Verdant Capital arranges EUR 2.5 million for Tugende
Category: Financial Institutions, Transactions
Date: 23 May 2022
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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