Founded in 2017, ABC emerged in response to the Financial Institutions (Amendment) Act 2016, which introduced agent banking as a strategy to improve financial access across Uganda.

While this might have seemed like a practical decision, observers couldn’t help but wonder if this was an avoidable mistake.

The launch of Unconventional Capital also signals a strategic shift within Uncap. The fund will operate independently from Uncap’s proprietary technology platform, “Level,” a recently launched SaaS tool designed to streamline investment management for funders and accelerators across Africa.

Founded in 2023 by Mostafa Mubarak and Camille Sayour, SETTLE aims to fill a long-standing gap in Egypt’s digital economy by focusing on B2B financial operations.