Enza Capital

Fintech is taking Africa by storm, accounting for at least 37% of VC funding on the continent in 2023. At Enza Capital, we're no different, with 38% of our portfolio companies operating across the fintech landscape - from payments and digital banking to insuretech and asset financing. Take a look at the graphic below for a snapshot of the dynamic fintech innovators we've backed, helping to reshape financial services and drive inclusion. As this thriving sector continues to evolve, we remain committed to supporting the visionary entrepreneurs who are disrupting the status quo and propelling Africa's fintech revolution forward. 🚀 #Fintech #Investing #VentureCapital

If you are in #Nairobi and part of e-commerce Day East Africa, or looking for e-commerce payments solutions, then make sure you find the Peach Payments team next week #kenya #payments #ecommerce

🌟 Huge congratulations to our portfolio company, Turaco! Earlier this week, Turaco made history by becoming the first insurtech in #Kenya to receive an underwriting license, marking a new chapter in making insurance accessible to everyone in the region. This incredible milestone enables Turaco to design and deliver solutions that meet the unique needs of Kenyans. As CEO Ted Pantone shared, "Today marks a major milestone for Turaco in Kenya…we’re pushing innovation even further to ensure more Kenyans can access the insurance they need. No one should have to skip hospital care due to financial constraints." The launch event brought together key figures and supporters, including the GM of M-KOPA Kenya, the Communications Authority of Kenya, the U.S. Embassy to Kenya, the CEO of the Insurance Regulatory Authority, and Hon. Susan Mang'eni, Principal Secretary at the Ministry of Cooperative and MSMEs. Hon. Mang'eni emphasized the transformative power of microinsurance to empower mass market households and small businesses in Kenya. We’re thrilled to support Turaco on this journey as they build a healthier, more resilient future for all Africans. Here’s to many more groundbreaking achievements! #EnzaCapital #Portfolio #Turaco #Insurtech #Microinsurance #Kenya #Innovation #FinancialInclusion

🎉 Celebrating Vula’s Impact: 1.9 Million Vulas and Counting! 🎉 Congratulations to Dr William Mapham MBChB FCOphth and the dedicated team at Vula Mobile, an Enza Capital portfolio company, that is transforming healthcare access across the continent 🩺 A "Vula" occurs every time a health worker uses Vula's app or web portal to contact a specialist for advice, arrange an appointment, make a referral, or organize urgent transport. This seemingly simple action has facilitated 1.9 million life-changing connections since Vula's inception 🤯 From just 367 referrals in their first year back in 2014 to a staggering 376,000 so far in 2024, Vula is on track to reach its 2 millionth Vula very soon. This growth is not just a testament to Vula’s success—it’s a powerful demonstration of their commitment to empowering healthcare workers and ensuring patients get the care they need when they need it most 📈 Here's to many more Vulas, and even more lives touched and improved! 🚀 cc: John Lazar #ImpactInvesting #HealthcareInnovation #EnzaCapital #Vula #TechForGood #HealthWorkers #PatientCare

🌟 Celebrating the impact of Enza Capital portfolio company, Gigmile founded and run by Kayode Adeyinka and an incredibly focused and committed team 🌟 At Enza Capital, we believe in backing founders and teams using technology to make a tangible difference in people's lives, and Gigmile is a shining example of this mission in action 🪴 The work Kayode and his team are doing at Gigmile goes beyond just building a business—they are changing lives and creating opportunities where they are needed most. And of course, they're building a #profitable business and doing this in a sustainable and scalable way 📈 One of Gigmile's drivers recently shared his story, expressing heartfelt gratitude for the chance to join the Gigmile family. His words remind us of the power of meaningful work and the profound impact that access to stable income and opportunity can have on individuals and their families. He wrote: "I nearly ended my life before getting this job, but today, I am smiling again with my wife and kids. You are a divine helper to us all." These are the stories that inspire us to keep pushing boundaries and supporting founders who are using technology to solve real problems. Kayode, your leadership, vision, and dedication are making a world of difference, and we couldn't be prouder to have you in the Enza Capital family 🙌🏽 Here's to Gigmile and all the lives they touch every day 🚀 #ImpactInvesting #VentureCapital #EnzaCapital #TechForGood #ChangingLives #Entrepreneurship

Congratulations to Lauren Dunford and the exceptional Guidewheel team on this milestone 🎉 Enza Capital invested in 2019 out of Fund I to support an early and brilliant team build technology to help drive efficiency in the analog manufacturing space in Africa. Today Guidewheel announces a $31m Series B funding round from investors including BlackRock, Temasek, Greycroft, and Breakthrough Energy ventures 🌍 This funding will enable Guidewheel to take their AI-powered software platform to the next level and takes them one step closer to achieving their mission to help all of the world's factories reach sustainable peak performance 📈 #ai #climate #automation #manufacturing #startup #africatotheworld cc Mike Mompi John Lazar

We are so thrilled to support Women Who Build Africa once again! The #WWBAAssembly is such a high value event for female founders and those looking to invest in them.

We are delighted to announce that Mike Mompi, Managing Partner at Enza Capital, will be speaking at AFSIC - Investing in Africa, 7-9th October 2024. Company Overview: Enza Capital is a multi-stage venture fund backing Founders and Teams using technology to solve large and meaningful problems across Africa. Since launching mid-2019 we have diligently worked with aligned co-investors and a brilliant set of Founders to build an early portfolio with 50 investments across 35 companies into exceptional African businesses across Kenya, Uganda, Nigeria, Ghana, Cote D’Ivoire, Senegal, Egypt, and South Africa. Enza leads and co-leads investments into category-defining technology companies in fintech, logistics, health, human capital, and climate smart sectors across Africa. These companies are organising the offline online, digitising key industries, and improving the way Africans live, earn, work, and do business. Building sustainable commercial solutions across these verticals will lead to meaningful advancement and significant value creation for teams, investors, and stakeholders across Africa. Register NOW to attend AFSIC – Africa’s Investment Event, 7-9th October 2024. London #afsic #afsic2024 #investinginafrica #africaninvestment #africafinance

#StartupSpotlight Craydel is using technology to enable students and young professionals to choose the courses that suit their skills, interests and are aligned with what the continent requires. Founded in 2021 by Manish Sardana, John Nguru and Shayne Aman Premji, they provide a comprehensive platform for students to discover, compare and apply to their best fit higher education options. For young people trying to access information on higher education in Africa and make career choices, the path is fraught with confusion and misinformation. The stats are stark: 46% of youth who enrol in higher education do not believe that they made the right choices, and 40% of graduates end up working in areas outside their field of study. Enza Capital led Craydel’s pre-seed round in 2021. Since then the Company has enabled 500+ students to enrol into higher education and signed up 400+ university partners across 40 destinations. We continue to be great fans of of this fantastic team!

By 2035, African youth entering the job market will outnumber the rest of the world combined. This will either be a demographic dividend or a demographic tsunami, depending on the opportunities available to them. Currently 11m Africans who enter the workforce annually while only 3.7m jobs are created. Venture backed Edtech and Human Capital companies can unlock the potential of this young tech-savvy population to provide global digital services. Our friends at VestedWorld collaborated with Rethink Education to share their reflections on Edtech's ability to alleviate the unemployment crisis in Africa. Have a read by following the link in the comments.