Loading organizations...
§ Venture Capital
Venture capital firm investing in early-stage tech startups, providing seed funding for fintech in African markets for product development.
KIBS-CFY Partners is a venture capital firm that invests in early-stage technology startups, primarily focusing on fintech companies within African markets. The firm provides crucial seed funding designed to support product development, facilitate team expansion, and drive market growth for its portfolio companies operating in nascent but high-potential sectors. KIBS-CFY Partners notably participated in the $1.3 million seed round for Paystack in 2016, a payments platform for African businesses that has since achieved significant scale. This investment saw them alongside other prominent investors such as Tencent, Comcast Ventures, and Singularity Investments, contributing to Paystack's early development. The firm's business model is centered on generating returns through strategic equity stakes in promising early-stage ventures, though specific founding details are not publicly available.
KIBS-CFY Partners has 1 tracked investment across 1 company. The latest tracked deal is $1.0M Seed in Paystack in December 2016.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 1, 2016 | Paystack | $1.0M Seed | — | Goat Capital, Relay Ventures, RSE Ventures, Seven Seven SIX, Techstars, Vayner RSE, Webb Investment Network, Y Combinator, Aaron Harris, Jean Pigozzi, Mark Pincus, Matt Cutts, Justin KAN, Leonard Stiegeler, Michael Seibel, Olumide Soyombo, Blue Rinc Capital, Christian Ebersol, M&S Partners, Pave Investments, Singularity Investments, Spark, Tencent Holdings, Tokyo Founders Fund |