Fundfrica, a new Nigerian fintech venture, has launched to redefine social crowdfunding across Africa, offering a secure platform for NGOs, startups, and verified individuals to raise funds for emergencies, healthcare, and community-driven causes.
Founded by Akeeb Ismail, Ismail Adeoye, and Adeyemi Qudus, the startup aims to bridge the continent’s $2.5 billion crowdfunding gap by 2025, leveraging real-time transparency to combat fraud and rebuild donor trust.
With 615 million Africans lacking health insurance and many relying on fragmented financial solutions, Fundfrica addresses systemic challenges through its dual revenue model: a 5% service fee on campaigns and optional donor tips.
The platform’s infrastructure, designed to scale across Africa’s diverse regulatory environments, already partners with hospitals and healthcare providers to streamline medical fundraising.
Akeeb Ismail, Fundfrica’s co-founder and Senior Software Engineer with experience at Okra and Youverify, underscores the urgency:
“In Africa, financial exclusion isn’t just a statistic. it’s life or death. We’re bridging that gap by ensuring every donor’s contribution directly saves lives.”
Reflecting on the platform’s architecture, he adds,
“Transparency is coded into our DNA. Donors see exactly where their funds go, down to the penny, in real time.”
On growth, Akeeb notes, “We’re profitable from day one because the demand is overwhelming. This isn’t charity but it’s a sustainable solution to a systemic crisis.”
Co-founder Ismail Adeoye, a technical lead behind initiatives like DevCareer and Zinisoft, emphasizes adaptability:
“Africa’s diversity is its strength. Whether in Lagos or Nairobi, Fundfrica’s model evolves to meet local needs while maintaining global standards of accountability.”
Adeyemi Qudus, co-founder and Senior DevOps Engineer, played a strategic role in building Fundfrica’s secure backend.
“This platform isn’t just code—it’s a promise,” he says. “We’ve engineered safeguards to prevent fraud and scale seamlessly, ensuring no one is left behind due to technical limitations.”
Fundfrica is raising $200,000 at a $2 million valuation to expand its team, enhance compliance frameworks, and accelerate marketing efforts.
The founders project capturing a $475 million share of Africa’s crowdfunding market by 2025, with plans to enter five new African markets by 2024.
“We’re not just entering markets—we’re creating ecosystems,” says Akeeb Ismail. “By 2024, we aim to be the continent’s go-to platform for turning financial exclusion into collective opportunity.”
