# LeapFrog Investments: portfolio, investments and team

> LeapFrog Investments is a private equity based in Mauritius. 9 investments on record, 1 in the last 12 months, latest Oct 2026.

Source: https://millionrounds.com/fund/leapfrog-investments (Millionrounds; every figure on the page links to its filing or article)

Mauritius · [Investor](https://millionrounds.com/investors)

# LeapFrog Investments

Last cheque observed Oct 2026; 9 cheques on record.

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Private equity Deploying now

Seed Series A Series B Financial Services Paytech Bank

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Deploying now

**100%** of best year **1** **cheques in 12 months**, 9 on record

Since the last cheque **27** days **00** hrs **00** min **00** sec

Median round **$52M** Rounds led **0 of 9** Sole investor **3 rounds** Mostly in **India, 44%**

Pitch LeapFrog Investments

## LeapFrog Investments highlights

- 01 1 cheques in the last 12 months
- 02 Mostly Venture and Series C: 83% of its rounds
- 03 Sole investor in 3 rounds, median $29M

## What they do

> LeapFrog invests in extraordinary businesses in Asia and Africa, partnering with their leaders to achieve leaps of growth, profitability and impact. From their own website

- **Type:** Private equity (from a list, unverified)
- **Cheque size:** Not stated
- **Stages:** Seed Series A Series B Growth
- **Sectors:** Financial Services Paytech Bank
- **Based in:** Quatre Bornes, Mauritius
- **Cold pitches:** Not stated

## The record

Every round we can evidence, newest first **9 appearances**

- **2026** 1 round
- **Oct** **[NeoGrowth](https://millionrounds.com/company/neogrowth)** IN · The Economic Times: startups **$8.8M** With 1 other
- **2025** 1 round
- **Oct** **[Moniepoint](https://millionrounds.com/company/moniepoint)** Series C · NG · Disrupt Africa **$200M** With 9 others
- **2024** 1 round
- **Oct** **[Zepz](https://millionrounds.com/company/zepz)** Growth · GB · TechCabal **$267M** With 4 others
- **2018** 1 round
- **Sept** **[Jumo](https://millionrounds.com/company/jumo)** ZA · TechCrunch **$52M** With 4 others
- **2016** 1 round
- **Apr** **[BIMA](https://millionrounds.com/company/bima)** SE · FinSMEs **$17M** With 3 others
- **2015** 2 rounds
- **Aug** **[IFMR Holdings](https://millionrounds.com/company/ifmr-holdings)** Venture · IN **$25M** With 2 others
- **Jul** **[BIMA](https://millionrounds.com/company/bima)** Series C · SE **$38M** Sole investor
- **2014** 1 round
- **Mar** **[IFMR Capital](https://millionrounds.com/company/ifmr-capital)** Venture · IN **$29M** Sole investor
- **2011** 1 round
- **Sept** **[Shiram Credit](https://millionrounds.com/company/shiram-credit)** Venture · IN · finsmes.com **$15M** Sole investor

An announcement gives the size of the round, not the size of this investor's cheque: the only rounds that imply a cheque are those where they were the sole named investor.

## The team

Named by the firm itself, on a filing, its Form ADV or its company registration **4 named**

AK **Andrew Kuper** Director i Form ADV

FE **Frances Elisabeth Holliday** Chief Compliance Officer i Form ADV

JC **Jean Claude Michel Permal** Director i Form ADV

MA **Muhammad Assad Yussuf Abdullatiff** Director i Form ADV

We also hold **69** people at this firm from the lists this database was built from: a weaker source than the filings, since a list does not say when a title ended. Login to see them.

## What the register says

From the firm's own filings with the SEC, which it must file accurately by law

**$2.6B** gross assets of its funds Oct 2026

**Exempt** reporting adviser venture or small private funds

- **Legal name:** Leapfrog Investments Group, LTD.
- **SEC number:** CRD 169188

## Companies it bought

Acquisitions by the firm itself

**Resolution Insurance** **Undisclosed** Nov 2014

## The cheque

Seed Series A Series B

Median round joined **$52M** the round, not its cheque Alone, median **$29M**

Led 0 of 9 rounds **0%**

- **Sole investor:** 3 rounds
- **Last cheque:** Oct 2026

Rounds by stage said on their site

- Venture *3*
- Series C *2*
- Growth said *1*
- Seed said *-*
- Series A said *-*
- Series B said *-*

Cheques by month Led Joined

Dec 2023 Nov 2026

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## Recently backed

The latest companies LeapFrog Investments put money into.

[**NeoGrowth** $8.8M · Oct 2026](https://millionrounds.com/company/neogrowth)[**Zepz** $267M · Oct 2024](https://millionrounds.com/company/zepz)[**BIMA** $17M · Apr 2016](https://millionrounds.com/company/bima)

## Quick answers about LeapFrog Investments

### What does LeapFrog Investments invest in?

LeapFrog Investments invests most often at Venture and Series C (83% of the rounds on record), in sectors such as Financial Services, Paytech and Bank.

### How active is LeapFrog Investments?

9 investments on record, 1 of them in the last 12 months. The most recent was in Oct 2026.

### What has LeapFrog Investments invested in recently?

Its most recent investments on record: NeoGrowth (Undisclosed round, Oct 2026), Moniepoint (Series C, Oct 2025) and Zepz (Growth, Oct 2024).

### How big are LeapFrog Investments's cheques?

The median round it joins is $52M.

### Does LeapFrog Investments lead rounds?

Rarely, if at all: none of its 9 investments on record names it as the lead.

### Where does LeapFrog Investments invest?

Most of the companies it backs are in India (44%), Sweden (22%) and Nigeria (11%).

### Is LeapFrog Investments investing now?

Yes: it is actively investing, with 1 investments in the last 12 months.

### What kind of investor is LeapFrog Investments?

LeapFrog Investments is a private equity firm based in Quatre Bornes, Mauritius.

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