{"id":92414,"date":"2026-10-28T06:53:37","date_gmt":"2026-10-28T10:53:37","guid":{"rendered":"https:\/\/hedgeco.net\/news\/10\/2026\/dpi-venture-capital-closed-the-nclude-fund-at-more-than-112-million-for-fintech-in-africa-and-the-middle-east.html"},"modified":"2026-10-28T06:53:37","modified_gmt":"2026-10-28T10:53:37","slug":"dpi-venture-capital-closed-the-nclude-fund-at-more-than-112-million-for-fintech-in-africa-and-the-middle-east","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/10\/2026\/dpi-venture-capital-closed-the-nclude-fund-at-more-than-112-million-for-fintech-in-africa-and-the-middle-east.html","title":{"rendered":"DPI Venture Capital Closed the Nclude Fund at More Than $112 Million for Fintech in Africa and the Middle East:"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2026\/10\/2026-10-28-nclude-hero.jpg\" alt=\"DPI Venture Capital Closed the Nclude Fund at More Than $112 Million for Fintech in Africa and the Middle East\" \/><\/p>\n<p>HedgeCo.Net \u2014 DPI Venture Capital, the venture platform of Development Partners International, has held the final close of the Nclude Fund at more than $112 million, the firm said on October 27. The fund backs fintech, fintech-enabled and financial inclusion businesses, along with companies at the intersection of fintech, AI and emerging technology, across Africa and the Middle East.<\/p>\n<p>Nclude was established in 2022 as a fintech-focused venture fund in Egypt. DPI became its investment adviser in 2025 following a restructuring transaction, alongside the launch of DPI Venture Capital, and has since broadened the fund&#8217;s LP base with additional strategically aligned investors.<\/p>\n<p>The fund invests from seed through Series C, with tickets from $500,000 to $10 million. Egypt remains its core market and a launchpad for regional expansion, while 30% of the mandate can be invested outside Egypt across the wider Africa region and the Middle East.<\/p>\n<p>Nclude has invested in 15 companies to date. The portfolio includes Egyptian proptech Nawy, which raised a $52 million Series A; payments company Paymob, which raised $35 million in a pre-Series C led by Mubadala and EBRD; UAE-based SME lender FlapKap; savings platform Money Fellows; health access company Kera; and Accord Partners, an AI roll-up focused on accounting and auditing in Saudi Arabia and the broader region.<\/p>\n<p>The close illustrates a route that has become more common in emerging market venture: an established private equity manager taking over advisory duties on a restructured fund rather than raising a new vehicle from scratch. DPI described the fund as appropriately sized for today&#8217;s market, a framing that reflects tighter capital for frontier venture and a preference among LPs for managers with institutional infrastructure behind them.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HedgeCo.Net \u2014 DPI Venture Capital, the venture platform of Development Partners International, has held the final close of the Nclude Fund at more than $112 million, the firm said \u2026 <a class=\"continue_reading_link btn btn-mini\" href=\"https:\/\/hedgeco.net\/news\/10\/2026\/dpi-venture-capital-closed-the-nclude-fund-at-more-than-112-million-for-fintech-in-africa-and-the-middle-east.html\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":92413,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16286],"tags":[17151,17148,17147,17150,17152,17149],"class_list":["post-92414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-venture-capital","tag-african-venture-capital","tag-development-partners-international","tag-dpi-venture-capital","tag-egypt-fintech","tag-middle-east-venture-capital","tag-nclude-fund"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/92414","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=92414"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/92414\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media\/92413"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=92414"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=92414"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=92414"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}