# VFD Group

> VFD Group is a VC fund in Lagos backing FinTech and Financial Services. See 7 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Lagos, Nigeria
- Total investments: 7
- Last investment: Oct 2023
- Lead investor: 14%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/vfdgroup/
- X (Twitter): https://twitter.com/vfdgroup
- Website: https://vfdgroup.com/
- Facebook: https://www.facebook.com/VFDGroup/

VFD Group is an investment organization that provides products and solutions that are accessible to everyday citizens and entrepreneurs.

## Contacts

5 contacts available for VFD Group. Shizune tracks 3 team members at VFD Group. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/vfd-group?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Pre-Seed | $465k–$625k |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| FinTech | 4 | 57% |
| Financial Services | 4 | 57% |
| Banking | 2 | 29% |
| Finance | 2 | 29% |
| Lending | 1 | 14% |

16 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Pre-Seed | 4 | 57% |
| Seed | 1 | 14% |
| Funding Round | 1 | 14% |
| Venture - Series Unknown | 1 | 14% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Nigeria | 6 | 86% |
| United Kingdom | 1 | 14% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Nonso Okpala | Group Managing Director and CEO | 0 | https://shizune.co/investors/profile/nonso-okpala |
| Niyi Adenubi | Co-Founder and Executive Director | 0 | https://shizune.co/investors/profile/niyi-adenubi |
| Olatunde Busari | Chairman | 1 | https://shizune.co/investors/profile/olatunde-busari |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| VerifyMe Nigeria | VerifyMe provide real-time ID reports and ID verifications so you can have instant fraud prevention in your personal or professional life. |  |  | Oct 06, 2023 |  |
| Fluna | Fluna is a B2B managed marketplace that connects high-growth exporters to key global buyers. |  | Pre-Seed | Apr 27, 2022 |  |
| Shekel Mobility | Shekel provides financing and management system software for auto dealerships. | $550K | Pre-Seed | Mar 31, 2022 |  |
| Spleet | Fintech Spleet Provides Tenant verification, Rent collection solutions for landlords and rent financing (Rent now, pay later) for Tenants | $625K | Pre-Seed | Mar 15, 2022 |  |
| 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 |  |
| Piggyvest | Piggyvest enables Nigerian debit card holders save little amounts of money frequently with minimal effort. They automate the process of saving tiny amounts daily, weekly, or monthly; and then allowing you to withdraw for free on only set withdrawal dates thereby practically making saving more possible for you by eliminating the temptation towithdraw.Piggyvest is a platform that helps individuals and businesses manage their finances effectively - save and invest with ease.As Piggybank.ng, Piggyvest operated in partnership with 2 Microfinance banks and used their licenses. However, in early 2018, Piggyvest acquired Gold Microfinance bank and its license. Piggyvest is also a registered cooperative- Piggytech Cooperative Multipurpose Society Limited (Registration number, 16555). All saved funds are now warehoused with and managed by AIICO Capital, the leading asset management company in Nigeria, registered and licensed by the Securities and Exchange Commission (SEC). |  | Seed | Jan 01, 2021 |  |
| ErrandPay | ErrandPay is common knowledge that ErrandPay is every traveler's best friend and a dedicated companion for intra-African traders. With ErrandPay, you now have an easier way of accessing local currencies in any African country, from the comfort of your location. Paying for local bills or services has never been easier. This amazing experiencebegins by funding your ErrandPay balance with any currency in the world to get started. |  | Venture - Series Unknown | Jan 01, 2021 |  |

7 of 7 investments shown.

## Co-investors
- [Ventures Platform](https://shizune.co/investors/profile/ventures-platform) — VC Fund, 3 deals together
- [UAC of Nigeria](https://shizune.co/investors/profile/uac-of-nigeria) — VC Fund, 2 deals together
- [Fedha Capital](https://shizune.co/investors/profile/fedha-capital) — VC Fund, 1 deal together
- [First Impact](https://shizune.co/investors/profile/first-impact) — VC Fund, 1 deal together
- [Future Africa](https://shizune.co/investors/profile/future-africa) — VC Fund, 1 deal together
- [HoaQ](https://shizune.co/investors/profile/hoaq) — VC Fund, 1 deal together

## Similar investors

### Similar industry
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### Similar stage
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### Similar country
- [Ventures Platform](https://shizune.co/investors/profile/ventures-platform) — VC Fund
- [Microtraction](https://shizune.co/investors/profile/microtraction) — VC Fund
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## Featured in investor lists
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## FAQ

### What does VFD Group invest in?

VFD Group invests primarily in FinTech, Financial Services and Banking startups, most often at Pre-Seed and Seed stage. Most of the 7 investments tracked by Shizune back companies in Nigeria. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is VFD Group's check size?

VFD Group typically joins rounds of $465k–$625k 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 VFD Group participates in.

### How do I contact VFD Group?

Public channels for VFD Group include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at VFD Group?

The team at VFD Group includes Nonso Okpala (Group Managing Director and CEO), Niyi Adenubi (Co-Founder and Executive Director) and Olatunde Busari (Chairman). The Team section lists each member with their title, investment count and links.

### 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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