Proparco is a Paris-based organization established in 1977 that specializes in providing private sector funding for sustainable development initiatives. It focuses on financing and supporting companies and financial institutions across Africa, Asia, Latin America, and the Middle East. Proparco targets key development sectors, including infrastructure—especially renewable energy—agriculture, financial institutions, health, and education. The organization aims to enhance the role of private entities in achieving the Sustainable Development Goals (SDGs) established by the international community in 2015. By financing projects that create jobs, provide essential goods and services, and combat climate change, Proparco contributes to sustainable economic growth and development. Its financing solutions include loans, guarantees, equity, and quasi-equity options tailored to the needs of the private sector.
Senior Investment Officer - Equity / Venture Capital
Gregor Quiniou
Principal
103 past transactions
SeA Bank
Post in 2025
SeA Bank is a banking institution that provides various services. The bank gives small businesses, large enterprises, and individuals access to a variety of banking products and services, including daily banking services, cards, including debit and credit cards, savings services, home loans, auto loans, and international transaction services. While preserving the expansion of large organizations, it places an emphasis on professional households and small and medium-sized businesses. SeA Bank was established in 1994 in Hanoi, Vietnam.
Badili
Debt Financing in 2025
Badili is a Nairobi-based re-commerce platform established in 2021 that specializes in buying and selling used and refurbished mobile phones. The company aims to make these devices affordable and accessible, while also addressing the issue of electronic waste. By offering a diverse selection of renewed phones at competitive prices, Badili enables customers to save money without compromising on quality. This approach not only provides consumers with high-quality used phones but also contributes to reducing e-waste by giving these devices a second life.
BAC Credomatic
Debt Financing in 2025
BAC Credomatic is a retail banking organization operating across multiple countries in Central America and the Caribbean, including Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, Panama, Mexico, the Bahamas, the United States, and Grand Cayman. The company provides a diverse array of financial products and services designed to meet the needs of its customers. BAC Credomatic is committed to continuous improvement and innovation while maintaining a strong focus on excellence and creativity in its operations.
Ecoener
Debt Financing in 2025
Ecoener engages in the development, construction, and management of renewable energies.
First City Monument Bank
Debt Financing in 2025
First City Monument Bank is a commercial banking institution founded in 1982 and based in Lagos, Nigeria. It serves a diverse clientele, including large corporations, small and medium enterprises, and individual customers. The bank offers a wide array of financial services, such as personal banking, business banking, and corporate banking. Its product offerings include loans, savings and current accounts, credit cards, and online banking. Additionally, First City Monument Bank provides specialized services like cash management, foreign exchange, corporate finance, and trade services. The bank's corporate finance division focuses on financial advisory, capital raising, mergers and acquisitions, and infrastructure and project finance, facilitating digital transformation in banking for its customers.
Alya
Seed Round in 2025
FinTech providing instalments & payment solutions in Africa
Acciona
Post in 2025
Acciona is a leading Spanish corporation specializing in sustainable solutions for infrastructure and renewable energy projects. Established over a century ago, it employs more than 30,000 people and operates in over 30 countries across five continents. The company is structured into two main divisions: energy and infrastructure. The energy division emphasizes renewable technologies, focusing on wind, solar, hydro, and biomass, while the infrastructure division includes construction, water treatment, and various service lines. Acciona undertakes projects through government concessions or independent opportunities, ensuring a commitment to sustainability through its Sustainability Master Plan, which aims to facilitate the transition to a low-carbon economy by optimizing resource use and minimizing environmental impact.
Sahyadri Farms
Series B in 2024
Sahyadri Farms is an integrated value chain focused on fruits and vegetables, established on January 11, 2011, by Shitij Agrawaal in Nasik, Maharashtra. This initiative is entirely managed by farmers who understand the challenges faced by small-landholding farmers. Sahyadri Farms aims to transform traditional Indian farming by procuring, processing, and marketing a variety of products, including fresh fruits like grapes and vegetables, as well as processed foods such as aseptic and frozen fruit pulps. By leveraging a network of small and marginal farmers, the company enables these producers to export their products internationally, thereby enhancing their market reach and income potential.
Grupo DIFARE
Debt Financing in 2024
A conglomerate made up of pharmaceutical and consumer companies, Grupo DIFARE is an international conglomerate. The company engages in promoting the pharmaceutical and consumer sector through pharmaceutical distribution, development of pharmacies, and representations of products with presence in the 4 regions of Ecuador. The company aims at improving the quality of health and well-being of people by contributing to the pharmaceutical and consumer sectors.
Equator
Venture Round in 2024
Equator Venture Capital, founded in 2023 and based in Nairobi, Kenya, operates as a venture capital firm focused on technology-enabled, early-stage ventures. The firm has a presence in Nairobi, Lagos, London, and Colorado, targeting investments in sectors such as energy, agriculture, and mobility. Equator aims to accelerate an equitable climate transition in Sub-Saharan Africa while promoting inclusive economic growth. The firm is supported by a team of experienced technologists, operators, and investors who possess extensive knowledge in scaling early-stage ventures within climate-positive sectors across the region.
Grp
Post in 2024
GRP manufactures reclaimed rubber from used tyres, upscaled polyamide from nylon waste, and engineered products die-cut from end-of-life tyres. They provide reclaimed rubber, engineering plastics, repurposed polyolefins, polymer composites, and custom die forms. They create a sustainable supply chain and organisational linkages.
Letshego Holdings
Debt Financing in 2024
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.
