Seed

Pre-Seed

Unknown Series Round

Casablanca

Selma Ribica

Agnes Aistleitner Kisuule

Uncover First Circle Capital's funding activity and portfolio companies. Find tailored investor profiles on Lucidity Insights.

First Circle Capital

First Circle Capital supports founders building transformational companies. We’re entrepreneurs, company builders, and proven operators with deep expertise in FinTech. We’re more than investors to founders on their entrepreneurial journey, we’re partners.

Dubai

Series A

Flow48

Fintech

Financial Services

Lending

Small and Medium Businesses

We are an innovative FinTech in the Gulf Region and South Africa, offering SME financing to enable growth by transforming future revenues into up-front capital under flexible terms. We believe your cash should Flow on your terms.

Lagos

Debt Financing

CredPal

E-Commerce

Digital Payments

CredPal card is designed to help you meet your most important obligations when you need to. Buy now pay later.

Amsterdam

Pre-Series A

Talk360

IT & Communication

Telecommunications

Mobile Apps

Make international calls to any mobile and landline in the world with the Talk360 international calling app. Experience the best quality for the lowest price.

Accra

Yemaachi Biotechnology

Biotech

Biotechnology

Bioinformatics

Artificial Intelligence

Artificial Intelligence (AI)

Yemaachi Biotechnology uses cutting-edge immunogenomics, bioinformatics, and artificial intelligence to accelerate the development of cancer detection and cure strategies for lowering the economic burden of cancer.

Cairo

MNZL

Asset-backed financing. Digital access to capital. Tech-enabled credit decisioning.

Kashier

Finance

Mobile Payments

Payments

Kashier is a payment management platform for commerce and retail businesses that provide tools used for running a business.

Dayra

Dayra empowers companies to offer  to their unbanked gig-workers and customers.

Cape Town

TurnStay

Travel

TurnStay thrives at the intersection of fintech and travel, championing hassle-free experiences in travel payments. Our commitment is unwavering: providing clients with seamless access to a comprehensive global payment infrastructure. The result? A dramatic reduction in payment costs and a promise delivered - a fully localized payment journey. Join us as we redefine the financial contours of travel, one transaction at a time.

WafR

Apps

Retail & Wholesale

Retail Technology

Retail

In Morocco, 90% of sales for FMCG brands are made in grocery stores. In this channel, it is extremely complex to set up promotions to guide grocers' choice to maximize sales of one brand at the expense of the competitor, and customers' choice to turn to that same brand.

WafR solves this problem. Our application creates a mechanism for increasing market share by paying grocers only after they have maximized sales of your brand. Customers, in turn, benefit from an immediate promotion at the time of purchase, encouraging them to choose your brand over the competition. 

This gives you powerful leverage to turn grocers and customers to your brand in tens of thousands of grocery stores.

Translated with DeepL.com (free version)

Klump

BNPL

Klump is a Buy Now, Pay Later technology company with the mission to enhance the online and in-store checkout experience for customers and businesses by providing flexible payments on their purchases.

Enabling scale

Payment

Digital Marketing

WHAT IS SCALE?
We’re Africa’s First Fintech Agency. Why Agency? Because it takes an entire ecosystem to get payment products live in a very complex African landscape. We’re, however, the single point of contact, entry, deployment & growth.
The best part? We’re African & female, building for Africa, and the lives of its people.

gamp

SaaS

Information Technology

IT Services

Information Services

Financing Platform

Customer Service

Insurtech

Technical Support

Gamp is an insurtech platform that provides device protection, financing, repairs, and lifecycle support for individuals and businesses across Africa.

Orca Fraud

Fraud Monitoring

Cybersecurity

Cloud Security

Orca Fraud provides an AI-driven fraud orchestration platform for conventional and decentralized financial systems, offering real-time identification of emerging fraud patterns.

Oola Technologies

Building software to enable digital insurance in Egypt.

MyStash

Software

myStash is a financial management platform that allows users to make money move through a new seamless method of saving, saving a percentage automatically every time you earn or spend on any account in Nigeria.

Balad

Banking

We break Financial barriers for Migrants and their underbanked Families at home.

Egyptian fintech startup MNZL has raised $3.5 million in seed funding to enhance its technology and scale operations. The round was led by P1 Ventures, Localglobe, and Ingressive Capital, with additional support from 500 Global, Flat6Labs, First Circle Capital, Enza Capital, Beenok, and other angel investors. MNZL aims to empower Egyptians by allowing them to use their assets, such as homes and cars, as collateral for loans through a digital wallet system.

