Flow Global Limited (“Flow”), a Fintech company that provides ecosystem-agnostic digital growth capital solutions to small merchants in Uganda and Rwanda, was awarded the “FinTech for Good” award at the prestigious Fintech Awards London 2023. This is yet another recognition of its ability to drive impact in emerging markets at the same time as financial returns. The Fintech commenced operations in 2018 and is on a rapid drive to expand across Africa. Flow works with merchants offering mobile money and agency banking services (“agents”), who lack the digital working capital (e-money float) to meet ever-increasing customer demand. This is a […]
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By Edmund Higenbottam, Managing Director, Verdant Capital, manager of the Verdant Capital Hybrid Fund Greater macro-economic volatility, as well as outright macro- economic headwinds, are likely to impact the asset allocations of both LPs and GPs for the balance of the decade. The early years of the 2020s, which were overshadowed by the COVID-19 pandemic and preceded armed conflict in Europe and sharp monetary policy changes in the US, saw a growth in the private credit asset class as a proportion of private capital in Africa, albeit from a low base. Will private credit continue to enjoy growth – both relative and absolute – in these […]
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Tugende, the innovative fintech platform for MSME credit and asset-financing in East Africa, has closed an additional EUR 2.5 million in debt financing from a leading European impact investor whose mandate is to support the growth of MSMEs across the African continent. The investment strengthens Tugende’s balance sheet, allowing it to continue growing its portfolio and address a significant credit demand amongst MSMEs, particularly after the strict lockdowns of 2020 and 2021. Tugende continues to deliver this MSME support with award winning positive social impact to its clients and their beneficiaries. A further accolade for Tugende’s business model was achieved when […]
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Verdant Capital – IMAP South Africa recently hosted its proprietary Video Africa virtual investor conference. Edmund Higenbottam, Managing Director at Verdant Capital shares details on the conference’s origins and explains why investor conferences such as theirs are so vital in terms of helping drive essential capital raising activities especially during the current economic crisis triggered by COVID-19. What led to you to decide to host your own investor conference? The first Video Africa was held last year during the first weeks of the disruption caused by the pandemic. We had been due to attend a large investor event in London, […]
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Category: Financial Institutions, Media
Author: Alexis Beggs Olsen
Date: 26 February 2018
Ten years after the advent of M-PESA, Kenya is arguably inclusive digital finance’s most mature market and one of its ongoing innovation epicenters...
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