DPI Venture Capital Closed the Nclude Fund at More Than $112 Million for Fintech in Africa and the Middle East

DPI Venture Capital, the venture platform of Development Partners International, has held the final close of its Nclude Fund with commitments above $112 million. Nclude was set up in Egypt in 2022 as a fintech fund and came under DPI's investment advisory management in 2025, when DPI Venture Capital was launched.

The fund backs fintech and related technology companies in Africa and the Middle East, from seed to Series C, writing cheques of $500,000 to $10 million. It has 15 portfolio companies, among them Nawy, Paymob, FlapKap and Money Fellows. Up to 30% of its mandate can go outside Egypt.