Participated · Seed · Oct 2023

Momint is a South African Web3 platform that educates users about Web3 technologies while providing a marketplace for owning and trading energy assets on-chain. The company plans to integrate the Internet Computer Protocol (ICP) blockchain to enhance its business operations. Momint intends to use recent funding to support global expansion and to gain, retain, and expand market share. The platform targets both consumers and investors, positioning itself as a safe environment for energy-asset tokenization and trading. No revenue or user metrics are mentioned in the article. Momint provides a blockchain wallet integrated into its app that lets users spend cryptocurrencies at thousands of South African and overseas retailers and top up crypto via integrated exchanges. The company also operates a marketplace for investing in solar projects, including its SunCash initiative launched in January 2023. Momint reports a community of 55,000 users, over $1.4 million in sales, and partnerships with more than 10,000 retailers domestically and 5,000 overseas retailers. Its wallet supports purchases of USDC and Ethereum with real-time rates, peer-to-peer sending, and KYC/KYT/AML checks. Momint aims to expand utility for crypto payments, enable low-cost cross-border transactions, and increase financial inclusion for small businesses and the informal economy. Funds from the current raise are earmarked for marketing, growing assets under management, and driving toward profitability.

Participated · Seed · Jul 2022

Qwili offers a hybrid hardware+software product: a low-cost NFC-enabled smartphone called the Qwili Pula (priced about $60–$70) and a downloadable app that turns phones into point-of-sale devices for selling data, pay-TV subscriptions, groceries and other services. The company pivoted from a B2C wallet play to an agent-focused B2B model after users began reselling digital services, and it has sold over 1,000 phones prior to the pivot. About 500 micro and small merchants currently use the platform (roughly half on Qwili’s phones), and Qwili reports $75,000 in monthly GMV and turnover growth of over 300% from Q1 to Q2 2022. Qwili targets digitally excluded and unbanked customers, enabling informal sellers to earn commissions by selling digital products to their communities. The company plans to use its new funding for app development, hires to improve operations and development, and hardware production, and intends to expand into neighboring Botswana to scale merchant adoption.

Participated · Seed · Apr 2022

ImaliPay is a one-stop embedded financial services platform for gig economy workers across Africa. It began with a BNPL fuel product for two-wheeler drivers and expanded into services including spare parts, smartphones, power banks, savings, investments, and health and income-protection insurance. The company connects to partners via APIs and also offers services through an app, chatbot and USSD, building a partner ecosystem of gig platforms and vendors. In 15 months its user base grew 60x to the tens of thousands, with services available through about 4,500 vendor points and over 200,000 transactions; revenues come from transaction and referral fees. ImaliPay was launched in late 2020 by Tatenda Furusa and Oluwasanmi Akinmusire, who previously worked at Cellulant. After prior pre-seed support and a $800,000 pre-seed in 2020, it closed a $3M seed in debt and equity to scale the team, boost technology and expand into new markets such as Ghana and Egypt. ImaliPay is an embedded finance platform founded in 2020 by Tatenda Furusa and Sanmi Akinmusire that targets financial inclusion for African gig workers. The company uses AI and Big Data to design tailored products—loans, cash advances, savings accounts and credit‑building tools—integrated with gig platforms. It offers in‑kind loans and a buy‑now‑pay‑later model tied to a worker’s trade; for example, Bolt drivers in Kenya can request fuel loans repaid after three to four days. ImaliPay aims to build an ecosystem that creates a safety net for gig workers through easy savings and transparent in‑kind financing to drive productivity and economic empowerment. The startup plans to expand its product offering and grow its presence in Kenya, Nigeria and South Africa. Recently it secured an undisclosed pre‑seed funding round to support that expansion.