Series A

Seed

Pre-Seed

Series B

Unknown Series Round

Cape Town

Discover Raba Partnership's portfolio and funding activity in technology. Exclusive profiles at Lucidity Insights.

Raba Partnership

Raba is not your typical venture fund; they position themselves as long-term business partners to founders, emphasizing a collaborative approach to investment, by  operating as an investment partnership.

San Francisco

Series D

Flutterwave

Fintech

Payment

Finance

Flutterwave is a fintech company that provides payment solutions for businesses.

Stitch Money

Payments

Financial Services

Atlanta

Series C

Yellow Card

NFT/Crypto

Blockchain

Crypto

Trading Platform

Bitcoin

Yellow Card is the safest, easiest and cheapest way to buy, sell and store bitcoin (BTC) and tether (USDT) in Africa. With multiple payment options, competitive rates and zero fees, you can buy and sell bitcoin safely and easily on Yellow Card.

Johannesburg

VALR

VALR is a digital asset trading platform where you can buy, sell, store and transfer cryptocurrencies seamlessly and securely. We offer one of the widest selections of digital assets. We‘re helping to build a financial system that recognises the oneness of humanity.

Lagos

54gene

Biotechnology

Life Science

Genetic

Biotech

Healthcare

Pharmaceuticals

Healthtech

Research & Development

54gene is a health technology company that unlocks African genomic data to enhance global pharmaceutical research and drive more inclusive medical discoveries.

Cairo

Thndr

Software

Investment Platform

Thndr is a digital investment platform that is designed to simplify investing.

Nile

Agriculture

Farming

E-Commerce

Mobile Apps

Marketplace

Information Technology

Agritech

Nile is a digital platform transforming Africa’s agricultural value chain by enabling safe, transparent, and efficient trading and procurement for farmers across borders.

Cloudline

Airlines and Aviation

Automation

Aerospace

Cloudline leverages lighter-than-air technology and solar power to bring emissions free aviation to every part of the world.

Dakar

Kera Health

Medical

Artificial Intelligence (AI)

The AI-powered platform connecting and augmenting healthcare providers and communities for healthier lives in Africa and beyond.

Debt Financing

OnePipe

Developer APIs

OnePipe simplifies complex infrastructure so you can focus on creating market-defining innovations. Banks and fintech partners of OnePipe have contributed the majority of the underlying infrastructure required to establish your product as a service.

Dubai

Fuse Financial Technologies

Fuse helps global businesses to make payments like a local in and around the MENA region, without the need to localise their payment stack. The single access point to the Middle East for global commerce. One interface for currencies, money movement and compliance, without the need for localisation.

Nestcoin

Web3

Axis

Digital Banking

Axis offers a digital banking platform for small businesses and their employees.

FloatPays

Education

FloatPays provides payroll integration, employee access, financial education, effective reporting, payment, and training services.

Busha

Mobile Payments

Busha is a leading African digital asset platform that enables users to buy, sell, and manage cryptocurrencies easily and securely while driving mass adoption of the crypto economy across the continent.

Swypex

Security

Swypex is a spend management platform that simplifies business finance with real-time expense tracking, seamless payments, invoice management, and access to working capital to help companies focus on growth.

Fashion

TFK is a pioneering Fashion E-Commerce platform with a mission to empower Fashion brands to grow & become sustainable.

Ezeebit

Ezeebit is one of Africa’s fastest-growing crypto payment companies and infrastructure platforms, specializing in cryptocurrency POS systems, embedded wallet infrastructure, API-first crypto acceptance for in-store and e-commerce payments, custom integrations, and cutting-edge online payment technologies.

Cleva Banking

Banking

Octo

Octo is a digital banking platform focused on underserved and underbanked Egyptians.

Launched in 2016, Flutterwave is building modern payments technology and infrastructure for Africa to enable people and businesses to connect with the global economy. Its solution enables banks and merchants to replace multiple payment integrations with one simple API, which enables processing of any form of payment anywhere in Africa.

So far it has processed over US$2.3 billion in payments across 60 million transactions, and partnered with the likes of Standard Bank, First Bank and Ecobank. Clients include Transferwise, Flywire, Booking.com, JumiaPay and Uber.

Flutterwave raised US$10 million in Series A funding in August of last year, and has now secured a further extension round. The latest round of financing includes investments from Mastercard, CRE Ventures, Fintech Collective, 4DX Ventures, and Raba Capital, among others, and means the startup has now raised over US$20 million to date. Its largest investors include Green Visor Capital and Greycroft Partners.