Beacon Power Services
Series A in 2024
Beacon Power Services, founded in 2013 and based in Lagos, Nigeria, specializes in energy management solutions for commercial and industrial facilities. The company employs a data-driven approach, utilizing its AI-enabled grid management platform, Adora, to provide real-time visibility into network performance for power distribution companies. This software connects to utility assets and customer nodes, enabling energy providers to anticipate outages, identify network losses, and enhance electricity distribution efficiency. Beacon Power Services develops comprehensive power generation and management plans tailored to clients' specific needs, incorporating generator resizing, peak shaving, automation, appliance upgrades, and renewable generation installations. The company's mission is to improve the quality and reliability of electricity supply in African cities by building smart grids and addressing inefficiencies in electricity distribution systems, ultimately reducing energy costs for its clients.
Win
Private Equity Round in 2024
Win is an internet service provider-based company. That provides fiber-optic channeling, growing in Lima and Callao, and thanks to this wide coverage it can optimally satisfy condominiums in different districts, without worrying about cuts or saturation of the service. It is currently deploying fiber through the districts of Lima.
Lapaire
Debt Financing in 2024
Lapaire Glasses Kenya Ltd. is a manufacturer and seller of eyeglasses, including prescription glasses and sunglasses, founded in 2018 and headquartered in Nairobi, Kenya. The company aims to improve access to affordable eyewear for the lower and middle-income populations in Africa, specifically targeting the 550 million people who need eyeglasses but face barriers to obtaining them. Lapaire offers free vision tests through mobile clinics and an online platform, along with 24/7 chat support, free delivery, and flexible payment options. Its services extend to customers in several African countries, including Uganda, Ivory Coast, Burkina Faso, and Mali. By leveraging innovative technology, Lapaire is committed to enhancing eye health and vision for its clients.
Engie
Post in 2024
ENGIE is an international energy company that focuses on providing sustainable energy solutions while promoting a transition to a carbon-neutral world. The company operates across various sectors, including electricity, natural gas, and energy services, with a strong commitment to lowering energy consumption and enhancing environmental impacts. ENGIE is a major player in Brazil, where it holds significant installed power generation capacity, primarily from clean, renewable sources. With operations spanning nearly 70 countries worldwide and a workforce of approximately 152,900 employees, ENGIE is dedicated to reconciling economic growth with social progress and environmental preservation. The firm’s history includes the merger of Gaz de France and Suez in 2008, followed by the acquisition of International Power in 2012 and a subsequent rebranding in 2015. Engie continues to prioritize its role in the energy transition while maintaining its position as a leading energy provider both in established and emerging markets.
HDBank
Post in 2024
HDBank, established in 1990, is one of the pioneering joint-stock commercial banks in Vietnam. Over its more than 30 years of operation, it has grown to become a leading financial institution in the country, with an expanding international presence. HDBank offers a comprehensive range of banking services tailored to meet the needs of retail customers, corporations, and investors. The bank is recognized for its strong financial capabilities and the adoption of modern technology, which enhance its service delivery and operational efficiency. HDBank is committed to providing quality financial solutions that support the growth and development of its clients.
RubyX
Debt Financing in 2024
RubyX is a digital lending platform that focuses on providing microfinance solutions to small businesses in emerging markets. The platform caters to service providers, enabling them to offer loans for income-generating activities. By facilitating the integration of lending features, RubyX allows non-lenders, such as digital platforms, to seamlessly incorporate financial services into their offerings. This approach not only enhances access to capital for small businesses but also empowers service providers to expand their service portfolios.
WIOCC
Debt Financing in 2024
WIOCC specializes in high-capacity connectivity solutions, linking Africa with global financial and commercial centers. Recognized as a key player in the wholesale market, it caters to carriers, mobile operators, and internet service providers by offering customized bandwidth packages tailored to meet diverse customer needs. With a comprehensive range of services, including global connectivity, carrier IP transit, and colocation, WIOCC ensures built-in redundancy in its network, safeguarding traffic and enhancing reliability. Operating across more than 30 African countries, the company positions itself as a pivotal provider of managed connectivity services for cloud operators and content providers, effectively supporting the growing demand for fixed and mobile broadband in Africa's evolving markets.
Serengeti Energy
Grant in 2024
Serengeti Energy is engaged in the development, construction, and operation of renewable energy projects, with a particular emphasis on run-of-river hydropower in Southern Africa. The company invests in and co-develops small to medium-sized independent power plants, focusing on both new and refurbished facilities. In addition to its core projects, Serengeti Energy provides installation and maintenance services for semiconductors utilized in renewable energy applications, ensuring that its operations positively impact local markets and communities.
Sonatel
Debt Financing in 2024
Sonatel SA, headquartered in Dakar, Senegal, is a leading telecommunications provider in West Africa, offering a wide range of services including fixed line, mobile, Internet, television, voice, and mobile money to both individuals and businesses. Established in 1985, Sonatel operates in Senegal and has expanded its reach to Mali, Guinea Bissau, Guinea, and Sierra Leone. The company has developed a modern, fully digitized network supported by high-speed optical fiber submarine cables, boasting one of Africa's largest Internet bandwidths at 6.5 Gbps. Through its Orange brand, Sonatel facilitates the convergence of mobile, Internet, and television technologies, playing a crucial role in the economic development of Senegal and positioning the country as a telecommunications hub in the region.
KCB Group
Debt Financing in 2024
KCB Group Plc is the largest commercial bank in East Africa, established in 1896 in Kenya. The bank has expanded its operations across several countries, including Tanzania, South Sudan, Uganda, Rwanda, Burundi, and Ethiopia, and it also owns the National Bank of Kenya. With the largest branch network in the region, KCB operates 354 branches, 1,103 ATMs, and collaborates with over 26,000 merchants and agents to provide banking services around the clock. Besides its core banking services, KCB Group has diversified into non-banking ventures, including KCB Insurance Agency, KCB Capital Limited, and KCB Foundation. The company emphasizes digital banking, offering mobile and internet banking services along with a 24-hour contact center for customer support. Furthermore, KCB maintains a network of over 200 correspondent banks globally, ensuring effective facilitation of international trade for its clients.
