Debt Financing

Seed

Series B

Series A

Series C

Pre-Seed

Pre-Series A

Vienna

Oliver Holle

Learn about Speedinvest's funding strategy and portfolio success. Explore their detailed profiles on Lucidity Insights.

Speedinvest

Speedinvest is a leading early-stage investor in Europe with a primary focus on founder success, offering unparalleled support throughout the entrepreneurial journey.

Lagos

Moove

Automotive

Fintech

Financial Services

Moove is a mobility fintech company on a mission to drive productivity and success for the world’s mobility entrepreneurs by democratising access to vehicle ownership for those with limited or no access to a vehicle or vehicle financing. We use our revenue-based financing model on a global scale to serve millions of entrepreneurs in the mobility industry.

Bangalore

Series D

Open

Finance

OPEN offers a powerful suite of financial solutions to help businesses manage payments seamlessly with connected banking. We also provide additional tools for tax and compliance, cash flow insights, custom workflows on ERPs, access to capital, payroll management, and accounting.

Dubai

Flow48

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.

Ikeja

FairMoney

Banking

Internet

Mobile Apps

FairMoney is a Nigerian fintech company that provides instant, mobile-based loans and flexible personal financing to underserved individuals and small businesses.

Pre-Series B

Abhi

Apps

Employee Benefits

Founded with the vision of making financial access a right, ABHI is a neobank of the future that promotes financial inclusivity across emerging markets, evolving into a comprehensive suite of finance solutions, including Payroll Processing, Payroll Financing, and SME Financing.

Cairo

Khazna

A Financial Super App that offers easy to use, technology-driven  to Egypt’s underserved consumers and micro-businesses.

Keyper

Property Management

Real Estate

Proptech

Keyper is a digital real estate investment management solution platform that offers automation of daily tasks, monitoring of real estate portfolios, and access to data-driven insights for investors and property owners.

Istanbul

iyzico

E-Commerce

Payments

Mobile Payments

Service Industry

iyzico is a fintech company that simplifies and secures online payments for businesses and consumers with innovative payment technologies.

Pemo

Management

Expense Tracker

Accounting

Pemo is a leading provider of spend management solutions for SMEs with its all-in-one platform to help businesses in managing their spending and streamline their financial operations.

Nairobi

Leta

Logistics

Transportation

Supply Chain Management

Supply Chain

Delivery

Leta is a venture-capital backed technology company that builds logistics solutions to enable the efficient and automated movement of goods in Africa.

Cape Town

Precium

Precium builds expansion-grade payments infrastructure for global commerce in Africa.

We help global merchants enter and scale in South Africa without the usual friction, enabling them to reduce payment failures, improve approval rates, and ensure compliance from day one.

Jumba

Construction

Marketplace

SaaS

Supply Chain Technology

Building Material

Jumba is an online B2B marketplace and construction tech platform that enables users to buy building materials from multiple suppliers, manages logistics and financing, ensures transparent pricing and quality control, and provides efficient delivery, helping hardware stores and construction firms complete projects on time and within budget.

Riyadh

palm.hr

Software

Information Technology

palm.hr is an HRMS born in KSA to address the region’s HR needs from ensuring that companies are compliant with Saudi law, automating processes and requests to erasing human error in calculating and paying salaries.

Karachi

Maqsad

Education

E-Learning

EdTech

Maqsad is an edtech platform that provides digital learning content and tools to help students in Pakistan improve their academic performance and reach their potential.

Luanda

Anda

Mobility

Ride Sharing

Anda is Angola's leading mobility technology platform offering asset financing, ride hailing, and delivery services to the underserved by tackling the credit gap with financial products tailored to income-generating assets.

Accra

Oze is a habit-forming mobile app that makes it easy for SMEs in Africa to keep digital records, make better decisions and access capital.

Mundi

Mundi is a fintech company that transforms financial technology by offering access to capital market products and opportunities. With Mundi, you can access advantageous rates for evaluating and increasing the interest on your idle TL and USD savings in financial markets.

Kema

Invoice Financing

Payment

Kema is a B2B accounts receivable platform that streamlines your invoicing, payment collection, and reconciliation processes. It improves cash flow, reduces manual effort, and offers tools for better financial visibility and control.

