Flourish Ventures, a global fintech venture capital company, has opened a new office in Nairobi to support African fintech startups.
The office, according to the Silicon Valley-based VC company, will help its investment team better serve entrepreneurs around the continent who are creating technologies that help people and small businesses boost their financial health and economic resilience.
Flourish Ventures is focusing on increasing its investment in Africa and adding to its growing portfolio of a dozen startups, including Apollo Agriculture, Fair Money, Financial Services Innovators (FSI), Flutterwave, Lendable, Pula, and Paga, which are all based in Nigeria, Ghana, Egypt, and Kenya.
Efayomi Carr, who will oversee the company’s activities in Nairobi, was recently appointed as Principal by Flourish.
Carr is a seasoned entrepreneur who previously worked as the Head of Strategic Finance for Lori, a tech company that develops cost-effective business infrastructure for Africa’s trucking industry.
“We believe Africa is at the forefront of developing creative and ground-breaking fintech solutions with global significance, and we are thrilled that our Nairobi office will provide us with greater access across the continent,” Costa said.
“Efayomi has a large network in Africa and will collaborate closely with investors and entrepreneurs to foster innovative solutions that will improve the financial well-being of African households and small businesses.”
Carr also expressed hope about opening an office in Africa, citing the continent’s fintech industry’s strength in the aftermath of the Covid-19 pandemic.