# Tokunboh Ishmael

> Tokunboh Ishmael is a seed investor at Alitheia Capital backing FinTech and Financial Services. See 8 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [Alitheia Capital](https://shizune.co/investors/profile/alitheia-capital)
- Location: Lagos, Nigeria
- Total investments: 8
- Last investment: May 2024
- Lead investor: 63%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/tokunbohishmael
- X (Twitter): http://twitter.com/tolushola
- Website: http://www.thealitheia.com

Tokunboh Ishmael is a seed investor at Alitheia Capital in Lagos focused on FinTech and Financial Services. Tokunboh Ishmael - MD, CEO and Co-Founder @ Alitheia Capital

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 3 | 38% |
| Financial Services | 3 | 38% |
| Finance | 2 | 25% |
| Logistics | 2 | 25% |
| AgTech | 1 | 13% |

18 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 3 | 38% |
| Series A | 2 | 25% |
| Pre-Seed | 1 | 13% |
| Series B | 1 | 13% |
| Venture - Series Unknown | 1 | 13% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Nigeria | 4 | 50% |
| Ghana | 2 | 25% |
| United Kingdom | 2 | 25% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Seamfix | Seamfix’s end-to-end electronic ID and credentials software solutions address the lack of digital ID systems for 30+ African countries and over 250M individuals, providing access to credit, banking, and other essential services for large parts of populations. | $4.5M | Venture - Series Unknown | May 07, 2024 |  |
| Complete Farmer | Complete Farmer is an end-to-end digital agriculture platform that provides industries with an easy way to cheaply source for quality farm produce and individuals anywhere in the world with a convenient way to own a farm by eliminating middlemen and farm produce aggregators. | $7M | Seed | Sep 20, 2023 |  |
| Haul247 | Haul247 is an end-to-end logistics technology platform with the aim to simplify Nigeria and Africa’s freight industry by leveraging technology to drive efficiency, transparency, safety and storage of goods. Our Web and Mobile app cloud-based online logistics platform offers a modern and simplified way of trucking, warehousing, reverse haulage andtracking at fingertips. It is powered by an artificial intelligence algorithm to increase efficiency to our customers by helping them make decisions that save them time and cost. Our high-quality service is additionally supported by a dedicated and experienced team which oversees and tracks every stage of your delivery/storage. | $3M | Seed | Jun 08, 2023 |  |
| Jetstream Africa | Jetstream is a supply chain platform that powers freight forwarding and global exports for African suppliers. With tracking and consolidated (LCL) shipping Jetstream levels the playing field for access to international trade for African SMEs with the click of a button. | $13M | Seed | Jan 10, 2023 |  |
| Wealth8 | Wealth8 is a technology-driven platform designed to connect people with wealth and investors. The company offers services including general investment accounts, stocks, and share ISAs. | $465.3K | Pre-Seed | Nov 30, 2021 |  |
| ReelFruit | ReelFruit’s had its humble beginnings in a small apartment in Surulere, Lagos. In 2012, their founder birthed the idea of a new snack company; A first-of-its-kind that would offer dried fruit snacks, made in Nigeria but sold to the world. With this dream in mind, we launched their first range of dried mango and pineapple in March 2013, their firstlucky break came from Prince Ebeano Supermarket, Lekki, who stocked their products – and the rest is history. | $3M | Series A | Sep 22, 2021 |  |
| Lidya | Lidya is a financial services platform to improve access to credit and finance across frontier and emerging markets starting with Nigeria. We use mobile-first technology with a strong customer experience and proprietary credit scoring algorithms to help small & medium businesses open an account online in 15 minutes, manage funds, and accesscredit needed to grow their businesses and plan their futures. In addition, we have created dashboards and tools to help businesses manage their receivables and cashflow to build credit scores that unlock higher credit limits and affordable rates. Welcome to Lidya. Welcome to the future. | $8.3M | Series B | Jul 07, 2021 |  |
| Paga | Paga is a mobile payment company. We are building an ecosystem to enable people to digitally send and receive money, and creating simple financial access for everyone. Our mission is to make it simple for one billion people to access and use money. Our first market is Nigeria where Paga is the leading mobile payment company. | $9M | Series A | Jun 21, 2012 |  |

8 of 8 investments shown.

## Co-investors
- [Goodwell Investments](https://shizune.co/investors/profile/goodwell-investments) — VC Fund, 2 deals together
- [Proparco](https://shizune.co/investors/profile/proparco) — VC Fund, 2 deals together
- [Acumen](https://shizune.co/investors/profile/acumen-fund) — VC Fund, 1 deal together
- [Acumen Resilient Agriculture Fund](https://shizune.co/investors/profile/acumen-resilient-agriculture-fund) — VC Fund, 1 deal together
- [Adlevo Capital](https://shizune.co/investors/profile/adlevo-capital) — VC Fund, 1 deal together
- [Archangel Fund](https://shizune.co/investors/profile/archangel-fund) — VC Fund, 1 deal together

## About Alitheia Capital

VC Fund · Lagos, Nigeria

Impact investor providing both social and financial returns

3 contacts available at Alitheia Capital.

| Name | Title | Profile |
| --- | --- | --- |
| Tokunboh Ishmael | MD, CEO and Co-Founder | https://shizune.co/investors/profile/tokunboh-ishmael |
| Jumoke Akinwunmi | Co-Founder, Partner / Managing Director | https://shizune.co/investors/profile/jumoke-akinwunmi |
| Oluwakemi Olajide | Senior Investment Associate | https://shizune.co/investors/profile/oluwakemi-olajide |

## 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 Tokunboh Ishmael invest in?

Tokunboh Ishmael invests primarily in FinTech, Financial Services and Finance startups, most often at Seed and Series A stage. Most of the 8 investments tracked by Shizune back companies in Nigeria. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Tokunboh Ishmael last invest?

The most recent investment recorded for Tokunboh Ishmael closed in May 2024. Shizune tracks 8 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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