Nigeria’s Flutterwave raises Series A extension round of financing

OnePipe, a Nigeria-based API fintech startup, raised nearly $1 million in pre-seed funding. The funding round was led by US seed-stage accelerator Techstars and African impact-focused VC fund Atlantica Ventures, with participation from institutional investors such as Future Perfect Ventures, Raba Capital, and P1 Ventures. The startup aims to advance its API gateway that consolidates APIs from multiple sources under a unified specification, which can be refined to meet final standards once relevant policies are in place.

OnePipe, Nigeria-based API startup raises $1million in pre-seed funding

OnePipe, a Nigeria-based API startup, raised nearly $1 million in pre-seed funding. The round was led by Techstars and Atlantica Ventures, with participation from Future Perfect Ventures, Raba Capital, and P1 Ventures. OnePipe aggregates APIs from various sources and plans to onboard more banks to its network, generating revenue by taking a cut from fees charged by partner banks.

Nigeria-based API startup raises almost 1 USD mln in pre-seed funding

OnePipe, a Nigerian fintech company, raised $950,000 in a pre-seed funding round led by Techstars, with participation from investors such as Atlantica Ventures, DFS Lab, and Ingressive Capital. Angel investors included Idris Ayodeji Bello and Jim Chu. The funding will help OnePipe pursue opportunities in the fintech infrastructure space, focusing on aggregating financial services APIs into a standardized gateway. Following the investment, several industry leaders joined OnePipe's advisory council.

OnePipe closes $950,000 pre-seed round from Sherpa, Techstars, others

Nigerian fintech OnePipe has raised $3.5 million in a seed funding round to scale its operations. The round was led by Atlantica Ventures, Tribe Capital, and V&R associates, with participation from Canaan Partners, Saison Capital, Norrsken, The Fund, Two Culture Cap, and others. OnePipe, an API platform focusing on embedded finance, plans to use the funds for expansion into other African countries, partnering with companies like Sendy to facilitate this growth.

Nigerian fintech OnePipe raises $3.5m in seed round to scale operations

OnePipe, a Nigerian fintech API company, has raised $3.5 million in a seed funding round to enhance its embedded finance offerings. The round was co-led by Atlantica Ventures, Tribe Capital, and V&R Associates, with participation from new investors such as Canaan Partners and Saison Capital. Existing investors like Techstars and Ingressive Capital also contributed. OnePipe plans to use the funds for expansion, including a strategic partnership with logistics company Sendy to enter other African markets.

Nigeria’s OnePipe raises $3.5M to double down on its embedded finance offering

Cloudline has raised US$4.1M in pre-seed funding from the Raba Partnership, 4Di Capital, Enza Capital, Timon Capital, and Schmidt Futures – a philanthropic initiative founded by Eric and Wendy Schmidt. This cash has been utilised to launch its first three deployments and win regulatory approval in South Africa, yet Horne has global plans.

SA’s Cloudline is rewriting the rules of aerial operations with solar-powered autonomous airships

South African aerospace startup Cloudline has secured $6 million in funding as it aims to lead the global frontier of carbon emissions-free autonomous flight.
Schmidt Futures, the philanthropic venture founded by ex-Google CEO Eric Schmidt and Wendy Schmidt, is an investor in the seed round. Other backers include pan-African funds such as the Raba Partnership, Verod-Kepple Africa Ventures, Enza Capital, 4Di and other venture firms.

Backed by Schmidt Futures, Cloudline raises $6M to take aerial autonomy green and mainstream

Nigerian biotech startup, 54gene, has secured a $15 million Series A funding led by New York-based venture capital firm, Adjuvant Capital with follow-up investment from Y Combinator, Fifty Years, KdT Ventures, Better Ventures, Aera VC and Pioneer Fund.

This comes nine months after it raised $4.5 million in seed funding. The Series A funding takes the total venture capital 54gene has raised to $19.5 million.

Nigerian biotech startup, 54gene, raises $15 million in Series A funding

Floatpays, a South African fintech startup, raised $4 million in a seed funding round to expand across Africa. The round was oversubscribed and included investors such as Base Capital, Finca Ventures, Global Founders Capital, Raba Partnership, and 4DX Ventures, along with angel investors like Shaun Hurwitz and Olugbenga Agboola. The funding will help Floatpays consolidate its position in South Africa and develop new features like an interest-bearing savings account linked to paychecks.

