Final fund close · Business services
Nclude Fund reaches final close above $112 million
African investors supplied 93% of the capital raised by the fintech-focused fund.
Nclude has reached a final close of more than $112 million, DPI Venture Capital managing partner Ashley Lewis told TechCabal on October 26. Financial services institutions supplied virtually all the fund’s capital.
The close gives Nclude capacity for new investments and follow-on funding across fintech and embedded finance. Its portfolio includes payments provider Paymob, property platform Nawy and SME financing company FlapKap.
Use of funds
Invest in fintech and embedded-finance companies from Seed through Series C
Follow-on investments and regional expansion beyond Egypt
Funding history
Final fund close · This round>$112M