All funds
$3.5Tdisclosed portfolio round capital
1 May, 2026last investment
3portfolio companies
18team members

Analyst signals

Portfolio activity and matriculation

Metrics use all recorded activity through 21 Jul 2026 across seed, unknown. Later-round outcomes are capped at the period end.

0%companies with a later round · 0/3
Not availablemedian round-size step-up · n=0
Not availablemedian valuation step-up · n=0
0%recorded-solo rate · 0 solo / 3 syndicated
Payments · 2 companies

These are activity signals, not fund-return metrics. Round capital is the full disclosed financing amount, not this fund's check size. “Recorded solo” means only one investor is present in the source data and is a lead signal, not verified lead status; syndicated rounds are a co-investor or follower signal. IRR, TVPI, DPI, ownership, exits, and market beta cannot be calculated from the available records.

People

Team

A

Arunjay Katakam

Advisor; Financial Inclusion Expert; Author, The Power of Micromoney Transfers

B

Billy Owino

Advisor; Former CEO, TransUnion Kenya

B

Buhle Golsar

Advisor; Former CEO, Jumo

D

Dr. Swati Mehta Dhawan

Advisor; Expert, Financial Inclusion

I

Irma Grundling

Advisor; Statistician; Head of Survey Design for 40+ nationally representative surveys

J

Jake Kendall

General Partner

J

Joseph Benson-Aruna

Partner, Head of Entrepreneur Support

L

Leila Haroon

Senior Research Analyst

N

Nasir Ingawa

Advisor; Public Policy Specialist; Former Financial Inclusion Lead, Kaduna State Government

N

Nazu Muinde

Advisor; Director, Strategy for Open Banking Europe, Mastercard

O

Osarumen Osamuyi

Advisor; Technology & Media Analyst; Former African Messaging Platforms Lead, Meta

R

Rafael Mazer

Advisor; Former Director, Consumer Protection, Innovations for Poverty Action

S

Sandisiwe Ncube

Advisor; Development Economist

S

Saude Amina Atoyebi

Advisor; Public Sector Expert; Board of Directors, EFInA; Former Deputy Chief of Staff, Kaduna State

S

Sephora Tshiyombo

Advisor; Expert, Digital Financial Services

S

Sharon Kinyanjui

Advisor; Payments Specialist; Former Head of EMEA, WorldRemit

S

Stephen Deng

General Partner

V

Veethi Vyas

Research Lead

Portfolio

Investments

Full financing histories for portfolio companies. Highlighted rounds are those where DFS Lab is recorded as an investor.

Checker logo

Checker

crypto
Payments

Checker is an API infrastructure company that gives financial institutions a single integration to access stablecoin and fiat liquidity, cross-border payments, treasury, and credit across multiple providers.

Seed1 May, 2026$8M roundSyndicated · 7 disclosed investors

Stealth

Seed1 May, 2026$8M roundSyndicated · 13 disclosed investors
Payments

Stable Sea is a financial technology company providing global cash management for growing companies. Its platform supports stablecoin and fiat settlement, global on/off ramps, treasury management, and access to tokenized money market funds.

Unknown19 Mar, 2025$3.5T roundSyndicated · 5 disclosed investors