Portfolio
We’ve said “yes” to the following companies.
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DESCRIPTION:
AIfluence offers an end-to-end solution to optimize and scale global influencer marketing strategies. AIfluence’s advanced algorithms power influencer discovery and evaluation, campaign management and performance measurement for both organic and paid influencer marketing campaigns.
AIfluence solves the major pain point experienced by most marketers in influencer marketing by accurately predicting and delivering measurable ROI on every campaign.
DESCRIPTION:
Akiba Digital is a data analytics company that provides African businesses with tools that unlock the value of their data and enables them to effectively personalize their product/ service offerings. The company was founded by Tebogo Mokwena, with the goal of providing financial services providers and retailers with new ways in which they can retain loyalty and monetize their data.
DESCRIPTION:
AMOpportunities (AMO) is a clinical experience company that partners with US medical schools and teaching hospitals allowing international medical students to find clinical rotations available now. Healthcare in Africa lags much of the world. The problem is in part infrastructure, part knowledge. AM Opportunities facilitates a skills and knowledge transfer, allowing Africa’s doctors of tomorrow to gain hands-on experience and best practices that they can take home with them.
DESCRIPTION:
AwaTech is a technology company that develops and operates software solutions aimed at improving the lives of its users. It currently owns and operates the AwaBike brand. AwaBike is a mobility company with a focus on reducing carbon emissions and promoting environmental sustainability through the deployment of smart technology to deliver efficient transportation options, via green emission focused campaigns and platforms. The West African region is rapidly urbanizing with many dense cities. Location intelligence service Fraym.io ranked African cities by economic activity, connectivity and number of middle class consumers. 37 of the 100 highest ranked cities in Africa are in Nigeria, the most of any other African country. Lagos is the largest city in Africa with as estimated 21million population.
The Lagos transport system is notably fragmented with a mix of taxis, yellow buses, motorcycles, and auto-rickshaws. Lagos also has numerous closed estate communities, many of which prohibit motorcycles from entering or have time restrictions. The company’s strategy is to enter the market through closed communities before gradually expanding into mass transport and major cities. These communities (university campuses and housing estates) have a higher smartphone penetration and concentration of millennials which have accelerated early adoption.
Nigeria alone has a total of over 200 Universities and polytechnics with a student population of over 1.9 million and an estimated potential of 140,000 rides daily.
DESCRIPTION:
Clane Company Nigeria Ltd. is a Lagos based company leveraging the power of technology to provide people with easy-to-use financial products and services . We bring together developers, investors and experts in finance and digital technology to deliver innovative solutions that transform today’s financial landscape.
Clane is solving the problem of high peer to peer money transfer costs. As well as working to eliminate $100m+ spent annually by financial service providers to purchase physical Point of Sale (PoS) terminals.
DESCRIPTION:
Dr CADx harnesses the power of Artificial Intelligence to help doctors diagnose medical images more accurately, reducing human error and improving patient outcomes. By deploying an AI system that will be available at any given time of the day — even in remote areas — Dr CADx will greatly improve the quality of patient management and save lives, especially in the marginalized areas of the developing world.
Dr CADx will revolutionize the healthcare system, benefiting patients, doctors, and hospitals alike.
DESCRIPTION:
Intelligra Solutions is a technology company that has built a proprietary credit decisioning application along with a strong phone lock technology to enable original equipment manufacturers (OEMs), Telecoms service operators and financiers collaborate on providing medium and low cost mobile phones to the African consumer. The strength of the company’s operational partnership with MTN as it regards to their ability to scale very quickly and reach critical mass before competitors. The company has financial inclusion as a core objective by making mobile and smartphones available to demographics that may otherwise not be able to afford one or be included in the digital financial economy.
Also, Tayo Ogundipe has deep expertise both in Telecommunications and finance at executive corporate levels, most recently as CFO of Sony Ericsson Americas.
DESCRIPTION:
MVXchange (Motor-Vessel Exchange) is a B-2-B technology driven maritime platform that matches vessel charter requests to available Offshore Support Vessels (OSV’s) operating in the African Oil & Gas industry. The company is focused on empowering users (typically oil & gas companies) to conveniently charter and manage offshore support vessels while reducing man-hours, saving operational costs and improving performance. The company was launched in 2019 with a vision of building the future of OffShore Support Vessels (OSV) chartering in Africa by reducing inefficiencies while increasing the capacity and utilisation of vessels. Conceptually, its business model personifies the idea of an “Uber for Offshore Support Vessels”.
