Verdant Capital advises Briisk with respect to funding from the DEG

Verdant Capital is pleased to have advised Briisk on an investment by DEG.  DEG is a leading international development finance institution and a subsidiary of KfW, Germany’s development bank. Briisk is an insurtech company which enables insurance from a financial inclusion perspective across developing markets. The company is a SaaS platform developer and it uses these platforms to link insurers with its extensive distributor network to access end user customers on a mass scale. Briisk targets 2.9 billion underinsured individuals and small businesses in c.40 countries in Africa, India and Turkey. To date the company has transacted more than 1 […]

Verdant Capital advises Alpha Direct on a pre-series A investment

The insurance sector in Africa is underpenetrated vs most of the world. Given complexity, accessibility and inflexibility, insurance is seen as being a product “that is only available to the rich”. Alpha Direct is Africa’s only risk carrying Insurtech focused on delivering simple, affordable and accessible insurance products for Africa’s growing consumer market, using cloud, big data and AI. The company has become the fifth largest short-term insurance underwriter in their home market in under five years, and is now focused on regional and continental expansion across Africa as well as entering the long-term insurance market. The company recently won […]

Verdant Capital advises Tugende on a significant additional funding to grow it’s portfolio, further driving social impact in it’s key markets

Tugende, East Africa’s leading innovative MSME credit and asset-financing business, has closed an additional USD 16 million in debt financing.  The overall funding round has been structured to include a subordinated debt tranche into the Ugandan subsidiary providing partial equity credit to be leveraged by senior lenders, as well as senior debt funding for its younger but rapidly growing Kenyan subsidiary. This latest round of debt funding was led by a leading European development finance institution (“DFI”), existing MSME-focused impact investors that increased their commitments to Tugende, and a decentralized credit platform backed by an iconic Silicon Valley-based venture capital […]

Verdant Capital Wins PEA Local Financial Advisor Of the Year 2021

Private Equity Africa (PEA) has announced that the 2021 Local Financial Advisor Award Winner is Verdant Capital! In their 10th year, the PEA awards are the ultimate accolade of success in the African Private Equity industry. The final winners were selected by an independent panel of 20 judges which included representation from CDC, DEG, EBRD, IFC, Mbuyu Capital Partners, Wimmer Family Office, 27four Investment Managers and Family Office Data Alliance. The 36 winners beat stiff competition and will be presented with their trophies at the landmark 10th Annual PEA Awards Gala Dinner to be hosted in London in 2022.