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Enza Capital

Public data, unclaimed profile

Fund manager (General Partner), AVCA member, venture capital in East Africa. Assets under management: ≈ USD 58m.

At a glance

Based on observed investment behaviour: 13 recorded deals

Investor type
Private equity or venture capital fund (inferred, not verified)
Capital type
Venture capital (inferred from deals)
Observed ticket
2 M$ – 21 M$, median 8.3 M$ (12 disclosed amounts)
Stated ticket : 500 k$ – 5 M$
Countries
Nigeria (5), Côte d'Ivoire (4), South Africa (2)
Activities
Neobank and digital banking (3), Payments and mobile money (2), B2B e-commerce (1)
Instruments
Equity (12)
Stages
Seed (7), Series A (3), Pre-Seed (1)
Recent activity
4 deals in 12 months, latest Jun 2026

Stated thesis versus observed behaviour

  • Sectors: 69% of its deals within its stated thesis
  • Countries: 46% of its deals within its stated thesis
  • Ticket: 42% 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
500 k$ – 21 M$*
Instruments
Equity
Preferred sectors
Logistics, Fintech, Digital health, SaaS, E-commerce*, Edtech*, Financial services*
Target geographies
Kenya, Nigeria, Uganda, South Africa*, Côte d'Ivoire*, Ghana*

* added from its deals

Stages (stated by the fund and from its deals)
Pre-SeedSeedSeries ASeries B

Reference deals

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

AethexAI

June 2026 · Nigeria
Pre-Seed3 M$EquitySaaSCo-Invest

Activity : Data and AI

Voice AI infrastructure company building customer-support automation for emerging markets, including Africa.

Why they invested

  • Build voice AI infrastructure for Africa and the Middle East
  • Automate enterprise customer interactions
  • Deploy voice models at scale across emerging markets

Co-investors 26 Fund, 4DX Ventures, Dorm Room Fund, Mojo Ventures, Stanford GSB ’26 Fund

Source : tech.eu

Orca Fraud

March 2026 · South Africa
Seed2.35 M$EquityFintechCo-Invest

Activity : Regtech, identity and fraud prevention

Fintech company providing real-time transaction monitoring and fraud intelligence for emerging markets.

Why they invested

  • Secure financial transactions across Africa
  • Address the specific needs of African mobile-first payment ecosystems
  • Build scalable fraud-prevention infrastructure

Co-investors CV VC Africa, Norrsken22, OneDayYes

Source : techcabal.com

Tuteria

January 2026 · Nigeria
Seed2.6 M$EquityEdtechLead

Activity : Tutoring and school support

Instrument : US$2.6m raise with Enza Capital and Chui Ventures

Tutoring marketplace in Lagos.

Co-investors Chui Ventures

Source : nairametrics.comN2 · Cross-checked (2+ outlets) · Other sources : Nairametrics

Gigmile

December 2025 · Nigeria
Seed21 M$EquityFinancial servicesLead

Activity : Vehicle and productive-asset finance

Gigmile, the mobility financing startup enabling gig workers across Nigeria and Ghana to own income-generating vehicles, has closed a seed round led by ENZA Capital.

Co-investors Norrsken22, Seedstars International Ventures

Source : weetracker.com

TurnStay

August 2025 · South Africa
Seed2 M$EquityFintechCo-Invest

Co-investor alongside TLcom Capital

Activity : Payments and mobile money

Vehicle : TAPSI (TIDE Africa Pre-Seed Investments)

TurnStay is a South African fintech payment platform dedicated to the travel sector.

Why they invested

  • Marks 50% deployment of TLcom's $5M TAPSI pre-seed fund
  • TLcom's geographic diversification into Southern Africa

Co-investors CVVC, Equitable Ventures, First Circle Capital, Incisive Ventures

Source : hapakenya.com

Djamo

April 2025 · Côte d'Ivoire
Series B17 M$EquityFintechCo-Invest

Co-investor alongside Janngo Capital

Activity : Neobank and digital banking

Vehicle : Janngo Capital Startup Fund

Djamo is an Ivorian neobank with over one million users across Francophone Africa, offering digital accounts, cards and savings products.

