Convergence Partners

Public data, unclaimed profile

Fund manager (General Partner), AVCA member, technology and telecoms in Africa. Assets under management: ≈ USD 500m.

At a glance

Based on observed investment behaviour: 5 recorded deals

Investor type: Private equity or venture capital fund (inferred, not verified)
Capital type: Private equity (inferred from deals)
Observed ticket: 20 M$ – 100 M$, median 25 M$ (3 disclosed amounts); Stated ticket : 10 M$ – 50 M$
Countries: Ghana (1), Malawi (1), Nigeria (1)
Activities: Telecom towers and fibre (2), Fintech infrastructure (APIs, open banking, BaaS) (1), Martech and communications platforms (1)
Instruments: Equity (5)
Stages: Growth (4), Series C+ (1)
Recent activity: 1 deal in 12 months, latest Aug 2026

Stated thesis versus observed behaviour

Sectors: 40% of its deals within its stated thesis
Countries: 40% of its deals within its stated thesis
Ticket: 67% of its deals within its stated thesis

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Describe your need: the target list shows, for each source of capital, why it fits and which deals prove it.

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Investment thesis

Criteria published by the fund, recorded and checked by Invest Matching.

Investment ticket: 10 M$ – 50 M$
Instruments: Equity
Preferred sectors: Infrastructure (all), SaaS, Fintech, Water & environment*, Real estate*, Telecoms & digital infrastructure*, Transport & civil engineering*, Financial services*
Target geographies: Nigeria, Kenya, Ghana, South Africa*, Malawi*, Uganda*
Stages (stated by the fund and from its deals): Series C+Growth
Website: https://www.convergencepartners.com/about

Reference deals

Recent public deals: they say better than a thesis what the fund actually signs.

Yellow

August 2026 · Malawi

Series C+Undisclosed amountEquityFinancial servicesLead

Activity : Vehicle and productive-asset finance

Vehicle : Convergence Partners Digital Infrastructure Fund

African digital financial services and asset-financing platform serving underserved African markets.

Source : convergencepartners.comN1 · Primary source

CSquared

November 2023 · Uganda

Growth25 M$EquityTelecoms & digital infrastructureCo-Invest

Activity : Telecom towers and fibre

Instrument : New equity investment; first tranche of a broader US$65 million investment programme · Vehicle : Convergence Partners Digital Infrastructure Fund

Pan-African open-access broadband infrastructure operator developing metropolitan and long-distance fibre networks across sub-Saharan Africa.

Why they invested

Funding fibre network expansion.
Developing open-access digital infrastructure in Africa.
Improving internet penetration and affordability in sub-Saharan Africa.

Advisers

FTI Capital Advisors DIFC Limited — conseil financier, company side

Co-investors IDA Private Sector Window Blended Finance Facility, IFC (International Finance Corporation)

Source : convergencepartners.comN1 · Primary source

CSquared

November 2017 · Ghana

Growth100 M$EquityTelecoms & digital infrastructureCo-Invest

Activity : Telecom towers and fibre

Instrument : Investment of up to $100 million · Vehicle : Convergence Partners Communications Infrastructure Fund

Open-access broadband infrastructure operator with fibre networks in Ghana, Uganda and other sub-Saharan African markets.

Why they invested

Deployment of metropolitan fibre networks.
Accelerating access to affordable broadband connectivity.
Developing the sub-Saharan digital economy.

Co-investors Google Africa Investment Fund, IFC (International Finance Corporation), Mitsui & Co., Ltd.

Source : convergencepartners.comN1 · Primary source

inQuba

March 2016 · South Africa

GrowthUndisclosed amountEquitySaaSLead

Activity : Martech and communications platforms

Instrument : New equity injection; significant minority interest · Vehicle : Convergence Partners Fund I

Customer-experience software company using a proprietary platform to collect and analyse structured and unstructured data in real time.

Why they invested

Accelerating the international expansion of a software company.
Exposure to software and ICT services.
Taking a significant minority interest.

Source : convergencepartners.comN1 · Primary source

Venture Garden Nigeria

August 2015 · Nigeria

Growth20 M$EquityFintechCo-Invest

Activity : Fintech infrastructure (APIs, open banking, BaaS)

Instrument : Strategic minority stake · Vehicle : Convergence Partners Communications Infrastructure Fund

Fintech group providing data-driven reconciliation and payment-processing platforms across multiple industry verticals.

Why they invested

Development of ICT and fintech infrastructure in West Africa.
Improving access to technology and broadband services.
Exposure to high-growth payment and data-processing platforms.

Source : convergencepartners.comN1 · Primary source

In short

Convergence Partners invests tickets ranging from 10 M$ to 50 M$, across the following sectors: Infrastructure (all), SaaS, Fintech, Water & environment, Real estate, Telecoms & digital infrastructure, Transport & civil engineering, and Financial services, in the following areas: Nigeria, Kenya, Ghana, South Africa, Malawi, and Uganda. Check in 30 seconds whether your company fits these criteria.

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