About Ingressive Capital
Ingressive Capital is a venture capital firm founded in 2017. It is primarily based out of Lagos, Nigeria. As of Oct 2025, Ingressive Capital is an active investor, having invested in 50 companies, with 2 new investments in the last 12 months. It primarily invests in Seed round in Nigeria based startups. Its investments are spread across a wide range of sectors from FinTech to Enterprise Applications and Consumer. Most recently it participated in the $***** Seed round of Sehatech Overall, Ingressive Capital portfolio has seen 3 acquisitions, namely Paystack, Mono and Payday. A lot of funds co-invest with Ingressive Capital, with names like Ventures Platform sharing a substantial percentage of its portfolio. Ingressive Capital has team of 10 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Series A
Portfolio Soonicorns
Ingressive Capital's List of Top Investments
Ingressive Capital has a portfolio of 50 companies. Their most notable investments are in Gwala and Mecho Autotech.Their portfolio spans across Nigeria, United States, Egypt and 7 more locations. They have invested in FinTech, Enterprise Applications, Consumer and 23 other sectors, across stages such as Seed, Series A stages. Here is the list of top investments by Ingressive Capital:
1. Paystack
Paystack provides payment processing solutions for businesses. It features digital payments, card payments, mobile money, recurring payments, QR based payments, POS terminals, bank transfer, and more. It also offers customers with fraud detection from fraudulent transaction & chargeback claims and reporting for accounting, reconciliation & audits.
Key facts about Paystack
- Founded Year: 2015
- Location: Lagos (Nigeria)
- Stage: Acquired
- Total Funding till date: $11.7M
- Employee Count: 313 as on Jul 31, 2026
- Investors: Wavelaunch, Visa and 30 Others
- Latest Funding Round: Series A, Aug 28, 2018, $*****
- Highlight: Acquired
2. Grey
Online platform for cross-border remittance and currency exchange. It offers multi-currency accounts that enable individuals and businesses to send and receive money globally. It features virtual cards for cross-border bill payments, currency exchange with multiple payment methods, and more.
Key facts about Grey
- Founded Year: 2020
- Location: Middletown (United States)
- Stage: Seed
- Total Funding till date: $2.5M
- Employee Count: 94 as on Jul 31, 2026
- Investors: Ingressive Capital, Soma Capital and 8 Others
- Latest Funding Round: Seed, Aug 29, 2022, $*****
3. Carry1st
Mobile game publisher and developer. It has also developed 'Carry1st Trivia', which is a learn & earn app. The users have to answer multiple-choice questions to win the reward. The app is available on the Android platform.
Key facts about Carry1st
- Founded Year: 2018
- Location: Cape Town (South Africa)
- Stage: Series A
- Total Funding till date: $65.5M
- Employee Count: 119 as on Jul 31, 2026
- Investors: Summit Partners, Mastercard and 29 Others
- Latest Funding Round: Series A, Oct 23, 2024, $*****
- Highlight: Editors' Pick
4. 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: 69 as on Jul 31, 2026
- Investors: SBI Investment, Tiger Global Management and 17 Others
- Latest Funding Round: Series A, Oct 11, 2021, $*****
- Highlight: Acquired
5. Bamboo
Provider of digital brokerage services for stocks and financial assets. This entity facilitates the purchase and sale of equity shares, exchange traded funds, and government debt instruments. It provides access to various investment vehicles, allowing for the management of portfolios through a digital interface. The service enables the execution of trades across multiple markets and asset classes.