Floatpays SA Fintech Startup Raises $4M Seed Funding Round For African Expansion

Floatpays, a South African on-demand pay provider, raised just under $4 million in an oversubscribed seed funding round. The funding will support its expansion across Africa and the development of new features like an interest-bearing savings account. Investors include Global Founders Capital, Base Capital, Finca Ventures, Raba Partnership, and 4DX Ventures, along with angels such as Alan Rutledge and Olugbenga Agboola.

SA fintech startup Floatpays raises $4m seed funding round for African expansion

Floatpays, a South African fintech startup, raised nearly $4 million in an oversubscribed seed funding round. The investors include Global Founders Capital, Base Capital, Finca Ventures, Raba Partnership, and 4DX Ventures, along with angel investors. The funds will be used to expand across Africa and develop new features like an interest-bearing savings account linked to paychecks.

SA Fintech Startup Floatpays Secures $4m Seed Funding Round To Expand In Africa

FloatPays, a South African fintech startup, has secured $4 million in a seed funding round to support its expansion plans.

SA fintech startup Floatpays secures $4m seed funding round for expansion

JOHANNESBURG, Sept. 27, 2021 /PRNewswire/ -- Pan-African cryptocurrency exchange, Yellow Card, has announced a $15M Series A, the largest ever by an African cryptocurrency exchange, to ramp up hiring and continue its expansion across the continent. The round was led by Valar Ventures, Third Prime, and Castle Island Ventures with participation from Square, Inc., Blockchain.com Ventures, Coinbase Ventures, Polychain Capital, BlockFi, Fabric Ventures, Raba Partnership, MoonPay, GreenHouse Capital, and more.

Africa's Fastest Growing Crypto Exchange, Yellow Card, Raises $15M Series A Funding

Yellow Card Financial, a Pan African cryptocurrency exchange, closed a $40M Series B funding.

The round was led by Polychain Capital, with participation from Valar Ventures, Third Prime Ventures, Sozo Ventures, Castle Island Ventures, Fabric Ventures, DG Daiwa Ventures, The Raba Partnership, Jon Weiner, Alex Wilson, Pat Duffy, and more.

The company intends to use the funds to drive business growth, continue its expansion across the continent, develop new product innovations, and advance strategic partnerships across Africa.

Led by Chris Maurice, CEO and co-founder, Yellow Card has launched in Nigeria in 2019 to make Bitcoin, Ethereum, Stablecoins, and other cryptocurrencies accessible to anyone in Africa. In August 2021, the company announced its Series A fundraise of $15M.

Yellow Card Secures $40M in Series B Funding Round

Nile.ag has raised R83 million in a Seed funding round led by Naspers Foundry, with participation from Platform Investment Partners, Raba Capital, and Base Capital. This investment marks Naspers Foundry's 10th investment and is part of Naspers's R1.4 billion commitment to South Africa's tech ecosystem. Nile, founded in 2020, provides digital solutions for farmers to improve food trading processes, including price transparency and payment speed. The platform connects farmers with commercial retailers across Africa and facilitates B2B transactions, enhancing transparency and cash flow.

Agritech start-up Nile gets R40m Naspers boost

Raba's Portfolio

Busha, a Nigeria-based digital platform that helps people buy, sell and store cryptocurrency, has raised seed funding of $4.2 million in a round led by Jump Capital. 

Cadenza Ventures, Blockwall Capital, CMT Digital, Greenhouse Capital, Raba Capital, and other investors also participated in the financing round.

According to the company, the new funding will go towards deepening its market positioning in Nigeria, the leading crypto economy in Africa where all of its users are based.

Nigeria-based Busha secures $4.2m seed funding to scale its crypto exchange

The Fashion Kingdom (TFK), an Egyptian fashion e-commerce startup, raised $2.6 million in seed funding led by CVentures, with participation from A15, Lotus Capital, Raba Capital, Sunny Side Venture Partners, Foundation Ventures, and fashion industry veterans. The funds will be used to accelerate growth, build scalable technology, and expand the team. TFK aims to become a market leader in Egypt's fashion e-commerce space by providing an omnichannel experience and partnering with brands to help them grow sustainably.

The Fashion Kingdom, an Egyptian fashion e-commerce startup, raises $2.6M in seed funding

The Fashion Kingdom (TFK), an Egyptian e-commerce marketplace for fashion, beauty, and home accessories, has raised $2.6 million in a seed funding round. The round was led by CVentures and A15, with participation from Lotus Capital, Raba Partnership, Sunny Side Venture Partners, Foundation Ventures, and The Cairo Angels Syndicate Fund. The funds will be used to accelerate growth, build scalable technology, and hire new talent. TFK aims to become a one-stop-shop for fashion entrepreneurs, covering operations, co-marketing, omnichannel, and digital content creation services.