Maad
Debt Financing in 2024
Maad is a rapidly growing B2B marketplace located in Dakar, Senegal, focused on serving small retailers and fast-moving consumer goods (FMCG) brands in Francophone Africa. The company offers a technology-driven platform that facilitates mobile ordering and ensures reliable product delivery. Its services include providing data on product availability and market share, as well as targeted promotional offerings to help businesses enhance their sales. Additionally, Maad supports retailers by offering working capital loans, creating a comprehensive solution for their operational needs.
QMC Telecom International
Debt Financing in 2024
QMC Telecom specializes in providing wireless infrastructure for telecommunications carriers in Puerto Rico. Incorporated in 2011 and headquartered in São Paulo, Brazil, with an additional office in San Juan, Puerto Rico, the company focuses on developing, owning, acquiring, and managing rooftop sites and leasing towers. By offering comprehensive site development services, QMC Telecom enables telecommunications operators to efficiently meet their wireless connectivity requirements through reliable and timely installations.
NCBA Group
Private Equity Round in 2024
NCBA Group Plc is a financial services conglomerate operating in East and West Africa. The company offers a range of services, including retail, corporate, and digital banking, as well as brokerage, bancassurance, and investment banking. Its operations are divided into five segments: Corporate and Institutional Banking, Retail Banking (which encompasses SME and Consumer Banking), Treasury Dealing, Digital Banking, and Investment Banking. The majority of its revenue is generated from Kenya, with additional contributions from Uganda, Tanzania, and Rwanda.
Ecobank
Post in 2023
Ecobank Transnational Incorporated (ETI), a public limited liability company under a private sector initiative spearheaded by the Federation of West African Chambers of Commerce and Industry with the support of the Economic Community of West African States (ECOWAS). In the early 1980’s foreign and state-owned banks dominated the banking industry in West Africa. Commercial banks in West Africa owned and managed by the African private sector were a rarity. Its founders created ETI with the objective of filling this vacuum. The Federation of West African Chambers of Commerce promoted and initiated a project to create a private, regional banking institution in West Africa. In 1984, Ecopromotions S.A. was incorporated. Its founding shareholders raised seed capital for feasibility studies and the promotional activities leading to the creation of ETI. In October 1985, ETI was incorporated with authorised capital of US$100 million. The initial paid up capital of US$32 million was raised from over 1,500 individuals and institutions from West African countries. The largest shareholder was the ECOWAS Fund for Cooperation, Compensation and Development (ECOWAS Fund), the development finance arm of ECOWAS. Ecobank signed a Headquarters’ Agreement with the Government of Togo in 1985, which granted it the status of an international organisation. This status came with the rights and privileges necessary for ETI to operate as a regional institution, including the status of a non-resident financial institution. ETI commenced operations with its first subsidiary in Togo in March 1988.
Dakar Mobilite
Debt Financing in 2023
Dakar Mobilité is the Senegalese business that operates the Dakar BRT. The company is concerned with road safety, air pollution, and greenhouse gas emissions.
Netis Group
Acquisition in 2023
Netis Group provides telecommunication infrastructure solutions and services to the industry.
DRU
Seed Round in 2023
dru is the Middle East and Africa's (MEA) first patient-centric, digitally-enabled lifestyle and diabetes management platform. dru aids the prevention and management of Diabetes, Pre-diabetes, and Obesity- serving millions in Egypt and across MEA and harnessing cutting-edge technology and an extensive network of providers. By using dru's app, users can keep track and continuously monitor their blood sugar and blood pressure levels. dru users also have a full and organized record of their medications, lab and radiology results by logging them all in dru’s digital logbook intended for all types of medical records. One of the very unique features of dru is that it can connect its users to a wide array of monitoring devices, including continuous glucose monitoring. The insight dru users have access to as a result of dru’s features enables them to attain full 360 degree visibility over their health and state of wellbeing. dru’s round-the-clock medical support team are also available through the in-app's chat feature to answer all user queries and to connect users with a wide network of providers that are specialized in their cases. dru is now available for users, patients and patient caregivers to download on the Apple Store and on Google Play. dru was launched in 2023 by Almouneer, the leading digital transformation platform revolutionizing healthcare for patients and doctors across MEA.
Almouneer
Seed Round in 2023
Healthcare, Diabetes, Practice Management, Technology
Husk Power Systems
Series D in 2023
Husk Power Systems Pvt. Ltd. is a renewable energy company based in Patna, India, that focuses on generating and distributing electricity to households, community services, small businesses, and factories. Founded in 2007, the company utilizes biomass waste—such as rice husks and other agricultural residues—to produce electricity through its proprietary technology. Husk Power Systems designs and operates mini-power plants and micro-grids, offering electricity as a pay-for-use service primarily to rural areas. This approach not only provides reliable lighting, reducing reliance on kerosene, but also fosters economic development by enabling microenterprises and the use of electricity-operated machinery. By creating a sustainable energy ecosystem at each power plant, Husk Power Systems aims to deliver shared value to its stakeholders and stimulate local economies.
ZIZ Energie
Debt Financing in 2023
ZIZ Energie focuses on the development, financing, construction, and operation of metro-grids, aiming to decentralize green energy in Chad. The company specializes in both rural and urban electrification, offering construction services that facilitate access to electricity. Additionally, ZIZ Energie distributes electrical products and equipment and provides energy services tailored for industrial and commercial clients. Through its initiatives, ZIZ Energie seeks to enhance energy accessibility and promote sustainable energy solutions in the region.
