Tag Archive: Bridge Taxi Finance

Verdant Capital raises ZAR 300 million for leading South African minibus taxi finance provider, Bridge Taxi Finance

Verdant Capital has successfully raised ZAR 300 million (approx. USD 20 million) in debt financing for Bridge Taxi Finance from a small group of leading international impact investors. The funding will be used to grow the institution’s lease portfolio.  Bridge Taxi Finance, based in South Africa, provides affordable credit facilities to South African drivers – each an entrepreneur running his own taxi business – in the minibus taxi industry. It has a vertically integrated business model that includes impact vehicle finance, day to day tracking, advice and management, and vehicle repairs and services. The company has financed over 3,200 entrepreneurs […]