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Development Partners International (DPI), a UK-based venture capital firm, has officially acquired Nclude, Egypt’s leading fintech-focused fund established by Global Ventures. This strategic move marks the launch of DPI Venture Capital and further strengthens DPI’s standing as a premier Africa-focused private investment adviser.
With this acquisition, DPI assumes full investment advisory responsibilities for Nclude, which is recognized as the largest fintech-dedicated fund in Africa. The acquisition reinforces DPI’s commitment to accelerating digital innovation and financial inclusion across the continent.
Over the past decade, DPI has deployed approximately $850 million in Egypt, supporting transformative businesses such as MNT-Halan and Kazyon. These investments highlight the firm’s belief in the power of digitization to drive sustainable economic development in emerging African markets.
Commenting on the acquisition, Runa Alam, Co-Founder and CEO of DPI, stated:
“This platform provides our limited partners with early access to some of the most promising tech-driven businesses in Africa. The completion of the Nclude transaction reflects our strategy to deepen our exposure to innovative, high-growth sectors while supporting the continent’s evolving digital economy.”
Founded in March 2022, Nclude has already committed over $28 million through nine fintech investments, backing companies such as Paymob, Khazna, Flapkap, and Connect Money. DPI’s entry into the advisory role signals a new growth phase for the fund, with increased focus on financial technology innovations aligned with regulatory compliance, risk management, and broader digital transformation trends.
The move positions DPI at the forefront of fintech investment in Africa, supporting the development of regulatory technology solutions, compliance analytics, and scalable platforms aimed at improving financial access and governance across the region.
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