Águas do Rio
Debt Financing in 2023
Aguas do Rio is responsible for sanitation services in 27 municipalities in the state of Rio de Janeiro.
Complete Farmer
Seed Round in 2023
Complete Farmer Ltd. is an agricultural services company based in Accra, Ghana, established in 2017. It focuses on building and managing crop farms while offering a digital agriculture platform that connects industries with quality farm produce. The company utilizes Internet of Things technology and machine learning algorithms to enable farm owners to monitor their crops and farming processes effectively. Complete Farmer's crowd-farming platform allows individuals to invest in sustainable farming, promoting food security and nutritious eating. By eliminating middlemen and farm produce aggregators, the platform provides a streamlined approach to sourcing quality crop commodities, thereby helping clients gain a competitive advantage in various agricultural value chains. Additionally, Complete Farmer offers education and training to farmers, ensuring that they meet industry specifications and quality standards.
ANKA
Debt Financing in 2023
ANKA is an e-commerce platform dedicated to the discovery, purchase, and sale of African fashion, arts, and crafts. Founded in 2015 and based in Abidjan, Ivory Coast, ANKA aims to connect lovers of African creations with local artisans, enabling creators to monetize their work while allowing customers worldwide to access unique products. The platform facilitates direct transactions and exchanges between buyers and sellers, ensuring a user-friendly and secure experience. ANKA offers a diverse range of items, including clothing, jewelry, accessories, and art, promoting the rich cultural heritage and creativity of Africa.
ANKA
Seed Round in 2023
ANKA is an e-commerce platform dedicated to the discovery, purchase, and sale of African fashion, arts, and crafts. Founded in 2015 and based in Abidjan, Ivory Coast, ANKA aims to connect lovers of African creations with local artisans, enabling creators to monetize their work while allowing customers worldwide to access unique products. The platform facilitates direct transactions and exchanges between buyers and sellers, ensuring a user-friendly and secure experience. ANKA offers a diverse range of items, including clothing, jewelry, accessories, and art, promoting the rich cultural heritage and creativity of Africa.
Nuru
Series B in 2023
Nuru is a company focused on improving energy access and connectivity in the Democratic Republic of Congo. Founded in 2015 and headquartered in Goma, the company has made significant strides in renewable energy by deploying the country's first solar-based mini-grid in 2017. Nuru is currently constructing a 1.3MW solar hybrid site in Goma, which will be the largest off-grid mini-grid in sub-Saharan Africa. The company specializes in solar energy and storage micro-grid solutions, providing affordable and reliable energy to commercial and industrial users through innovative practices in solar microgrid development.
TUHF
Debt Financing in 2023
TUHF Limited is a commercial property finance company based in Johannesburg, South Africa, that specializes in providing financial solutions to entrepreneurs in inner-city precincts and surrounding areas. Founded in 2003, the company offers long-term loans secured by mortgage collateral for property purchases, construction, and improvements. It also provides bridge financing and short-term loans to meet temporary financial needs. In addition to funding, TUHF Limited supports its clients with guidance and risk management services, helping them navigate the complexities of property finance. The company operates as a subsidiary of TUHF Holdings Limited and was known as TUHF Proprietary Limited until its name change in 2015.
Maad
Debt Financing in 2023
Maad is a rapidly growing B2B marketplace located in Dakar, Senegal, focused on serving small retailers and fast-moving consumer goods (FMCG) brands in Francophone Africa. The company offers a technology-driven platform that facilitates mobile ordering and ensures reliable product delivery. Its services include providing data on product availability and market share, as well as targeted promotional offerings to help businesses enhance their sales. Additionally, Maad supports retailers by offering working capital loans, creating a comprehensive solution for their operational needs.
Quadria Capital
Venture Round in 2023
Quadria Capital, established in 2012, is a Singapore-based private equity firm with an additional office in New Delhi. The company specializes in investing in the high-growth healthcare sector across South Asia and Southeast Asia, focusing on mid-sized companies in healthcare delivery, life sciences, medical technology, and associated healthcare services. Quadria Capital aims to generate significant financial returns for its investors by addressing critical and undersupplied healthcare needs in the region, leveraging its team's operational and transactional experience in the sector.
Gravita India
Post in 2023
Gravita India Ltd. is an Indian corporation based in Tilak Nagar, Jaipur, specializing in the manufacturing of lead metal and related products. The company operates in several business segments, including lead processing, aluminum processing, turn-key solutions, and plastic manufacturing. It produces a variety of products, primarily lead, aluminum, and plastics, with the lead processing segment accounting for the majority of its revenue. Gravita India also engages in exports, supplying its products to international markets such as the United Arab Emirates and South Korea, among others.
Raxio Data Centre
Debt Financing in 2023
Raxio Group is Africa’s leading carrier-neutral data centre operator, delivering best-in-class colocation, cross connect, fibre and IT infrastructure services. With our local market knowledge and global nexus of industry experts and partners, we build and operate a network of connected data centres that will serve as the foundation of Africa’s digital economy.
Nuru
Convertible Note in 2023
Nuru is a company focused on improving energy access and connectivity in the Democratic Republic of Congo. Founded in 2015 and headquartered in Goma, the company has made significant strides in renewable energy by deploying the country's first solar-based mini-grid in 2017. Nuru is currently constructing a 1.3MW solar hybrid site in Goma, which will be the largest off-grid mini-grid in sub-Saharan Africa. The company specializes in solar energy and storage micro-grid solutions, providing affordable and reliable energy to commercial and industrial users through innovative practices in solar microgrid development.
Svatantra
Debt Financing in 2023
Svatantra is a next-generation microfinance entity led by Ms. Ananya Birla, offering unique banking solutions to underserved populations. Utilizing technological innovation, Svatantra aims to provide banking services to those who are traditionally excluded from the financial system.
