First Circle | Activity | F4

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Team Portfolio Raise Champions Essays

F4/First Circle/Activity

First Circle Activity

Every public signal F4 has attached to this firm, with sources and cross-entity links.

Types

Time range

Exit

Portfolio company Expensya (Tunisian-born) acquired by Sweden's Medius for nine figures.

Expensya

Expensya First Circle

firstcircle.capital

Added recently

Investment

Portfolio company MNZL secures $3.5M to transform asset-backed lending in Egypt.

MNZL

MNZL First Circle

firstcircle.capital

Added recently

New Fund

Dutch Good Growth Fund announced a $3M seed-capital investment in First Circle Capital to support African fintech pre-seed and seed investing.

First Circle Africa Fund I

agenceecofin.comFEB 17, 2026

FEB 17, 2026

Essay

Published a primer arguing that local pension funds, insurers, and domestic asset managers are critical to durable African technology ecosystems.

Venture in Africa: A Primer for Pension Funds

firstcircle.capitalJAN 8, 2026

JAN 8, 2026

New Fund

Secured $6M from IFC (World Bank Group) to expand early-stage fintech investments across Africa, part of $30M fund deployment.

IFC backing and fund growth

fintechnews.aeNOV 2025

NOV 2025