DFS Lab is a research-driven venture capital firm focused on African tech. The firm combines expertise in frontier markets with capital to scale startups, operating from Seattle, Washington. It invests in early-stage founders building digital commerce solutions across Africa. DFS Lab backs companies primarily at seed stage, with some angel and other early rounds. Investments target fintech, e-commerce and retail, and communication sectors, with a geographic emphasis on Nigeria, Tanzania, and Kenya. Notable portfolio companies include Nala for cross-border remittances, Onepipe for embedded banking APIs, Getbumpa for retail management, Tushop for grocery delivery, and Sendchamp for business messaging. The firm has participated in nine funding rounds from April 2018 to October 2022, totaling $21.9 million, often co-investing with partners like FirstCheck Africa and Techstars.
Breet — Crypto & Stablecoins Payment API for African Businesses 
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