Philosophy & Sectors
Four convictions, held for the long term
We concentrate rather than diversify. Each sector below carries a written thesis, defined investment criteria and the asset stages at which we engage.
Thesis
Mobile money laid the rails; enduring margin now accrues to the credit, treasury and wealth layers built on top. We underwrite unit economics before growth, and regulatory posture before either.
Focus
- Core financial infrastructure and payment systems
- Venture capital in emerging credit and treasury platforms
- Prop-fin enablement: mortgage, escrow and rental finance
FinTech
Financial infrastructure, emerging payment systems and prop-fin enablement
Investment Criteria
- Structure
- Priced equity, venture debt
- Horizon
- 5 – 10 years
- Geography
- East & West Africa
Target Asset Stages
- Seed
- Series A
- Series B
- Structured venture debt