Africa Tech Summit (ATS) 2023, Nairobi – Fintech & Venture Capital – the Year Ahead

Picking up right where we left off last year, Verdant Capital participated in the first panel session to open up the 2023 edition of the Africa Fintech Summit in Nairobi which took place in February. Edmund Higenbottam represented the firm on this panel which played host to representatives of top venture capital firms on the African continent such as: Anthony Kimani, Investment Associate at Enza Capital, Amee Parbhoo, Managing Partner at Accion Venture Lab, Yvonne Okafor, Investment Officer at Untapped Global. The panel was moderated by Samuel Salako, Partner at DLA Piper Africa. The panel session centered around Fintech & […]

SPENN completes strategic joint venture agreement to accelerate its entry into Nigeria

SPENN Technology A/S (“SPENN”) signed an agreement to enter a joint venture with the Nigerian National Agency for Science and Engineering Infrastructure (Naseni). Naseni is a key Nigerian governmental agency, and this arrangement will greatly accelerate the penetration of SPENN products and services in the largest African market – Nigeria. The joint venture, named Naseni SPENN, is building a full-fledged digital eco-system for disbursements. “This is a game-changer for us in Nigeria,” says Jens Glaso, CEO of SPENN. “We are thrilled by the opportunities this presents SPENN. Entry and distribution of SPENN services and products will be greatly accelerated in […]

Flow Global raises additional Bridge Funding to continue scaling its ecosystem-agnostic digital growth solution for merchants

Flow Global (“Flow”), a Fintech company that provides unique digital growth capital solutions to small Retail Merchants in Uganda and Rwanda, has successfully raised bridge funding from two investors, a Development Finance Institution and a Commercial Impact Investor housed in Europe and Asia respectively. The first funding was secured in November 2022 while the most recent was closed in March 2023. This funding sets Flow Global on a path to reach global profitability by mid-2023 as it continues to expand and scale rapidly within and across markets. Flow Global is a trendsetter in terms of providing growth financing solutions in […]