First Circle Capital, backed by the IFC, launches $30M venture fund for Africa’s FinTech startups
- First Circle Capital launched a $30 million venture fund to support FinTech startups in Africa.
- The fund aims to address the significant challenge of limited access to early-stage capital.
- First Circle has made 15 investments across eight African markets, with a focus on women-led companies.
The establishment of First Circle Capital's fund is a significant step towards bridging the financing gap in Africa's FinTech sector. By focusing on early-stage investments and supporting diverse founders, the fund not only addresses immediate capital needs but also fosters innovation and resilience in the financial services landscape. This initiative could serve as a model for similar ventures across emerging markets.
