Socium, founded in 2021 by Samba Lo and Serigne Seye, provides payroll, recruitment and workforce management software to businesses across 21 Francophone African countries.
Cerebrium is a serverless infrastructure platform that makes it easy for companies to build and scale data/AI workloads. With just a team of 4 across the US and South Africa, the startup scaled to doing millions in revenue.
The fund will target startups from seed through Series B rounds, focusing on online-to-offline (O2O) platforms, B2B SaaS solutions, and fintech ventures.
For these companies — names like Chipper Cash, LemFi, Flutterwave, and TapTap Send — a 5% tax on remittances out of the U.S. would have fundamentally altered their business models.
Socium, founded in 2021 by Samba Lo and Serigne Seye, provides payroll, recruitment and workforce management software to businesses across 21 Francophone African countries.
Sixteen months later, on a hot July day in 2026, Egypt's finance minister, Ahmed Kouchouk, returned to a company whose public frustration had once laid bare the country's industrial bureaucracy.
