Participated · Seed · Jul 2026

Fincart builds a software platform that consolidates logistics, payments, and customer operations for e-commerce merchants. Founded in 2023 by Mostafa Masry and Nihal Ali and based in Egypt, the company aims to simplify merchants’ back-end workflows. Following its oversubscribed seed raise, Fincart plans to expand its product offerings and grow its team. The startup intends to use the new capital to enter additional markets across MENA and Africa. No revenue, user metrics, or valuation were disclosed in the announcement.

Participated · Equity · Dec 2023

Susu uses technology to deliver care bundles and a 360° digital platform that connects patients, medical providers, internal teams, and financial contributors. Its care bundles combine SMS medical advice, nurse visits, doctor consultations, and other activities to support chronic and preventive care such as diabetes and hypertension. The company offers a financing solution allowing patients to pay bills plus a monthly subscription that can be paid or contributed to by family members in the diaspora via its transaction platform. Founded in 2019, Susu already serves over 7,000 clients across Côte d’Ivoire, Senegal, and Cameroon. With the $4.9M raise it plans to accelerate growth by expanding into other Francophone African markets and North Africa, diversify acquisition into corporate and financial institutions, and enhance its digital platform. Susu will also expand its workforce and reinforce marketing, operations, and finance teams in France and Africa by 2024. Susu is an Ivorian and French-based healthtech that offers care packages or bundles tailored to patients with chronic diseases (diabetes, hypertension) and pregnant women, combining doctor consultations, nurse visits and SMS medical advice. The product enables patients to finance bills and introduces a collective financing option where family members locally or in the diaspora can pay subscription fees. Susu was founded in 2019 by Bola Bardet with Laurent Leconte (CTO) and Sandrine Egron (COO). The company serves customers in Ivory Coast, Senegal and Cameroon and plans to launch services in six more sub-Saharan African countries, including Nigeria and Ghana. Its customer base is about 5,000 users, which grew 5x last year, and reported revenue growth of more than 400% in 2021. Susu intends to use new funding to grow the team and introduce additional product features to scale across Africa.

Participated · Series B · Jul 2023

Kasha is a digital retail and last-mile distribution platform founded in 2016 that focuses on women’s health products alongside fast-moving consumer goods. It serves individual consumers, small resellers, pharmacies, hospitals, and clinics via website and USSD, and also operates a wholesale supply business after obtaining a pharmaceutical license. The company offers telehealth connections when customers lack prescriptions and provides inventory credit to pharmacies, clinics and hospitals. Kasha sources products directly from manufacturers to ensure authenticity and leverages last-mile channels and content to reach mass-market customers in urban and rural areas. Since its Series A, the company reports annual recurring revenue growth of 50x and says it will use new capital to expand across Africa and invest in strategic areas of the business. CEO Joanna Bichsel has stated ambitions to scale the business globally and potentially pursue a public listing in the future. Kasha is an e-commerce platform that aims to improve women’s access to health, hygiene and self-care products in East Africa. It sells and distributes items such as hand sanitisers, antibacterial soaps, masks and gloves. CEO Joanna Bichsel said the service can act as a safe channel to obtain these items during the Covid-19 pandemic and that the company plans to offer Covid-19 diagnostic rapid tests eventually. The article reports that Finnish development financier Finnfund invested $1 million in Kasha. The funding was described as potentially vital under Covid-19 because Kasha provides contactless access to essential products. No other financial metrics or prior rounds were reported in the article.

Participated · Seed · Feb 2023

BuuPass operates a B2B2C full‑stack marketplace that connects transport companies with online ticketing platforms to digitize long‑distance transport in Africa. The company is focused on capturing a share of the estimated $100 billion long‑distance transport market and aims to scale toward unicorn status. BuuPass has sold over 16 million travel tickets and generated more than $100 million in GMV, with a presence across East and Southern Africa and routes in over 15 countries. The business plans to use outside investment to expand its reach and enhance its technology and product offering. The recent backing from Tim Draper is expected to provide strategic guidance and access to a global network to accelerate growth. BuuPass is headquartered in Nairobi. BuuPass is a B2B2C full‑stack marketplace that provides a bus management system (BMS) to digitize operators’ inventory, sales and operations while connecting them to a consumer-facing booking marketplace across web, app and USSD. Its BMS includes a point-of-sale solution and a parcel management module to help operators reduce cash leakages, manage fleets and draw operational insights. The platform also supports flight and train ticketing and has a partnership history with Safaricom to facilitate Kenya Railways bookings. BuuPass processes about 12,000 transactions per day, has recorded over 9 million ticket sales to date, and reported gross merchandise value slightly over $30 million in 2022. It supports a fleet of roughly 1,200 vehicles from more than 25 bus companies, including Easy Coach. The company plans to scale first in Kenya and Uganda and ultimately become a pan‑African infrastructure provider for long‑distance transportation.

Participated · Seed · Sep 2022

Bitmama operates a crypto exchange and a social payment product called Changera that issues virtual crypto debit cards funded with stablecoins for remittances and international online purchases. The company began as a WhatsApp group and expanded into formal crypto services including buying, selling, swapping and peer-to-peer transactions. Changera targets non-crypto‑savvy users with simple UI and supports virtual dollar cards with >$10,000 monthly spending limits for online transactions. Bitmama reports user growth from under 20,000 earlier this year to more than 70,000 across its platforms; revenues come from transaction margins. The team is distributed across Nigeria, Ghana and Kenya and the company is U.S.- and Nigeria-based. Future plans include a B2B API offering to let businesses embed crypto services and broader market expansion across Africa. Bitmama operates a crypto exchange and a cross-border payments product, Changera, which lets users buy, sell, and trade cryptocurrencies (including Bitcoin, Ethereum, Celo and six others) and send/receive money internationally, buy airtime, and pay utility bills. The company was founded in 2019 and is based in Delaware and Neuss, Germany. Bitmama has recorded more than $6 million in transaction volume this year and reports over 15,000 users across its two offerings; the team has grown to more than 20 members. The company says its users are active monthly, though the founder would not confirm profitability at this stage. Future plans include expanding current products into other African markets (including Francophone countries and Kenya) and Europe, launching Changera for businesses, opening its wallet API free to developers, and supporting the ecosystem via hackathons. Bitmama has been hiring in engineering and marketing to accelerate product development and feature expansion rather than adding new product lines.