Ameya

Ameya is a General Partner at Flourish Ventures, based in London. He invests in founders building critical financial infrastructure across Africa, the Middle East, and other emerging markets, with a focus on global payments infrastructure, including cross-border and blockchain-native companies.

Ameya led Flourish’s pre-seed investment in Flutterwave and played a principal role in launching Madica, its Africa-focused pre-seed investment program. His portfolio includes Lorum, Stich, Flutterwave, FairMoney and Honeycoin amongst others.

Before Flourish, Ameya worked at Omidyar Network and Bain & Company. He holds an engineering degree from Delhi College of Engineering and an MBA from the Indian Institute of Management Ahmedabad.

In The News
Blog
blog
Why We Invested in Zone: Redefining How Payment Infrastructure Works in Africa
If trying to pay via a POS machine, the odds of transaction failure are roughly 1 in 6. At the heart of these transactions is a switch – a system that works behind the scenes...
News
featured
TechCabal Profile: Blockchain Payments Startup Zone Raises $8.5m in First Funding
Zone, a Nigerian blockchain startup that helps banks and fintechs process payments, has raised $8.5 million, its first VC funding since it became a standalone business in 2022. Until 2022, Zone was part of its...
News
featured
[Disrupt Africa] Why has African tech startup funding declined so badly, and what happens now?
After bucking global trends in a record-breaking 2022, African tech saw a reset of sorts in 2023, as the global capital shortage began to bite. The number of funded ventures, and the total funding raised,...
News
founder wellness
[Inc. Magazine] Founders Must Prioritise Mental Health
Entrepreneurial journeys are challenging. There are peaks of extreme happiness and moments of utter despair. Inc.Africa has been on its startup journey and frequently writes about emerging entrepreneurs, so I wanted to understand an investor’s...
News
founder wellness
[TechCrunch] Capital crunch shines light on the importance of founders’ mental health
Mental wellness goes hand-in-hand with innovation and success. For investors then, this needs to be a focus of investment, as risk exposure is also in the wellness of the founder.
News
opinion
[Techbuild.africa] Corner Stores – An Essential Sales Channel Across – Are Evolving With Digital Tools
In many African countries, corner shops are woven into the fabric of local communities. Their role in the economy is often underestimated.
News
opinion
[Fintech Africa] Fintech Has Taken Off In Africa – Here’s Why It’s Not A Bubble
Some of the most innovative models in fintech we’ve seen have come out of our Africa portfolio, such as the way Pula advanced embedded finance by bundling crop insurance with the seed bought by small...
Events
opinion
[Video] FTSFEST21'- Impact for Positive Change
Watch Ameya Upadhyay (Flourish Ventures) speak about "Impact for Positive Change" at FTSFEST21’
Events
embedded finance
[EVENT Recap] Fintech Founders in Bangladesh, Egypt & the US Share Customer-first Focus and Offerings
Today, embedded finance is one of the most influential, seemingly all-encompassing technology trends taking place around the world. It involves non-bank companies and fintech start ups offering financial products and services to targeted customers.
Events
embedded finance
[Flourish Conversations] Embedded Finance Platforms
The first event in Flourish Ventures’ Embedded Finance series tackles the embedded finance platforms including gig worker, logistics, social media, and supply chain platforms that are relevant and immediately helpful to people in their daily...
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