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 2018, FMO Entrepreneurial Development Bank has backed 12 African startups across 11 disclosed funding rounds totaling $129.2M, most heavily in Kenya and Fintech.
FMO is the Dutch entrepreneurial development bank, a public-private institution founded in 1970 and based in The Hague, Netherlands. Supervised by the Dutch Central Bank, it operates as a bilateral private-sector financial institution with the Dutch government as its majority shareholder at 51%. FMO invests in private sector companies and financial institutions across more than 85 countries to support jobs, income generation, and sustainable prosperity in developing regions. FMO provides long-term financing through loans, equity investments, syndications, and guarantees, targeting key sectors for development such as agribusiness, fintech, and energy. In Africa, it has participated in 9 funding rounds totaling $166.3M from October 2017 to February 2026, focusing on Debt Financing, Series A, Seed, Venture, and other stages. Investments concentrate in fintech (6 rounds), agritech (2), and energy & utilities (1), with geographic emphasis on Egypt (3), South Africa (2), Kenya (2), Morocco (1), and Pan-African (1) companies including Lulalend, Dopay, M-KOPA, Tagaddod, Nile, Yolafresh, and Lendable.
Data updated · Jul 29, 2026
Sign in to see all 12 portfolio products
Free account — full portfolios, timelines, and the weekly funding digest
Sign in to see all 14 rounds
Free account — full portfolios, timelines, and the weekly funding digest
FMO Entrepreneurial Development Bank has backed 12 African startups across 11 disclosed funding rounds tracked on Liners, totaling $129.2M since 2018.
Mostly Series A: 4 of its 11 tracked rounds are at that stage, followed by Series B (3).
FMO Entrepreneurial Development Bank's tracked rounds are concentrated in Kenya (4), South Africa (3), Egypt (3), and 3 more countries.
Its tracked rounds lean toward Fintech (8), Agri Tech (4), Energy & Utilities (1), and 2 more sectors.
FMO Entrepreneurial Development Bank most often shares rounds with Cathay Innovation (2 shared deals), E3 Capital (2 shared deals), Verod-Kepple Africa Ventures (1 shared deal).
FMO is the Dutch entrepreneurial development bank, a public-private institution based in The Hague, Netherlands. It invests in private sector projects across more than 85 countries to enable entrepreneurs and foster inclusive, sustainable prosperity.
FMO has invested in Lulalend (South Africa, fintech), Dopay (Egypt, fintech), M-KOPA (Kenya, fintech), Tagaddod (Egypt, energy), Nile (South Africa, agritech), Yolafresh (Morocco, agritech), and Lendable (Pan-African, fintech).