Local E-Commerce Platform The Fashion Kingdom Raises $2.6M Seed Round

The Fashion Kingdom (TFK), an Egyptian fashion e-commerce startup, raised $2.6 million in seed funding led by CVentures, with participation from A15 and other investors including Lotus Capital, Raba Capital, and Sunny Side Venture Partners. The funds will be used to accelerate growth, build scalable technology, and expand the team. TFK offers an omnichannel experience and partners with brands to enhance their online sales capabilities.

Axis, a fintech company backed by Tiger Global, has launched a digital payments platform for Egyptian SMEs, months after securing an $8.25 million seed investment. The round was co-led by Tiger Global, Sawari Ventures, and Raba, with participation from Firstminute Capital, RaliCap, and others. Axis aims to provide digital banking alternatives for small businesses through its mobile wallet, axisPay, and plans to expand its services to include lending products to address the SME financing gap in Egypt.

Tiger Global-backed Axis launches digital payments platform for Egyptian SMEs months after its $8.25M seed

Egyptian fintech Axis has launched the AxisPay mobile wallet following an $8.25 million seed funding round. The investment was co-led by Tiger Global, Sawari Ventures, and Raba, with participation from Firstminute Capital and RaliCap. The AxisPay mobile wallet aims to help small and micro businesses in Egypt manage payroll processes digitally, in partnership with Visa.

Egypt’s Axis launches AxisPay mobile wallet after its $8.25m seed round

Axis, an Egyptian fintech company, has raised $8.25 million in seed investment co-led by Tiger Global, Sawari Ventures, and Raba. The funds will be used to launch AxisPay, a digital payments platform aimed at streamlining payments for small businesses in Egypt. The platform has already onboarded over 100 small businesses and 5,000 employees, with plans to expand to 5,000 businesses and 80,000 to 100,000 employees by the end of the year.

Egyptian Fintech, Axis, Secures Licence to Launch Digital Payments Platform, AxisPay

VALR, a South African cryptocurrency exchange, raised $50 million in a Series B funding round led by Pantera Capital. Other investors included Alameda Research, Coinbase Ventures, and several others. The funding round valued the company at $240 million. The funds will be used to expand into more African countries and emerging markets like India, enhance products and services, and increase hiring.

African Crypto Exchange VALR Raises $50M in Series B Led by Pantera Capital

VALR completed an oversubscribed Series B equity funding round led by Pantera Capital, with participation from Alameda Research, Cadenza, CMT Digital, Coinbase Ventures, and others. The funds will be used to expand across Africa and into emerging markets like India, and to develop more products and services. VALR aims to onboard more institutions from the traditional financial system into the crypto market.

VALR.com raises $50 million in Africa’s largest ever crypto raise — VALR

South African cryptocurrency exchange Valr raised $50 million in a Series B funding round led by Pantera Capital, with participation from Alameda Research, Cadenza, CMT Digital, Coinbase Ventures, Distributed Global, GSR, and Third Prime. The funding increases Valr's valuation to $240 million and will be used to expand into other African markets and emerging markets like India, as well as to enhance its product offerings and recruit new team members.

South African Crypto Exchange Valr Raises $50 Million in Series B Funding Round

Thndr, the leading retail investment platform in the MENA region, announced during its debut keynote event, its second major investment round, raising an additional $15.7 million, bringing its total current capital to $37.76 million. The round was led by Prosus Ventures, with participation from The Rabacap Partnership, BECO Capital, JIMCO Capital, Endeavor Catalyst, Y Combinator, and a prominent U.S. university endowment, among other new global investors.

Empowering millions: $15.7mln raise sets the stage for accelerated GCC growth

The Raba Partnership, an Africa-focused venture capital firm, has raised $59.6 million for its second fund, Raba Partnership II, to support early-stage startups in fintech, energy, and digital infrastructure across Africa. The fund has already invested in companies like Egypt-based Octo, a digital payments and credit platform. Raba's strategy emphasizes partnerships and strategic support to foster scalable, impact-driven startups, with a focus on high-growth hubs in Nigeria, South Africa, Egypt, and Kenya.

Raba Partnership

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Raba Partnership

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 8 sectors we invest in

Portfolio Companies or Investments

About

Legal

Social Media

Portfolio Companies
or Investments