LeapFrog Investments

Public data, unclaimed profile

Fund manager (General Partner), AVCA member, impact investing (financial services and healthcare). Assets under management: ≈ USD 3bn.

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: 70 M$ – 110 M$, median 90 M$ (3 disclosed amounts); Stated ticket : 10 M$ – 50 M$
Countries: Nigeria (3), Kenya (1), South Africa (1)
Activities: Payments and mobile money (2), Asset management and markets (1), Fintech infrastructure (APIs, open banking, BaaS) (1)
Instruments: Equity (5)
Stages: Series C+ (3), Growth (2)
Recent activity: 0 deal in 12 months, latest Oct 2025

Stated thesis versus observed behaviour

Sectors: 80% of its deals within its stated thesis
Countries: 80% of its deals within its stated thesis
Ticket: 0% 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$ – 70 M$*
Instruments: Equity
Preferred sectors: Financial services, Fintech, Healthcare, Energy*
Target geographies: Nigeria, Kenya, Ghana, Egypt, South Africa*
Stages (stated by the fund and from its deals): Series BSeries C+Growth
Website: https://leapfroginvest.com/

Team and contacts

Andy Kuper — Founder and CEO

LinkedIn profiles, emails and phone numbers are reserved for signed-in members: create an account to access them.

Reference deals

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

Moniepoint

October 2025 · Nigeria

Series C+90 M$EquityFintechCo-Invest

Co-investor alongside DPI (Development Partners International)

Activity : Payments and mobile money

Moniepoint, one of Nigeria’s most prominent fintechs, has raised an additional $90 million to complete its Series C round, one year after achieving unicorn status.

Co-investors Visa

Source : techcabal.com

Moniepoint

October 2024 · Nigeria

Series C+110 M$EquityFintechCo-Invest

Co-investor alongside DPI (Development Partners International)

Activity : Payments and mobile money

Instrument : Série C clôturée à 200 M$ en octobre 2025 (LeapFrog en ancrage de la clôture finale) · Vehicle : African Development Partners III

Fintech ecosystem providing payments, banking, credit and management tools to businesses and their customers.

Why they invested

Moniepoint is a major business-banking provider in Nigeria.
The company has strong adoption of its payment solutions.
The investment is intended to scale digital payments and banking services.

Advisers

Financial Technology Partners — conseil financier et stratégique exclusif, company side

Co-investors Google Africa Investment Fund, Lightrock, Verod Capital

Source : dpi-llp.comN1 · Primary source

Sun King

December 2022 · Kenya

Series C+70 M$EquityEnergyLead

Activity : Off-grid solar and solar kits

Sun King designs, distributes, finances and installs solar systems for off-grid and under-electrified households across Africa and Asia.

Why they invested

Accelerate access to affordable and reliable energy for emerging consumers.
Address Africa's electricity access gap.
Support the development of pay-as-you-go off-grid solar systems.

Advisers

Debevoise & Plimpton LLP — conseil juridique, fund side

Source : leapfroginvest.comN1 · Primary source

Interswitch

May 2022 · Nigeria

GrowthUndisclosed amountEquityFintechCo-Invest

Co-investor alongside Tana Africa Capital

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

Instrument : Strategic investment

Pan-African digital payments and commerce group.

Why they invested

Payments infrastructure supporting financial inclusion

Source : tana-africa.comN1 · Primary source

Alexander Forbes

March 2022 · South Africa

GrowthUndisclosed amountEquityFinancial servicesCo-Invest

Activity : Asset management and markets

Instrument : participation minoritaire stratégique

Alexander Forbes provides financial advice, retirement, investment and wealth management services in South Africa.

Why they invested

Expand access to essential financial services in Africa.
Enter the South African financial services market.
Partner with an established provider of financial advice, retirement and wealth management services.

Co-investors Prudential Financial

Source : leapfroginvest.comN1 · Primary source

In short

LeapFrog Investments invests tickets ranging from 10 M$ to 70 M$, across the following sectors: Financial services, Fintech, Healthcare, and Energy, in the following areas: Nigeria, Kenya, Ghana, Egypt, and South Africa. Check in 30 seconds whether your company fits these criteria.

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