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/Investors/Onafriq

Onafriq

onafriq.com ↗
6 investments·5 products on Liners
Onafriq is a pan-African payments company that enables interoperable cross-border and domestic digital payments. It connects businesses to a real-time payments network across Africa, linking over 1 billion mobile wallets and 500 million bank accounts. The company operates with a strong regional presence in 10 offices in Africa, and others in the UK, US, and China. Onafriq has participated as an investor in three seed-stage funding rounds in the fintech sector between April 2021 and September 2022, totaling $11.6 million. Its investments focused on Uganda with two rounds in Numida, which provides unsecured business loans up to UGX 30 million in 24 hours, and Côte d'Ivoire with one round in Julaya, which manages business payments and collections from one account. The company co-invested alongside notable firms including Launch Africa Ventures, Y Combinator, Serena Ventures, and Orange Ventures.

Total Invested

$12.9M

Active Since

May 2020

Latest Investment

Sep 2022

Top Stage

Seed

Onafriq Investment Regions

🇺🇬 Uganda (2)🇿🇦 South Africa (2)🇳🇬 Nigeria (1)🇨🇮 Côte d'Ivoire (1)

Onafriq Investment Sectors

Fintech (6)

Onafriq Investment Timeline

Favicon of NumidaNumidaSeed$7.3MSep 2022
withSoma Capital4Di CapitalBreegaLaunch Africa VenturesSerena Ventures+1 more
Favicon of BaxiBaxiMerger / AcquisitionOct 2021
Favicon of JulayaJulayaSeed$2MJul 2021
with50 PartnersSaviu VenturesLaunch Africa VenturesOrange Ventures
Favicon of NumidaNumidaSeed$2.3MApr 2021
withDraper Richards Kaplan (DRK) FoundationKepple Africa VenturesSegal Family FoundationEquilibrecapital
Favicon of OnafriqOnafriqMerger / AcquisitionJun 2020
Favicon of Inclusivity SolutionsInclusivity SolutionsSeries A$1.3MMay 2020
withGoodwell InvestmentsUW Digital VenturesAllan Gray

Products Backed by Onafriq

Favicon of Numida
Numida🇺🇬
Unsecured business loans up to UGX 30 Million in 24 hours
Fintech
Favicon of Baxi
Baxi🇳🇬
An omichanel platform enabling commerce and digital payments.
Fintech
Favicon of Julaya
Julaya🇨🇮
Manage business payments and collections from one account
Fintech
Favicon of Onafriq
Onafriq🇿🇦
Interoperable payments across Africa via one integration
Fintech
Favicon of Inclusivity Solutions
Inclusivity Solutions🇿🇦
Embedded mobile insurance via open APIs for African partners
Fintech

Investors Similar to Onafriq

Launch Africa Ventures (2)Soma Capital (1)4Di Capital (1)Breega (1)Serena Ventures (1)Y Combinator (1)50 Partners (1)Saviu Ventures (1)

FAQs About Onafriq

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