FinTech news in firstcheck africa category

Janngo Capital is one of the few female-founded, owned and led venture capital and private equity firms that see a clear investment opportunity in addressing Africa’s gender funding gap by making long-term commitments to back female-founded and female-led startups. So far, Janngo Capital has invested in 11 startups across Africa, including Sabi, a growth-stage B2B e-commerce platform with a female CEO and female-led Ivorian online freight marketplace Jexport while other startups, like fintech Expensya have male founders. After stints at Jumia as its former managing director at its Nigerian office and founding CEO of its Ivorian office, Fatoumata Bâ, a veteran of the African tech space, announced that her firm Janngo Capital was raising a €60 million fund (~$63 million) in 2019. The four-year-old venture capital firm doesn’t invest in only female-founded and female-led teams, though.

TLcom Capital has appointed Eloho Omame as a partner six months after announcing the first close of TIDE Africa Fund II, its $150 million second fund.