🦊/Investors

Velocity Digital

Venture capital

Lagos · Pre-Seed–Seed · 5 people tracked

Find your way into Velocity Digital

1,305 people in our graph share verified history with the Velocity Digital team — schools, employers, funds. One of them is your warm intro.

Costanza Cariniunlockedknows Ona Aliakai · together at Loughborough University (overlapped)
×7knows the team · via Y Combinator
×2knows the team · via Loughborough University
knows the team · via U.S. Department of State
knows the team · via The Washington Post
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Investment thesis

Velocity Digital invests early in African startups building the future of trade, work, and payments. The firm views trade as a core engine of economic growth and funds platforms that connect producers to markets while removing barriers to economic mobility. It backs founders at the earliest stages, offering capital, mentorship, and a network designed to help companies scale across Africa and internationally. The fund emphasizes a fast, streamlined process, promising founders a clear decision within seven days rather than weeks.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Seed
HQ
Lagos, NG
Instruments
Equity
Last 12 months
1 investment
Tracked investments
78
Acquisitions
1

Team · 5 people

from the firm's website
Michael Serwadda· Managing Partnerin

What they invest in

from 50 of 78 portfolio companies

Fintech ×20SaaS ×16AI & Machine Learning ×10Data & Infrastructure ×7Enterprise Software ×7Marketplaces ×6Creator Economy ×5Developer Tools ×5

HQs:Nigeria×18United States×7Kenya×2Ghana×1Netherlands×1Rwanda×1

Who they back

founder profiles across 18 portfolio companies
39%
solo founders
7 of 18 mapped founding teams
50%
repeat founders
of 28 founders with career history

Founding team size:solo founder×72 founders×73 founders×34+ founders×1

Where their founders studiedfrom 28 founders with education data

Obafemi Awolowo University ×6Draper University ×4Daystar University ×2Nnamdi Azikiwe University ×2Strathmore University ×2University of Lagos ×2

What their founders studiedfrom 24 founders with field-of-study data

Computer Science ×9Engineering ×7Business & Management ×6Finance & Accounting ×3

Where their founders worked beforefrom 28 founders with career history

Genos Ltd ×2LvlUp Ventures ×2Paystack ×2

Accelerator rootsportfolio companies that came through a program

Techstars ×8Y Combinator ×8

1 founders hold a PhD · 4 hold an MBA (of 28 with degree data)

Investments · 78 tracked

founders shown can be your intro path

By year:2026 · 12025 · 12022 · 12021 · 14 dated

B54b54.co

Lanre Oyedotun(Founder)in

Co-investorsAtlantica VenturesCapria VenturesLateral Capital

Bankwisebankwise.africa𝕏
BitPowr Technologiesbitpowr.comin𝕏

Bitpowr provides digital asset custody and wallet infrastructure, offering APIs and developer tools for institutions and developers to create and manage secure wallets across 15 blockchains and over 2000 assets.

Crypto & Web3Data & InfrastructureFintech

Amarachi AmaechiinOyetoke TobilobaToby Oyetoke(Founder)in

Co-investors500 Global

Book Your Meetingfillout.comin𝕏

Fillout is a platform for building forms, surveys, and quizzes that also connects to other business tools to automate and scale data-collection workflows.

Data & InfrastructureDeveloper ToolsEnterprise SoftwareSaaS

Co-investors1818 Venture CapitalBonfire VenturesEdmonton UnlimitedForum VenturesGLOCAL LatamMandalay Venture Partners+5 more

Bridgecardbridgecard.cardsin𝕏May 2022 · $440KDefunct

Bridgecard provides APIs and infrastructure that enable fintech companies to issue Mastercard and Visa cards, both virtual and physical, with support for deployments across Africa and globally.

