Verdant Capital has been ranked second in the Financial Advisers (Transaction Flow) category for East Africa at the 2024 DealMakers AFRICA Awards, under the General Corporate Finance sector. This ranking is the 5th year in the row that Verdant has ranked in the top 3 in the DealMakers Africa East Africa league able, demonstrating the firm’s consistent excellence in this market. This accolade highlights the firm’s growing influence and consistent performance in East Africa’s corporate finance space. The DealMakers rankings are the authoritative rankings for finance professionals in the African continent, across financial advisory, sponsor services, legal and transaction services […]
Verdant IMAP has successfully closed a USD 18 million senior secured debt funding for Zeepay Ghana Limited. The transaction underscores investor confidence in the company’s growth strategy and financial fundamentals. The funding will be used for working capital, including float financing. Verdant IMAP has structured and implemented a new security sharing arrangement to facilitate future participation by additional senior secured lenders. The security sharing is pursuant to a security sharing agreement and common terms agreement, with the new lenders in this USD 18 million raise and existing international lenders acceding on the same basis. The structure benefits from an […]
SAMPHONE, a pioneering fintech platform, is transforming the landscape of mobile device financing across Africa. By deploying an innovative off-balance-sheet model, SAMPHONE enables telecom operators to offer smartphone financing without assuming direct financial risk, thereby expanding digital access to underserved consumers. This strategic approach not only addresses affordability challenges but also empowers telecom providers to scale device financing sustainably. With established partnerships with leading telecom operators in Africa, SAMPHONE is redefining how mobile devices reach consumers, driving financial inclusion across the continent. Currently operating in Rwanda, Botswana, Uganda, and Zambia, SAMPHONE is strategically expanding its footprint into new African markets […]
Off Grid Electric Tanzania (“Off Grid Electric”) is a leading energy service provider, delivering clean, reliable, and affordable power to communities across Tanzania. As the second-largest energy provider after the national grid, Off Grid Electric has powered over 3 million people, including homes, businesses, government offices, and health facilities, since its inception in 2012. By integrating innovative hardware, intelligent software, and scalable financing models, Off Grid Electric ensures accessible and sustainable energy solutions for all communities—urban, peri-urban, and rural. While prioritizing those most in need, the company also serves the broader population struggling with unreliable and expensive electricity access. With […]
Africa’s financial sector is undergoing significant transformation, as institutions navigate a complex interplay of funding challenges, digital advancements, and evolving market dynamics. Verdant IMAP’s Financial Institutions and FinTechs Survey 2024 provides a detailed analysis of these trends, offering investors and industry leaders critical insights into the forces shaping the continent’s financial future. Access to funding in 2024 proved more challenging for a substantial portion of the sector, with 46% of respondents reporting increased difficulty compared to 2023. The primary obstacles cited included rising borrowing costs, limited access to international capital, and weaker financial performance. Specifically, when institutions reported difficulty in […]
MAX is at the forefront of driving financial inclusion and sustainable mobility across Africa. As the continent’s leading electric mobility company, MAX is transforming the way mobility entrepreneurs access and operate electric vehicles through its innovative subscription model. By eliminating the traditional barriers of high upfront costs, MAX empowers commercial drivers – gig economy workers and small business owners, to access affordable and sustainable transportation solutions. MAX’s strategic approach includes the rollout of advanced battery-swapping stations and charging infrastructure, creating an ecosystem that supports seamless EV operations. These innovations reduce downtime for drivers and provide cost-effective alternatives to traditional fuel-powered […]
Yabx Technologies (“Yabx”), a global fintech leader dedicated to addressing the credit gap in emerging markets, has announced a groundbreaking partnership with Yango and COFINA. This collaboration is set to transform the economic landscape in Côte d’Ivoire through their innovative “Driver Cash Advance” program. This initiative provides gig-economy drivers with instant cash advances of up to USD 500 and flexible repayment terms ranging from 2 to 8 weeks. By addressing a pressing need for accessible and affordable financial services, the program enables drivers to effectively manage their cash flow—whether for vehicle maintenance, fuel, or daily expenses—thereby enhancing their earning potential […]
Verdant Capital is proud to announce the 6th annual Video Africa Virtual Investor Conference, set to take place from March 4th to 6th, 2025. As one of Africa’s most prominent virtual investment events, Video Africa continues to connect top investors with high-growth financial institutions, including fintechs, insurtechs, credit-only institutions, and other innovative financial service providers seeking to raise debt and equity capital. Building on the success of previous years, the 2025 conference promises to deliver even greater opportunities for networking, collaboration, and strategic partnerships. Last year’s event brought together investors from multiple countries and 21 select clients operating across 13 […]