Fleeti
Seed Round in 2023
Fleeti specializes in developing smart fleet management and geotracking solutions aimed at optimizing fleet operations. Their offerings include GPS tracking, route optimization, fuel management, and maintenance monitoring, as well as automobile sharing services. The company's IoT-based software is designed to enhance efficiency, safety, and sustainability for organizations by providing critical data on fuel economy, engine hours, and driving analysis. Fleeti's solutions enable clients to digitize and streamline their fleet activities, ultimately contributing to a reduced environmental impact and improved operational performance.
Workpay
Seed Round in 2023
Workpay is a software company that specializes in payroll, benefits, and compliance solutions for businesses operating in Africa. It provides a cloud-based platform that enables companies to manage employee payments efficiently, including time tracking and human resource management. Workpay's services facilitate timely salary disbursements directly to employees' bank accounts or mobile wallets, simplifying the payroll process. By allowing organizations to hire both local and remote teams without the need for establishing local entities, Workpay ensures compliance with regional regulations while helping businesses attract and retain talent across the continent.
Laprophan
Venture Round in 2023
Laprophan is a manufacturer of pharmaceuticals focused on providing innovative treatments and therapies for healthcare professionals and patients globally. The company develops a range of medicines, including anti-inflammatory, anti-infective, cardiovascular, central nervous system, and gastrointestinal products. Laprophan is dedicated to ensuring patient-centered care throughout its operations, from product development to service delivery, while striving to offer therapeutic solutions at an affordable price.
Jetstream Africa
Seed Round in 2023
Jetstream Africa Limited is a cloud-based logistics platform based in Accra, Ghana, founded in 2018. The company specializes in providing cross-border marine logistics services, facilitating freight forwarding and global exports for African suppliers. By offering tools for booking, tracking, and consolidating shipments, Jetstream enhances access to international trade for small and medium-sized enterprises (SMEs) across Africa. The platform aims to simplify the shipping process, making it more accessible for businesses to engage in global commerce.
Sun King
Debt Financing in 2022
Sun King is a solar energy company that specializes in providing off-grid power solutions across Africa and Asia. It designs, manufactures, and distributes solar home systems, inverter systems, and portable lanterns, targeting communities with limited access to reliable electricity. Sun King offers pay-as-you-go financing options, enabling customers to acquire these products through small, affordable installments over time. The company collaborates with international distribution partners to expand its reach within the off-grid market.
Sahyadri Farms
Venture Round in 2022
Sahyadri Farms is an integrated value chain focused on fruits and vegetables, established on January 11, 2011, by Shitij Agrawaal in Nasik, Maharashtra. This initiative is entirely managed by farmers who understand the challenges faced by small-landholding farmers. Sahyadri Farms aims to transform traditional Indian farming by procuring, processing, and marketing a variety of products, including fresh fruits like grapes and vegetables, as well as processed foods such as aseptic and frozen fruit pulps. By leveraging a network of small and marginal farmers, the company enables these producers to export their products internationally, thereby enhancing their market reach and income potential.
liwwa
Debt Financing in 2022
liwwa, Inc. operates a peer-to-peer lending platform that connects small and medium-sized enterprises (SMEs) in need of capital with investors seeking to diversify their portfolios. The platform allows borrowers to apply for small business loans while offering investors the opportunity to earn regular monthly returns. Liwwa conducts in-house assessments of the creditworthiness of businesses and implements a lease-to-own model that provides an interest-free return for investors. Founded in 2013 and headquartered in Amman, Jordan, liwwa has raised seed funding to expand its team and develop new product offerings, thereby enhancing its capacity to support SMEs in the MENA region and beyond.
Northern Arc
Debt Financing in 2022
Northern Arc Capital Limited is a non-banking financial company based in Chennai, India, that focuses on providing access to debt finance for underserved households and businesses. The company offers a diverse range of financial products, including microfinance, agricultural finance, housing finance, vehicle finance, consumer finance, small business loans, and gold loans. In addition to traditional lending, Northern Arc Capital provides fintech services, structured products, and capital market instruments. The company also engages in debt syndication and guarantee-backed lending, facilitating connections between originators to enhance the delivery of financial services. Established in 1989 and originally named IFMR Capital Finance Private Limited, it rebranded to Northern Arc Capital Limited in March 2018.
Annapurna Finance
Series A in 2022
Annapurna Finance is a microfinance institution focused on the financial and economic upliftment of underserved women and economically backward clients. The organization aims to expand microfinance operations in areas lacking access to formal financial systems, providing vital livelihood support to impoverished households. Annapurna Finance offers a range of need-based financial services, including micro-loans for clean water, sanitation, home improvement, support for widowed families, and small businesses. Additionally, the company provides customized insurance plans to ensure that customers receive tailored financial assistance aligned with their life cycle needs. By bringing these clients into the financial mainstream, Annapurna Finance facilitates economic empowerment and entrepreneurial skill development.
Moringa School
Seed Round in 2022
Moringa School is a coding institution focused on developing technical skills among students through intensive training programs. It specializes in software engineering, data science, and professional development, offering a range of courses in areas such as software development, computer programming, UI and UX design, machine learning, and full stack web development. By providing both full-time and part-time education options, Moringa School equips its pupils and graduates with the necessary skills to thrive in the global digital economy. The institution aims to enhance the employability of its students by ensuring they are well-versed in essential technologies and concepts relevant to the industry.
