Perspectives on African venture, the market, portfolio building, and what it takes to build category leaders from the continent.
The funding gap at pre-seed and seed in Sub-Saharan Africa is well documented but rarely examined at the stage level. Here is what the data shows, why the gap exists, and why closing it is the highest-conviction bet in venture capital right now.
The pitch deck is sitting in my drafts. I'm not going to send it. Instead: where I came from, what I believe, and why I'm doing this again. The story behind Fund II — and why the smartest money in the world is finally paying attention to what I've been building since 2022.
India's fintech playbook. Latin America's B2B marketplace boom. Southeast Asia's super-app revolution. Africa's highest-conviction bets aren't blank-page hypotheses — they're adaptations of models that have already produced unicorns in markets facing the same infrastructure gaps, mobile-first consumers, and informal economies. Here's how Ajim Capital uses this insight to invest before the opportunity becomes obvious.
The funding gap at pre-seed and seed in Sub-Saharan Africa is well documented but rarely quantified at the stage level. Here is what the data shows, why the gap persists, and why it represents the most compelling position in venture capital right now.
Market AnalysisAfter the 2021–2022 boom flooded the market with capital and inflated valuations, the correction that followed restored rational pricing. Entry multiples are down, founder resilience is up, and the seed gap has never been wider — or more valuable to occupy.
Founder PlaybooksAfter reviewing thousands of applications, here's what separates the founders who close: narrative discipline, early traction signals that institutional investors can pattern-match, and knowing which investors are actually writing checks versus attending pitch events.
Market AnalysisPayments and wallets built the first generation of African fintech. The second generation is vertical: embedded credit for SMEs, infrastructure APIs, B2B spend management, and cross-border rails for Africa's globally distributed workforce. Here's where we're looking in 2026.
InvestingAjim Capital backed Raenest at pre-seed when the opportunity was still a thesis. Their $14.3M raised and Series A led by QED Investors is a lesson in what early conviction and the right founding team can produce.
Fund UpdatesFund I gave us more than a portfolio. It gave us a map. Here's what the data, the conversations, and the hard lessons from four years of early-stage investing in Africa have taught us about founder selection, market timing, and the models that compound.
Market AnalysisThe founders who are building some of Africa's most compelling companies grew up on the continent and were trained in the West. They bring global product standards, international fundraising networks, and a deep intuition for local market realities. This combination is rare — and powerful.
The African tech ecosystem's first generation of exits is being written right now. Chowdeck's acquisition of Mira. Flutterwave's acquisition of Mono. LemFi's $85M raise. These aren't outliers — they're early signals of a new pattern. We explain why strategic M&A, not IPOs, will define the return profile for the next five years of African VC, and what it means for how we underwrite.