FintechLagos, NG

Tunde Adewole(Founder)inFestus Owumi(Founder)in

Co-investorsY CombinatorBerrywood CapitalVoltron Capital

Catlogcatlog.shopin𝕏

Catlog provides a platform that enables small businesses in Africa to manage social commerce operations, including online catalogs, customer communications, payments, deliveries, and business tracking through WhatsApp and other social channels.

AI & Machine LearningE-commerceFintechMarketing TechMarketplacesSaaSLagos, NG

Co-investorsTechstarsVentures PlatformDFS Lab

CDCAREcdcare.ngin𝕏

CDcare is a Nigerian installment payment platform enabling consumers to purchase goods across multiple categories—including gadgets, home appliances, and vehicles—by paying in interest-free installments at regular market prices.

B2B MarketplacesConsumerE-commerceFintechLagos, NG

Odukoya Oluwatobi(Founder and Chief Executive Officer)inFarohun Ayodeji(Co-founder and Chief Operation Officer)in

Co-investorsTechstars

Chowdeckchowdeck.comin𝕏Jul 2025

Chowdeck is a food delivery platform in Africa that connects customers with restaurants and delivery riders.

B2B MarketplacesConsumerFoodTechLogistics & Supply ChainMarketplacesLA, NG

Femi Aluko(Founder)inOlumide Ojo(Founder)inLanre Yusuf(Founder)in

BoardBrian Waswani Odhiambo(Director)in

Co-investorsBrighter CapitalGFR FundHoaQNovastar VenturesPalm Drive CapitalRocketship.vc+1 more

Cynogroupcynogroup.comin

A ghostwriting and content writing services company serving businesses, brands, and individuals across various industries.

B2B MarketplacesCreator EconomyMarketing TechMedia & Entertainment

Daabogetdaabo.com

Daabo is an operating system for insurance that includes a no-code product builder, agent network management, lead campaigns, policy administration, and client support.

AI & Machine LearningFintechInsurTechSaaSAccra, GH

Fenrismediafenrismedia.co

Fenris Media develops technology solutions for African businesses, including digital payments and content distribution infrastructure.

Creator EconomyFintechMedia & Entertainment

FIGORRfigorr.comin

Figorr provides cold chain management tools for businesses handling temperature-sensitive goods, including real-time monitoring of temperature, humidity, and location, inventory management software, and cold room and cold truck rentals.

InsurTechIoTLogistics & Supply Chain

Co-investorsAtlantica VenturesCapria VenturesVestedWorldKatapult Africa

Fingo Africafingo.africaAcquired

Fingo is a digital bank offering mobile banking services to young Africans, enabling account opening in under 5 minutes with free peer-to-peer transactions, savings, and financial education.

FintechNairobi, KE

Kiiru Muhoya(Co-Founder & CEO)inIan Njuguna(Co-Founder & CTO)inGitari Tirima(Co-founder & Co-CPO)inJames da Costa(Co-founder & COO)inJudith BogonkoinPol Masin

Co-investorsY CombinatorFjor FoundersMyAsiaVCNairobi Business Angel NetworkOUTBOUND CAPITALSprint Vc+1 more

FusePayfusepay.appin𝕏Aug 2026

Fusepay builds software and payments tools for trade businesses, including Fuse360, a wholesale operating system for managing orders, inventory, invoices, and collections, and FusePay, a payments platform for sending, receiving, and tracking business payments via bank transfers and post-dated eCheques.

AI & Machine LearningFintechSaaSVictoria, SC

Vidhyasahar(Co-founder)Francesco(Co-founder)

Co-investorsEverywhere VenturesFirst Check VenturesHustle Fund

GLYCANAGE Biological age testingglycanage.comin

GlycanAge offers glycan-based biological age testing and insights to help individuals understand their health and aging rate through advanced diagnostics.

