Nigerian startups Trade Lenda and AirSmat have secured a combined USD 450 K investment from Village Capital’s Africa Ecosystem Catalysts Facility, marking the fund’s entry into Nigeria after backing two Ghanaian startups months earlier.

Trade Lenda, founded by Adeshina Adewumi, is a digital financial services platform that provides business loans, embedded finance, and Sharia-compliant financing to SMEs and farmers. The company says it has supported more than 260,000 customers across five Nigerian geopolitical zones, with women accounting for 66% of its users.

AirSmat, founded by Soji Sanyaolu, is a climate-tech startup that converts agricultural waste into biochar-based fertiliser, improving soil health while generating carbon-market opportunities for farmers. AirSmat will use the funding to complete and commission a commercial factory and expand production.

Africa Fintech Foundry sourced both investments for Village Capital.

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Village Capital’s Africa Ecosystem Catalysts Facility (AECF), a US$4 million program aimed at investing in startups creating context-specific solutions that improve economic mobility and climate resilience in Ghana, Nigeria, and Tanzania, has announced five Entrepreneur Support Organizations (ESOs) as venture partners. The AECF, which is managed by Village Capital in partnership with the Dutch Entrepreneurial...

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