# Selma Ribica

> Selma Ribica is a pre-seed investor at Valify Solutions backing Payments and Apps. See 5 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Valify Solutions](https://shizune.co/investors/profile/valify-solutions)
- Total investments: 5
- Last investment: Oct 2024
- Lead investor: 40%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/selmaribica

Selma Ribica is a pre-seed investor at Valify Solutions focused on Payments and Apps. Selma Ribica is the Co-Founder & Managing Partner of First Circle Capital. She previously worked at Abler Nordic as a Board Member. Selma Ribica attended the University of New York in Prague.

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $120k–$735k |
| Pre-Seed | $550k–$780k |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Payments | 2 | 40% |
| Apps | 1 | 20% |
| Retail | 1 | 20% |
| FinTech | 1 | 20% |
| Grocery | 1 | 20% |

15 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Pre-Seed | 3 | 60% |
| Seed | 2 | 40% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Kenya | 1 | 20% |
| Morocco | 1 | 20% |
| Nigeria | 1 | 20% |
| South Africa | 1 | 20% |
| United States | 1 | 20% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Scale | Scale accelerates market entry and revenue for fintechs with a people-first approach. | $700K | Pre-Seed | Oct 03, 2024 |  |
| Orca Fraud | Africa's first fraud orchestration platform | $550K | Pre-Seed | May 24, 2024 |  |
| WafR | WafR is a reward-based loyalty startup that allows users to earn phone recharges while shopping at retail shops. | $120K | Seed | Nov 08, 2022 |  |
| Klump | Klump offers flexible payment plans that give users the opportunity to purchase a desired product or service. | $780K | Pre-Seed | Mar 09, 2022 |  |
| Ilara Health | Ilara Health brings accurate and affordable diagnostics to rural Africans through miniature, AI-powered diagnostic devices that are integrated via a proprietary technology platform and distributed directly to primary care doctors. | $735K | Seed | Aug 07, 2019 |  |

5 of 5 investments shown.

## Co-investors
- [Everywhere Ventures](https://shizune.co/investors/profile/everywhere-ventures) — VC Fund, 3 deals together
- [Musha Ventures](https://shizune.co/investors/profile/musha-ventures) — VC Fund, 2 deals together
- [54 Collective](https://shizune.co/investors/profile/54-collective) — VC Fund, 1 deal together
- [Chandaria Capital](https://shizune.co/investors/profile/chandaria-capital) — VC Fund, 1 deal together
- [First circle capital](https://shizune.co/investors/profile/first-circle-capital) — VC Fund, 1 deal together
- [First Circle Capital](https://shizune.co/investors/profile/first-circle-capital-1cb0) — VC Fund, 1 deal together

## About Valify Solutions

VC Fund · Cairo, Egypt

Valify is a digital identity infrastructure technology that provides identity solutions to financial institutions, and e-commerce platforms.Valify is a computer software company that offers service providers tools that enable them to digitally identify their customers, verify official documents remotely, and extract information from valid datasources without compromising integrity and security. The software mitigates the risks associated with online product or service provision creating a more secure online environment for all parties. Its vision is to accelerate financial inclusion and economic growth by enabling digital identity creation and ownership and furthering organizational control and security. It is driven by the mission of providing service providers with smart, configurable, and accessible solutions to verify user identities for a seamless registration experience.Founded by Omar Abdelwahed and Ibrahim Eid in 2019, Valify Solutions is headquartered in Cairo, Egypt.

3 contacts available at Valify Solutions.

| Name | Title | Profile |
| --- | --- | --- |
| Ibrahim Eid | Co-Founder & COO | https://shizune.co/investors/profile/ibrahim-eid-0224 |
| Omar Abdelwahed | Co-Founder & CEO | https://shizune.co/investors/profile/omar-abdelwahed |
| Selma Ribica | Investor | https://shizune.co/investors/profile/selma-ribica |

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## FAQ

### What does Selma Ribica invest in?

Selma Ribica invests primarily in Payments, Apps and Retail startups, most often at Pre-Seed and Seed stage. Most of the 5 investments tracked by Shizune back companies in Kenya. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Selma Ribica's check size?

Selma Ribica typically joins rounds of $120k–$735k at Seed and $550k–$780k at Pre-Seed. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Selma Ribica participates in.

### When did Selma Ribica last invest?

The most recent investment recorded for Selma Ribica closed in Oct 2024. Shizune tracks 5 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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