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, Goldman Sachs has backed 1 African startup across 4 disclosed funding rounds totaling $214M, most heavily in South Africa and Fintech.
Goldman Sachs is a leading global investment banking, securities, and investment management firm headquartered in New York. As a major financial services institution, the firm operates across multiple business lines including wealth management, asset management, and corporate finance. Goldman Sachs has demonstrated significant investment activity in Africa, particularly in the fintech sector. Between September 2018 and February 2020, the firm invested $159 million across three funding rounds, all focused on South African fintech companies. The firm's primary investment during this period was in JUMO, a mobile financial services platform providing plug-and-play infrastructure for credit and savings products. Goldman Sachs participated in JUMO's Series B round in September 2018 and subsequent funding rounds, working alongside co-investors including LeapFrog Investments, Proparco, and Finnfund. This concentrated investment strategy reflects the firm's strategic focus on emerging market fintech opportunities in Southern Africa.
Data updated · Jul 29, 2026
Goldman Sachs has backed 1 African startup across 4 disclosed funding rounds tracked on Liners, totaling $214M since 2018.
Mostly Series C: 1 of its 4 tracked rounds are at that stage, followed by Venture (Round not Specified) (1).
Goldman Sachs's tracked rounds are concentrated in South Africa (4).
Its tracked rounds lean toward Fintech (4).
Goldman Sachs most often shares rounds with LeapFrog Investments (4 shared deals), Odey Asset Management (3 shared deals), Vostok Emerging Finance (2 shared deals).
Goldman Sachs invested in JUMO, a South African fintech company that provides plug-and-play infrastructure for mobile credit and savings products. The firm led multiple funding rounds in JUMO between September 2018 and February 2020, demonstrating its commitment to the company's growth and expansion.
Goldman Sachs has collaborated with several prominent development finance institutions and impact investors in Africa, including LeapFrog Investments, Proparco, Finnfund, and Odey Asset Management. These partnerships reflect the firm's approach to co-investing in emerging market opportunities alongside specialized impact and development finance partners.
