Digital Currency Group

Public data, unclaimed profile

Investisseur référencé à partir d'opérations publiées. Secteurs, pays, instruments et tickets affichés d'après ses opérations ; le fonds peut revendiquer sa fiche pour préciser sa thèse.

At a glance

Based on observed investment behaviour: 3 recorded deals

Investor type: Private equity or venture capital fund (inferred, not verified)
Capital type: Venture capital (inferred from deals)
Observed ticket: 300 k$ – 8.5 M$, median 8.5 M$ (3 disclosed amounts)
Countries: Côte d'Ivoire (1), Nigeria (1), South Africa (1)
Activities: Fintech infrastructure (APIs, open banking, BaaS) (2), Payments and mobile money (1)
Instruments: Equity (2)
Stages: Seed (1), Series A (1)
Recent activity: 0 deal in 12 months, latest Dec 2024

Stated thesis versus observed behaviour

No stated thesis: the comparison is not possible.

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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 inferred from recorded deals: the fund has not stated its thesis yet.

Investment ticket: n/a
Instruments: Equity*
Preferred sectors: Fintech*
Target geographies: South Africa*, Côte d'Ivoire*, Nigeria*
Stages (stated by the fund and from its deals): SeedSeries ASeries BGrowth

Reference deals

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

HUB2

December 2024 · Côte d'Ivoire

Series A8.5 M$EquityFintechCo-Invest

Co-investor alongside TLcom Capital

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

Vehicle : TIDE Africa Fund II

HUB2 provides a unified API enabling neobanks, remittance and payment companies to process mobile money, bank transfers, card and crypto transactions across six Francophone countries.

Why they invested

Leader in payment interoperability across Francophone Africa
Strong TPV growth (€70M in 2022 towards ~€1B targeted in 2024)
Market underserved by Anglophone-focused players

Co-investors Africa Fintech Collective, Axian CVC, Bpifrance (Fonds Averroès / Afrique), ENL Group, Enza Capital, FMO

Source : weetracker.com

TurnStay

July 2024 · South Africa

300 k$FintechCo-Invest

Co-investor alongside DFS Labs

Activity : Payments and mobile money

South African travel-focused fintech, TurnStay.com , has secured over R5.4 million(USD 300 K) funding from Silicon Valley and New York-based investors: DFS Lab and DCG .

Source : weetracker.com

Zone

March 2024 · Nigeria

Seed8.5 M$EquityFintechCo-Invest

Co-investor alongside TLcom Capital

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

Vehicle : TIDE Africa Fund II

Zone operates a blockchain network powering fiat transactions and, eventually, CBDC/crypto payments for Nigerian banks and fintechs.

Why they invested

Redesigning Africa's payment rails via blockchain
First VC round after becoming a standalone business in 2022
Early positioning on decentralized payment rails

Co-investors Alter Global, Endeavor Catalyst, Flourish Ventures, Verod-Kepple Africa Ventures

Source : techpoint.africa

In short

Digital Currency Group invests across the following sectors: Fintech, in the following areas: South Africa, Côte d'Ivoire, and Nigeria. Check in 30 seconds whether your company fits these criteria.

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