Key facts about Bamboo
- Founded Year: 2018
- Location: Lagos (Nigeria)
- Stage: Series A
- Total Funding till date: $17.5M
- Employee Count: 220 as on Jul 31, 2026
- Investors: ACE & Company, Expansion Venture Capital and 25 Others
- Latest Funding Round: Series A, Jan 31, 2022, $*****
- Highlight: Editors' Pick
Ingressive Capital's Year-on-Year Investment Trends
Ingressive Capital has invested in 50 companies over the last 8 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 3 investments. Its most recent first time investment was in Sehatech and most recent follow-on round was in SeamlessHR.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 3 | 0 | 3 |
2024 | 3 | 0 | 3 |
2023 | 3 | 0 | 3 |
2022 | 8 | 1 | 9 |
2021 | 4 | 3 | 7 |
2020 | 7 | 1 | 8 |
2019 | 0 | 0 | 0 |
2018 | 2 | 0 | 2 |
Ingressive Capital's Investments by Stage
Ingressive Capital has made 29 investments in Seed stage with an average round size of $1.54M and 1 investment in Series A stage with an average round size of $15M.Stage of entry | No. of Investments |
|---|---|
Seed | 29 |
Series A | 1 |
Note: We have considered here, only first round of investments
Ingressive Capital's Investments by Sector
Ingressive Capital has a diverse portfolio, with companies operating in the FinTech, Enterprise Applications, Consumer, Financial Services and HealthTech. Notably, it has invested in 41 Tech companies, 30 Enterprise (B2B) companies, 24 Software companies and at least 20 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
FinTech | 17 |
Enterprise Applications | 15 |
Consumer | 7 |
Financial Services | 6 |
HealthTech | 3 |
Others | 24 |
Note: We have considered here, only first round of investments
Ingressive Capital's Investments by Geography
Ingressive Capital has made most investments in Nigeria (14), followed by United States where it has made 6 investments.Country | No. of Investments |
|---|---|
Nigeria | 14 |
United States | 6 |
Egypt | 4 |
Ghana | 2 |
Canada | 1 |
Others | 4 |
Note: We have considered here, only first round of investments
Ingressive Capital's recent investments
Ingressive Capital has not made any investment in 2026 so far.Here are the most recent investments by Ingressive Capital:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 20, 2025 | Egypt | Seed | 3760 | [+2] | |
Oct 10, 2025 | France | Seed | 4995 | [+6] | |
Jun 24, 2025 | Egypt | Seed | 8001 | - | |
May 08, 2024 | Egypt | Seed | 8636 | [+6] | |
May 04, 2024 | Nigeria | Seed | 3277 | [+5] |
Acquired companies in Ingressive Capital's Portfolio
3 companies from Ingressive Capital's portfolio have been acquired. The most recent acquisition was Mono in Jan 2026 by Flutterwave for $*****.Here are Ingressive Capital's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jan 05, 2026 | Sep 21, 2020 | Seed | 1591 | |
Dec 05, 2023 | Mar 29, 2023 | Seed | 2836 | |
Oct 15, 2020 | - | - | 7870 |
Team profile of Ingressive Capital
Ingressive Capital has a team of 10 members including 1 Partner and 1 Venture Partner located in Egypt and Nigeria. Ingressive Capital's team does not sit on the board of any company as of now.Co-investors of Ingressive Capital
Over the past 8 years, 208 investors have co-invested in Ingressive Capital's portfolio companies. This includes funds and angels.
- Invested before Ingressive Capital: Y Combinator, Ventures Platform and 34 others have invested in rounds before Ingressive Capital. There are 3 companies where Y Combinator has invested before Ingressive Capital and 2 companies where Ventures Platform has invested before Ingressive Capital.
- Top Co-investors of Ingressive Capital: 107 investors entered a company along with Ingressive Capital. These include investors like Ventures Platform (3 companies).
- Invested after Ingressive Capital: A total of 65 investors have invested in Ingressive Capital's portfolio after their investments. Top Investors include Y Combinator (2 companies), Acuity Ventures (2 companies) and Cathay Innovation (2 companies).
Recent News related to Ingressive Capital
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SehaTech Lands $1.1M to Modernize Health Insurance Infrastructure Across North Africatechbuild.africa•Oct 20, 2025•Beltone, Sehatech, Plus VC, Ingressive Capital and 1 other
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Health Tech Secures $1.1 Million in Second Funding Roundhapijournal.com•Oct 19, 2025•Beltone, Health in Tech, Plus VC, Ingressive Capital and 11 others
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REasy, a Cameroonian fintech startup Secures $1.8M in a pre-seed funding roundTechgist Africa•Oct 16, 2025•54 Collective, REasy, Digital Africa, Launch Africa and 2 others
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MNZL, an Egyptian fintech startup, has raised $3.5 million in a seed roundTechgist Africa•May 23, 2024•Mnzl, P1 Ventures, LocalGlobe, Ingressive Capital and 5 others
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Logistics startup Renda closes US$1.9 million pre-seed round to enhance its offeringsAfrica CEO Voices•May 16, 2024•Renda, Ingressive Capital, Techstars, Magic Fund and 1 other
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Fintech MNZL raises USD 3.5 millionThe Paypers•May 13, 2024•P1 Ventures, Mnzl, Ingressive Capital, LocalGlobe and 6 others
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Fintech Startup MNZL Raises $3.5M to Introduce New Lending OptionsStartup Scene•May 08, 2024•Mnzl, P1 Ventures, LocalGlobe, Ingressive Capital and 7 others
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Renda completes a pre-seed funding round with $1.9 millionTechgist Africa•May 04, 2024•Renda, Ingressive Capital, Techstars, 54 Collective and 7 others
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Nigeria’s Renda raises $1.9m to Optimize Order Fulfillment for Businesses in AfricaTechMoran•May 03, 2024•Renda, 54 Collective, Golden Palm Investments, Reflect Ventures and 7 others