Egyptian fintech startup MNZL raises $3.5m seed funding round to scale

MNZL has raised $3.5 million in a Seed funding round led by P1 Ventures, Localglobe, and Ingressive Capital, with additional support from 500 Startups, Flat6labs, First Circle Capital, ENZA Capital, Beenok, and prominent angel investors. The funding will be used to enhance technology and scale operations, aiming to empower Egyptians by allowing them to leverage their assets for financial needs through a new wallet concept. MNZL has secured necessary permits from the Financial Regulatory Authority and plans to revolutionize credit access in Egypt and beyond.

Egypt’s MNZL raises $3.5 million Seed led by P1 Ventures

CredPal, a Nigeria-based BNPL pioneer, raised $15 million in a bridge round of equity and debt to expand its consumer credit offerings in Nigeria and scale across Africa. The funding round included existing investors like Greenhouse Capital and new backers such as Uncovered Fund, LongCommerce, First Circle Capital, and Adii Pienaar. The funds will be used to extend partnerships with merchants and support expansion into Kenya, Egypt, Ghana, and Cameroon.

Nigeria-based CredPal gets $15m to expand its buy now pay later business

CredPal, a Nigerian startup offering Buy Now Pay Later services, raised $15 million in a bridge funding round consisting of both debt and equity. The debt was provided by unnamed financial institutions, while equity came from existing investor Greenhouse Capital and new investors including Uncovered Fund, LongCommerce, First Circle Capital, and Adii Pienaar. The funds will be used to expand its BNPL product across Africa, targeting markets in Kenya, Egypt, Ghana, and Cameroon, and to secure a partnership with Airtel Nigeria for smartphone installment purchases.

CredPal secures $15m in debt and equity funding, to expand its BNPL product across Africa

Nigerian 'buy now, pay later' startup CredPal has raised $15 million in funding to expand its consumer credit offerings in Nigeria and scale across Africa. The funding includes debt financing and a bridge round with participation from existing backers like Greenhouse Capital and new investors such as Uncovered Fund, LongCommerce, First Circle Capital, and Adii Pienaar. The funds will be used to extend partnerships with merchants through CredPal Pay and support expansion into Kenya, Egypt, Ghana, and Cameroon.

Nigeria’s CredPal raises $15m funding to scale “buy now, pay later” across Africa

South African travel-focused fintech TurnStay has raised US$2 million in a seed round of funding to fuel its expansion across African markets and enhance its fintech infrastructure for travel and tourism operators.

SA travel fintech TurnStay raises $2m to accelerate Africa expansion

South African travel-focused fintech TurnStay has raised $2 million (over R34 million) in a seed round led by First Circle Capital, with participation from leading US and African VCs including  TLCom Capital, Enza Capital, Incisive Ventures, CVVC, and Equitable Ventures.

South African Travel Fintech TurnStay Raises $2M to Accelerate Africa Expansion

Orca, a South African startup that works with banks and fintechs in emerging markets to fight various types of fraud, has raised a $550,000 pre-seed round. The money raised will be used to build simple, yet effective fraud prevention tools and iterate with customers in South Africa. The round was led by Norrsken22 with participation from First Circle Capital, Musha Ventures, Kara Ventures as well as several strategic business angels and family and friends. The round was well oversubscribed which is remarkable in these current market conditions.

Orca Fraud raises $550k in pre-seed round

Orca Fraud, a Cape Town, South Africa-based startup that works with banks and fintechs in emerging markets to fight various types of fraud, raised $550K in Pre-Seed funding.
The round was led by Norrsken22 with participation from First Circle Capital, Musha Ventures, Kara Ventures and others.

Orca Fraud Raises $550K in Pre-Seed Funding

gamp, a one-stop platform for gadget needs in Africa, raised a pre-seed funding of $650,000 in 2022 from investors including Ingressive Capital, Future Africa, and others. The funding was used to expand talent, develop the platform, and validate new customers. gamp offers services such as device acquisition, protection plans, trade-ins, and repairs, partnering with OEMs and insurance companies to make device ownership and maintenance easier in Africa. The startup plans to expand beyond Nigeria to francophone and East Africa.

gamp announces $650,000 raise, launches gamp for Business

First Circle Capital's Portfolio

Egypt-based fintech Balad has raised a seven-figure pre-Seed round led by Acasia Ventures. Other investors in the round included Launch Africa, Future Africa, V&R, Magic Fund, First Circle, Sunny Side, and several family offices.

First Circle Capital

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First Circle Capital

Funding Deals, by Startup Growth Stage

Funding Deals, by Region

No. of Portfolio Companies

Total No. of Investments Globally, by Year

We Invest in Startups in the Following Stages

Statistics

Sectors we invest in

Top 3 sectors we invest in

Portfolio Companies or Investments

Executive Team Members

About

Legal

Social Media

Portfolio Companies
or Investments