Led · Series A · Apr 2026

Littlefish provides a commerce orchestration layer that combines point-of-sale applications, back-office CRMs, merchant portals, payments, and APIs into a single platform that integrates directly with POS devices and core banking systems. The platform enables large financial institutions to offer unified, digital-first merchant services at scale and to onboard small businesses more seamlessly. Littlefish serves tier-1 banks including Standard Bank, First National Bank (FNB), and Absa, and has a significant partnership with Visa that integrates its platform into small-business onboarding. Founded in 2021 and based in Johannesburg, the company has expanded beyond South Africa and plans further growth across more than ten African markets. Since its seed round the company reports a 30x increase in recurring monthly revenue, and it recently raised a $9.5M Series A to fund hiring, product development, and market expansion.

Led · Series A · Feb 2026

Flextock is an Egypt-founded startup building what it calls an “operating system” for e-commerce across Egypt and Saudi Arabia. Its single platform lets online merchants manage warehousing, fulfilment, last-mile delivery aggregation, cross-border shipping, multi-channel sales access and working-capital financing. By unifying these typically fragmented services, the company aims to eliminate service gaps, improve visibility and boost operational efficiency for small and mid-sized merchants. The embedded finance module leverages logistics data to underwrite and collect repayments, turning fulfilment volumes into a credit-distribution advantage. Management believes the modular suite can increase revenue per customer as merchants adopt additional features over time. Proceeds from the latest round will fund expansion of operational infrastructure, enhancement of the end-to-end product suite and accelerated merchant acquisition in its core markets. No public operating metrics such as revenue or user counts were disclosed in the article.

Participated · Seed · Aug 2025

HoneyCoin provides stablecoin-powered payment infrastructure that connects directly to banks, mobile-money networks, and global payment partners to settle transactions in hours instead of days. Its stack includes a proprietary AI Matching Engine and a global colocation network of strategic banks to net flows and speed same-day settlements. The company processes about $150 million in monthly transactions, serves 350 enterprise clients and 326,000 direct consumers, and reports being profitable for the past two years. HoneyCoin says B2B volumes are growing 16% month-on-month while consumer activity via its Peer app grows 5% monthly, with roughly 60% of transactions domestic B2B. Founded in 2020 and operating in 15 African countries plus the US, parts of Europe and other emerging markets, it holds multiple licences (MSB/PSSP in Canada, VASP in Europe, MSB approval in the US) and regulatory Letters of No Objection in Nigeria, Kenya, and Tanzania. The company plans product and market expansion — including a stablecoin-backed Visa debit card, a cross-border liquidity solution with Interswitch, BaaS in Ghana/Malawi/Tanzania, and a software POS for East Africa — and will hire senior executives and secure more licences as part of its growth push.

Participated · Seed · Aug 2025

TurnStay builds payment infrastructure for Africa’s tourism sector using a merchant-of-record model and stablecoin-based payouts to process payments in a traveller’s home country while settling funds locally. Its platform aims to cut cross-border payment fees by up to 70% and accelerate settlement times. The company was founded by fintech veterans Alon Stern and James Hedley. Since its $300K pre-seed in 2024, TurnStay has processed over ZAR 250M in transactions and secured key industry partnerships. With the new funding, TurnStay plans to scale across Africa, offering travel operators an alternative to global booking platforms. The product is positioned to boost operator margins and enable direct bookings. TurnStay provides a localized payments solution for the African travel and tourism sector, charging customers in their home currency and using familiar payment methods. The platform applies techniques used by major booking companies to lower card billing costs by up to 70% and has halved unnecessary failed transactions, boosting checkout conversion rates. TurnStay enables merchants to capture more direct bookings, reducing commissions paid to online travel agencies. The company has processed more than ZAR50 million (about US$2.8 million) in transactions to date. TurnStay will use the US$300,000 funding to expand quickly into additional African markets. Founders James Hedley (co-founder of Quicket) and Alon Stern (co-founder of Slide Financial) lead the business, and investors view the team as well-suited to scale across the continent.

Led · Series A · Dec 2024

HUB2 is a payments aggregator that offers a single API enabling fintechs and payment companies to collect mobile money, bank transfers, cards and cryptocurrency across Francophone Africa. Founded in 2019 by Ashley Gauzere, the company partners with mobile money providers including Wave, Orange, MTN, Moov, Free and T‑Money to knit together fragmented payment systems. HUB2 operates as the backbone for some 55 fintechs (including Julaya, Onafriq, NALA, and CinetPay) which now account for 98% of its volumes. The five-year-old fintech has a 35-person team across offices in France, Ivory Coast and Mauritius and is on track to process €1 billion in TPV this year, up from €70 million in 2022, with consistent 15% month-over-month growth in TPV and revenue. Revenue is generated via take rates on transaction volumes. HUB2 plans to roll out cross-border payments, introduce stablecoin-based remittances, deepen card payment integrations with CyberSource/Visa, and target full regional coverage within two years while potentially expanding to serve SMEs later.