Rally Cap Ventures

Rally Cap Ventures (also known as RaliCap) is a San Francisco-based pre-seed and seed-stage fund founded in 2020 by Hayden Simmons, who brings 10+ years of experience in emerging market fintech from roles at Facebook's Novi/Diem, Juvo, and Migo. The firm operates two specialised funds: RC Fintech ($30 million, first close of $20 million) targeting B2B and API-first fintech infrastructure, and RC Climate focused on climate technology across emerging markets.

The LP base is the fund's most distinctive feature: alongside institutional backers like Breyer Capital, Propel VC, Better Tomorrow Ventures, FT Partners, Bain Capital, and Lateral Capital, Rally Cap counts approximately 240 individual LPs who are current or former operators at companies like Wave, Block, MercadoPago, Flutterwave, Visa, Stripe, and Shopify. This means portfolio companies get access to a network of fintech operators who have built and scaled exactly the kind of products they're building. The firm typically leads pre-seed rounds and participates in seed rounds, writing cheques of $200K to $500K into companies building banking-as-a-service, card issuance, open finance, and SME digitisation platforms. The 32+ portfolio spans 12 African startups (including Mono, Stitch, and Union54), 13 Latin American companies (including Pomelo, Simetrik, and Brick), and 7 South Asian companies.