Duncan Muchangi

Global Head - Business Development @ Fonbnk

📍 Kenya🔄 Updated September 2026💼 10 investments📅 6 years investing🗓 Last invested Jun 2022
VC🌍 Kenya
10
Total investments
6
Early stage
3
Mid stage
1
Late stage
6y
Years active

Portfolio

10 investments · sorted by recency
All investments
Early stage
Mid stage
Late stage
Investor
Jun 2022
Bitmama is a crypto-fiat exchange that allows traders to buy and sell Bitcoin, Ethereum, Celo and other digital assets.
Investor
Mar 2022
Providing businesses with the tools and credit they need to grow.
Investor | Board Observer
Feb 2022
What use cases are applicable for you? 1. Digital lending - connect to our financial data API to retrieve statements for purposes of credit scoring for individual customers and corporate entities. 2. Reconciliation for ERP and accounting modules - Through our financial data API, we are making it possible for you to pull in instant payment notifications and account statements for purposes of receivables, payables and end of month financial statements. 3. SAP ERP reconciliation - We are building a reconciliation custom module for SAP ECC customers to enhance integrated receivable management, reduced DSO, cash flow planning, etc. 4. Marketplace - using the payment APIs, we are making it possible to have a one-step check-out and payment option via bank payment rails. Currently, MPESA and Card are the only payment methods. We love this product! and we are launching by May 1!
Investor
Jan 2022
Credrails is building the open finance rails for Africa by connecting various data sources into a single api for a variety of use cases.
Investor
Dec 2021
ThankUCash is a robust business and customer management platform for businesses and banks across Africa. With tools like Loyalty, inventory management, staff appraisal, customer analytics, sales analytics, surveys, direct marketing tools, gift card system, and embedded payment infrastructure.
Investor
Nov 2021
Fonbnk is a new distributed finance company enabling a frictionless, financial onramp for emerging markets. Leveraging the existing network of mobile phone accounts, anyone with a prepaid mobile SIM card can now have access to the global digital economy. We are driving financial inclusion through digital access for the nearly 2-billion humans who are unbanked.
Investor
Oct 2021
Touch and Pay Technology Services Limited (TAP); is Digitizing and Processing microtransactions in Africa via several channels, and financial including in the process. TAP is currently transforming the payment landscape in Nigeria by facilitating financial inclusion and ensuring 99.9% reliability in cashless transaction processes. We have our footprints in education, revenue collection (in private & public sectors), transportation, health insurance and events ticketing. TAP will enable an organization meet its revenue target in the informal sector by ensuring 99.9% reliability in cashless transactions through its offline feature, while solving the biggest challenges in the informal sector tax collection process using the TAP Automation Solution. Our revenue assurance platform will assist the organization to register, collect, and track payments made on the field.
Investor
Jun 2021
Verto is a global B2B payments solution that helps businesses send money to anyone, anywhere. Using a purposefully built tech infrastructure and payment rails, you can instantly send and receive money in over 200 countries. Today, Verto helps 1000+ customers from startups, SMEs to large corporate companies convert millions of dollars per year. Using our liquidity and price discovery marketplace solution, new customers can convert between 49 currencies, open bank account or wallets in seconds and make payments on a single platform.
Investor
Nov 2020
Flouci (by Kaoun) is a financial super-app for francophone Africa. It offers fully digital onboarding, free bank accounts, wallets for payments and transfers, and other financial services for the unbanked and underserved. Our app provides free banking and wallet services for every person and enables people to access quality financial services over time based on their profile, from credit to investments, and insurance. Our product allows for that through the very first 100% electronic KYC to open bank accounts without physical presence, removing the biggest barrier to entry for this target population. Our product is also the first of its kind to be available in the local dialect and aims to make people financially literate and included, as well as allow them to build a credit history and gain access to finance. We use technology and work with local regulators to build a product that is inclusive and accessible to most.
Investor
Jan 2020
We invest in idea-stage and pre-seed fintechs globally, anchoring on founder-market fit. Our portfolio includes Pomelo, Simetrik, Sydecar, Stitch, Abhi and TripleA.
Experience · 17 entries
All (17)
Investments (10)
Board (1)
2023
Investment Committee
Jan 2023
Set up in 2013, the fund’s founding partners chose to shift the narrative to address the sustainability of the cultural and creative industries in the region by providing an innovative financing solution for creative enterprises. Our mission is to fuel the growth of the creative industries in Africa, empower burgeoning youth-led and women-led digital and creative enterprises, promote business and intellectual property ownership, and contribute to sustainable livelihoods for cultural practitioners and artisans.
2022
Investor
Jun 2022
Bitmama is a crypto-fiat exchange that allows traders to buy and sell Bitcoin, Ethereum, Celo and other digital assets.
Investor
Mar 2022
Providing businesses with the tools and credit they need to grow.
Investor | Board Observer
Feb 2022
What use cases are applicable for you? 1. Digital lending - connect to our financial data API to retrieve statements for purposes of credit scoring for individual customers and corporate entities. 2. Reconciliation for ERP and accounting modules - Through our financial data API, we are making it possible for you to pull in instant payment notifications and account statements for purposes of receivables, payables and end of month financial statements. 3. SAP ERP reconciliation - We are building a reconciliation custom module for SAP ECC customers to enhance integrated receivable management, reduced DSO, cash flow planning, etc. 4. Marketplace - using the payment APIs, we are making it possible to have a one-step check-out and payment option via bank payment rails. Currently, MPESA and Card are the only payment methods. We love this product! and we are launching by May 1!
Investor
Jan 2022
Credrails is building the open finance rails for Africa by connecting various data sources into a single api for a variety of use cases.
Show all 17 entries ↓
Investment activity
2020–2022 · 10 investments
202022021420224
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