Norsad Finance

Norsad Finance Limited is a development finance company based in Gaborone, Botswana, founded in 1990. It specializes in providing funding for start-up and expansion investments in South Africa, focusing on mid-market growth companies that aim to contribute positively to the continent. Norsad Finance offers a range of financing options, including long-term investment loans, mezzanine finance, and equity financing. The company employs various financial instruments such as secured and unsecured debt, income participation loans, and convertible loans. Additionally, Norsad collaborates with development finance institutions and commercial banks to co-finance projects, tailoring its financing solutions to meet the specific needs of its clients.

Oteng Sebonego

Investment Director

12 past transactions

First Finance

Debt Financing in 2023
First Finance is a financial services provider that provides a wide range of general purpose financial services across the country.

Letshego Holdings

Debt Financing in 2023
Letshego Holdings is a regional financial services provider in Africa, specializing in consumer lending. The company offers short to medium-term secured and unsecured loans primarily to employees in the public, quasi-public, and private sectors. It serves various customer segments, including small and micro-entrepreneurs, salaried employees, and civil servants. Operating across multiple African countries, including Botswana, Ghana, Kenya, Lesotho, Mozambique, Namibia, Nigeria, Rwanda, Swaziland, Tanzania, and Uganda, Letshego aims to meet the diverse financial needs of its clients while promoting financial inclusion in the region. The company considers its banking and other financial services as a unified operating segment, focusing on delivering accessible credit solutions to enhance economic empowerment.

Bayport Management

Post in 2023
Bayport Management Ltd is a financial services company headquartered in Ebene, Mauritius, with operations extending across several countries, including Botswana, Colombia, Ghana, Mexico, Mozambique, South Africa, Tanzania, Uganda, and Zambia. Established in 2001, the company specializes in offering a range of retail financial products, including personal loans, savings accounts, flexible deposits, and transaction accounts. Additionally, Bayport provides innovative banking solutions such as mobile banking, e-wallets, payment kiosks, and ATM services. The company also offers various insurance products, including credit insurance and plans for education, hospital, and funeral coverage. Bayport Management generates revenue primarily through interest income and administration fees associated with its financial services.

Watu

Debt Financing in 2022
Watu is an asset fintech firm focused on providing affordable and flexible financing access for people.

CABS

Debt Financing in 2022
CABS offers financial products and services including transaction and savings accounts, mobile banking, loans and investment services.

Bridge Taxi Finance

Debt Financing in 2022
Bridge Taxi Finance specializes in supporting the minibus taxi industry by offering a range of essential services. The company provides vehicle financing solutions tailored to meet the needs of taxi businesses. Additionally, Bridge Taxi Finance offers comprehensive vehicle management and tracking services, ensuring that vehicles are well-maintained and operational. They also provide financial advisory services, management support, repair and maintenance services, as well as vehicle refurbishment. By sourcing vehicles at affordable costs and offering accessible financing options, the company aims to empower entrepreneurs in the taxi industry with reliable transportation solutions.

RH Bophelo

Debt Financing in 2022
RH Bophelo is a pan-African investment company that specializes in the healthcare sector, aiming to enhance the accessibility and affordability of healthcare across Africa. The company is engaged in acquiring healthcare assets, particularly in the South African market, and it invests in a variety of areas including operational infrastructure, health insurance, private hospital facilities, pharmaceuticals, retail distribution, and healthcare technology. In addition to its core healthcare investments, RH Bophelo also operates a financial services segment, which supports its overall mission by facilitating the development and expansion of healthcare services. The company's efforts are directed towards improving healthcare delivery through collaborations with governments and other organizations.

FBC Holdings

Debt Financing in 2022
FBC Holdings Limited is a diversified financial services group based in Harare, Zimbabwe, with a range of banking products and services offered through its subsidiaries. The company operates across six key segments: Commercial Banking, Microlending, Mortgage Financing, Short Term Reinsurance, Short Term Insurance, and Stockbroking. The Commercial Banking segment engages in money and foreign exchange markets and provides retail, corporate, and international banking services, as well as corporate finance. Microlending focuses on short-term loans to the informal market, while the Mortgage Financing segment offers housing development and mortgage lending services, alongside savings and investment products. The Short Term Reinsurance and Short Term Insurance segments underwrite various classes of reinsurance and insurance, including fire, engineering, motor, and marine. Lastly, the Stockbroking segment provides services related to equities markets and investment advisory.

Terramar

Debt Financing in 2022
Terramar distributes food, beverages, and other fast-moving consumer goods to serve the informal and formal markets. It also offers services including import, retailing, wholesaling, and distributing of frozen, chilled, and ambient consumer goods from Portuguese and South African procurement centers as well as from a variety of local suppliers.

onafriq

Debt Financing in 2021
MFS Africa Limited is a leading provider of mobile money interoperability in Africa, facilitating seamless money transfers and payments across the continent. Established in 2009 and headquartered in Accra, Ghana, the company connects mobile network operators through a unified API, enabling a range of services including remittances, merchant and bulk payments, as well as bank-to-wallet transfers. MFS Africa serves various stakeholders, including money transfer operators, banks, and mobile money operators, by offering alternatives for remittances, micro-lending, micro-insurance, and micro-savings. With additional offices in key African cities and London, MFS Africa plays a crucial role in enhancing financial connectivity and promoting financial inclusion across the region.

onafriq

Series C in 2021
MFS Africa Limited is a leading provider of mobile money interoperability in Africa, facilitating seamless money transfers and payments across the continent. Established in 2009 and headquartered in Accra, Ghana, the company connects mobile network operators through a unified API, enabling a range of services including remittances, merchant and bulk payments, as well as bank-to-wallet transfers. MFS Africa serves various stakeholders, including money transfer operators, banks, and mobile money operators, by offering alternatives for remittances, micro-lending, micro-insurance, and micro-savings. With additional offices in key African cities and London, MFS Africa plays a crucial role in enhancing financial connectivity and promoting financial inclusion across the region.

ExpressCredit

Debt Financing in 2021
ExpressCredit is a financial solutions company that provides online and offline consumer lending and loan services.
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