Verdant Capital Hybrid Fund completes a USD 7 million dual-tranche investment in Mogo Kenya
Verdant Capital Hybrid Fund completes a USD 7 million dual-tranche investment in Mogo Kenya The investment will help provide thousands of self-employed entrepreneurs operating as motorbike and tuk-tuk taxi riders or courier or delivery drivers in Kenya with greater economic empowerment and asset ownership opportunities. Verdant Capital is pleased to announce that its Verdant Capital Hybrid Fund (the “Fund”) has completed a USD 7 million dual-tranche investment comprising a subordinated loan and senior secured loan to Mogo Auto Limited (“Mogo Kenya”), a subsidiary of Eleving Group operating in Europe, Asia, and Africa. This investment is the third for the Fund. […]