# Itanna

> Itanna is a VC fund backing FinTech, Information Technology and Banking. See 2 investments, check sizes, portfolio. Updated Aug 2026.

- Type: VC Fund
- Total investments: 2
- Last investment: Apr 2021
- Lead investor: 50%
- Last updated: Aug 2026
- Website: https://www.itanna.co/

Itanna is a 4 month accelerator programme operating out of our Enterprise Factory in Lagos

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 2 | 100% |
| Information Technology | 2 | 100% |
| Banking | 1 | 50% |
| Payments | 1 | 50% |
| Software | 1 | 50% |

6 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 1 | 50% |
| Series A | 1 | 50% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Appzone Group | With a team of over 170 professionals and clients in seven countries, Appzone is Africa’s leading FinTech disruptor and provider of home-grown software solutions for the continent’s Financial Services industry. Founded in 2008, we process over $2 billion in transactions annually serving 18 commercial banks and over 450 microfinance institutionsacross the continent. Our platforms issue 1.5 million cards and disburse over $300 million in loans monthly, while also managing $200 million in deposits, 10 million accounts and 100,000 transactions daily. We are audacious builders with a mission to completely automate financial services in Africa. Our offerings automate Banking operations, interconnect financial institutions, and provide end-users with access to a broad range of banking and payment services. We are working with the most talented individuals on the continent to create the de facto operating system for digital financial services in Africa. AppZone started off primarily developing custom software for leading commercial Banks in Nigeria. More than a decade later, we have accumulated a remarkable asset-base of intellectual property and built out significant Fintech infrastructure. We are licensed by the Central Bank of Nigeria as a Payment Solution Service Provider (PSSP) and have built the first and only EMV compliant card management system in sub-Saharan Africa, while also launching the continent’s first self-service platform for instant debit card issuance. Appzone’s other feats include building and launching a number of global firsts from Africa such as: Cloud-based core banking and digital channel software Global mandate platform for direct debit Decentralised Interbank transaction processing on blockchain We are regarded as Africa’s number 1 FinTech infrastructure provider and have won several awards including: PCI DSS, CEBIH Award, MWOT Innovators Award, Frost and Sullivan Award and the NAMB Award. | $10M | Series A | Apr 12, 2021 |  |
| Indicina | Indicina is a digital lending platform that provides analytics-driven credit decisions for lenders. Indicina offers technology solutions to empower businesses to offer credit to customers faster, more securely, and at scale. Indicina is not a lender and does not offer loans to customers. It was founded in 2018 and is based in Lagos, Nigeria. | $500K | Seed | Sep 29, 2020 |  |

2 of 2 investments shown.

## Co-investors
- [Acuity Ventures](https://shizune.co/investors/profile/acuity-ventures) — VC Fund, 1 deal together
- [CardinalStone Capital Advisers](https://shizune.co/investors/profile/cardinalstone-capital-advisers) — VC Fund, 1 deal together
- [Constant Capital](https://shizune.co/investors/profile/constant-capital-partners) — VC Fund, 1 deal together
- [Future Africa](https://shizune.co/investors/profile/future-africa) — VC Fund, 1 deal together
- [Kepple Africa Ventures](https://shizune.co/investors/profile/kepple-africa-ventures) — VC Fund, 1 deal together
- [Lateral Frontiers](https://shizune.co/investors/profile/lateral-capital) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Antler](https://shizune.co/investors/profile/antler-be9c) — VC Fund
- [Alumni Ventures](https://shizune.co/investors/profile/alumni-ventures-group) — VC Fund
- [Right Side Capital Management](https://shizune.co/investors/profile/right-side-capital-management) — VC Fund

## FAQ

### What does Itanna invest in?

Itanna invests primarily in FinTech, Information Technology and Banking startups, most often at Seed and Series A stage. Most of the 2 investments tracked by Shizune back companies in Nigeria. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Itanna last invest?

The most recent investment recorded for Itanna closed in Apr 2021. Shizune tracks 2 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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