BiotechDeep TechDigital HealthHealthtechLongevity

Gordan Lauc(CSO, Co-Founder)inNikolina Lauc(CEO, Co-Founder)inFilip Lauc(CTO, Co-Founder)in

Co-investorsExceptional VenturesImpetus CapitalSouth Central VenturesVesna AdvisorsLAUNCHub Ventures

Gokadagokada.ngin𝕏

Gokada operates a last-mile package delivery service in Nigeria, using a network of trained drivers ("pilots") to move parcels for customers, with pricing charged per delivery rather than per parcel.

Logistics & Supply ChainMarketplacesMobility & TransportationHopewell Jct., US

Fahim Saleh(Executive Officer, Director)

Co-investorsRise Capital

Gradientfigradientfi.comin𝕏

Gradient Finance builds programmable financial infrastructure for marketplaces, offering embedded finance and cross-border payment tools that handle multiple currencies including cash, stablecoins, crypto, and NFTs.

Crypto & Web3FintechMarketplaces

Groupifygroupify.co𝕏

Groupify is a platform for creating and managing paid communities on WhatsApp and Telegram, handling group invites, member management, and payment collection.

Creator EconomyFintechSaaS

Kidatokidato.com𝕏

Kidato operates online classes for K-12 students in Africa with lower student-teacher ratios than traditional public schools, charging significantly less than private institutions while delivering internationally-benchmarked curricula.

EdTechNairobi, KE

Sam Gichuru(Founder)in

Co-investorsY CombinatorGraph Ventures

Klastryklas.comin𝕏

Klas is an online teaching platform launched in 2022 that enables users to teach and deliver educational content over the internet.

Creator EconomyEdTechSaaSLagos, NG

Co-investorsHoaQIngressive CapitalTechstars

Logisticshublogisticshub.ngin

LogisticsHub provides a delivery management platform for businesses to schedule deliveries, access a network of riders, and track shipments in real time.

Logistics & Supply ChainMobility & TransportationSaaS

Co-investorsDFS Lab

Loomoloomo.africa

The page promotes "SX88", an online gambling and betting platform offering casino, sports betting, lottery, cockfighting, fish shooting, card games, and slots.

Gaming

Midenmiden.coin𝕏

Miden builds modern payments infrastructure for businesses across Africa and beyond, offering compliant cross-border money movement and embedded banking solutions.

Data & InfrastructureFintechIkeja, NG

Okiemute Avworhokai(Founder)inIni Udoh(Founder)in

Co-investorsY CombinatorHack VC1kxa16z cryptoAndreessen HorowitzSymbolic Capital

Mustardinsightsmustardinsights.comin𝕏

Mustard Insights collects and analyzes African economic and sectoral data to deliver actionable intelligence to businesses, investors, researchers, and policymakers.

Data & InfrastructureMedia & EntertainmentSector Agnostic

Nestworknestwork.io𝕏

Xoilac TV is a Vietnamese-language website that streams live football matches from major leagues such as the Premier League, La Liga, Serie A, and Champions League, plus regional competitions.

Media & Entertainment

Nguvuhealthnguvuhealth.com

Nguvu Health provides affordable therapy services delivered digitally through its platform.

Digital HealthMental HealthWellness & Fitness

Octamileoctamile.comin𝕏

Octamile provides embedded insurance APIs that enable non-insurance companies, including ecommerce platforms, fintech apps, and logistics services in Africa, to bundle customizable insurance solutions into their products and services.

FintechInsurTechSaaSLagos, NG

Co-investorsFirst CircleEchoVCEchoVC PartnersFiat Ventures

Onspaceonspace.ai𝕏

OnSpace is a no-code AI app builder that lets users create mobile and web applications with a managed backend (database, authentication, edge functions, logs) and built-in Stripe payment integration.

AI & Machine LearningCreator EconomyDeveloper Tools

Oystr Financeoystrfinance.comin

Data & InfrastructureFintechLekki, NG

Co-investorsTechstars

Prembly (formerly Identitypass)prembly.comin𝕏

Prembly provides an API that enables digital businesses to verify the identities of individuals and companies across emerging market regions.