Why they invested

  • Valuation doubled since the 2022 Series A
  • Over 1 million users and strong traction across Francophone Africa
  • Planned expansion of financial services across Francophone West Africa
  • Largest VC round ever raised in Côte d'Ivoire

Co-investors Oikocredit, Partech Africa, SANAD Fund for MSMEs, SANAD Fund for MSMEs, Y Combinator

Source : techcrunch.com

Affinity Africa

February 2025 · Ghana
Seed8 M$EquityFintechCo-Invest

Activity : Neobank and digital banking

Digital banking platform serving individuals and micro, small and medium-sized enterprises, operating in Ghana.

Why they invested

  • Expand access to affordable financial services
  • Serve underserved and unbanked populations
  • Use a branchless model combining an app and agent network

Co-investors Attijariwafa Ventures, BACKED VC, Eldon Capital, Finca International, Grazia Equity, Impact Assets, Renew Capital

Source : avca.africa

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), Digital Currency Group, ENL Group, FMO

Source : weetracker.com

Hub2

July 2024 · Côte d'Ivoire
Undisclosed amountFintechLead

Activity : Payments and mobile money

Ashley Gauzere is the Founder and CEO at Hub2.Io.

Source : launchbaseafrica.com

Jumba

March 2023 · Kenya
Seed4.5 M$EquityE-commerceCo-Invest

Activity : B2B e-commerce

Digital construction-materials marketplace connecting manufacturers, hardware stores and construction sites.

Why they invested

  • Digitize the construction materials supply chain
  • Improve price and transaction transparency
  • Expand the platform across East Africa

Co-investors Alumni Angel, FirstCheck Africa, Foundamental, LocalGlobe, Logos Ventures, Seedstars International Ventures, Speedinvest

Source : africaprivateequitynews.com

Djamo

November 2022 · Côte d'Ivoire
Series A14 M$EquityFintechCo-Invest

Co-investor alongside Partech Africa

Activity : Neobank and digital banking

Vehicle : Partech Africa

Djamo offers a mobile banking app for Francophone Africa (Visa card, virtual accounts, automatic savings, salary deposit) to drive financial inclusion.

Why they invested

  • Largest-ever equity round for a startup in Côte d'Ivoire
  • Targets a market where fewer than 25% of adults have a bank account
  • Over 500,000 customers, Y Combinator-backed

Co-investors Axian CVC, Janngo Capital, Launch Africa Ventures, Oikocredit, P1 Ventures

Source : partechpartners.comN1 · Primary source

SeamlessHR

January 2022 · Nigeria
Series A10 M$EquitySaaSCo-Invest

Co-investor alongside TLcom Capital

Activity : Enterprise software (SaaS)

Vehicle : TIDE Africa Fund II

SeamlessHR builds cloud HR and payroll solutions for African businesses, active in Nigeria, Ghana and Kenya.

Why they invested

  • Nascent HR/payroll digitization opportunity in Africa
  • Pan-African expansion already underway at time of round

Co-investors Capria Ventures, Ingressive Capital, Lateral Capital

Source : techcrunch.com

Autochek

October 2021 · Nigeria
Seed13.1 M$EquityE-commerceCo-Invest

Activity : Online marketplaces

Pan-African automotive company combining an automotive marketplace, digital services and vehicle financing solutions.

Why they invested

  • Build a pan-African automotive platform
  • Address growing automotive demand across Africa
  • Expand financing and distribution services

Co-investors 4DX Ventures, ASK Capital, Golden Palm Investments, Lateral Capital, Mobility 54, TLcom Capital

Source : techcrunch.com

In short

Enza Capital invests tickets ranging from 500 k$ to 21 M$, across the following sectors: Logistics, Fintech, Digital health, SaaS, E-commerce, Edtech, and Financial services, in the following areas: Kenya, Nigeria, Uganda, South Africa, Côte d'Ivoire, and Ghana. Check in 30 seconds whether your company fits these criteria.