# Wema Bank

> Wema Bank is a VC fund in Lagos backing Apps and Artificial Intelligence. See 25 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Lagos, Nigeria
- Total investments: 25
- Last investment: Mar 2026
- Lead investor: 96%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/wemabankplc
- X (Twitter): https://twitter.com/wemabank
- Website: https://www.wemabank.com
- Facebook: https://www.facebook.com/wemabankplc

Wema Bank is a VC fund in Lagos focused on Apps and Artificial Intelligence. Wemabank is one of the resilient banks and the founder of Africa's first totally digital bank, ALAT. To the ever-growing client base, they provide a variety of retail and SME banking, corporate banking, treasury, trade, and financial advisory services. In delivering value to all of its stakeholders, they have remained inventive. They have ahistory of trust and tenacity that has earned us devoted consumers and are continually creating products and services that are customised to their needs at all stages of life.

## Contacts

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

## Round sizes

| Stage | Round size |
| --- | --- |
| Grant | $3.4k–$17k |
| Debt Financing | $10M–$10M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Apps | 3 | 12% |
| Artificial Intelligence | 3 | 12% |
| Software | 2 | 8% |
| Wellness | 2 | 8% |
| Health Care | 2 | 8% |

35 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Grant | 11 | 44% |
| Non-equity Assistance | 10 | 40% |
| Debt Financing | 2 | 8% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Nigeria | 8 | 32% |
| United States | 2 | 8% |
| United Kingdom | 2 | 8% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Moruf Oseni | CEO | 0 | https://shizune.co/investors/profile/moruf-oseni |
| Tunde Mabawonku | Executive Director | 0 | https://shizune.co/investors/profile/tunde-mabawonku |
| Wole Akinleye | Deputy Managing Director | 0 | https://shizune.co/investors/profile/wole-akinleye |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Kieva | Kieva guides clients through designing, implementing, and optimizing systems to enhance efficiency and user experience. It is a consultancy firm focused on people systems and HR technology. |  | Non-equity Assistance | Mar 12, 2026 |  |
| Cyclex | Cyclex specializes in non-hazardous waste recycling, transforming trash into commercial value through environmentally friendly solutions. |  | Non-equity Assistance | Mar 12, 2026 |  |
| Ploy | Ploy is a WhatsApp-first AI automation platform that enables merchants primarily in Nigeria to send invoices, track payments, manage inventory, and generate receipts directly within WhatsApp chats. It simplifies business operations by understanding chat context to create accurate financial documents without leaving the app. |  | Non-equity Assistance | Mar 12, 2026 |  |
| Loocomo | Loocomo is a logistics company. |  | Non-equity Assistance | Mar 12, 2026 |  |
| Chao | The Shopalz Chao App is an online campus food delivery service built by Shopalz to foster convenience for university students and staff through food delivery. The Chao app is currently in Babcock University and already in line to be launched at Federal University of Technology, Akure (FUTA) and University of Port Harcourt (Uniport) |  | Non-equity Assistance | Mar 12, 2026 |  |
| MamaAlert | About MamaAlert: MamaAlert is a health-tech startup bridging the gap in maternal healthcare for women in low-resource settings. We provide critical tools for symptom monitoring, emergency escalation, and postpartum mental health support.Designed with an offline-first approach, our platform ensures accessibility in low-connectivity environmentsthrough multilingual SMS integration (English, Pidgin, and Yoruba). Currently being piloted in primary healthcare centers in Nigeria, we are leveraging community-led health pathways to improve maternal outcomes and bridge informational gaps for mothers.Mission: To ensure every woman, regardless of connectivity or location, has access to the maternal health information and emergency support she needs. |  | Non-equity Assistance | Mar 12, 2026 |  |
| VarsityScape | VarsityScape uses AI to power the entire academy lifecycle, assisting institutions and educators in closing the worldwide education gap. |  | Non-equity Assistance | Mar 12, 2026 |  |
| Sane AI | Sane AI is a compnay that works in the sector of AI. |  | Non-equity Assistance | Mar 12, 2026 |  |
| StocMed | StocMed is an AI-powered medication search platform for drug procurement. |  | Non-equity Assistance | Mar 12, 2026 |  |
| FARMSLATE | FARMSLATE is an AI-driven solution for smallholder farmers. |  | Non-equity Assistance | Mar 12, 2026 |  |

10 of 25 investments shown.

## Co-investors
- [TLG Capital](https://shizune.co/investors/profile/tlg-capital) — VC Fund, 2 deals together

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## FAQ

### What does Wema Bank invest in?

Wema Bank invests primarily in Apps, Artificial Intelligence and Software startups, most often at Grant and Non-equity Assistance stage. Most of the 25 investments tracked by Shizune back companies in Nigeria. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is Wema Bank's check size?

Wema Bank typically joins rounds of $3.4k–$17k at Grant and $10M–$10M at Debt Financing. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds Wema Bank participates in.

### How do I contact Wema Bank?

Public channels for Wema Bank 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 Wema Bank?

The team at Wema Bank includes Moruf Oseni (CEO), Tunde Mabawonku (Executive Director) and Wole Akinleye (Deputy Managing Director). 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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