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FSD Africa

fsdafrica.org β†—
3 investmentsΒ·2 products on Liners
FSD Africa is a specialist development agency based in Nairobi, Kenya, that strengthens Africa's financial systems. Established in 2012 as a non-profit company limited by guarantee in Kenya and funded by UK aid from the UK government, it focuses on market development through policy reform, thought leadership, and capacity building. Its investment arm, FSD Africa Investments (FSDAi), is a UK-backed specialist development finance investor providing early-stage, risk-bearing, catalytic, and patient capital to innovative financial intermediaries and instruments. FSDAi supports early-stage finance in Africa, investing in venture rounds and Series B stages, with a focus on fintech. It has participated in three funding rounds totaling $13.7 million from October 2018 to May 2023, targeting companies in South Africa and Nigeria, including Nithio in Nigeria and Onafriq in South Africa. The firm invests at the frontier of finance to test new models and catalyze capital from others. FSDAi collaborates with development finance institutions, philanthropic organizations, and others to scale impact. Co-investors have included the U.S. International Development Finance Corporation, Hillspire, and Goodwell Investments.

Total Invested

$13.7M

Active Since

Oct 2018

Latest Investment

May 2023

Top Stage

Venture (Round not Specified)

FSD Africa Investment Regions

πŸ‡ΏπŸ‡¦ South Africa (2)πŸ‡³πŸ‡¬ Nigeria (1)

FSD Africa Investment Sectors

Fintech (3)

FSD Africa Investment Timeline

Favicon of NithioNithioVenture (Round not Specified)$3MMay 2023
withU.S. International Development Finance CorporationHillspireShell FoundationElectrification Financing Initiative
Favicon of OnafriqOnafriqVenture (Round not Specified)$1.2MJan 2020
Favicon of OnafriqOnafriqSeries B$9.5MOct 2018
withLUN Partners GroupEquator Capital PartnersGoodwell Investments

Products Backed by FSD Africa

Favicon of Nithio
NithioπŸ‡³πŸ‡¬
Standardized risk analytics for climate and clean energy finance
Fintech
Favicon of Onafriq
OnafriqπŸ‡ΏπŸ‡¦
Interoperable payments across Africa via one integration
Fintech

Investors Similar to FSD Africa

U.S. International Development Finance Corporation (1)Hillspire (1)Shell Foundation (1)Electrification Financing Initiative (1)LUN Partners Group (1)Equator Capital Partners (1)Goodwell Investments (1)

FAQs About FSD Africa

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