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

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.

🚀 Join Enza Capital: We're Hiring! 🚀 Enza Capital is expanding, and we're on the hunt for two exceptional individuals to join our mission of finding, backing, and helping to build tech companies solving large and meaningful problems across Africa! 🌍 🔍 Investment Principal - Location: Flexible (Nairobi, Lagos, Dakar, Cape Town) - Role: Originate and lead investments from end-to-end, support portfolio, and build strategic relationships across Africa. - Requirements: 6+ years in venture capital, private equity, or similar fields with a strong analytical and leadership background. 🔍 Chief of Staff - Location: Flexible (Nairobi, Lagos, Dakar, Cape Town) - Role: Support day-to-day operations, special projects, and investment analysis. Be the strategic partner to our Managing Partner. - Requirements: 3+ years in management consulting, venture capital, or a related field, with excellent organizational and strategic skills. Why Enza Capital? - Mission: Backing founders and teams building Africa's future. - Flexibility: Work from key African markets with travel opportunities. - Growth: Steep learning curve with broad growth opportunities. - Culture: Positive, ambitious, fun, dynamic, impactful, and growth-oriented. Benefits: Competitive $USD salary + bonus + carry Health insurance, pension, remote working allowance, and more How to Apply: Investment Principal: Apply https://lnkd.in/eNFSjdyM Chief of Staff: Apply https://lnkd.in/eB-VxGnN Join us in shaping Africa's tech future! #Hiring #InvestmentPrincipal #ChiefOfStaff #VentureCapital #TechInnovation #EnzaCapital #Growth #Impact

#StartupSpotlight 💡 Gigmile is building an end-to-end solution to democratize access to financial services for gig-workers in the mobility sector. Founded in 2021 by Kayode Adeyinka and Samuel Esiri, Gigmile enables asset ownership by offering financing for motorcycles, three-wheelers, and other mobility assets through affordable loan products tailored to the unique needs of gig-workers. However, they go far beyond asset financing. The company takes a holistic approach to improving the productivity and livelihoods of gig-workers in the mobility space. Its suite of services includes assistance obtaining vehicle licenses and permits, providing access to vehicle insurance and health insurance plans, and facilitating connections to in-demand gig work opportunities through partnerships with digital platforms such as Jumia and Glovo. Supporting 2000+ gig workers, Gigmile is the largest vehicle subscription service for two-wheelers and three-wheelers in Lagos. Enza Capital backed Kayode and Sam at the very start of Gigmile’s journey and it’s been a thrill to watch these dedicated founders build a business that keeps gig-workers financial needs at the core. 🏍 🚀

We believe that reducing friction in Africa's mobility and logistics infrastructure is crucial for driving economic development across the continent. We're excited to back innovative startups that are disrupting and transforming this critical sector. Companies like Paps and Sendbox are revolutionizing last-mile delivery and fulfilment through tech-enabled solutions. Emerging players like Cloudline are pioneering cutting-edge technologies to optimize supply chains and logistics operations. We're proud to support the founders and teams behind these game-changing innovations. Their drive and vision are paving the way for a future of seamless mobility that will catalyze development across the region.

Happy new month! Allow us to introduce ourselves... Listen to Mike Mompi give an overview of Enza and what we invest in.