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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 Jun 2026, Microtraction is an active investor, having invested in 71 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 Enterprise Applications to FinTech and High Tech. Most recently it participated in the $***** Seed round of Growwr Overall, Microtraction portfolio has seen 4 acquisitions including key companies like Chaka, ORDA and Payday. 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
Microtraction's List of Top Investments
Microtraction has a portfolio of 71 companies. Their most notable investments are in TalentMatch and Stack Diagnostics.Their portfolio spans across Nigeria, United States, United Kingdom and 5 more locations. They have invested in Enterprise Applications, FinTech, High Tech and 20 other sectors, across stages such as Seed, Convertible Debt stages. Here is the list of top investments by Microtraction:
1. LemFi
Provider of global money transfer and multi-currency wallet services. It offers digital wallets that allow users to hold, convert, and send funds globally across supported regions. It enables fast and cost-efficient remittances to multiple countries, supporting transfers to bank accounts and other payout methods while offering competitive exchange rates and low or zero transfer fees. It also provides additional financial features such as virtual cards, mobile-based money management, and optional connectivity services like eSIM access for global travelers.
Key facts about LemFi
- Founded Year: 2020
- Location: London (United Kingdom)
- Stage: Series B
- Total Funding till date: $86.9M
- Employee Count: 462 as on Aug 31, 2026
- Investors: Highland Europe, Global Founders Capital and 13 Others
- Latest Funding Round: Series B, May 18, 2026, $*****
2. 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: 60 as on Aug 31, 2026
- Investors: Plug and Play Tech Center, Magic Fund and 19 Others
- Latest Funding Round: Seed, Oct 19, 2022, $*****
- Highlight: Editors' Pick
3. Termii
Provider of cross-channel messaging and eSIM connectivity solutions. It offers businesses a platform to engage customers seamlessly across various channels, including SMS, email, voice, and WhatsApp. The platform facilitates customer verification and authentication processes. It also provides APIs for easy integration into existing systems, enabling developers to build custom communication solutions. A key offering is seamless eSIM connectivity, allowing for data roaming in numerous countries. The company focuses on efficient message delivery and cost-effective solutions for businesses of all sizes.
Key facts about Termii
- Founded Year: 2013
- Location: Lagos (Nigeria)
- Stage: Series A
- Total Funding till date: $5.18M
- Employee Count: 62 as on Sep 30, 2026
- Investors: Serunjogi Ventures, FinTech Collective and 32 Others
- Latest Funding Round: Series A, Jun 12, 2023, $*****
- Highlight: Editors' Pick
4. 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
- Founded Year: 2017
- Location: Lagos (Nigeria)
- Stage: Seed
- Total Funding till date: $3.69M
- Employee Count: 5,776 as on Aug 31, 2026
- Investors: Actions Capital, Quona and 9 Others
- Latest Funding Round: Seed, Jan 28, 2021, $*****
- Highlight: Editors' Pick
5. Chaka
Provider of a regular trading platform for stocks. It allows users to invest in stocks and ETFs on international stocks. It also provides assets and portfolios handpicked by asset managers to invest in.
Key facts about Chaka
- Founded Year: 2019
- Location: Lagos (Nigeria)
- Stage: Acquired
- Total Funding till date: $1.53M
- Employee Count: 152 as on Aug 31, 2026
- Investors: Breyer Capital, Musha Ventures and 7 Others
- Latest Funding Round: Seed, Jul 20, 2021, $*****
- Highlight: Acquired
Microtraction's Year-on-Year Investment Trends
Microtraction has invested in 71 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 Jun 2026, it has made 2 investments in this year. Its most recent first time investment was in Growwr and most recent follow-on round was in Bitsika.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 2 | 0 | 2 |
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 37 investments in Seed stage with an average round size of $612K and 1 investment in Convertible Debt stage with an average round size of $50K.Stage of entry | No. of Investments |
|---|---|
Seed | 37 |
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 Blockchain - Industry Applications. Notably, it has invested in 60 Tech companies, 41 Enterprise (B2B) companies, 33 Consumer (B2C) companies and at least 33 companies focusing on Software.Sector | No. of Investments |
|---|---|
Enterprise Applications | 19 |
FinTech | 15 |
Consumer | 7 |
Vertical SaaS | 6 |
Blockchain - Industry Applications | 5 |
Others | 32 |
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 8 investments.Country | No. of Investments |
|---|---|
Nigeria | 20 |
United States | 8 |
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 2 investments in 2026 so far - Growwr and Paycrest.Here are the most recent investments by Microtraction:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jun 27, 2026 | United States | Seed | 3908 | [+1] | |
Jan 16, 2026 | United States | Seed | 8915 | [+3] | |
Feb 2025 | United States | Seed | 5635 | - | |
Dec 20, 2024 | United Kingdom | Seed | 8346 | [+6] | |
Dec 16, 2024 | Nigeria | Seed | 7641 | [+5] |
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 | 9848 | |
Dec 05, 2023 | Oct 08, 2021 | Seed | 7868 | |
Sep 26, 2023 | - | - | 7540 | |
Aug 12, 2022 | Oct 09, 2018 | Seed | 9012 |
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, 242 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: 103 investors entered a company along with Microtraction. These include investors like Ventures Platform (4 companies).
- Invested after Microtraction: A total of 133 investors have invested in Microtraction's portfolio after their investments. Top Investors include Y Combinator (6 companies), Endeavor (2 companies) and Jedar Capital (2 companies).
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