TIER Mobility

TIER Mobility is a micro-mobility company that provides sustainable ride-sharing solutions to its customers.

UAE-based fintech Kema has raised a $2 million pre-Seed round, led by Speedinvest with participation from the Dubai Future District Fund (DFDF).
Founded in 2023 by Michael Ghandour, Kema provides a SaaS platform that helps B2B SMEs accelerate and automate cash flow while saving them time and money. The company plans to use this investment to enhance its SaaS platform aimed at supporting the SME segment, scale the solution across the UAE, and hire top talent to support its growth.

UAE fintech Kema raises $2 million pre-Seed

Cape Town-based Revio, a payments API company, has raised $1.1 million in an oversubscribed seed funding round to solve payment failures in emerging markets.

Led by  SpeedInvest, with participation from Ralicap, The Fund, Two Culture Capital, and strategic angel investors from Sequoia Capital, Quona Capital and Circle Payments, Revio says the investment will enable it to launch new products, expand the team, and enter new markets. This is Revio’s first institutional funding round since emerging from stealth in March 2021.

Revio raises $1.1 million to “radically reduce failed payments and churn”

New products, an expanded team, and access to emerging markets are on the cards for fintech SaaS start-up Revio following the completion of a $1.1 million seed funding round backed by leading investors.

Revio raises $1.1m to solve payments failure conundrum

South African fintech startup Revio, a subscription billing and payments platform that powers software-as-a-service (SaaS) businesses, has raised US$1.1 million in seed funding to launch new products, expand its team, and enter into new markets.

SA fintech startup Revio raises $1.1m to launch new products, move into new markets

Cape Town, South Africa (Sept. 26, 2023). ‍Revio, the payment orchestration platform helping merchants optimise their order to cash lifecycle, today announced a seed investment round of $5.2 million. The funding round was led by leading fintech fund QED Investors, joined by Partech and continued participation from Revio’s existing investors, Speedinvest, RaliCap, and Everywhere VC.

Announcing Revio's $5.2 million Seed round

This is the second round of funding that Revio has received in the last 12 months. In November, it secured $1.1 million in pre-seed funding from investors, including Speedinvest, Ralicap and Everywhere VC. These investors wrote follow-on checks in the QED-led seed round, joined by growth-stage pan-African VC Partech.

QED and Partech back South African payment orchestration platform Revio in $5.2M seed

Fintech startup FairMoney is building a challenger bank in Nigeria. The company first started offering microcredit and now plans to expand to current accounts and savings. FairMoney just raised an $11 million Series A round (€10 million) led by Flourish, DST Global partners and existing partners Newfund, Speedinvest and Le Studio VC.

FairMoney raises $11 million for its challenger bank for emerging markets

Nigerian micro-lending startup, Fairmoney, has raised $42 million Series B led by  US hedge fund and investment firm Tiger Global. Existing investors that participated in the round include – partners of DST, Flourish Ventures, Newfund, and Speedinvest.

Fairmoney raises $42 million Series B, bags banking licence to deepen digital bank ambitions

Co-founder and CEO Kagure Wamunyu told TechCrunch that the startup, currently covering 60% of Kenya’s 47 counties, is scaling its operations in the country to keep up with the growing demand of construction materials, buoyed by $4.5 million funding it has secured in a seed round. The round was led by LocalGlobe, with participation from Enza Capital, which led its $1 million pre-seed round last year, Foundamental, Seedstars International Ventures, Logos Ventures, Speedinvest, First Check Africa and Alumni Angel Network.

Jumba, a Kenyan startup simplifying sourcing of construction supplies, raises $4.5M

Jumba’s $4.5 million seed is coming a year after its $1 million pre-seed. This time, however, the round was led by  LocalGlobe, while Enza Capital, which led the pre-seed round, participated in the funding alongside other investors such as Foundamental, Seedstars International Ventures, Logos Ventures, SpeedInvest, and First Check Africa.

