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Since 2020, SBI Investment has backed 3 African startups across 4 disclosed funding rounds totaling $120M, most heavily in Nigeria and Fintech.
SBI Investment is a venture capital firm that participated in four funding rounds in Africa between November 2020 and March 2022, with a total investment of $120.0M. The firm invested at Seed, Series A, and Series B stages, primarily focusing on **fintech** (three investments) and **agri tech** (one investment). Its geographic preferences centered on Nigeria (three investments) and Kenya (one investment). Key companies backed include Kuda (Nigeria, fintech, Seed $10.0M in Nov 2020 and Series B $55.0M in Aug 2021), Mono (Nigeria, fintech, Series A $15.0M in Oct 2021), and Apollo Agriculture (Kenya, agri tech, Series B $40.0M in Mar 2022).
Data updated · Mar 27, 2026
SBI Investment has backed 3 African startups across 4 disclosed funding rounds tracked on Liners, totaling $120M since 2020.
Mostly Series B: 2 of its 4 tracked rounds are at that stage, followed by Series A (1).
SBI Investment most often shares rounds with Target Global (3 shared deals), Entrée Capital (2 shared deals), Anthemis Group (1 shared deal).
SBI Investment backed Kuda and Mono in Nigeria, and Apollo Agriculture in Kenya. These investments spanned fintech and agri tech sectors across Seed, Series A, and Series B rounds.