Targeting $230m for African fintech, anchored by the European Investment Bank
Vienna-based Speedinvest's first Africa-dedicated vehicle, targeting US$230 million (€200 million) and anchored by a €40 million commitment from EIB Global. It backs seed and Series A fintech and fintech-enabled companies across payments, lending, health, education and mobility, in both North and Sub-Saharan Africa. Reported as the largest Europe-to-Africa institutional venture commitment in recent memory.
Use when
You are a fintech or fintech-enabled company raising seed or Series A in one of its named markets and want a European institutional investor on the cap table.
Skip when
You are pre-seed, or outside fintech. The mandate is specific and a fund of this size is not writing first cheques.
Status (24 Sep 2026): launched March 2026 and deploying, targeting US$230 million (EUR 200 million) and anchored by a EUR 40 million commitment from EIB Global. Treat the fund size as a target rather than a final close. Seed to Series A, fintech and fintech-enabled only. Focus markets are Egypt, Morocco, Nigeria, Kenya and South Africa, with Ghana, Côte d'Ivoire, Cameroon and the DRC named as high-potential additions. No published cheque range or open application route; entry is through the firm's network.
Alternatives