Verdant Capital hires Fund Accountant & Finance Manager

Senamile Mazubane has joined Verdant Capital as the Fund Accountant and Finance Manager, and is responsible for the Verdant Capital Hybrid Fund I and the Verdant Capital Group. Senamile is a qualified Chartered Accountant from Sanlam Group, with technical expertise in group consolidated reporting, fund accounting for local and international funds, and funds of funds, non-listed asset class investment reporting and regulatory reporting for financial services. While at Sanlam, Senamile also gained experience in investment management reporting, internal auditing for the investment business and corporate tax. Before joining Verdant Capital, Senamile had a diversified career and gained a variety of experience with over […]

New Opportunities In Financial Inclusion

The financial ecosystem in Africa is reaching an exciting new phase of development, especially in terms of the provision of financial services for the underbanked and unbanked. Inclusive financial institutions (IFIs) focusing on this segment of the market, and rather than traditional banks, continue to be at the vanguard of financial inclusion. For the IFI sector to continue expanding, it must attract additional capital, which in turn requires commercial success. The 2010s was a period of rapid evolution in important technologies, including mobile wallets, mobile payments, and means of data acquisition and aggregation. The middle and latter parts of the decade […]

Tugende closes pre-Series B funding raising a total USD 10 million in equity and debt transactions arranged by Verdant Capital

Tugende, the innovative fintech platform for MSME credit and asset-financing in East Africa, closed in Q2 pre-Series B equity funding from existing shareholders led by Partech and two new investors, including Women’s World Banking. The new investors add to the diversity of Tugende’s shareholding and complement the experience and skills that each contribute to Tugende’s growth. Along with a recent debt closing, the combined USD 10 million investment further strengthens Tugende’s balance sheet, allowing it to increase portfolio growth and address a significant credit demand amongst MSMEs, particularly after the strict lockdowns of 2020 and 2021. Tugende continues to deliver this MSME […]