TLcom Capital's TAPSI Fund, a $5 million pre-seed investment vehicle, has reached 50% deployment with its participation in the $2 million seed round of South African travel payments platform TurnStay. Launched in 2022, TAPSI provides African startups with up to $200,000 in pre-seed funding, serving as a direct pipeline to TLcom's larger $154 million TIDE Africa Fund II.

• TurnStay, the latest addition to the TAPSI portfolio, tackles cross-border payments in the African travel sector, enabling merchants to accept payments in travellers' home currencies and settling locally in stablecoins, reducing processing fees by up to 70%.
• The TAPSI portfolio includes startups across various markets and sectors, such as Nigeria’s Talstack, Sudan- and Ethiopia-focused Bright Financial, Egypt’s Tradehub, and Kenya’s Agrails.
• Partner at TLcom Capital, Eloho Omame, emphasized the pre-seed strategy's importance in expanding their portfolio and supporting founders early in their journeys to build significant value.