GJO & Partners
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Partech Africa

Public data, unclaimed profile

VC fund dedicated to African technology startups (Series A and B).

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
5 M$ – 200 M$, median 19.5 M$ (12 disclosed amounts)
Stated ticket : 1 M$ – 15 M$
Countries
Nigeria (4), South Africa (4), Côte d'Ivoire (2)
Activities
Payments and mobile money (3), Neobank and digital banking (2), B2B e-commerce (1)
Instruments
Equity (13)
Stages
Series A (6), Series B (3), Growth (2)
Recent activity
2 deals in 12 months, latest Mar 2026

Stated thesis versus observed behaviour

  • Sectors: 85% of its deals within its stated thesis
  • Countries: 69% of its deals within its stated thesis
  • Ticket: 50% 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
1 M$ – 15 M$
Instruments
Equity
Preferred sectors
Fintech, Logistics, E-commerce, SaaS, Digital health, Energy*, Business & personal services*
Target geographies
West Africa, East Africa, North Africa, Nigeria, Kenya, Senegal, Egypt, South Africa*

* added from its deals

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

Team and contacts

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.

littlefish

March 2026 · South Africa
Series A9.5 M$EquitySaaSLead

Activity : Vertical software

Vehicle : Partech Africa

littlefish is a merchant operating system integrating point-of-sale, back-office CRM, merchant portal, payments and APIs, enabling African banks to deliver digital merchant services.

Why they invested

  • Already serves tier-1 banks (Standard Bank, FNB, Absa)
  • 30x monthly recurring revenue growth since seed round
  • Expansion plan into 10+ additional African markets

Co-investors Flourish Ventures, Proparco, TLcom Capital

Source : partechpartners.comN1 · Primary source

Aura

May 2025 · South Africa
Series B14.7 M$EquityBusiness & personal servicesCo-Lead

Activity : Security, cleaning and facility management

Vehicle : Partech Africa

Aura connects individuals in emergencies to the nearest vetted private security or medical responder through a smart dispatch technology platform.

Why they invested

  • South Africa's largest private responder network (3,000+), 7,500+ lives saved
  • Co-led round to fund U.S. expansion
  • Borderless emergency dispatch model

Co-investors Cathay AfricInvest Innovation Fund, KLT Holdings

Source : partechpartners.comN1 · Primary source

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 Enza Capital, Oikocredit, SANAD Fund for MSMEs, SANAD Fund for MSMEs, Y Combinator

Source : techcrunch.com

Beacon Power Services

November 2024 · Ghana
Series AUndisclosed amountEquityEnergyLead

Activity : Power transmission and distribution

Vehicle : Partech Africa

Beacon Power Services provides data and grid management solutions (AI-enabled mapping, real-time monitoring) to help African power distribution utilities operate more efficiently.

Why they invested

  • Digitalization of African power utilities, an underinvested sector
  • Multi-country presence (Nigeria, Ghana, Kenya, Zambia)
  • Co-investment with DFIs (Proparco, Finnfund)

Co-investors Clermount, Finnfund, Gaia Impact, Global Brain, JGC MIRAI Innovation Fund, Kaleo Ventures, On.Capital, Proparco, Seedstars Africa Ventures

Source : partechpartners.comN1 · Primary source

Nomba

May 2023 · Nigeria
Growth30 M$EquityFintechCo-Invest

Activity : Payments and mobile money

Vehicle : Partech Africa

Nomba is a licensed payment service provider offering POS terminals, invoicing, inventory management, and banking solutions to Nigerian businesses, serving over 300,000 merchants.

Why they invested

  • Profitable omnichannel payment platform processing $1B in monthly transactions
  • Oversubscribed round after just $5M raised previously
  • Strong growth of the Nigerian merchant network

Co-investors Base10 Partners, Helios Digital Ventures, Khosla Ventures, Shopify

Source : partechpartners.comN1 · Primary source

Djamo

November 2022 · Côte d'Ivoire
Series A14 M$EquityFintechLead

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, Enza Capital, Janngo Capital, Launch Africa Ventures, Oikocredit, P1 Ventures

Source : partechpartners.comN1 · Primary source

Vendease

September 2022 · Nigeria
Series A30 M$EquityE-commerceCo-Invest

Co-investor alongside TLcom Capital

Activity : B2B e-commerce

Vehicle : TIDE Africa Fund I

Vendease automates food procurement for restaurants in Nigeria and Ghana through a digital procurement platform.

Why they invested

  • Digitization of food procurement for the restaurant sector
  • Significant sourcing cost reduction for restaurant operators

Co-investors GFR Fund, Hack VC, Hustle Fund, Kairos Angels, Kube VC, Magic Fund, VentureSouq

Source : techcrunch.com

Reliance Health

February 2022 · Nigeria
Series B40 M$EquityDigital healthCo-Invest

Activity : Health platforms and software

Vehicle : Partech Africa

Reliance Health is a digital healthcare provider offering health insurance, telemedicine, prescription delivery, and a network of partner and proprietary clinics in emerging markets.

Why they invested

  • Largest-ever Series B round in African digital health
  • Integrated insurance + care delivery model for health inclusion
  • Co-investment alongside international players (General Atlantic, Tencent)

Co-investors AAIC, Arvantis Social Foundation, General Atlantic, Laerdal Million Lives Fund, M3 Inc., P1 Ventures, Picus Capital, Tencent Exploration

Source : partechpartners.comN1 · Primary source

Wave Mobile Money

September 2021 · Senegal
Series A200 M$EquityFintechCo-Invest

Activity : Payments and mobile money

Vehicle : Partech Africa

Wave offers a mobile money app enabling users to save, transfer, and borrow money at low cost in Senegal and Côte d'Ivoire.

Why they invested

  • Existing seed investor participating in the largest Series A ever raised by an African fintech
  • Round valued Wave at $1.7B, Francophone Africa's first unicorn
  • Strong mobile money traction in Francophone West Africa

Co-investors Founders Fund, Ribbit Capital, Sam Altman, Sequoia Heritage, Stripe

Source : techcrunch.com

Yoco

July 2021 · South Africa
Growth83 M$EquityFintechCo-Invest

Activity : Payments and mobile money

Vehicle : Partech Africa

Yoco provides a payment and business software platform for South African small businesses, processing over $1 billion in annual card payments.

Why they invested

  • Digitizing point-of-sale payments for African SMEs
  • Existing investor since the 2018 Series B
  • Over 150,000 merchants served in South Africa

Co-investors 4DX Ventures, Breyer Capital, Dragoneer Investment Group, HOF Capital, Orange Ventures, Quona Capital, Raba Partnership, TO Ventures, Velocity Capital Fintech Ventures

Source : partechpartners.comN1 · Primary source

Known limited partners

Investors that subscribed to this fund, according to their announcements.

In short

Partech Africa invests tickets ranging from 1 M$ to 15 M$, across the following sectors: Fintech, Logistics, E-commerce, SaaS, Digital health, Energy, and Business & personal services, in the following areas: West Africa, East Africa, North Africa, Nigeria, Kenya, Senegal, Egypt, and South Africa. Check in 30 seconds whether your company fits these criteria.