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First Circle Capital

vc$30MCo-invests

◆ Fund Size

$30M

◆ Check Size

$0.1M→$0.5M

◆ Location

Morocco

◆ Portfolio

31 companies

◆ Activity

Statusactively investing

◆ Links

Website ↗@firstcirclecap on X ↗

◆ Share this fund

ShareXLinkedInEmail

◆ Investment Thesis

The fund focuses on pre-seed and seed-stage companies addressing gaps in financial inclusion, infrastructure, and digital finance, with a dual offering of capital and operational support to prepare startups for series A rounds.

◆ About First Circle Capital

First Circle Capital is a female-led venture capital firm based in Casablanca and Kampala, focusing exclusively on pre-seed and seed-stage fintech startups across Africa. The firm provides capital along with hands-on operational and business development support to prepare founders for Series A readiness. It targets companies solving challenges in financial inclusion, infrastructure, and digital finance.

◆ Sectors

FintechBanking InfrastructurePaymentsLending

◆ Stages

pre-seedseed

◆ Geography Focus

Africa

◆ Team

NameTitleRoleLinks
Ming S. KwanHead of PortfolioSeniorin
Zach HokfeltChief of StaffSeniorin
Agnes Aistleitner KisuuleCo-Founder & Partnerpartnerin
Prosper Atukwatsesenior investment analyst—in
Rob SmithPrincipal & Head of OperationsPrincipalin
Selma RibicaCo-Founder & Managing Partnerpartnerin

◆ Tracked Investments

◆ Notable Investments

PowerTurnStayOparetaScaleE-Doc OnlineBaladOolaWiASSURWafRCredrailsOrcaMnzlQontoExpensyaDashBambooTHNDRTerminal AfricaCredpalMNZL

◆ Traits

Leads rounds

Co-invests

◆ FAQ

What does First Circle Capital invest in?

First Circle Capital invests in Fintech, Banking Infrastructure, Payments and Lending at the pre-seed and seed stages.

Which geographies does First Circle Capital focus on?

First Circle Capital focuses on Africa, and is headquartered in Morocco.

What is First Circle Capital's typical check size?

First Circle Capital typically writes checks of $0.1M to $0.5M.

Which startups has First Circle Capital backed?

First Circle Capital has 1 tracked investment on Fusion42, including Cyclops.