Investors / First Circle Capital
First Circle Capital
Venture capital
First Circle Capital is a fund that invests in pre-seed and seed stage FinTech companies across Africa, often as the first institutional investor. It is run by entrepreneurs and operators who provide capital, industry knowledge and network connections to founders.
Invests inFintech
In its own wordsfintechafricafinancial inclusionseed stagepre-seedfemale-founded
Your fit with First Circle Capital
Four questions about your startup
See how your round matches what it backs, point by point.
Or find every investor that fitsFirst Circle Capital lists 27 checked portfolio companies on its own site and is named in 1 funding round. Its most frequent entry is Seed, 100% of the companies with a known first round. Its largest themes are Fintech (51%), E-commerce & Marketplaces (14%) and Healthcare & Biotech (9%). 39% of its companies are based in Nigeria. It invests most often alongside Y Combinator, DCG and Enza Capital.
Counts come from funding rounds that name First Circle Capital, complete from mid-2025: earlier rounds appear only when they were reported later. Round amounts and full round histories are on Fundup AI.
Round figures show recent activity, not First Circle Capital's whole history. Rounds on record name 1 company; its own site lists 27. Funding rounds are complete from mid-2025, so counts and the yearly trend undercount a firm that invested before then. The portfolio, themes and places come from its own site and are not affected.
Entry stage
share of companies by the stage of its first roundShow as a table
| Value | |
|---|---|
| Pre-seed | 0% |
| Seed | 100% |
| Series A | 0% |
| Series B | 0% |
| Growth | 0% |
Activity by year
rounds it joined, last 10 yearsShow as a table
| Total | Rounds it led | |
|---|---|---|
| '17 | 0 | 0 |
| '18 | 0 | 0 |
| '19 | 0 | 0 |
| '20 | 0 | 0 |
| '21 | 0 | 0 |
| '22 | 0 | 0 |
| '23 | 0 | 0 |
| '24 | 0 | 0 |
| '25 | 0 | 0 |
| '26 | 1 | 0 |
Investor profile
percentile among all firmsShow as a table
| Measure | Percentile of all firms | Value |
|---|---|---|
| Portfolio size | 64th | 27 companies |
| Recent activity | 59th | 1 rounds in 12 months |
| Early stage | 100th | 100% of entries at pre-seed or seed |
| Evidence | 52th | 0% of companies confirmed by a round |
| Sector focus | 85th | 51% in its largest sector |
| Reach | 84th | 6 countries |
Investment themes
share of its checked companiesThis firmAll checked companies
Show as a table
| This firm | All checked companies | |
|---|---|---|
| Fintech | 51% | 12% |
| E-commerce & Marketplaces | 14% | 6% |
| Healthcare & Biotech | 9% | 15% |
| AI & Machine Learning | 9% | 18% |
| Legal & Compliance | 7% | 2% |
| Real Estate & Construction | 2% | 3% |
| Space & Defense | 2% | 3% |
| Cybersecurity | 2% | 4% |
Invests most often with
firms sharing its portfolio companiesShow as a table
| Share | |
|---|---|
| Y Combinator | 4 |
| DCG | 3 |
| Enza Capital | 3 |
| Fast Forward Venture Studio and Fund | 3 |
| Ingressive Capital | 3 |
| CV VC | 2 |
| DFS Lab | 2 |
| Launch Africa | 2 |
Its portfolio companies
where they are based, and what their own sites showSite status
- Site answers27100%
- No longer answers00%
- Points to another company00%
- Parked or sold domain00%
A site that stops answering three checks in a row is counted as no longer answering; that is not proof of closure. A site that points to another company is often an acquisition.
Co-investor network
who it backs companies with, and who they back togetherCompare First Circle Capital head to head
portfolio size, rounds, entry stages, themes and the companies both backThree or more firms at once: portfolio overlap.
Portfolio
27 companies checked against their own sites| Company | What it does | Themes | First round with it | Evidence |
|---|---|---|---|---|
| Balad provides cross-border payout services into Egypt through various channels, including cash pickup, mobile wallets, and bank transfers. | FintechFintech | Portfolio page | ||
| Credpal offers financial solutions including payment, savings and credit services, allowing businesses and individuals to buy and pay in installments | FintechE-commerce & Marketplaces | Portfolio page | ||
| The company provides automated reconciliation solutions for financial transactions | FintechSpace & Defense | Portfolio page | ||
| Dayra enables companies to launch their own lending programs by providing the license, technology, and capital | FintechLegal & Compliance | Portfolio page | ||
| Portfolio page | ||||
| Flow48 helps South African SMEs access business funding through Revenue Based Financing and Invoice Financing | FintechLegal & Compliance | Portfolio page | ||
| Gamp provides devices to teams through various plans, including rental, financing, and purchasing options, and also manages and repairs these devices. | FintechIndustrial & Manufacturing | Portfolio page | ||
| Portfolio page | ||||
| Kashier provides payment gateway and payment solutions for businesses in Egypt. | FintechE-commerce & Marketplaces | Portfolio page | ||
| Lenco Technologies provides financial services, including business current accounts, expense management, and payment solutions, to businesses. | FintechE-commerce & Marketplaces | Portfolio page | ||
| The company provides financing secured by real estate and offers mortgage and car financing services. | FintechReal Estate & Construction | Portfolio page | ||
| MyStash offers financial tools and services for saving, investing, borrowing, and paying | Fintech | Portfolio page | ||
| Octamile provides digital insurance management infrastructure and APIs for insurers and non-insurance businesses in Africa | FintechHealthcare & Biotech | Portfolio page | ||
| Oola empowers insurance carriers, brokers, enterprises, and innovators to design, deploy, and scale intelligent insurance models | FintechAI & Machine Learning | Portfolio page | ||
| Opareta provides solutions for mobile network operators and financial institutions to manage infrastructure and liquidity | FintechHealthcare & Biotech | Portfolio page | ||
| Orca provides real-time transaction monitoring and fraud intelligence for payment flows in emerging markets | Fintech | Portfolio page | ||
| Pumpkn provides business loans to established food and agricultural SMEs in South Africa | AI & Machine LearningAI & Machine Learning | Portfolio page | ||
| Talk360 provides an international calling app that allows users to make calls abroad to any mobile or landline number without requiring internet on the recipient's side | Healthcare & BiotechFintech | Portfolio page | ||
| Terminal provides international express delivery services, allowing individuals and businesses to send and receive items globally. | E-commerce & MarketplacesFintech | Portfolio page | ||
| Thunders AI provides automated end-to-end testing services for various applications and systems | AI & Machine LearningCybersecurity | Portfolio page |
About this data
site last read 5 Nov 2026- Site
- firstcircle.capital
- Last read
- 5 Nov 2026
- Watching since
- 6 Nov 2026
- Rounds since
- 23 Feb 2026
- Companies checked
- 27
Rates come from what VCinfo has observed since observation_start. Firms tend to remove companies that closed, so early rates understate reality. A company leaving a portfolio page does not mean it closed or exited. An unreachable site means our checks failed, nothing more.
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