Data & InfrastructureEnterprise SoftwareLagos, NG

Lanre Ogungbe(Founder)inNiyi Adegboye(Founder)in

Co-investorsMaC Venture CapitalTofino CapitalY Combinator

Raydarayda.coin𝕏

Rayda provides end-to-end device procurement, deployment, management, and lifecycle services for IT teams managing distributed workforces globally.

Developer ToolsEnterprise SoftwareFuture of WorkHR TechLewes, US

Co-investorsBeta.VenturesHoaQMicrotractionTechstars

Rd8Labsrd8labs.com

RD8 Labs manufactures a gel-cream skincare product formulated with hyaluronic acid and natural plant extracts for hydration and anti-aging benefits.

ConsumerDirect to ConsumerHealthtechWellness & Fitness

Rechajrechaj.co

Rechaj retrofits petrol tricycles (kekes) into electric vehicles and provides a daily battery-swap service, letting drivers replace fuel with a flat daily fee while using the batteries to power their homes at night.

CleantechEnergyMobility & TransportationLagos, NG

Revwitrevwit.comin

Revwit is a B2B Sales CRM designed for startups and service-based companies that combines sales management software with expert advisory services.

Enterprise SoftwareSaaSSales Tech

Co-investorsAjim Capital

Rivyrivy.coin𝕏

Rivy provides financing for solar energy systems to homeowners, businesses, and solar retailers in Nigeria, enabling affordable access to clean energy through fast approvals and flexible repayment terms.

CleantechClimate TechEnergyFintechMobility & TransportationNigeria, NG

Dami Olawoye(Chief Executive Officer)inChioma Okotcha-Faloughi(Chief Operating Officer)

Co-investorsMercy Corps VenturesTen13Ventures PlatformAll OnDFS LabEchoVC

Sendchampsendchamp.comin𝕏Dec 2021

Sendchamp provides a messaging platform that enables businesses to communicate with customers across multiple channels.

Developer ToolsEnterprise SoftwareMarketing TechSaaS

Sidebriefsidebrief.comin𝕏

Sidebrief is a platform that enables business incorporation and compliance management across African markets, offering company registration, tax filing, licenses, and ongoing regulatory support.

Enterprise SoftwareGovTechLegalTechMiddletown, US

Abdulwaheed Yusuf(Founder)in

Co-investorsTechstarsThe Baobab Network

SixAIsixai.techin𝕏

SIXAI is a system integration company that embeds advanced technologies and artificial intelligence into legacy industrial sectors.

Advanced ManufacturingAI & Machine LearningDeep Tech

Co-investorsSIBF (Southern Israel Bridging Fund) VC

Sixhqsixhq.ai𝕏

SixHQ develops AI-powered research and analysis tools.

AI & Machine LearningData & Infrastructure

MichaelBenjaminSukhpal

Sproutlysproutly.africain𝕏

Sproutly Africa provides financial services for schools and families, including tuition installment payments with credit options, school funding tools, and laptop financing for teachers.

EdTechFintech

Stacsstacs.co

Fintech and blockchain company digitizing and automating financial processes for institutions and enterprises.

Stewardtechnologiesstewardtechnologies.com

AIChef is a mobile application that assists users with meal planning, recipe discovery, and shopping list generation based on available ingredients.

AI & Machine LearningConsumerDeveloper ToolsSaaS

TalentQLtalentql.comin𝕏

TalentQL operates a group of technology brands that connect global businesses with vetted talent through recruitment, team outsourcing, and education, along with a payment service (TalentPay) for paying contractors across Africa.

EdTechFuture of WorkHR TechRound Rock, US

Co-investorsAjim CapitalLoftyInc CapitalTechstarsZedcrest Capital

Talstacktalstack.comin𝕏

Talstack is a people management platform that helps teams track learning, performance, and workforce engagement.

