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DFS Lab

North America, Washington, United States, Seattle

Description

DFS Lab is a fintech incubator that empowers communities through mentorship and strategic advice to early-stage startups.

Investor Profile

DFS Lab has made 41 investments, with 2 in the past 12 months and 29% as lead.

Stage Focus

  • Seed (44%)
  • Pre Seed (44%)
  • Non Equity Assistance (5%)
  • Angel (2%)
  • Grant (2%)
  • Series A (2%)

Country Focus

  • Nigeria (29%)
  • Kenya (29%)
  • United States (10%)
  • United Kingdom (5%)
  • South Africa (5%)
  • Ghana (5%)
  • Canada (2%)
  • Zambia (2%)
  • Egypt (2%)
  • Morocco (2%)

Industry Focus

  • Fintech
  • Financial Services
  • Finance
  • E-commerce
  • Software
  • Retail Technology
  • Delivery
  • Consumer Software
  • Payments
  • Customer Service
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does DFS Lab frequently co-invest with?

Techstars
North America, Colorado, United States, Boulder
Co-Investments: 4
Aidi Ventures
North America, California, United States, San Jose
Co-Investments: 3
Hustle Fund
North America, California, United States, San Carlos
Co-Investments: 4
Ventures Platform
North America, Prince Edward Island, Canada, Victoria
Co-Investments: 4
H
Europe, Dublin, Ireland, Dublin
Co-Investments: 5
MAGIC Fund
North America, California, United States, Los Angeles
Co-Investments: 4
Microtraction
Africa, Lagos, Nigeria, Lagos
Co-Investments: 4
LoftyInc Capital
Africa, Lagos, Nigeria, Ikeja
Co-Investments: 4
Sherpa Africa Partners
Africa, Nairobi Area, Kenya, Nairobi
Co-Investments: 4
Future Africa
North America, California, United States, San Francisco
Co-Investments: 3

Which angels does DFS Lab often collaborate with?

Idris Ayodeji Bello
Africa, Nigeria
Shared Deals: 2
PT
Europe, England, United Kingdom, London
Shared Deals: 1
CA
Europe, England, United Kingdom, London
Shared Deals: 2
MC
Europe, Vlaams-Brabant, Belgium, Leuven
Shared Deals: 1
Olugbenga Agboola
Africa, Nigeria
Shared Deals: 2
Mohamed Hussein Ali
Africa, Al Qahirah, Egypt, Cairo
Shared Deals: 1
PM
Europe, England, United Kingdom, London
Shared Deals: 2
Oo Nwoye
Africa, Nigeria
Shared Deals: 2
LO
North America, District of Columbia, United States, Washington
Shared Deals: 1
Prosper Otemuyiwa
Africa, Nigeria
Shared Deals: 3

What are some of recent deals done by DFS Lab?

Stable Sea

San Francisco, California, United States

Stable Sea provides seamless, compliant, cost-effective stablecoin offramping solutions.

FinanceSoftwareWeb Development
SeedMar 19, 2025
Amount Raised: $3,500,000
TurnStay

Cape Town, NA - South Africa, South Africa

TurnStay helps travel industry to radically reduce payment costs and improve conversion.

FinTechTravel
SeedJul 15, 2024
Amount Raised: $300,191
Chargel

Abidjan, Lagunes, Côte d'Ivoire

Chargel is a freight brokerage platform that connects hippers and carriers with avalable trucks.

Logistics
SeedApr 20, 2023
Amount Raised: $2,000,000
Payday

Vancouver, British Columbia, Canada

Payday is a fintech platform that offers global payment solutions such as virtual mastercards and foreign employee payments.

FinanceFinancial ServicesFinTechPayments
SeedMar 29, 2023
Amount Raised: $3,000,000
Terraa

Casablanca, Grand Casablanca, Morocco

Terraa is a B2B distribution platform in Moroccan.

Food ProcessingInformation Services
Pre SeedFeb 13, 2023
Amount Raised: $1,500,000
CutStruct

Lagos, Lagos, Nigeria

At the heart of standardizing the construction industry in Africa. Use our building materials price index + construction management apps.

ConstructionProcurementSoftware
Pre SeedNov 10, 2022
Amount Raised: $600,000
Bumpa

Lagos, Lagos, Nigeria

Bumpa is a mobile-based infrastructure powering digital commerce for African small business owners.

Consumer SoftwareE-CommerceRetail Technology
SeedOct 19, 2022
Amount Raised: $4,000,000
Logistics Hub

Yaba, Lagos, Nigeria

Logistics Hub is a building an ecosystem that would drive end to end delivery solution for businesses.

Logistics
Pre SeedOct 1, 2022
Amount Raised: $200,000
Pastel

Yaba, Lagos, Nigeria

Pastel supports African businesses by offering tools that help manage their businesses and maximize efficiency.

Information TechnologyProductivity Tools
SeedAug 15, 2022
Amount Raised: $5,500,000
Terminal

Delaware City, Delaware, United States

Terminal is the easiest way to start your online business in Africa.

E-CommerceLogisticsPayments
SeedJun 1, 2022
Amount Raised: $2,100,000