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First Circle Capital

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
550 k$ – 2 M$, median 700 k$ (3 disclosed amounts)
Countries
South Africa (3)
Activities
Fintech infrastructure (APIs, open banking, BaaS) (1), Payments and mobile money (1), Regtech, identity and fraud prevention (1)
Instruments
Equity (3)
Stages
Pre-Seed (2), Seed (1)
Recent activity
0 deal in 12 months, latest Aug 2025

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*

* added from its deals

Stages (stated by the fund and from its deals)
Pre-SeedSeed

Reference deals

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

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, Enza Capital, Equitable Ventures, Incisive Ventures

Source : hapakenya.com

Scale

October 2024 · South Africa
Pre-Seed700 k$EquityFintechCo-Invest

Co-investor alongside 54 Collective

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

Scale, a South African startup that provides card issuing orchestration to fintechs has raised $700,000 in pre-seed funding.

Co-investors Sunny Side Venture Partners

Source : techcabal.com

Orca

May 2024 · South Africa
Pre-Seed550 k$EquityFintechCo-Invest

Co-investor alongside Norrsken22

Activity : Regtech, identity and fraud prevention

Orca , a South African startup that works with banks and fintechs in emerging markets to fight various types of fraud, has raised a USD 550 K pre-seed round.

Co-investors Kara Ventures, Musha Ventures

Source : weetracker.com

In short

First Circle Capital invests across the following sectors: Fintech, in the following areas: South Africa. Check in 30 seconds whether your company fits these criteria.