About Ajim Capital
Ajim Capital is a venture capital firm founded in 2021. It is primarily based out of Austin, United States. As of Jul 2023, Ajim Capital has invested in 19 companies. It primarily invests in Seed round in Nigeria based startups. Its investments are spread across a wide range of sectors from FinTech to Consumer and Enterprise Applications. Most recently it participated in the $***** Seed round of Clafiya Overall, Ajim Capital portfolio has seen 3 acquisitions, namely Mono, ORDA and Payday. A lot of funds co-invest with Ajim Capital, with names like Adaverse sharing a substantial percentage of its portfolio. Ajim Capital has team of 3 people including 1 partners.Ajim Capital's List of Top Investments
Ajim Capital has a portfolio of 19 companies. Their most notable investments are in Buupass and Clafiya.Their portfolio spans across Nigeria, United States, Canada and 3 more locations. They have invested in FinTech, Consumer, Enterprise Applications and 12 other sectors, across stages such as Seed stage. Here is the list of top investments by Ajim Capital:1. Bamboo
Broker-based online trading platform. It provides an online trading platform for the stock market. It enables users to buy and sell stocks through the app-based platform. It features tools for tracking portfolio performance. The app is available for Android and IOS platforms.
Key facts about Bamboo
- Founded Year: 2018
- Location: Lagos (Nigeria)
- Stage: Series A
- Total Funding till date: $17.5M
- Employee Count: 295 as on Mar 31, 2026
- Investors: Greycroft, Tiger Global Management and 25 Others
- Latest Funding Round: Series A, Jan 31, 2022, $*****
- Highlight: Editors' Pick
2. Mono
Open banking APIs for businesses. It enables businesses to access the customer's financial account for financial data, identity data, transaction history, balances, and more. It also initiates direct debits from the customer's account. It facilitates token-based authentication for transactions.
Key facts about Mono
- Founded Year: 2020
- Location: San Francisco (United States)
- Stage: Acquired
- Total Funding till date: $17.6M
- Employee Count: 68 as on Mar 31, 2026
- Investors: SBI Investment, General Catalyst and 17 Others
- Latest Funding Round: Series A, Oct 11, 2021, $*****
- Highlight: Acquired
3. Buupass
App-based platform that provides ticket booking services for travelers. The platform enables users with buses, flights, hotels, and more. Users can book tickets providing relevant information including destination, date of travel, and more. Their apps are available on Android devices.
Key facts about Buupass
- Founded Year: 2017
- Location: Nairobi (Kenya)
- Stage: Seed
- Total Funding till date: $2.94M
- Employee Count: 56 as on Mar 31, 2026
- Investors: Ajim Capital, Yango and 13 Others
- Latest Funding Round: Seed, Jul 10, 2025, $*****
- Highlight: Editors' Pick
4. ORDA
Provider of an online platform for restaurant management solutions. The platform offers point-of-sale, inventory management, business analytics, and others.
Key facts about ORDA
- Founded Year: 2020
- Location: Lagos (Nigeria)
- Stage: Acquired
- Total Funding till date: $4.5M
- Employee Count: 61 as on Mar 31, 2026
- Investors: Quona, FinTech Collective and 19 Others
- Latest Funding Round: Seed, Nov 07, 2024, $*****
- Highlight: Acquired
5. Payday
Online platform for P2P remittances. It offers a solution that enables users to send and receive money from individuals around the world. It features bill payments, a dashboard to monitor transactions, balances, virtual payment cards, and more. The application is available on Android and iOS platforms.
Key facts about Payday
Ajim Capital's Year-on-Year Investment Trends
Ajim Capital has invested in 19 companies over the last 4 years, with an average of 0 new investment annually in the last 3 years. Its most recent first time investment was in Clafiya.Ajim Capital's Investments by Stage
Ajim Capital has made 3 investments in Seed stage with an average round size of $1.5M.Ajim Capital's Investments by Sector
Ajim Capital has a diverse portfolio, with companies operating in the Consumer, Gig Economy, Healthcare, Real Estate and Construction Tech and Travel and Hospitality Tech. Notably, it has invested in 17 Tech companies, 10 Consumer (B2C) companies, 10 Software companies and at least 9 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Consumer | 2 |
Gig Economy | 1 |
Healthcare | 1 |
Real Estate and Construction Tech | 1 |
Travel and Hospitality Tech | 1 |
Note: We have considered here, only first round of investments
Ajim Capital's Investments by Geography
Ajim Capital has made most investments in Nigeria (2), followed by Kenya where it has made 1 investment.Country | No. of Investments |
|---|---|
Nigeria | 2 |
Kenya | 1 |
Note: We have considered here, only first round of investments
Ajim Capital's recent investments
Ajim Capital has not made any investment in 2026 so far.Here are the most recent investments by Ajim Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 25, 2023 | Nigeria | Seed | 8201 | [+6] | |
Feb 13, 2023 | Kenya | Seed | 6124 | [+10] | |
Oct 04, 2022 | Nigeria | Seed | 2132 | [+6] |
Acquired companies in Ajim Capital's Portfolio
3 companies from Ajim Capital's portfolio have been acquired. The most recent acquisition was ORDA in Mar 2026 by Moniepoint for $*****.Here are Ajim Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 23, 2026 | - | - | 4911 | |
Jan 05, 2026 | - | - | 8943 | |
Dec 05, 2023 | - | - | 4043 |
Team profile of Ajim Capital
Ajim Capital has a team of 3 members. Ajim Capital's team does not sit on the board of any company as of now.Co-investors of Ajim Capital
Over the past 4 years, 32 investors have co-invested in Ajim Capital's portfolio companies. This includes funds and angels.
- Invested before Ajim Capital: Black Founders Fund, MetaProp NYC and 6 others have invested in rounds before Ajim Capital. There are 3 companies where Black Founders Fund has invested before Ajim Capital and 1 company where MetaProp NYC has invested before Ajim Capital.
- Top Co-investors of Ajim Capital: 22 investors entered a company along with Ajim Capital. These include investors like Adaverse (1 company).
- Invested after Ajim Capital: Tim Draper (1 company) and Yango (1 company) are the investors which have invested in Ajim Capital's portfolio after their investments.
Recent News related to Ajim Capital
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Ajim Capital Targets $20 Million Fund to Back Early-Stage African StartupsTechMoran•Mar 23, 2026•Ajim Capital
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Nigerian healthtech startup, Clafiya, raises $610,000 in pre-seed funding to fuel expansionTechpoint.Africa•Jul 25, 2023•Clafiya, Bold Angel Fund, Norrsken Foundation, Acquired Wisdom Fund and 5 others
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BuuPass Raises $1.3 Mn From Artha, OthersViestories•Mar 28, 2023•Buupass, Google, Gullít, Five35 Ventures and 14 others
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BuuPass, a B2B2C platform for managing buses in Kenya, has secured $1.3 million in pre-seed fundingTechgist Africa•Feb 22, 2023•Buupass, 54 Collective, FrontEnd, Adaverse and 8 others
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Kenya’s BuuPass has raised $1.3m pre-seed to digitise pen and paper public transport ticketing system in East AfricaTechpoint.Africa•Feb 13, 2023•Buupass, Ajim Capital, Adaverse, 54 Collective and 13 others
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Nigerian prop-tech startup Spleet raises $2.6m seed roundDisrupt Africa•Oct 04, 2022•HoaQ, Spleet, MaC Venture Capital, NOEMIS Ventures and 10 others