EdTechFuture of WorkHR TechSaaS

Seni Sulyman(CEO & Co-Founder)Kayode Oyewole(COO & Co-Founder)

Co-investorsTLcom CapitalVentures Platform

Terra Industriesterraindustries.coin𝕏

Terra Industries designs and manufactures autonomous drone and robotics systems, including surveillance UAVs, ground vehicles, and AI-powered security infrastructure, primarily for protecting critical infrastructure across African nations.

AI & Machine LearningHardwareRobotics

Co-investors8VCBelief CapitalLux CapitalRibbit CapitalSilent VenturesTofino Capital+1 more

The Abokitheaboki.africain

Digital platform providing real-time financial information such as exchange rates and market data.

Timonusetimon.comin𝕏

Timon is a travel payments technology company offering virtual and physical Visa cards, global wallets, money transfers, and international eSIM connectivity for travelers.

FintechTravel & HospitalityDover, US

Co-investorsMicrotraction

Tribapaytribapay.comin𝕏

Tribapay is a mobile financial services platform that enables users to send money locally, pay bills globally, receive funds, and save money.

AI & Machine LearningFintechSaaS

Bolu Oluwagbesan(Founder)in

Trovetrovefinance.comin𝕏

Trove is an investing platform that enables fractional stock investing and provides automated portfolio recommendations tailored to individual risk profiles.

FintechMarketplacesSaaSWilmington, US

Oluwatomi Solanke(Founder)in

Co-investorsTechstarsKhosla VenturesMenlo Ventures

Vc4Avc4a.comin𝕏

VC4A is a pan-African venture capital platform and acceleration network that supports game-changing startups through mentorship, online courses, investor connections, and dedicated community programs across Africa and Latin America.

B2B MarketplacesFuture of WorkImpact & Social GoodSector AgnosticAmsterdam, NL

Ben Weselow(Founder & Community Evangelist)

Co-investorsCapaci.TechRising Tide Africa (RTA)

Vendymyvendy.comin𝕏

Vendy provides payment infrastructure that enables businesses to sell through social messaging and communication platforms.

E-commerceFintechMarketplacesSaaSSocialLagos, NG

Kayode Disu(Founder)in

Co-investorsY Combinator

Warwandawarwanda.comin𝕏

A social enterprise providing clean water infrastructure and access services across East and Central Africa, serving individuals, schools, businesses, and farms through reliable water points.

CleantechEnergyImpact & Social GoodKigali, RW

Wazawaza.coin𝕏

Waza provides a B2B global payments platform for emerging market businesses in Africa, LATAM, Asia, and the Middle East to send and receive cross-border payments.

FintechLagos, NG

Maxwell Obi(Founder)inEmmanuel Igbodudu(Founder)in

Co-investorsDunbar CapitalFlucas VenturesKube VCOlive Tree CapitalY Combinator

Zerocomplexzerocomplex.aiin𝕏

ZeroComplex AI builds intelligent AI agents that automate workflows across operations, customer support, sales, and compliance for businesses.

AI & Machine LearningEnterprise SoftwareSaaS

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

AfricaArcherArcherprotectBabyboomafricaBrijdatingEarnaGetflickGripInfuissJompstartMainstackMiaplenouNipplyeatsPropelSiovalleySpottrStaarmTerraHaptixTerrainindustriesTrygripUsetunnelUzurikyWhipmusicafricaZeedas

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Velocity Digital made?
Velocity Digital has 78 tracked investments, 1 of which have exited, including 2 dated in the last 24 months.
What stage does Velocity Digital invest at?
Velocity Digital invests at the Pre-Seed, Seed stages.
What sectors does Velocity Digital focus on?
Velocity Digital focuses on B2B Marketplaces, Fintech, Future of Work, Marketplaces, Sector Agnostic.
Where is Velocity Digital located?
Velocity Digital is headquartered in Lagos, NG.
Who does Velocity Digital co-invest with?
Velocity Digital most often shares deals with Techstars, Y Combinator, HoaQ, among 57 tracked co-investors.

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