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About Microtraction
Microtraction is a venture capital firm founded in 2017. It is primarily based out of Lagos, Nigeria. As of Jan 2026, Microtraction is an active investor, having invested in 70 companies, with 1 new investment 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 Enterprise Applications to FinTech and Consumer. Most recently it participated in the $***** Seed round of Paycrest Overall, Microtraction portfolio has seen 4 acquisitions including key companies like ORDA, Payday and Accounteer. A lot of funds co-invest with Microtraction, with names like Ventures Platform sharing a substantial percentage of its portfolio. Microtraction has team of 10 people including 5 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed & Convertible Debt
Deals in last 12 months
Microtraction's List of Top Investments
Microtraction has a portfolio of 70 companies. Their most notable investments are in TalentMatch and Sendbox.Their portfolio spans across Nigeria, United States, United Kingdom and 6 more locations. They have invested in Enterprise Applications, FinTech, Consumer and 19 other sectors, across stages such as Seed, Convertible Debt stages. Here is the list of top investments by Microtraction:
1. LemFi
Provider of international money transfer and multi-currency account services. It facilitates sending and requesting money internationally. The platform offers multi-currency accounts for sending and receiving money. It also provides resources like a blog, career opportunities, and promotional offers.
Key facts about LemFi
- Founded Year: 2020
- Location: London (United Kingdom)
- Stage: Series B
- Total Funding till date: $86.8M
- Employee Count: 435 as on Mar 31, 2026
- Investors: Endeavor, Left Lane and 11 Others
- Latest Funding Round: Series B, Oct 03, 2024, $*****
2. CowryWise
CowryWise is an online & app-based savings platform for individuals. It offers services such as savings & mutual funds, goal-based savings, portfolio management, and more. It enables users to save for long-term goals such as education, housing, retirement, wedding, and more. App is available on iOS & Android devices.
Key facts about CowryWise
3. Aya Data
Key facts about Aya Data
- Founded Year: 2020
- Location: Holborn (United Kingdom)
- Annual Revenue: £203K as on Dec 31, 2022
- Stage: Seed
- Total Funding till date: $2.05M
- Employee Count: 164 as on Mar 31, 2026
- Investors: Microtraction, 54 Collective and 2 Others
- Latest Funding Round: Seed, Jan 30, 2026, $*****
4. Bumpa
Provider of suite solution for businesses. The platform helps to create an online store. Its features include manage orders & products, track sales, share products across Facebook, Instagram & Twitter, payment gateway, inventory management, sales reports, and send notifications to the customers directly through the app. The company offers mobile applications for Android and iOS devices. The company offers the solution on subscription-based policy.
Key facts about Bumpa
- Founded Year: 2020
- Location: Lekki (Nigeria)
- Stage: Seed
- Total Funding till date: $4.2M
- Employee Count: 57 as on Mar 31, 2026
- Investors: Plug and Play Tech Center, DFS Lab and 18 Others
- Latest Funding Round: Seed, Oct 19, 2022, $*****
- Highlight: Editors' Pick
5. 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
Microtraction's Year-on-Year Investment Trends
Microtraction has invested in 70 companies over the last 9 years, with an average of 4 new investments annually in the last 5 years. In 2025, it made 1 investment, while as of Jan 2026, it has made 1 investment in this year. Its most recent first time investment was in Paycrest and most recent follow-on round was in Bitsika.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 1 | 0 | 1 |
2025 | 1 | 0 | 1 |
2024 | 3 | 0 | 3 |
2023 | 3 | 0 | 3 |
2022 | 7 | 0 | 7 |
2021 | 5 | 0 | 5 |
2020 | 4 | 0 | 4 |
2019 | 4 | 1 | 5 |
2018 | 7 | 1 | 8 |
2017 | 2 | 0 | 2 |
Microtraction's Investments by Stage
Microtraction has made 36 investments in Seed stage with an average round size of $626K and 1 investment in Convertible Debt stage with an average round size of $50K.Stage of entry | No. of Investments |
|---|---|
Seed | 36 |
Convertible Debt | 1 |
Note: We have considered here, only first round of investments
Microtraction's Investments by Sector
Microtraction has a diverse portfolio, with companies operating in the Enterprise Applications, FinTech, Consumer, Vertical SaaS and High Tech. Notably, it has invested in 59 Tech companies, 40 Enterprise (B2B) companies, 33 Consumer (B2C) companies and at least 32 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 17 |
FinTech | 13 |
Consumer | 7 |
Vertical SaaS | 6 |
High Tech | 4 |
Others | 28 |
Note: We have considered here, only first round of investments
Microtraction's Investments by Geography
Microtraction has made most investments in Nigeria (20), followed by United States where it has made 7 investments.Country | No. of Investments |
|---|---|
Nigeria | 20 |
United States | 7 |
United Kingdom | 5 |
Canada | 3 |
Belgium | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Microtraction's recent investments
Microtraction has made 1 investments in 2026 so far - Paycrest.Here are the most recent investments by Microtraction:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jan 16, 2026 | United States | Seed | 2836 | [+3] | |
Feb 2025 | United States | Seed | 6832 | - | |
Dec 20, 2024 | United Kingdom | Seed | 3501 | [+6] | |
Dec 16, 2024 | Nigeria | Seed | 9590 | [+5] | |
Jul 25, 2024 | Nigeria | Seed | 1781 |
Acquired companies in Microtraction's Portfolio
4 companies from Microtraction's portfolio have been acquired. The most recent acquisition was ORDA in Mar 2026 by Moniepoint for $*****.Here are Microtraction's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 23, 2026 | Jan 18, 2022 | Seed | 2379 | |
Dec 05, 2023 | Oct 08, 2021 | Seed | 5656 | |
Sep 26, 2023 | - | - | 2016 | |
Aug 12, 2022 | Oct 09, 2018 | Seed | 2998 |
Team profile of Microtraction
Microtraction has a team of 10 members including 5 Partners and 1 Principal located in United Kingdom, United States and 2 more locations. Microtraction's team does not sit on the board of any company as of now.Here is a list of all team members in Microtraction:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | United Kingdom | - | ||
Partner | Nigeria | - | ||
Partner | New York City | - | - | |
Partner | London | - | ||
Partner | United States | - | ||
Principal | Ghana | - |
Co-investors of Microtraction
Over the past 9 years, 240 investors have co-invested in Microtraction's portfolio companies. This includes funds and angels.
- Invested before Microtraction: Y Combinator, Itanna and 4 others have invested in rounds before Microtraction. There is 1 company where Y Combinator has invested before Microtraction and 1 company where Itanna has invested before Microtraction.
- Top Co-investors of Microtraction: 102 investors entered a company along with Microtraction. These include investors like Ventures Platform (4 companies).
- Invested after Microtraction: A total of 132 investors have invested in Microtraction's portfolio after their investments. Top Investors include Y Combinator (6 companies), Endeavor (2 companies) and Quona (2 companies).
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