The company’s growth plan is to continue to expand across other oil-producing African countries as they look to match vessel availability with vessel utilization at the optimal market rate in these regions, especially Ghana, Angola and Senegal. The company plans to continue expansion with this strategy in the near future.
These markets were targeted on the basis of being among the top ten countries in the world with the largest remaining crude oil deposits, with 5,038 million barrels expected to be economically recovered in Nigeria alone.
DESCRIPTION:
Ndovu develops, markets, and operates a mobile application that connects individual investors in Kenya to global markets.
DESCRIPTION:
OkHi is a digital addressing system that seeks to locate physical buildings and verify their inhabitants. The Company was founded by Timbo Drayson, under the premise that half of the world lacks proper addressing systems, a vital piece of infrastructure that persons, businesses and governments in the developed world have come to rely on extensively. OkHi is headquartered in Nairobi, Kenya and has 9 full-time employees. The Company is seeking to bring Africa online, allowing underserved demographics gain access to critical address infrastructure which will help increase access to financial services and e-commerce.
Also, the strength of the company’s operational partnership with Interswitch as it regards to their ability to scale very quickly and reach critical mass before competitors.
DESCRIPTION:
Quabbly is a platform that lets businesses and organizations rapidly create software solutions that’ll digitize & automate their work without writing code. The Market for No-code software creation platforms is projected to grow to $21.2 billion in 2023. There is a global shortage of technical talent to meet the growing software needs of businesses.
No-code platforms enables non-technical professionals create software applications to automate their processes.
DESCRIPTION:
TeamApt is a financial technology company that provides digital solutions and payment infrastructure to banks and businesses. The Company was founded by Tosin Eniolorunda in 2015, with the goal of accelerating transaction flows among individuals, banks, and businesses. TeamApt is headquartered in Lagos, Nigeria and has 80 full-time employees. According to research by the World Bank, about 66% of Sub-Saharan Africans are still unbanked in 2019, which translates to over 500M people without access to a bank account. This shows a significant opportunity to drive financial inclusion outside of the traditional banking system.
This shows that the addressable market is sizable, and the opportunity to power the financial sector and serve the underbanked in Nigeria and Africa as a whole is significant. This is also shown by the prominence of mobile payments, increased start-up activity and innovation and the push for better regulation from the government by players in the space.
DESCRIPTION:
Twende Is a SaaS logistics platform that seeks to help CEPs optimize their daily operations. The Company was founded by Kiptoo Magutt, with the goal of organizing and optimizing the fragmented on-ground transportation market in Africa. Twende is headquartered in Nairobi, Kenya and has 6 full-time employees. Twende is solving for one of the major bottlenecks on the continent. With proper execution, Twende stands to unlock trade and e-commerce, creating a flywheel through which its customers realize cost savings from optimization, increase revenue by maximizing utility, and grow the demand side of the market by lowering costs and improving accessibility for e-commerce merchants.
In summary this can become a “B2B2B” play: Twende (B1) sells SaaS tool to logistics operator (B2), and then sells a branded “shipping- selector” API to e-commerce merchants (B3).
DESCRIPTION:
Vite Technologies LTD (“Vite”) is a ridesharing mobile application that matches riders with driver-partners, to provide users with comfortable and convenient transportation services. The company is able to differentiate itself in the marketplace through its fair commission-based model, taking a 10% – 15% service fee on each ride, compared to the commissions of up to 25% charged by competitors operating elsewhere on the continent. The company was launched in 2017, in response to the lack of convenient and affordable ridesharing services.
Africa’s urban mobility market is estimated $10 billion annually and growing. By 2030, 89 African cities will contain more than a million inhabitants according to Mckinsey & Co. This coupled with the fact that 45 million people migrate into urban centers yearly, support the notion that African cities represent a large market opportunity for ridesharing, given that the competitive landscape is highly fragmented in certain markets.
The company believes the solution to these issues is rooted a multi-modal offering, one with a dynamic business model and a hyperlocal approach that runs counter to the ‘get in,think later’ plan employed by the few relevant existing players.
