We partner
From 0 to 1
With African tech founders
What our founders are saying
We believe that African entrepreneurial talent is currently more widely dispersed across the continent than venture capital funding, and we’re here to change that!
Case Studies
Status quo
Most of the retail sector is informal and run by micro-merchants that don’t benefit from the same economies of scale and financing than large wholesalers.
Supply chain is inefficient resulting in higher cost and sustainably managed natural resources and greenhouse gas emissions.
Micro-merchants are mostly low-skilled “one-man-shows”
Theory of Change
Chari digitizes trade offering micro-merchants through its mobile app on-demand stock replenishment services available for same-day or next-day delivery
Chari digitizes payments and banking services offering micro-merchants the ability to buy now and pay later using a closed loop-wallet integrated with mobile-money
Following P1 Ventures’ initial investment, Chari has raised more than $12m of follow-on capital, grown more than 10x and expanded in three new countries
Outcomes
Casablanca headquarters
12+k micro-merchants in 4 countries
$9+m of goods processed monthly
188 higher-skilled FTE including 112 females
Status quo
Africa is home to 25+% of the global disease burden but only 3% of the global healthcare spend
10’s millions of Egyptian primary breadwinner are uninsured or underinsured resulting in increased households health and financial vulnerability
Subscription to an insurance policy in Egypt takes several days, is paperwork heavy, and prone to fraud vs. transparent process with a few clicks online in the US/Europe
Theory of Change
Amenli customers are able within just a couple of minutes on their mobile phones to compare and subscribe to the best fit insurance policy
Amenli customers are able to afford insurance policies by paying on a quarterly or monthly basis rather than a full year lump-sum price
Following P1 Ventures’ initial investment, Amenli has raised more than $3m of follow-on capital from leading institutions and grown more than 10x
Outcomes
Cairo headquarters
~$1m GWP run-rate across 10+k policies
62 higher skilled FTE including 23 females