GOMYCODE
Series A in 2022
GoMyCode operates an educational platform that focuses on teaching digital skills and connecting students with technology opportunities globally. Founded in 2017 and headquartered in Tunis, Tunisia, with additional locations in Algeria, France, and Morocco, the company offers programs in various fields, including artificial intelligence, web development, deep learning, DevOps, UX design, and digital marketing. GoMyCode employs a blended learning approach that combines online and offline instruction, enhancing the learning experience through data-driven assessments and matching. By providing comprehensive training in data, development, design, and digital marketing, GoMyCode aims to prepare students for the future job market and empower them with the necessary skills to thrive in a rapidly evolving digital landscape.
Maris Africa
Venture Round in 2022
Maris Africa is an investment holding company based in Grand Baie, Mauritius, focused on fostering sustainable, long-term growth across various sectors in Africa. The company specializes in investing in early-stage and startup small and medium enterprises (SMEs), particularly in property services, business services, mining, and agriculture and forestry. Maris Africa aims to develop its portfolio companies into scalable and cash-generating businesses, emphasizing active community engagement and proactive management of environmental, social, and governance (ESG) risks. Through its strategic investments, Maris Africa seeks to contribute positively to the economic landscape while ensuring responsible business practices.
Serengeti Energy
Venture Round in 2022
Serengeti Energy is engaged in the development, construction, and operation of renewable energy projects, with a particular emphasis on run-of-river hydropower in Southern Africa. The company invests in and co-develops small to medium-sized independent power plants, focusing on both new and refurbished facilities. In addition to its core projects, Serengeti Energy provides installation and maintenance services for semiconductors utilized in renewable energy applications, ensuring that its operations positively impact local markets and communities.
Enko Education
Series B in 2022
Enko Education operates a network of international secondary schools across Africa, providing students with a pathway to admission at top universities worldwide. The organization focuses on delivering an innovative educational model based on an internationally recognized curriculum. By offering quality education at discounted fees, Enko Education aims to prepare learners for global academic opportunities and foster their development in a competitive educational landscape.
KELIX Bio
Venture Round in 2022
KELIX Bio is a biopharmaceutical company that specializes in the development and distribution of high-complexity generic medicines, targeting underserved populations in emerging markets, particularly in Egypt and North Africa. The company focuses on differentiated therapeutic areas, including oncology, and aims to enhance the availability and affordability of essential pharmaceuticals in these regions. By leveraging innovation and cost leadership, KELIX Bio seeks to address the challenges faced by healthcare systems in providing access to critical medications, ultimately improving health outcomes for patients in its markets.
Respublica
Private Equity Round in 2022
Respublica develops and manages student accommodation places in South Africa.
Goodlife Pharmacy
Debt Financing in 2022
GoodLife Pharmacy is a retail pharmacy chain based in Nairobi, Kenya, serving over 600,000 customers through 19 convenient locations across East Africa. The company specializes in providing trusted pharmaceuticals and wellness products, alongside a range of health services. These services include monitoring blood pressure, blood glucose levels, and body mass index, as well as offering malaria testing, family nutrition guidance, doctor consultations, and laboratory services. By focusing on affordability and accessibility, GoodLife Pharmacy aims to enhance healthcare availability for its customers.
Paps
Seed Round in 2022
Paps is a transport and logistics company based in Dakar, Senegal, founded in 2016. It provides innovative distribution and delivery solutions tailored for companies and merchants. The company's e-commerce platform facilitates real-time scheduling and tracking of deliveries, enhancing the logistics process. Paps specializes in the distribution of documents and parcels, secure storage of goods, and insured delivery options, including last-mile and relay point services. Additionally, it offers professional services such as cash-on-delivery management, courier provision, returns management, and periodic reporting. The company’s on-demand logistics application features live tracking, an intelligent address system, and automatic dispatch, ensuring clients benefit from timely shipment movements.
MAX
Series B in 2021
MAX is a company that specializes in providing motorcycle taxi and transport services, focusing on the last-mile delivery and online retail challenges in Africa. By utilizing mobile and web platforms, MAX connects consumers, retail businesses, and independent drivers in real-time, effectively removing logistical and technological barriers that have hindered retail growth on the continent. Additionally, MAX offers electric and low-emission vehicle subscription services tailored for commercial drivers, promoting financial freedom and wealth creation through vehicle ownership. The company aims to ensure that independent drivers have access to safe, reliable, and sustainable mobility solutions, thereby enhancing the overall transport landscape in Africa.
Caisse Régionale de Refinancement Hypothécaire (CRRH-Uemoa)
Debt Financing in 2021
CRRH-UEMOA is a regional initiative to improve housing finance in UEMOA countries. It seeks to mobilize long-term resources at competitive rates for the benefit of its shareholder bank and SFD clientele for the refinancing of housing loans granted to their customers. In addition to the resources it raises on the financial markets through bond issuances, CRRH-UEMOA raises concessional resources from development partners for the refinancing of housing loans in favor of low-income and/or irregular households by banks and DFS.
WIOCC
Debt Financing in 2021
WIOCC specializes in high-capacity connectivity solutions, linking Africa with global financial and commercial centers. Recognized as a key player in the wholesale market, it caters to carriers, mobile operators, and internet service providers by offering customized bandwidth packages tailored to meet diverse customer needs. With a comprehensive range of services, including global connectivity, carrier IP transit, and colocation, WIOCC ensures built-in redundancy in its network, safeguarding traffic and enhancing reliability. Operating across more than 30 African countries, the company positions itself as a pivotal provider of managed connectivity services for cloud operators and content providers, effectively supporting the growing demand for fixed and mobile broadband in Africa's evolving markets.
