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Since 2022, Circle Ventures has backed 4 African startups across 4 disclosed funding rounds totaling $121M, most heavily in Fintech.
Circle Ventures is the corporate venture capital arm of Circle, a global financial technology company known for issuing the USDC digital dollar and building internet native financial infrastructure. According to Circle’s official site, Circle Ventures focuses on backing blockchain infrastructure, middleware, and applications that help catalyze the next wave of the Web3 economy, powered by digital assets such as USDC. In Africa, Circle Ventures has participated in a focused set of fintech and crypto investments that align with this strategy. Based on confirmed funding data, Circle Ventures has backed companies at the Seed, Series A, and Series E stages, including seed and early growth rounds. Its African portfolio includes four companies: Send App, an instant international transfer service for banks, mobile money, and cash in Nigeria; Conduit, a cross‑border business payments platform using fiat and stablecoins in Nigeria; AXG, a Kenya based platform for issuing stablecoins and running global payments across banks and chains; and Ejara, a Cameroon based app that lets users invest, save, and grow money from a mobile phone without a bank account. These investments show a clear emphasis on fintech and crypto and Web3 solutions across Nigeria, Kenya, and Cameroon. Circle Ventures also collaborates alongside other institutional investors in these African deals, including established digital asset and fintech focused firms. Across these four African investments, Circle Ventures has committed a total of 121 million dollars, contributing to rounds that support cross border payments, stablecoin issuance, and inclusive digital finance across multiple African markets.
Data updated · Sep 5, 2026
Circle Ventures has backed 4 African startups across 4 disclosed funding rounds tracked on Liners, totaling $121M since 2022.
Mostly Series A: 2 of its 4 tracked rounds are at that stage, followed by Series E (1).
Its tracked rounds lean toward Fintech (3), Crypto & Web3 (1).
Circle Ventures most often shares rounds with Digital Currency Group (2 shared deals), Dragonfly Capital (2 shared deals), Sound Ventures (1 shared deal).
Circle Ventures is the corporate venture capital arm of Circle, a global financial technology company that issues the USDC digital dollar and builds internet native financial infrastructure. It invests in blockchain infrastructure, middleware, and applications that expand the Web3 economy and the utility of digital currencies such as USDC.
Circle Ventures has backed four African companies in the fintech and crypto and Web3 space. These are Send App and Conduit in Nigeria, AXG in Kenya, and Ejara in Cameroon.
Confirmed data shows Circle Ventures has participated in four African funding rounds totaling 121 million dollars across Nigeria, Kenya, and Cameroon. The firm has co invested alongside other institutional investors to support cross border payments, stablecoin infrastructure, and inclusive digital finance solutions in these markets.
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