---
title: "First Circle Capital"
description: "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."
canonical_url: "https://liners.com/investors/first-circle-capital"
markdown_url: "https://liners.com/investors/first-circle-capital.md"
type: "investor"
language: "en"
image: "https://assets.liners.com/storage/v1/object/public/media/investors/first-circle-capital/favicon.png?v=1785330002696"
updated_at: "2026-08-22T03:01:07.290Z"
---

# First Circle Capital

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.

## Breadcrumbs

- [Investors](/investors)
- [First Circle Capital](/investors/first-circle-capital)

## Summary

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.

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## Recorded investments

| Product | URL | Stage | Amount | Date |
| --- | --- | --- | --- | --- |
| WafR | /wafr | Seed | 4000000 | 2026-02-01T00:00:00.000Z |
| TurnStay | /turnstay | Seed | 2000000 | 2025-08-01T00:00:00.000Z |
| TurnStay | /turnstay | Seed | 1900000 | 2025-08-01T00:00:00.000Z |
| MNZL Wallet | /mnzl-wallet | Seed | 3500000 | 2024-05-01T00:00:00.000Z |
| Orca Fraud | /orca-fraud | Pre-Seed | 600000 | 2024-05-01T00:00:00.000Z |

## Related pages

- [All investors](/investors)
- [Funding rounds](/funding)

## Access and citation

- [Canonical HTML page](https://liners.com/investors/first-circle-capital)
- [Markdown route index](/sitemap.md)
- [Agent access guide](/llms.txt)