When was Enygma Ventures founded?

Enygma Ventures was founded in 2019.

Where is Enygma Ventures' headquarters located?

Enygma Ventures' headquarters is located in Cape Town (South Africa).

How many companies has Enygma Ventures invested in?

Enygma Ventures has invested in 17 companies, including Lupiya & PremierCredit.

Which companies has Enygma Ventures invested in lately?

Adbot Technologies & Koa Academy are the latest investments by Enygma Ventures.

Enygma Ventures - 2026 Investor Profile, Portfolio, Team & Investment Trends

1. Lupiya

Online lending marketplace for consumer and business loans. It offers customers multiple financing products including personal loans, working capital loans, salary advance loans, collateral-backed loans, scheme loans, micro loans, and many more. Users need to apply for funding via its online lending platform, where it connects borrowers with multiple lending partners and upon credit assessment approval, the loan amount is directly transferred to the linked bank or e-wallet account.

Key facts about Lupiya

Founded Year: 2016
Location: Lusaka (Zambia)
Stage: Series A
Total Funding till date: $20.5M
Employee Count: 16 as on Jul 01, 2024
Investors: Kfw, Alitheia IDF and 2 Others
Latest Funding Round: Series A, Feb 17, 2026, $*****
Highlight: Editors' Pick

2. PremierCredit

Provider of digital financial services including loans, investments, and payments. The company offers personal and business loans with flexible terms. Investment opportunities are available through a peer-to-peer lending platform. A mobile wallet facilitates payments, money transfers, and bill management. Insurance coverage is also offered, tailored to individual needs.

Key facts about PremierCredit

Founded Year: 2019
Location: Kitwe (Zambia)
Stage: Series A
Total Funding till date: $3.15M
Employee Count: 27 as on Jul 01, 2024
Investors: Enygma Ventures and FinTech4U
Latest Funding Round: Series A, Sep 22, 2023, $*****

3. Adbot Technologies

AI based automated search campaign management platform. It uses machine learning technologies and artificial intelligence to automate the Google Ads campaign. The automation processes include ad account management, ad placements, ad monitoring, and more. It offers software on subscription based pricing plans.

Key facts about Adbot Technologies

Founded Year: 2019
Location: Cape Town (South Africa)
Stage: Seed
Total Funding till date: $500K
Employee Count: 5 as on Jul 01, 2024
Investors: Tofino Capital and Enygma Ventures
Latest Funding Round: Seed, Jun 14, 2023, $*****

4. Widenergy Africa

Key facts about Widenergy Africa

Founded Year: 2016
Location: Lusaka (Zambia)
Stage: Seed
Employee Count: 34 as on Jul 01, 2024
Investors: OPES-LCEF, GreenTec Capital Partners and 2 Others
Latest Funding Round: Conventional Debt, May 17, 2021, $*****

5. Spoon Money

Spoon Money is a stokvel investment firm. The company joins the existing stokvels as a member. The company invests in the stokvels and the stokvels make money on the funds provided by the company.

Key facts about Spoon Money

Founded Year: 2017
Location: Cape Town (South Africa)
Stage: Seed
Total Funding till date: $17.8K
Employee Count: 4 as on Jul 01, 2024
Investors: Catalyst Fund, Startupbootcamp and 3 Others
Latest Funding Round: Seed, Sep 2017, $*****

View the full list of portfolio companies

Enygma Ventures has invested in 17 companies over the last 6 years, with an average of 1 new investment annually in the last 5 years. Its most recent first time investment was in Adbot Technologies.

View all investments by Enygma Ventures

Enygma Ventures has made 9 investments in Seed stage with an average round size of $461K.

View all investments by Enygma Ventures

Enygma Ventures has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, FinTech, Financial Services and Business Services. Notably, it has invested in 9 Tech companies, 7 Consumer (B2C) companies, 4 Enterprise (B2B) companies and at least 4 companies focusing on Software.

Here are Enygma Ventures' investments by sector:

Sector	No. of Investments
Consumer	2
Enterprise Applications	2
FinTech	2
Financial Services	2
Business Services	1
Others	6

Note: We have considered here, only first round of investments

View all investments by Enygma Ventures

Enygma Ventures has made most investments in South Africa (5), followed by Zambia where it has made 2 investments.

Here are Enygma Ventures' investments by geography:

Country	No. of Investments
South Africa	5
Zambia	2
Swaziland	1
United Kingdom	1

Note: We have considered here, only first round of investments

View all investments by Enygma Ventures

Enygma Ventures has not made any investment in 2026 so far.

Here are the most recent investments by Enygma Ventures:

Filter this list

Date	Company	Location	Round Details	Round Amount	Co-Investors
Nov 08, 2021	Adbot Technologies	South Africa	Seed	2125	-
Jul 15, 2021	Koa Academy	South Africa	Seed	4751	-
Jul 01, 2021	Brown and Ayo	South Africa	Seed	1908	-
May 20, 2021	Startup Circles	South Africa	Seed	4519	-
Dec 21, 2020	PremierCredit	Zambia	Seed	7609	-

See more recent investments made by Enygma Ventures

Enygma Ventures has a team of 1 member located in South Africa. Enygma Ventures' team does not sit on the board of any company as of now.

View team details of Enygma Ventures

Over the past 6 years, 4 investors have co-invested in Enygma Ventures's portfolio companies. This includes only funds.

Invested after Enygma Ventures: A total of 4 investors have invested in Enygma Ventures's portfolio after their investments. Top Investors include Alitheia IDF (1 company) and Inoks Capital (1 company).