BCP Bank
Debt Financing in 2021
BCP Bank (Mauritius) Ltd is a comprehensive banking institution based in Ebene, Mauritius, providing a wide range of financial services to individuals, professionals, small and medium enterprises (SMEs), and corporate clients. The bank offers various products, including savings and current accounts, fixed deposits, personal and home loans, as well as short and long-term financing options. In addition, BCP Bank provides services such as bank guarantees, debit cards, insurance products, foreign exchange, treasury management, and private banking. With a network of six branches, the bank serves both domestic and international markets, having established a reputation for reliability among significant global organizations. Founded in 2003 and formerly known as Banque Des Mascareignes Ltee, BCP Bank underwent a rebranding in March 2019 and operates as a subsidiary of Banque Centrale Populaire and Groupe Sipromad SA.
Khan Bank
Debt Financing in 2021
Khan Bank is a universal bank based in Mongolia that provides a wide range of banking and financial services to consumers, small and medium enterprises, and corporate clients. Its offerings include consumer loans, mortgage loans, herd loans, business loans, and various banking services such as internet and telephone banking. Additionally, the bank facilitates foreign payments and offers banking card services, alongside customer service and insurance brokerage services. By catering to the diverse financial needs of its clients, Khan Bank aims to support their growth and contribute positively to the well-being of society.
Africa Mobile Networks
Private Equity Round in 2021
Africa Mobile Networks Ltd is a company focused on financing, building, and operating mobile network base stations in the Sub-Saharan Africa region, with the aim of connecting rural populations that lack access to mobile services. Established in 2013 and headquartered in Milton Keynes, United Kingdom, the company employs a combination of low power Base Transceiver Station (BTS) transmitters and Very Small Aperture Terminal (VSAT) satellite technology. This infrastructure directs traffic onto existing networks and is powered by solar panels, promoting sustainability. Africa Mobile Networks also engages in identifying opportunities within individual countries, developing business plans, and collaborating with local stakeholders to establish operational frameworks. This approach allows mobile network operators to expand their subscriber base and generate new revenue streams without significant capital expenditure.
Banco Sofisa
Debt Financing in 2021
Banco Sofisa is a commercial bank based in Brazil that offers a range of banking and financial services to both businesses and individual customers. The bank is dedicated to providing various financial solutions tailored to meet the needs of its clients, ensuring accessibility and efficiency in its operations. Through its comprehensive service offerings, Banco Sofisa aims to support the financial growth and stability of its customers in the Brazilian market.
d.light
Private Equity Round in 2021
D.light is a developer of solar home lighting and power products aimed at making clean energy accessible and affordable for rural and semi-urban populations. The company's offerings include a range of solar-powered devices such as lights, radios, televisions, fans, and other home appliances, all of which are part of rechargeable solar kits. These products are designed to improve health, increase productivity, and enhance the overall quality of life for users by providing reliable and sustainable energy solutions.
Medsaf
Debt Financing in 2021
Medsaf is a pharmaceutical platform based in Lagos, Nigeria, that facilitates the delivery of medications to hospitals, pharmacies, and clinics. Founded in 2014, the company offers a wide range of products, including antacids, antiviral drugs, anaemia treatments, antiseptics, and vitamins. Medsaf aims to enhance the accessibility of affordable, quality medications through an integrated suite of technologies designed to improve efficiency and transparency in the supply chain. Its services include online product distribution, quality control as a service, and a marketplace that connects healthcare providers with vetted suppliers and logistics partners. Additionally, Medsaf features an embedded finance platform that provides buy-now-pay-later solutions for medication procurement, streamlining the financial aspects of the pharmaceutical supply process.
Nuru
Venture Round in 2021
Nuru is a company focused on improving energy access and connectivity in the Democratic Republic of Congo. Founded in 2015 and headquartered in Goma, the company has made significant strides in renewable energy by deploying the country's first solar-based mini-grid in 2017. Nuru is currently constructing a 1.3MW solar hybrid site in Goma, which will be the largest off-grid mini-grid in sub-Saharan Africa. The company specializes in solar energy and storage micro-grid solutions, providing affordable and reliable energy to commercial and industrial users through innovative practices in solar microgrid development.
Daystar Power
Series B in 2021
Daystar Power focuses on delivering solar power and energy efficiency solutions tailored for businesses in the commercial, industrial, and agricultural sectors. The company aims to provide affordable, reliable, and clean energy through solar hybrid power systems, which help clients significantly reduce power costs, diesel consumption, and pollution. Daystar Power offers its services through flexible payment options, including cash sales or monthly fees, allowing companies to achieve a stable power supply while minimizing their environmental impact.
Paps
Seed Round in 2021
Paps is a transport and logistics company based in Dakar, Senegal, founded in 2016. It provides innovative distribution and delivery solutions tailored for companies and merchants. The company's e-commerce platform facilitates real-time scheduling and tracking of deliveries, enhancing the logistics process. Paps specializes in the distribution of documents and parcels, secure storage of goods, and insured delivery options, including last-mile and relay point services. Additionally, it offers professional services such as cash-on-delivery management, courier provision, returns management, and periodic reporting. The company’s on-demand logistics application features live tracking, an intelligent address system, and automatic dispatch, ensuring clients benefit from timely shipment movements.
Solarise Africa
Series B in 2020
Solarise Africa is a pan-African Energy-as-a-Service company headquartered in Nairobi, Kenya, specializing in financial leasing services for solar and other energy assets aimed primarily at Commercial and Industrial clients. The company provides reliable and affordable decentralized energy solutions, collaborating closely with a selected group of renewable energy solution providers to create tailor-made financial options. By offering upfront investment and manageable payment plans, Solarise Africa enables businesses to deploy clean energy systems that lower their carbon footprint, reduce costs, and enhance productivity. This approach not only supports the growth of their partners but also contributes to the broader progress of energy access and sustainability across Africa.
