November 29, 2021
Bopinc and Village Capital launch landmark studies on the potential of circular agribusiness in Ethiopia and Kenya
Bopinc and Village Capital today will launch two landmark studies that explore the untapped potential of circular agribusiness in East Africa to sustainably feed growing populations while contributing to economic growth, job creation and the stimulation of new income-generating opportunities.
The reports Scoping The Potential of Circular Agribusiness assess the current state of circular agribusiness in Ethiopia and Kenya, and identify key opportunities and challenges for circular agribusiness in East Africa’s two largest economies.
August 22, 2018
Leaders from 15 African Tech Hubs Selected for Programme to Spur Early-Stage Deal Flow
(Nairobi, Kenya) - Leaders of 15 incubators, accelerators and seed funds were selected to participate in VilCap Communities Africa, an innovative programme led by Village Capital to accelerate the flow of capital to early-stage companies in sub-Saharan Africa. The programme is supported by the Impact Programme which is funded by the UK Department for International Development (DFID).
June 28, 2018
Village Capital Programme Will Support African Entrepreneur Ecosystem Leaders
(Nairobi, Kenya) - Incubators, accelerators and seed funds in sub-Saharan Africa are encouraged to apply by July 6 for VilCap Communities Africa, a programme to equip entrepreneur ecosystem leaders across sub-Saharan Africa with the tools, resources and connections they need to catalyze impact investment.
The programme’s organizers will select 15 applicants to take part in forums this summer and fall in Lagos, Nairobi and Cape Town, where they will share learnings and best practices. The programme is being run by global venture capital firm Village Capital and the UK Department for International Development (DFID) Impact Programme. A video about the programme has been viewed more than 3,000 times.
March 5, 2018
Announcing the startups in our Fintech Africa 2018 program
Mobile money has transformed sub-Saharan Africa.
Financial technology services like peer-to-peer mobile payments have brought millions of unbanked and underbanked Africans closer to the formal economy.
Still, many challenges and opportunities remain. Roughly six out of ten adults in sub-Saharan Africa lack bank accounts, and many more lack insurance or pensions. New and exciting fintech companies across the subcontinent are trying to fix this, but they face regulatory barriers and infrastructure challenges that prevent their growth and expansion.
Today, we’re announcing a cohort of twelve startups for our Fintech Africa 2018 program, each with an innovative technology or business model that has improved financial health for consumers and businesses alike. Our program, which we are running in collaboration with PayPal, will connect these entrepreneurs with the people, institutions, and capital they need to succeed and expand their impact.
Village Capital’s work is supported by USAID’s U.S. Global Development Lab PACE Initiative, which recognizes that governments and the private sector can work together to solve society’s largest problems.
The following companies are in the 2018 cohort:
Annona (Kenya) is the leading technology platform for managing small scale producers in global supply chains, helping them fulfill contracts and make digital payments.
CredPal (Nigeria) is a technology company that allows consumers to make purchases across various online and offline merchants and pay for it in installments.
Ensibuuko (Uganda) helps cooperative microfinance organizations automate how they manage customer and transaction data using Mobis, a cloud-based software platform.
Finance Life Technologies Limited (Riby Finance) (Nigeria) provides a software that enables cooperatives, associations and trade groups to automate and manage their financial transactions.
FPESA® (Kenya) helps small- and medium-sized Kenyan enterprises that transact foreign exchange discover, negotiate, book and settle foreign currency transactions.
GrassRoots Bima (Kenya) helps customers access insurance services simply and transparently through both online and offline applications.
Mazima Retirement Plan (Uganda) helps Africa’s informal sector save for retirement.
Numida Technologies (Uganda) is building the missing digital products that African small businesses need in order to thrive.
Patasente Inc (Uganda) provides purchase order financing for SMEs in Uganda.
Social Lender (Nigeria) is the leading credit lending solution based on social reputation on mobile, online, and social media platforms.
Tulaa (Kenya and Ghana) is a mobile-based marketplace that helps smallholder farmers in Africa access affordable finance, quality agricultural inputs, and markets.
Youverify (Nigeria) is an API for address and identity verification in Africa.
June 15, 2017
Breaking the Pattern: Getting Digital Financial Services Entrepreneurs to Scale in East Africa and India
Millions of families in East Africa and India lack access to basic financial services. Despite popular perceptions of a mobile money revolution, very few FinTech startups in emerging markets are reaching meaningful scale. Breaking the Pattern examines why the vast majority of these startups in East Africa and India are not receiving the investment they need. The report's key insights include:
May 17, 2017
African startups are stronger together: What we learned hosting our first cross-continental African program
The Village Capital Africa team just just wrapped up our seventh investment-readiness program for early stage ventures in sub-Saharan Africa: FinTech Africa 2017, in partnership with the MasterCard Foundation and the DOEN Foundation.
May 9, 2017
Two Nutrition-Focused Startups Awarded USD$25,000 Total at West Africa Affordable Nutrition Forum
Finer Foods Co and Baby Grubz selected for grant prizes at event organized by The Hershey Company and Village Capital
(ACCRA, GHANA) – Two startups, Ghana-based Finer Foods Co and Nigeria-based Baby Grubz, won $15,000 and $10,000 respectively last week at the Affordable Nutrition Forum presented by Village Capital and The Hershey Company. The forum was a showcase for ten startups from Ghana, Nigeria and Cote d'Ivoire working to make nutrition more affordable and accessible in West Africa.
April 28, 2017
Piggybank.ng and Olivine Technology Receive US$100,000 Investment at Village Capital FinTech Africa 2017 Program
Top financial inclusion startups select investments following three-month investment readiness program
(Lagos, Nigeria) – May 3, 2017 – Two financial inclusion-focused startups, Piggybank.ng and Olivine Technology, were selected by a cohort of seven peer companies to receive US$50,000 each in investment from Village Capital. The selection marks the end of a three-month investment readiness program, Village Capital FinTech Africa 2017, organized in partnership with The MasterCard Foundation and The DOEN Foundation, with platform support from VC4A (Venture Capital for Africa).