and software development company that develops industry-specific for web and mobile applications for businesses and governments. It creates sustainable and customized solutions to meet the requirements of customers by combining its industry experience with solution-oriented skills of businessre-design, concept, project management, programming, and testing.Our commitment to excellence and sustainability is evident in suite of innovative and scalable smart mobile enterprise applications in industries like Microfinance, Metering, Insurance and Sales Automation. Each of our applications consists of a web-based back office server, mobile clients and APIs for SMS, mobile billing, mobile payment and integration into existing systems. Maviance serves clients in the financial services, telecommunications and public sectors, increasing productivity, reducing costs and improving their management capabilities. Founded in 2008, maviance GmbH is headquartered in Leipzig, Germany. | $3M | Seed | May 11, 2021 |  |
| maviance | Maviance is a German-based consulting (business and IT) and software development company that develops industry-specific for web and mobile applications for businesses and governments. It creates sustainable and customized solutions to meet the requirements of customers by combining its industry experience with solution-oriented skills of businessre-design, concept, project management, programming, and testing.Our commitment to excellence and sustainability is evident in suite of innovative and scalable smart mobile enterprise applications in industries like Microfinance, Metering, Insurance and Sales Automation. Each of our applications consists of a web-based back office server, mobile clients and APIs for SMS, mobile billing, mobile payment and integration into existing systems. Maviance serves clients in the financial services, telecommunications and public sectors, increasing productivity, reducing costs and improving their management capabilities. Founded in 2008, maviance GmbH is headquartered in Leipzig, Germany. |  |  | May 11, 2021 |  |
| Inclusivity Solutions | Inclusivity Solutions are experts in creating inclusive digital insurance markets. We apply global experience and best practice to help mobile operators, insurers and other partners deliver sustainable insurance solutions for emerging consumers. We specialise in expanding markets to include unserved and underserved consumers to help protect themfrom shocks that can have devastating long-term financial consequences. It is estimated that up to 98% of people in emerging markets are unprotected from risks such as accidents, illness, death, natural disasters, and crop destruction. However, traditional insurance products, distribution models, and administration processes are ill-suited and uneconomical for serving these emerging consumers. Inclusivity Solutions delivers insurance solutions that meet the needs of emerging consumers and leverage the ubiquity of digital channels, such as mobile phones, to reach the greatest number of people. We provide the strategy, product and process design, implementation support, and platforms to not only introduce and grow digital insurance solutions, but also to build sustainable inclusive insurance markets. Inclusivity Solutions is backed by Reinsurance Group of America, Incorporated (NYSE: RGA); a leader in the global life reinsurance industry. RGA serves clients from operations in 26 countries around the world, delivering expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, financial solutions, facultative underwriting and product development. | $1.3M | Series A | May 28, 2020 |  |
| Inclusivity Solutions | Inclusivity Solutions are experts in creating inclusive digital insurance markets. We apply global experience and best practice to help mobile operators, insurers and other partners deliver sustainable insurance solutions for emerging consumers. We specialise in expanding markets to include unserved and underserved consumers to help protect themfrom shocks that can have devastating long-term financial consequences. It is estimated that up to 98% of people in emerging markets are unprotected from risks such as accidents, illness, death, natural disasters, and crop destruction. However, traditional insurance products, distribution models, and administration processes are ill-suited and uneconomical for serving these emerging consumers. Inclusivity Solutions delivers insurance solutions that meet the needs of emerging consumers and leverage the ubiquity of digital channels, such as mobile phones, to reach the greatest number of people. We provide the strategy, product and process design, implementation support, and platforms to not only introduce and grow digital insurance solutions, but also to build sustainable inclusive insurance markets. Inclusivity Solutions is backed by Reinsurance Group of America, Incorporated (NYSE: RGA); a leader in the global life reinsurance industry. RGA serves clients from operations in 26 countries around the world, delivering expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, financial solutions, facultative underwriting and product development. | $1.3M | Series A | May 28, 2020 |  |

7 of 7 investments shown.

## Co-investors
- [Africa Venture Labs](https://shizune.co/investors/profile/africa-venture-labs) — VC Fund, 2 deals together
- [Allan Gray](https://shizune.co/investors/profile/allan-gray-6e30) — VC Fund, 2 deals together
- [Goodwell Investments](https://shizune.co/investors/profile/goodwell-investments) — VC Fund, 2 deals together
- [MFS Africa](https://shizune.co/investors/profile/mfs-africa) — VC Fund, 2 deals together
- [onafriq](https://shizune.co/investors/profile/onafriq) — VC Fund, 2 deals together
- [UW Ventures](https://shizune.co/investors/profile/umkhathi-wethu-ventures) — VC Fund, 2 deals together

## About MFS Africa

VC Fund · Johannesburg, South Africa

MFS Africa is the largest mobile money inter-operability hub in Africa, which connects mobile network operators across the continent through a single API. In addition to mobile remittance services, the MFS Africa API enables merchant payment, bulk payment, bank-to-wallet transfers, and an array of other cross border digital payments services.

3 contacts available at MFS Africa.

| Name | Title | Profile |
| --- | --- | --- |
| Dare Okoudjou | Founder & CEO | https://shizune.co/investors/profile/dare-okoudjou |
| Luke Kyohere | Chief Product Officer | https://shizune.co/investors/profile/luke-kyohere |
| Rachel Balsham | Managing Director, Emerging Enterprise | https://shizune.co/investors/profile/rachel-balsham |

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## FAQ

### What does Dare Okoudjou invest in?

Dare Okoudjou invests primarily in FinTech, Insurance and Credit startups, most often at Seed and Series A stage. Most of the 7 investments tracked by Shizune back companies in Canada. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Dare Okoudjou last invest?

The most recent investment recorded for Dare Okoudjou closed in Mar 2023. Shizune tracks 7 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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