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Since 2021, Stellar Development Foundation has backed 11 African startups across 11 disclosed funding rounds totaling $168.2M, most heavily in Kenya and Fintech.
The Stellar Development Foundation (SDF) is a nonprofit organization based in San Francisco. Its mission is to create equitable access to the global financial system through blockchain technology, and it supports the development and growth of the Stellar network. SDF’s recorded Africa investments span seed, other, grant, and Series E rounds. The companies listed are concentrated in fintech, with additional activity in crypto and Web3 and media and entertainment. Nigeria and Kenya account for most of the listed investments, alongside investments in Côte d’Ivoire, Mauritius, and South Africa.
Data updated · Oct 3, 2026
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Stellar Development Foundation has backed 11 African startups across 11 disclosed funding rounds tracked on Liners, totaling $168.2M since 2021.
Mostly Seed: 5 of its 11 tracked rounds are at that stage, followed by Other (3).
Its tracked rounds lean toward Fintech (8), Crypto & Web3 (2), Media & Entertainment (1).
Stellar Development Foundation most often shares rounds with Launch Africa Ventures (2 shared deals), Blockchain Founders Fund (2 shared deals), Vellar Opportunity Fund SPV (1 shared deal).
The listed companies include Yolat, Jia, SurgePay, JoonaPay, Arrel, HoneyCoin, Cedar Money, Kredete, Kotani Pay, Skrmiish, and Tala.
The Stellar Development Foundation is a nonprofit organization based in San Francisco. Its stated mission is to create equitable access to the global financial system through blockchain technology.
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