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First Circle

Casablanca, Morocco · Invests in Africa · Website

Pre-SeedSeedB2B SaaSDeveloper ToolsFintechInsuranceFintech & PaymentsEnterprise Software

Thesis

Build transformational fintech companies addressing financial inclusion across Africa. Support founders with capital, operational expertise, and network access. Increase women's participation in tech investing and founding.

Likely not a fit for

Non-fintech companies, companies outside Africa, founders without demonstrated execution capability

How they invest

Lead or follow
Usually leads
Typical decision
~2 weeks
Warm intro
Not required
Involvement
Takes a board seat
Fund status
Actively deploying
Assets under mgmt
$30M
Decision process
Partnership vote

Partners & team

3 contacts on file

AA

Agnes Aistleitner

PartnerPartner · Primary contact

+ Pitch

a•••@fi•••.capital

LinkedIn profile

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AF

Alex F

PartnerPartner

+ Pitch

a•••@fi•••.capital

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SR

Selma Ribica

General PartnerCo-Founder & Managing Partner

+ Pitch

Portfolio

PowerSemiconductors Hardware

Power Integrations specializes in high-performance power conversion technologies, including AC-DC conversion, LED drivers, gate drivers, and motor drivers, with a focus on next-generation applications such as AI data centers.

TurnStayFintech Payments

TurnStay is a fintech company designed for the travel industry, providing an all-in-one finance toolkit for African travel businesses to handle their global finance operations, reduce payment fees, and optimize payment processes.

OparetaEnterprise Software

Opareta is building digital infrastructure for analog agent networks. With our mobile app, mobile money agents not only digitize their operations but also get access to the data analytics and working capital they need to sustainably grow their businesses.

ScaleEnterprise Software

Scale delivers proven data, evaluations, and outcomes to AI labs, governments, and the Fortune 500, focusing on AI-powered intelligence platforms for innovation execution.

E-Doc OnlineFintech Payments

E-Doc Online provides an open banking infrastructure that connects financial institutions to millions of bank accounts, enabling secure data access and processing of payments through a single API.

OrcaFintech Payments

Orca is a decentralized exchange (DEX) on the Solana blockchain that allows users to provide liquidity and earn trading fees. It features concentrated liquidity pools and offers tools for managing positions and optimizing returns.

CredifyFintech Payments

Credify is an all-in-one platform that provides seamless global trade solutions for African importers, offering services such as invoice financing, cross-border payments, and end-to-end logistics.

PumpknFintech Payments

Pumpkn provides fast and flexible business funding solutions specifically tailored for the agriculture and food sectors in South Africa, aiming to empower SMEs to grow and succeed.

TerminalDeveloper Tools Infra

Terminal is a platform that connects companies with elite remote software engineers, offering flexible hiring solutions including full-time, contract, and employment options.

BaladFintech Payments

Balad specializes in providing seamless cross-border payment solutions to businesses worldwide, ensuring efficiency, security, and reliability in transactions.

OolaFintech Payments

Oola is an innovative insurance distribution platform dedicated to transforming the insurance industry through technology, offering insurers, brokers, and consumers a simplified, efficient, and accessible insurance journey.

WiASSURInsurance

WiASSUR is an insurance brokerage firm based in Côte d'Ivoire that simplifies the insurance process by comparing offers from all market insurers to help clients find the best coverage at competitive prices.

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Research briefRead more
First Circle Capital Research Investment Thesis First Circle Capital is an Africa-focused venture capital fund dedicated to seeding the next generation of fintech leaders across the continent. Founded in 2021 by Selma Ribica and Agnes Aistleitner Kisuule, the fund is built on the principle of supporting entrepreneurs through not just capital, but operational expertise and deep industry networks. T

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