Discover Products, Get Discovered.
Individuals find the right products. Businesses reach the right audience. One platform, free for both.
Individuals find the right products. Businesses reach the right audience. One platform, free for both.
Since 2021, First Circle Capital has backed 7 African startups across 10 disclosed funding rounds totaling $13.2M, most heavily in South Africa and Fintech.
First Circle Capital is a specialist venture capital firm that invests in financial technology companies across Africa. It is a seed stage VC fund that supports founders building a more inclusive future in Africa with fintech. The firm is headquartered in Casablanca, Morocco, and has additional offices in Kampala, Uganda. First Circle Capital focuses on pre seed and seed stage investments in fintech and insurtech, with a particular emphasis on financial infrastructure, alternative lending models, interoperability, regtech, and climate fintech. Its investment activity includes backing early stage companies across multiple African markets, reflected in portfolio companies such as WafR, TurnStay, Orca Fraud, MNZL Wallet, WiASSUR, VeendHQ, and MyStash. The firm often participates as an early institutional investor and helps catalyze additional capital from its network. First Circle Capital is a women led, thesis driven fund supported by institutional partners including development finance institutions and specialist impact investors. It positions itself as a partner to founders, combining capital with deep fintech expertise, company building experience, and a global community of operators to help scale transformational businesses in Africa’s financial services ecosystem.
Data updated · Aug 22, 2026
Sign in to see all 7 portfolio products
Free account — full portfolios, timelines, and the weekly funding digest
Sign in to see all 10 rounds
Free account — full portfolios, timelines, and the weekly funding digest
First Circle Capital has backed 7 African startups across 10 disclosed funding rounds tracked on Liners, totaling $13.2M since 2021.
Mostly Seed: 6 of its 10 tracked rounds are at that stage, followed by Pre-Seed (3).
First Circle Capital's tracked rounds are concentrated in South Africa (4), Morocco (2), Nigeria (2), and 2 more countries.
Its tracked rounds lean toward Fintech (7), Cybersecurity (2), Insurtech (1).
First Circle Capital most often shares rounds with Angel investors (4 shared deals), Enza Capital (3 shared deals), TLcom Capital (2 shared deals).
First Circle Capital is a venture capital firm that invests in pre seed and seed stage fintech companies across Africa. The firm focuses on financial technology and related segments rather than broader industries.
First Circle Capital invests across African markets with a focus that includes Morocco, South Africa, Nigeria, Egypt, Côte d'Ivoire, and other countries where its portfolio companies are based. The firm is headquartered in Casablanca, Morocco, and has an additional office in Kampala, Uganda.
First Circle Capital has backed several African fintech and insurtech companies, including WafR, TurnStay, Orca Fraud, MNZL Wallet, WiASSUR, VeendHQ, and MyStash. These companies operate in areas such as payments, fraud monitoring, credit, insurance comparison, and consumer finance across multiple African countries.