Jumba, a Kenyan startup easing the procurement of construction materials, secures $4.5m seed

In Nigeria, owning a car is a luxury very few people can afford. It is a similar case across Africa, where car owners often recycle used cars between themselves because of the difficulty of accessing new ones. Moove, an African mobility company with a fintech play, wants to change that, and is raising $23 million in Series A to scale rapidly across the continent.Speedinvest and Left Lane Capital led the Series A round. Other investors like DCM, Clocktower Technology Ventures, thelatest.ventures, LocalGlobe, Tekton, FJ Labs, Palm Drive Capital, Roka Works, KAAF Investments, Class 5 Global, Victoria van Lennep (co-founder of Lendable), Verod, Kepple Africa Ventures and one of Moove’s existing lenders, Emso Asset Management, also joined the round. Moove’s investment is the first for many of its U.S. backers in this round.

Moove raises $23M to create flexible options for drivers to own cars in Africa

Nigeria-based auto-financing startup, Moove has announced a $23 million Series A to build a full-service mobility fintech that democratises vehicle ownership across Africa. The round was led by global VC, Speedinvest and New York-based Left Lane Capital.
Others include DCM Ventures, Clocktower Technology Ventures, thelatest.ventures, London-based LocalGlobe, California-based Tekton Ventures, New York-based FJ Labs, and New York-based Palm Drive Capital.
The list continues with Singapore-based Roka Works, Dubai-based KAAF Investments, Abu Dhabi-based Spartech Ventures, California-based Class 5 Global, and Victoria van Lennep, co-founder of Lendable.
Africa focused VC Verod Capital Management, Kepple Africa Ventures, and London-based Emso Asset Management  — one of Moove’s existing lenders — joined the round.

Nigeria-based mobility fintech, Moove raises $23 million Series A

Moove, an African mobility fintech that provides vehicle financing to drivers of ride-hailing platforms like Uber and other gig networks, has raised $105 million in new Series A2 financing.
Existing investors Speedinvest, Left Lane Capital and thelatest.ventures (the first two are lead investors from its Series A) led this round, shared between $65 million equity and $40 million debt. New investors such as AfricInvest, MUFG Innovation Partners, Latitude and Kreos Capital participated. The announcement is coming almost seven months after Moove closed its $23 million Series A round and a month after the mobility fintech closed $10 million in debt financing. The startup, launched in 2020, is now present in six African cities: Lagos, Accra, Johannesburg, Cape Town, Nairobi and Ibadan.

Moove raises $105M to scale its vehicle financing product across Asia, Europe and MENA

Moove, an African mobility fintech that provides vehicle financing to drivers of ride-hailing platforms like Uber and other gig networks, has raised $105 million in new Series A2 financing.

Existing investors Speedinvest, Left Lane Capital and thelatest.ventures (the first two are lead investors from its Series A) led this round, shared between $65 million equity and $40 million debt. New investors such as AfricInvest, MUFG Innovation Partners, Latitude and Kreos Capital participated.
The announcement is coming almost seven months after Moove closed its $23 million Series A round and a month after the mobility fintech closed $10 million in debt financing. The startup, launched in 2020, is now present in six African cities: Lagos, Accra, Johannesburg, Cape Town, Nairobi and Ibadan.

Moove, a Nigeria and London based mobility fintech, which provides revenue-based financing to mobility entrepreneurs across Africa, has raised $105 million in an oversubscribed Series A2 round consisting of equity and debt. The round is led by existing investors, Speedinvest, Left Lane Capital and thelatest.ventures, with participation from new investors including AfricInvest, MUFG Innovation Partners, Latitude and Kreos Capital.

Nigerian Mobility Fintech Moove Raises $105M in Series A2

Saudi Arabia-based HR tech platform palm.hr, has closed a $5 million pre-Series A round co-led by Speedinvest and RAED Ventures, with participation from Wamda Capital.

palm.hr closes $5 million pre-Series A round

In a country where 50% of its 100 million people are active smartphone users, two out of every three individuals have little or no access to formal financial services in Egypt. 

With banks doing their best to deepen financial services to the underbanked and unbanked across the North African country, startups are also playing their part. One such provider is Cairo-based Khazna — a self-described “financial super app” that has raised a $38 million Series A in debt and equity. The company has received a total of $47 million since its inception.

