Debt Financing

Seed

Series B

Series A

Series C

Pre-Seed

Pre-Series A

Vienna

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.

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.

Cairo

Khazna

Apps

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

Abhi

Abhi is a financial wellness platform that provides employees with salary advances based on their accrued wages.

Istanbul

iyzico

E-Commerce

Payment

iyzico is a payment receipt system management platform that offers ePayment solutions.

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

Payments

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.

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.

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.

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.

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

Finance

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

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.

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Funding Deals, by Startup Growth Stage

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We Invest in Startups in the Following Stages

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