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Since 2022, Circle Ventures has backed 4 African startups across 4 disclosed funding rounds totaling $121M, most heavily in Nigeria and Fintech.
Circle Ventures is the venture capital arm of Circle, a payments technology company headquartered in New York City. It supports crypto startups and founders with capital, resources, and community, focusing on blockchain infrastructure, middleware, and applications powered by digital currencies like USDC. Circle Ventures invests in companies building innovative Layer 1 solutions, scaling technologies, financial markets infrastructure, and payments apps, typically at early stages with products already in the market. In Africa, Circle Ventures has invested $46 million across three funding rounds from November 2022 to May 2025, targeting Series A (two rounds) and Seed (one round) stages. Its geographic focus includes Nigeria, Kenya, and Cameroon, with sector interests in Fintech (two investments) and Crypto & Web3 (one). The firm backed Conduit Pay for cross-border payments in Nigeria, Alloyx for stablecoin issuance and global payments in Kenya, and Ejara for mobile investing and saving in Cameroon. Circle Ventures has co-invested alongside prominent firms including Digital Currency Group and Dragonfly Capital in multiple rounds.
Data updated · Jul 29, 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 has backed Conduit Pay in Nigeria (Series A, $36M, May 2025), Alloyx in Kenya (Seed, $2M, Jun 2023), and Ejara in Cameroon (Series A, $8M, Nov 2022). These investments span Fintech and Crypto & Web3 sectors.