NIGERIA– Outlierz Ventures, an Africa-focused and Morocco-based business to business venture capital fund (B2B VC fund) has announced new investments into three Nigerian startups – Bamboo, Youverify and Healthlane.
The three selected tech-enabled startups will utilise the funding received from Outlierz Venture to in various sectors including fintech, healthtech, logistics, and supply chain.
This new set of startups brings to eight, the total number of startups Outlierz Ventures has invested in four African markets. The VC fund has previously invested in WaystoCap (Morocco), Sokowatch (Kenya), MaxAB (Egypt), and TousFacteurs (France) and Asoko Insights (Sub-Saharan Africa).
“We are delighted to announce our new equity investments in three African technology companies and are very proud of the exceptional results of our portfolio,” Kenza Lahlou, co-founder and Managing Partner of Outlierz Ventures said.
“The African market represents a huge opportunity to build innovative technological platforms that transform traditional business models in all key sectors of the economy.”
Kenza Lahlou – Co-founder and Managing Partner, Outlierz Ventures
“The African market represents a huge opportunity to build innovative technological platforms that transform traditional business models in all key sectors of the economy. The health crisis we are currently experiencing is catalysing this digital transformation.
“This is evidenced by the recent acquisition of Paystack, a Nigerian fintech in payments, by the US leader, Stripe, valued at US$34 billion, for more than US$200 million last October. I am convinced that this is a major event in the African ecosystem which will lead to others,” Kenza added.
Covid-19 has created opportunities for Outlierz Ventures to invest in three companies.
YouVerify, a Nigeria-based startup, has created a unique technology that automates and digitises the KYC (Know-Your-Customer) check process.
This allows banks and telecom operators to digitally verify the identity of their customers and provide them with remote services.
Nigeria-based tech startup, Bamboo, provides a service that enables Nigerians the opportunity to invest in the US stock market via a mobile app that is directly connected to their Nigerian bank account. Users are also capable of accessing capital markets and evening out investment.
Healthlane, a healthtech startup located and operational in Cameroon and Nigeria provides a premium healthcare service in public hospitals.
The company not only offers digital services but provides online appointment booking, telemedicine, and access to laboratory test results via a mobile app. This assists public hospitals with capacity and efficiency-related issues.
Founded in 2019, Outlierz Ventures is a venture capital fund dedicated to technology companies. It was launched by a team of Moroccan and African entrepreneurs and investment professionals, united around values and a common passion for entrepreneurship, innovation and Africa, with the ambition of take part in the emergence of the continent’s next success stories.
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