Mastercard Foundation

Mastercard Foundation is an independent global foundation based in Toronto, Canada. It is a registered Canadian charity that works with partner organizations primarily in Africa and in Canada to advance education and financial inclusion, with a focus on young people accessing dignified and fulfilling work. In Africa, Mastercard Foundation collaborates with a wide range of partners and programs to create economic opportunities for youth, including support for technology enabled learning and access to essential services. Based on available investment data, the Foundation has backed both grant and Series A funding rounds in African companies, with activity recorded between May 2021 and June 2023. Over this period it supported six rounds focused on EdTech and Health Tech, primarily in Nigeria and Rwanda. The Foundation’s recorded investments in Africa include grants to EdTech companies such as NKENNE, Gradely, Schoola, Schoolinka and Davton LMS, as well as participation in a Series A round for Kasha, a Health Tech company operating in Rwanda. These commitments are consistent with Mastercard Foundation’s broader mission to expand learning pathways, digital skills and access to essential products and services for young people and communities across the continent.