First Circle Capital
Overview
A women-led, thesis-driven venture capital firm that invests in pre-seed and seed-stage fintech companies across Africa. The firm focuses on less saturated verticals including financial infrastructure, insurtech, alternative lending, regtech, interoperability, and climate fintech.
Portfolio Companies
16
Website
firstcircle.capitalInvestments
| Company | Date | Stage | Lead |
|---|---|---|---|
| WafR | Feb 2026 | Seed | Co-investor |
| TurnStay | Aug 2025 | Seed | Lead |
| CredPal | Mar 2022 | Debt | Co-investor |
| Balad | May 2023 | Pre Seed | Co-investor |
| MNZL | May 2024 | Seed | Co-investor |
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Key People
Agnes Aistleitner Kisuule
Co-Founder & Managing Partner
Selma Ribica
Co-Founder & Managing Partner
Pietari Päivänen
Limited Partner
Sector & Stage Mix
Industry, funding stage, and valuation band breakdowns.
FAQ
Where is First Circle Capital based?
First Circle Capital is headquartered in Morocco.
When was First Circle Capital founded?
Founding year information for First Circle Capital is not publicly available.
How many portfolio companies does First Circle Capital have?
First Circle Capital has 16 portfolio companies in Caplight's dataset.
What are some companies in First Circle Capital's portfolio?
Portfolio companies visible on Caplight include WafR, TurnStay, CredPal, Balad, MNZL.
What was First Circle Capital's most recent investment shown here?
First Circle Capital's most recent investment in this portfolio sample was in WafR in 2026.
What sectors does First Circle Capital focus on?
First Circle Capital focuses on FinTech, FinTech, FinTech, FinTech, FinTech, FinTech, FinTech, FinTech, FinTech, Mobility, Transportation & Logistics, FinTech, FinTech, FinTech, Consumer & Commerce, FinTech, FinTech, Mobility, Transportation & Logistics, Enterprise Software, Consumer & Commerce, Cybersecurity, FinTech, Consumer & Commerce, Consumer & Commerce, Enterprise Software, Enterprise Software, Enterprise Software, Enterprise Software, Enterprise Software, Consumer & Commerce, Enterprise Software.
What company stages does First Circle Capital focus on?
First Circle Capital typically invests at the Early stage.
What is First Circle Capital's AUM?
First Circle Capital's assets under management are estimated between $10.9M and $30.0M.