Condia Insider: Bolt rolls out family plan

In this letter, we explore:

• Bolt rolls out family plan
• African fintechs named amongst the World’s top 300 fintechs
• Rally Cap partially exits South Africa’s Stitch

We also curated updates on startup funding in Africa, weekend reads, and several opportunities.

The big three! 

Bolt rolls out family plan

Booking rides for someone else from your Bolt account can be a bit of a chore—calling to connect the driver, forwarding trip details on WhatsApp, confirming payments, and hoping the ride goes smoothly. Now, Bolt is promising to make that process easier with its new Family Profile feature in Nigeria.

The feature lets one person book and pay for rides for up to nine people, all from a single account. According to Bolt, it’s a logical move in a country where shared responsibilities and helping family or friends get around is the norm.

Zoom in: The company says 2–6% of rides in Nigeria are arranged by someone other than the rider, often with multiple texts or calls in between. With Family Profile, users can now add up to 9 people, set monthly ride limits, and get real-time updates, while managing payments from one place. Everyone added still books from their own Bolt app, but the main account holder foots the bill and keeps track of all activity.

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There are a few ground rules: each rider must have their own Bolt account, be at least 18 years old, and no solo rides for minors.

Zoom out: The rollout also comes as Bolt tightens up its safety rules. Over the last three months, offline trips on the platform decreased by 42%, and this new feature builds on that momentum, adding a layer of transparency and control that aligns with Bolt’s broader push for trust and accountability on the platform.

African fintechs named amongst the World’s top 300 fintechs

In the words of popular singer Shakira, “It’s time for Africa,” and fintechs across the continent are making sure the world knows it.

Ten African startups landed a spot on CNBC and Statista’s 2025 list of the world’s top 300 fintech companies. The list cuts across payments, wealth tech, and alternative finance, with notable names like Interswitch, Moniepoint, OPay, and PiggyVest making the cut.

Nigeria led the charge with five companies featured, most of them dominating the payments space. Interswitch, OPay, PalmPay, and Moniepoint were recognised in the payment category, while PiggyVest stood out as the only African startup in the wealth tech category, appearing alongside heavyweights like Lending Tree and GTN.

Zoom out: Some of these companies aren’t first-timers on the global stage either. PiggyVest is making a back-to-back appearance, while Moniepoint and PalmPay also ranked on the FT’s 2024 list of Africa’s Fastest-Growing Companies. And just last month, both Moniepoint and Flutterwave made TIME’s 100 Most Influential Companies of 2025.

Rally Cap partially exits South Africa’s Stitch

After years of betting early on fintechs, Rally Cap is now doing what most African VCs dream of: cashing out. Well, partially. 

The early-stage firm has exited part of its stake in South African fintech Stitch, riding on the momentum of Stitch’s recent $55 million Series B raise.

The return figures are under wraps, but the signal is clear: exits are starting to trickle in, and Rally Cap is riding that wave.

Context: Founded in 2020 by Hayden Simmons, Rally Cap has steadily built a name backing pre-seed and seed-stage startups, with cheque sizes between $200K and $500K. While it started off fintech-focused, the firm recently branched out with a $5 million climate tech fund—because, as Simmons put it, “some of the most exciting founder calls” weren’t coming from fintech anymore.

As for Stitch? The startup’s been in beast mode lately. It raised fresh capital from names like QED Investors, Norrsken22, Flourish Ventures, and Trevor Noah, then went shopping, snapping up ExiPay (now Stitch In‑Person Payments) and later Efficacy Payments, giving it card-acquiring muscle in South Africa.

Rally Cap’s exit joins a slowly growing list of win stories for African VC. Oui Capital’s early bet on Moniepoint turned $150K into $8 million. Silverback Holdings scored a 5x return from OmniRetail.

💰 State of Funding in Africa

Here’s a roundup of African startups that secured funding this week:

• South African crypto payments startup MoneyBadger has raised $400,000 in pre-seed funding. The round was led by P1 Ventures, with participation from three angel investors with crypto backgrounds.
• Nigerian legaltech startup PocketLawyers.io has secured undisclosed funding from Nubia Capital to support its growth and expand its footprint across Africa.
• Cairo-based fintech startup PALM has raised a seven-figure pre-seed round led by 4DX Ventures, with backing from Plus VC and several global angel investors.

🍿 Weekend binge

• Why the future belongs to individuals, not corporations
• How to spend your 20s in the AI era 
• This article won’t change your mind. Here’s why

💼 Opportunities

We carefully curate open opportunities in Product & Design, Data & Engineering, and Admin & Growth every week.

Product & Design

• YellowCard — Product Designer, Remote
• Scroll — UX/UI Design Lead,  Remote

Data & Engineering

• Bumpa — Senior Software Engineer, Remote
• Bumpa — Software Engineer, Remote

Admin & Growth

• Voya — Social Media Director, Remote
• Transsion Holdings — Marketing Manager, Lagos