Participated · Debt Financing · May 2024

Renda offers an asset-light, end-to-end fulfillment platform that aggregates warehousing, inventory management, order processing, deliveries, returns and cash-on-delivery reconciliation for businesses. The company partners with third-party warehousing, delivery and payment providers rather than owning assets, and runs partner verification and management via apps and dashboards. Since launching in 2021 it has onboarded over 300 warehousing partners, 3,000+ delivery assets and 2,000+ cash collection partners, processed more than 250,000 orders and served over 500 businesses and 100,000 customers across 15 Nigerian states. Renda says it has achieved profitability and reported 450% year-on-year revenue growth. It serves clients including OmniRetail, Jumia, M-KOPA and Dangote and targets enterprise contracts of 12–24 months. Planned product moves include embedded finance for drivers, health insurance and fuel assistance, plus AI tools to automate processes and optimize logistics.

Participated · Seed · Dec 2023

TUNL operates a parcel shipping platform that offers economy courier options and partnerships with global carriers to cut SMEs' international shipping costs by roughly 50–75%. Merchants on the platform present customers multiple shipping choices at checkout, including an economy service to the U.S. (10–14 days) and faster FedEx/UPS options; economy prices can start around $10 to the U.S. The company was founded in 2022 by CEO Matthew Davey and COO Craig Lowman. Since launch TUNL has grown 35% month-on-month, counts over 700 merchants, and shipped more than 11,000 international parcels in 2023 representing exports worth R24 million (~$1.3M). TUNL’s revenue model is taking margins on orders placed through its platform. The $1M pre-seed will be used to accelerate growth in South Africa, prepare launches into other African and emerging markets, improve sales, and streamline merchant onboarding toward a self-service model. The company is also pursuing partnerships with continental marketplaces such as ANKA and exploring entry into wine shipping with a large subscription business, though alcohol shipping is not yet included.

Participated · Seed · Oct 2023

Tripplo provides a logistics software platform that automates and optimizes operations for transporters, cargo owners, and cargo brokers. The product negotiates rates with contractors, optimizes routes, enables real-time tracking, and manages documents. It also facilitates working capital for trucks and supports data-driven decision making. The platform is focused on streamlining road-freight supply chains across the SADC region. Tripplo is based in Johannesburg, South Africa. Financially, the company completed a $1.8M equity seed funding extension in October 2023.

Participated · Series A · Aug 2023

Founded in 2017 by Steve Biko and Sebastian Mithika and launching operations in 2018, Zanifu offers a digital lending platform that supplies short-term working capital to informal and small retailers embedded in the FMCG supply chain. The company positions itself as critical financial infrastructure for merchants who are largely excluded from traditional credit channels. To date, it has disbursed more than US$60 million in loans and financed over 15,000 SMEs. Zanifu reports having reached break-even for two consecutive months, a notable feat in the cash-intensive fintech sector. The startup’s growth strategy includes scaling its lending solutions across additional African markets. Previously, it raised a US$11.2 million mix of debt and equity in August 2023. The latest infusion from Yango Ventures is intended to accelerate this regional expansion and deepen its loan book.

Participated · Seed · Jul 2023

MyCover.ai operates an open insurance API and a B2B platform (MyCoverGenius) that lets businesses and SMBs embed and buy over 30 personalized insurance products. The platform integrates with insurers including Hygeia, Leadway, Sovereign Trust, AIICO Insurance and Allianz and targets fintechs, proptechs, e-commerce, telcos, logistics, mobility and BNPL platforms. MyCover.ai also offers claims management powered by AI and a distribution layer to improve access and underwriting visibility. Since launch it has processed over 50,000 policies, served 30,000+ end users and recorded over $1 million in gross written premiums from partnerships with 30 distributors. The two-year-old company (founded in 2021) says it doubled revenue in 2022 and plans to invest in its proprietary technology, hire tech talent, bolster operations and expand into other African markets.