KENYA – Flourish Ventures, a global fintech venture capital firm and a subsidiary of the Omidyar Network of the United States of America, has opened a new office in Nairobi to support fintech entrepreneurs in Africa.

The aim of opening the new office is to support its investment team to better serve entrepreneurs across Africa who are building innovations that help advance financial health and economic resilience for people and small businesses.  

Flourish Ventures recently hired Efayomi Carr as Principal who will manage the company’s operations in Nairobi.

Carr is an experienced entrepreneur who previously served as Head of Strategic Finance for Lori, a tech startup that builds cost-saving market infrastructure for the trucking sector in Africa.

Efayomi Carr joins the firm’s Africa investment team that includes Managing Partner Arjuna Costa and Venture Partner Ameya Upadhyay.  

“Africa is on the cutting edge in the development of innovative and ground-breaking fintech solutions with global relevance, and we are delighted that our Nairobi office will give us greater access across the continent”

Arjuna Costa – Managing Partner, Flourish Ventures

“We believe Africa is on the cutting edge in the development of innovative and ground-breaking fintech solutions with global relevance, and we are delighted that our Nairobi office will give us greater access across the continent,” said Costa.

“Efayomi has a strong network in Africa and will work closely with partners and entrepreneurs to nurture the creative solutions that will enhance the financial wellbeing of households and small businesses across the continent,” Costa added.

Carr also expressed his optimism in opening the office in Africa due to the strength of the continent’s fintech industry coming off of the back of the Covid-19 pandemic. 

“We are a deliberative and thesis-driven investor who wants to help fintech entrepreneurs achieve real and broad impact across Africa,” said Carr.

“I am excited to take part in the growth of our firm’s African presence and am optimistic that African fintech entrepreneurs will continue to deliver real results and make a positive financial impact for consumers and small businesses.” 

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