Egyptian financial super app Khazna raises $38M from Quona Capital and Lendable

Egyptian super-app, Khazna, has announced the raise of $38 million Series A round in equity and debt, as it continues to spread its fintech products across Egypt. The equity side of the investment was led by US-based impact investor, Quona Capital, with participation from recently launched fund, Nclude by Global Ventures, Austria’s Speedinvest, KSA’s Khwarizmi Ventures and Egypt’s Algebra Venture, as well as Accion Venture Lab, Disruptech, AB Accelerator by Arab Bank and CVentures.

Egyptian Fintech Super-App Khazna Raises $38M Series A Round

Egypt-based fintech startup Khazna, received an investment of 16 million dollars in the pre-Series B round. As well as existing investors to the investment round TIBAS Ventures, the Speedinvest, the SANAD Fund for MSME, the anb capital, the Aljazira Capital, the Khwarizmi Ventures, the Nclude, the ICU Ventures, the Quona Capital and the DisrupTech Ventures companies such as also participated

Fintech startup Khazna received an investment of 16 million dollars in the tour attended by TIBAS Ventures

Cairo – Egypt-based fintech Khazna has closed a $16 million pre-Series B funding round to fuel its growth by applying for a digital banking license in Egypt and expanding into the Saudi market.

The fundraising transaction was led by SANAD Fund for MSME, anb Seed Fund, Aljazira Capital, Khwarizmi Ventures, Nclude, ICU Ventures, Quona, Speedinvest and Disruptech Ventures, according to a press release.

Cairo-based Khazna to boost Saudi expansion via $16mln funding

Neo-banking startup Open raises $5M in Series A funding, led by Beenext, Speedinvest and 3one4 Capital

Bengaluru-based fintech startup Open Financial Technologies has raised $30.27 Mn (INR 210 Cr) in a Series B funding round. The Series B was led by Tiger Global Management with participation from Tanglin Venture Partners Advisors.

Existing investors 3one4 Capital, Speedinvest and BetterCapital AngelList Syndicate also participated in the round.

Tiger Global Leads $30 Mn Series B Round In Neo-Banking App Open

Maqsad is a Pakistani Ed-tech startup that announced a $2.8 million seed round led by Speedinvest and returning investor Indus Valley Capital. Maqsad’s founders said in a statement on Thursday that the oversubscribed round also had participation from Stellar Capital, Alter Global, Johann Jenson (SVP Product at GoStudent), and other strategic angels.

Pakistani Ed-tech Startup Maqsad, Raises $2.8 Million In Seeding Round

Abhi, a Pakistan-based lending startup, has raised $17 million in a Series A funding round, bringing the company’s valuation to $90 million, Bloomberg reported Tuesday (April 19).

The funding comes amid an increase in investor interest in Pakistan, with companies in that country raising more than $350 million in 2021. PYMNTS reported on the wave in June, noting that Abhi was among its recipients, taking in $2.1 million in seed funding.

Abhi offers an alternative to people asking their family, friends or employer for money to tide them over until their next payday, according to the report. It also provides financing for small- to medium-sized businesses (SMBs) to help them meet working capital requirements.

“This is the first time you’re able to get this access in the country,” CEO Omar Ansari said in an interview with Bloomberg. “As people and smaller companies get this access then it becomes something they want to keep using.”

Abhi said in the report its app takes less than 30 seconds and two clicks for users to access funds — which are automatically deducted from the customer’s next paycheck — with a flat 2% fee.

Ansari oversaw two funds at Morgan Stanley and helped with early-stage investments for FinTechs in several countries, according to the report. He also served as an adviser to VEF, which focuses on FinTechs in emerging markets.

Abhi has increased its user count from 200,000 since its last funding round in 2021 to 650,000 while onboarding more than 150 companies. Ansari said users are accessing 15% to 20% of their monthly pay with the platform, the report stated.

The Series A was led by Speedinvest, with participation from Global Ventures, VentureSouq, VEF, Sturgeon Capital, Rallycap, FJ Labs, Fatima Gobi, Sarmayacar and i2i Ventures.

Speedinvest

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Speedinvest

Funding Deals, by Startup Growth Stage

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We Invest in Startups in the Following Stages

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