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Spalce Technologies Ltd is a private company. This page is for current investors, prospective investors, journalists, and procurement teams doing diligence.
Figures are unaudited as of 2025-12-31 and rounded. The audited annual report is available to investors under NDA.
Spalce in three paragraphs. Read these before anything else on this page.
Spalce builds the enterprise platforms that financial services, public sector, healthcare, and telco operators in Africa, Europe, and the rest of the world depend on. Our customers are regulated, large, and have hard problems we get paid to make boring.
We grow by going deep: per-market regulator fluency (BoG, CBN, CBK, FCA), per-customer engineering depth, and a long-term operating partnership model. We're a services-led company with a platform spine — that combination is unusual at our scale, and it's deliberate.
The Series A extension we closed in May 2026 funds two specific bets: a Lagos engineering hub at 50 engineers by end of 2027, and the second-generation Spalce platform — the reusable substrate beneath every engagement.
Every round we've raised since inception, including lead investors, participants, and stated use of proceeds.
Total raised
$45.4M
Across four rounds since 2020.
Led by Sequoia Africa Fund I (existing investor)
Participants
Use of proceeds
Fund Lagos engineering hub + platform R&D
Led by Sequoia Africa Fund I
Participants
Use of proceeds
Expand to Kenya + UK, double platform engineering
Led by TLcom Capital
Participants
Use of proceeds
Productize the platform, expand to Nigeria
Led by Co-founders + angels
Participants
Use of proceeds
Found the first 12-person team, ship first three customer platforms
Operators and engineers who set the company's direction and answer to the board.
Co-founder & CEO
Principal engineer turned operator. Previously led platform engineering at a tier-1 African neobank.
LinkedInCo-founder & COO
Built the first three customer engagements end-to-end. Runs delivery, finance, and the partner program.
LinkedInManaging Director, Europe
Joined from a UK tier-1 bank to anchor the European practice and FCA-regulated work.
LinkedInVP Product Strategy
Leads the Lagos office and the cross-customer platform roadmap.
LinkedInComposition of the board, grouped by class, with the three committees that operate beneath it.
| Name | Role | Affiliation | Type |
|---|---|---|---|
| Executive | |||
| Kwame Asante | Director (CEO) | — | Executive |
| Adwoa Mensah | Director (COO) | — | Executive |
| Investor | |||
| Maya Horgan-Famodu | Director | Sequoia Africa | Investor |
| Ido Sum | Director | TLcom Capital | Investor |
| Independent | |||
| Dr Ngozi Adeyemi | Independent Director | former Deputy Governor | Independent |
| Sarah O'Connor | Independent Director | fintech regulation specialist | Independent |
Chair
Sarah O'Connor
Members
Chair
Maya Horgan-Famodu
Members
Chair
Dr Ngozi Adeyemi
Members
The institutions backing Spalce across the cap table.
Lead, Series A
Since 2024
Lead, Seed
Since 2022
Series A + extension
Since 2024
Series A extension
Since 2026
Series A
Since 2024
Pre-seed
Since 2020
We report to investors quarterly with audited annuals. Public disclosures below.
| Document | Type | Audience | Access |
|---|---|---|---|
FY 2025 Investor Update (Annual) | Investors only | Available under NDA — contact IR | |
FY 2025 Audited Financial Statements | Investors only | Available under NDA — contact IR | |
Q1 2026 Quarterly Update | Investors only | Available under NDA — contact IR | |
ESG & Sustainability Report 2025 | Public | Download | |
Independent Auditor (PwC) Engagement Letter | Public | Download |
Policies and instruments that bind how the company operates, signs contracts, and treats its people.
Registered in Ghana under the Companies Act, 2019 (Act 992). Available on request.
Standard institutional terms. Liquidation preference: 1x non-participating. Pro-rata for major investors.
Aligned with the UK Bribery Act 2010 and FCPA. Applies to all employees, contractors, and suppliers.
Independent channel (email + phone hotline) operated by a third party. Reports go directly to the Audit & Risk Committee chair.
Annual disclosures from board and senior leadership; reviewed by the Nominating & Governance Committee.
Our full ESG and sustainability report is at /sustainability. Highlights below.
Net-zero by 2040
30 paid internships per year (Spalce Bridge)
ISO/IEC 27001:2022 certified
Board: 33% women, 50% African leadership
$84K granted to OSS maintainers in 2025
Aligned with UN Global Compact, SDGs 5/8/9/13
Upcoming investor calls, the AGM, and conferences where leadership will brief the market.
Q2 2026 investor call
Annual General Meeting
Q3 2026 investor call
Africa Tech Summit briefing
FY 2026 audited results
Investor relations contact
Co-founder & COO
Press: see /press. General sales: /contact.
DisclaimerForward-looking statements: This page contains forward-looking statements about Spalce Technologies Ltd's future operations and financial position. Actual results may differ materially. Statements speak only as of the date published. Spalce undertakes no obligation to update them. This page does not constitute an offer to sell securities.
Whether you're an existing investor, doing diligence on a new round, or covering the African tech market — we want to hear from you.