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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.

Investment thesis

Investment ticket
— – —
Instruments
Equity*
Preferred sectors
Fintech*
Target geographies
South Africa*, Côte d'Ivoire*, Nigeria*

* added from its deals

Stages (stated by the fund and from its deals)
SeedSeries A

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.