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Verdant Capital Sole Advisor & Arranger for USD 20 M Debt Capital Raise for Bridge Taxi Finance

Verdant Capital has successfully raised USD 20 million in debt financing for Bridge Taxi Finance (“Bridge Taxi”) from a small group of leading international impact investors. The funding will be used to grow the institution’s lease portfolio. Bridge Taxi, 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 to date (1,100 […]