A US$15 million first close of Microtraction’s second fund has been announced. Microtraction is an early-stage venture capital firm that invests in African technology firms at the pre-seed level. Yele Bademosi and Kwamena Afful started Microtraction in 2017, and with the help of PAVE Investments, Michael Seibel, Andy Volk, and Chris Shultz, they have since…
Pivo, a credit-focused financial services company for SME supply chain players in Nigeria, has acquired an unknown amount of money from early-stage venture capital firm Microtraction. Pivo, founded last year by Nkiru Amadi-Emina and Ijeoma Jacquelyn Akwiwu, provides a novel and more effective approach for SME owners in the supply chain sector to obtain financial…
Dayo Koleowo’s career path has taken him from construction to food delivery to venture capital, but he believes the lessons he has learned will serve him well as he backs innovative African tech startups with early-stage VC firm Microtraction. Koleowo studied Quantity Surveying at university and went to work in the public sector preparing bills…