• PaidHR

  Participated · Seed · Jun 2025

  PaidHR provides a payroll and human resource management platform that automates the entire employee lifecycle from hiring and onboarding to payroll, benefits, and offboarding. The platform includes embedded financial services such as earned wage access and multi-currency wallets. PaidHR serves businesses in Nigeria, Kenya, and South Africa and aims to modernize how African companies manage their workforces. The company raised a $1.8M seed round to support its growth. PaidHR plans to use the funds to accelerate product development, enhance customer support, and expand its presence across African SME markets. The company positions itself to promote financial inclusion and stability for employees through its HR and fintech capabilities.

• Shekel Mobility

  Participated · Seed · Nov 2023

  Shekel Mobility operates a B2B marketplace and mobility fintech that helps auto dealers find inventory, access financing and sell cars across Africa. Its flagship product, Shekel Credit, provides dealers with loans covering up to 70% of vehicle costs (dealers typically contribute 30%), with credit limits up to $200,000 and typical vehicle loans in the $5,000–$20,000 range. The company reports a 0% default rate on its credit product and has powered more than $56 million in transactions, supporting over 1,400 auto dealers and ~7,000 cars to date. Shekel says its ARR is slightly over $2 million and plans to use the new funding to quadruple ARR ahead of a next priced round. The startup is building additional offerings, including Shekel Business to digitize informal trading processes for dealers, plus more digital tools and physical infrastructure to reduce dealership operating costs. Founders Benjamen Oladokun and Sanmi Olukanmi previously built and exited Eazypapers Technologies, and the team aims to create the largest auto-dealer ecosystem with a $10 billion annual transaction target by 2025. Shekel Mobility is a fintech neobank and trading platform offering a simplified financing and operating system for auto dealers in Africa. Dealers pre-approved by the platform provide at least 30% of a vehicle’s value and Shekel disburses the remaining 70% after vetting; purchased vehicles are housed in approved car lots. Since launching operations in January 2022 the company has enrolled over 1,000 dealers and powered more than $19 million in transactions; it has financed about 3,500 vehicles worth roughly $20 million and processes over $2 million in transactions monthly. The company reports a 0% default rate tied to its credit model and says onboarding has enabled dealers to triple sales and grow inventory. Shekel was selected for Y Combinator’s Winter 2023 batch. Planned moves include owning car lot(s) in the coming months and prioritizing additional debt funding to scale across Africa and other emerging markets.

• CutStruct

  Led · Seed · Nov 2022

  CutStruct Technology is building LiveVend, a B2B construction procurement platform that connects buyers (real estate developers, contractors) with vetted vendors while bundling services such as transportation, goods-in-transit insurance and trade credit via Sterling Bank’s Specta for Business. The platform handles vendor vetting, logistics, insurance, fulfilment guarantees and financing behind a simple user interface. CutStruct is led by second-time founders John Oamen (CEO) and Tayo Odunsi. The company has raised $600,000 in pre-seed funding to build and scale the LiveVend product. The round was led by Zedcrest Capital, DFS Lab and Lofty Inc, with participation from angel investors including Kola Aina. Investors cited the large, underdeveloped construction and real-estate vertical in Africa and the opportunity to digitize procurement and improve buyer and seller experiences. The funds will be used to develop the procurement product and expand the platform's services; no revenue or user metrics were disclosed in the article.

• Leatherback

  Led · Seed · Apr 2022

  Leatherback is a U.K.-based fintech that provides cross-border, multi-currency payment accounts and foreign-exchange services. The platform offers multi-currency accounts with the ability to exchange currency across a wide set of countries including the United Kingdom, Canada, India, Nigeria, Egypt, Uganda, Tanzania, Angola, South Africa, the UAE, Denmark, Ghana, and Côte d’Ivoire. The company targets immigrants, international students, and the broader migrant population that require international payments. Prior to this round Leatherback was bootstrapped by its founders and is led by co-founder and CEO Ibrahim Toyeeb. The $10M pre-seed funding will be deployed to raise Leatherback’s profile in fintech and extend capacity in countries where it is licensed or about to be approved, including South Africa, Egypt, Uganda, India, and the UAE. ZedCrest Capital said it will provide operational and strategic support to help build the compliance, technology, and finance infrastructure to position Leatherback as an operating system for global mobility of businesses and individuals.

• Sudo

  Participated · Seed · Mar 2022

  Sudo Africa is a Kaduna-based fintech that provides a card-issuing API enabling developers and businesses to issue virtual and physical cards. The platform partners with licensed card issuers and lets customers program spending, location and time controls in real time. Founders Aminu Bakori and Kabir Shittu built the product after encountering slow, API-less card issuance at a prior startup. Sudo positions itself as faster than banks (issuing cards in days versus weeks/months) and emphasizes granular controls for employee and merchant use cases. Customers span fintechs, microfinance banks, government agencies, logistics companies, commercial banks and e-commerce firms. The company monetizes via interchange fees on transactions, authorization fees for spending/location controls, and card production/personalization fees, and it plans to expand to three to four other African countries before year-end.

No current team members are available.