About Sofemi Group
Sofemi Group is a venture capital firm founded in 2021. It is primarily based out of Moscow, Russia. It primarily invests in Nigeria based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to FinTech and InsurTech. Overall, Sofemi Group portfolio has seen 2 acquisitions, namely Wefox and Open Lending. Sofemi Group has team of 2 people including 1 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Portfolio Acquisitions
Portfolio Soonicorns
Sofemi Group's List of All Investments
Sofemi Group has a portfolio of 3 companies. Their most notable investments include Kuda and Wefox.Their portfolio spans across Nigeria, Switzerland and United States. They have invested in Enterprise Applications, FinTech, InsurTech and 2 other sectors. Here is the list of all investments by Sofemi Group:
1. Kuda
Provider of a digital bank for individuals. Its services include savings accounts, NFC-enabled prepaid cards, bill payments, and online and offline transactions. It also offers smart budgeting for expenditure monitoring, automated savings with yearly interests, and the option to freeze and unfreeze debit cards by using the application. Its application is available on Android and IOS platforms.
Key facts about Kuda
- Founded Year: 2017
- Location: Lagos (Nigeria)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $91.6M
- Employee Count: 813 as on Jul 31, 2026
- Investors: Valar Ventures, SBI Investment and 19 Others
- Latest Funding Round: Series B, Aug 02, 2021, $*****
- Highlight: Editors' Pick
2. Wefox
App-based P&C insurance comparison platform for individuals. It offers quotes for motor, personal liability and household insurances. It offers a platform for users to manage policies digitally. The app is available for Android and iOS platforms.
Key facts about Wefox
- Founded Year: 2015
- Location: Roggwil (Switzerland)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $1.61B
- Employee Count: 299 as on Jul 31, 2026
- Investors: Goldman Sachs, Merian Global Investors and 62 Others
- Latest Funding Round: Series D, Jul 09, 2025, $*****
- Highlight: Acquired
3. Open Lending
Provider of an automated lending platform for financial institutions and retailers. It offers technology that transforms the auto lending industry. The platform provides analysis for accurate pricing commensurate with application risk. It delivers rate analysis and automated decisioning. The platform integrates with existing systems and processes. It offers default protection from insurers.
Key facts about Open Lending
- Founded Year: 2000
- Location: Austin (United States)
- Annual Revenue: $50M - $100M as on Dec 31, 2025
- Stage: Acquired
- Total Funding till date: $50M
- Employee Count: 167 as on Jul 31, 2026
- Investors: Bregal Sagemount, Sofemi Group and 6 Others
- Latest Funding Round: Series C, Mar 21, 2016, $*****
- Highlight: Acquired
Acquired companies in Sofemi Group's Portfolio
2 companies from Sofemi Group's portfolio have been acquired. The most recent acquisition was Open Lending.Here are Sofemi Group's portfolio companies that got acquired most recently:
Filter this listCompany | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 16, 2026 | - | - | 2162 | |
Jun 16, 2025 | - | - | 5399 |
