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First Circle Capital

Female-led pan-African fintech fund writing $100k to $250k first cheques

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Works in AfricaAfrica-built

A Morocco and Uganda based venture firm backing pre-seed and seed fintech across Africa, in financial inclusion, infrastructure and digital finance. It has invested in 15 startups across eight African markets against a US$30 million target, with US$6 million from the IFC. Roughly 30% of the portfolio is led or co-founded by women, and half operate in more than one country.

Facts about First Circle Capital

Category
Investors & VCs
Availability
Works in Africa
Countries
Pan-African
Pricing
Paid
Typical setup time
1+ week
Best for
Early-stage, SaaS
Last verified
Sep 24, 2026

Use when

You are a pre-seed or seed fintech looking for a first institutional cheque and hands-on help getting to Series A readiness.

Skip when

You are outside fintech or raising above about US$250,000 as a first cheque. This is an early-stage specialist, not a lead for a large round.

Status (24 Sep 2026): actively deploying, US$30 million target with US$10.9 million raised and a further US$6 million from the IFC. Cheques of roughly US$100,000 to US$250,000 at pre-seed and seed. Based in Morocco and Uganda, which is unusual coverage: most pan-African funds are run from Lagos, Nairobi or Cape Town. Approach through the firm's site.

Alternatives

Ajim CapitalMicrotractionVentures PlatformCatalyst Fund

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