Verdant Capital Secures Debt Financing of USD 6 million for Tugende, a Leading Ugandan Fintech Leasing Business
Verdant Capital secures USD 6 million of debt funding for a leading Ugandan technology-driven leasing business. The funding is part of Verdant Capital’s overall funding programme for Tugende from international specialist investors for the expansion of Tugende’s productive asset finance portfolio, the bulk of which is leases for motorcycle taxis. This debt funding programme has strengthened Tugende’s diversification of its funding base and represents a strong platform for further successful raises from the international specialist market internationally. Part of the funding shall be drawn immediately, and part shall be drawn following the completion of the forthcoming equity round, on […]