Proximity Designs
Venture Round in 2020
Proximity Designs is a non-profit organization founded in 2004 that focuses on improving the livelihoods of farmers in Myanmar through innovative agricultural solutions. The organization designs and manufactures a range of farming equipment, including sprinklers, solar irrigation pumps, and hand-powered water pumps. In addition to its agricultural products, Proximity Designs offers agronomy advisory services, social services, and agricultural financing through Proximity Finance, a microfinance institution that currently serves approximately 100,000 households with plans to expand significantly in the coming years. The organization aims to promote sustainable farming practices and enhance economic opportunities for rural communities in Myanmar. Headquartered in South Pasadena, California, it also operates an office in Yangon, Myanmar.
Rensource
Venture Round in 2020
Rensource is an innovative energy company focused on providing financial services related to renewable energy. It offers a business model that enables companies across Nigeria and West Africa to sell Power-as-a-Service (PaaS) to their customers. Rensource generates electricity through small solar-hybrid systems installed at customer locations. The company operates with an internal financing structure that supports the deployment of these systems and manages monthly collections from customers. By facilitating access to decentralized solar energy, Rensource aims to enhance the productivity of small and medium-sized enterprises (SMEs) in the region while promoting the use of clean energy sources. Its overarching mission is to position Nigeria as a leader in distributed renewable power generation.
Avaada Energy
Venture Round in 2019
Avaada is a renewable energy company focused on the development and operation of solar and wind power projects. The company aims to integrate business objectives with environmental sustainability and social responsibility, fostering mutual benefits for both the community and its shareholders. Avaada engages in various initiatives that contribute to the socio-economic development of the communities in which it operates, enhancing their quality of life. Additionally, Avaada is involved in solar and electrolyzer manufacturing, as well as the development of green hydrogen and ammonia, striving to create a positive impact through sustainable aviation fuel and green methanol. By working towards reducing carbon emissions, Avaada is committed to empowering communities and promoting a sustainable future.
NeoGrowth
Debt Financing in 2019
Neogrowth is a non-banking financial company based in Mumbai, Maharashtra, that specializes in providing financial solutions to small and medium-sized enterprises in India. Established in 2011 by Dhruv Khaitan and Piyush Khaitan, the company focuses on meeting the financial needs of businesses that sell goods and services directly to consumers. Neogrowth offers term working capital loans and inventory financing against future credit and debit card sales, facilitating easy access to credit for small merchants. Its clientele includes a diverse range of sectors, such as retail companies selling apparel, electronics, and handicrafts, as well as restaurants, beauty salons, hotels, gyms, and health diagnostic centers.
Meditect
Pre Seed Round in 2019
Meditect is a social enterprise focused on digitizing the medicine supply chain in Africa, with operations in Côte d'Ivoire, Senegal, and Cameroon, and plans for expansion across sub-Saharan Africa. The company develops AI and blockchain-based software designed to track falsified medicines and enhance the integrity of drug distribution. By providing innovative solutions, Meditect aims to combat the sale of counterfeit medications and ensure the authenticity of medicines through a system that allows pharmacists to verify their products. This initiative addresses the critical challenge of access to quality medicines in the context of Africa's rapidly growing population, leveraging digital technology to improve healthcare delivery in developing countries.
Jumo
Venture Round in 2018
Jumo is a fintech company that specializes in providing banking technology aimed at enhancing financial access in emerging markets, particularly in Africa and Asia. The company partners with banks to deliver loans, savings, and various financial services to traditionally underserved customers. By utilizing artificial intelligence and machine learning, Jumo develops credit scores and financial products tailored to individual needs. Their platform also employs behavioral data from mobile usage to establish financial identities for small and medium enterprises, allowing customers to engage with financial services in a cost-effective and responsible manner. Jumo offers essential reporting, analytics, and insights to its partners, facilitating improved service delivery and financial choices for their clients.
Jumo
Series B in 2018
Jumo is a fintech company that specializes in providing banking technology aimed at enhancing financial access in emerging markets, particularly in Africa and Asia. The company partners with banks to deliver loans, savings, and various financial services to traditionally underserved customers. By utilizing artificial intelligence and machine learning, Jumo develops credit scores and financial products tailored to individual needs. Their platform also employs behavioral data from mobile usage to establish financial identities for small and medium enterprises, allowing customers to engage with financial services in a cost-effective and responsible manner. Jumo offers essential reporting, analytics, and insights to its partners, facilitating improved service delivery and financial choices for their clients.
Enko Education
Series A in 2018
Enko Education operates a network of international secondary schools across Africa, providing students with a pathway to admission at top universities worldwide. The organization focuses on delivering an innovative educational model based on an internationally recognized curriculum. By offering quality education at discounted fees, Enko Education aims to prepare learners for global academic opportunities and foster their development in a competitive educational landscape.
Merec Industries
Private Equity Round in 2018
Merec Industries, SA is a family-owned company based in Maputo, Mozambique, with additional offices in Machava, Beira, and Nacala. Founded in 1998, the company specializes in the manufacturing and sale of wheat and maize-based products, including wheat flour, maize meals, pasta, biscuits, and animal by-products such as dog food and meat feed. Merec Industries aims to strengthen its presence in the Southern African Development Community (SADC) region and aspires to evolve into an integrated multinational packaged food group. By offering a diverse range of healthy packaged foods, the company serves both the Mozambican and South African markets.
Azure Power
Post in 2018
Azure Power is a leading provider of solar energy in India, specializing in the development, construction, ownership, operation, and maintenance of solar power plants. The company focuses on generating solar energy while managing all associated responsibilities and complexities, allowing customers to benefit from renewable power without incurring high upfront costs. Azure Power generates revenue from a diverse clientele that includes both central and state government utilities, as well as commercial entities. Its operational capacity is primarily concentrated in regions with high solar irradiation, such as Rajasthan, Gujarat, Maharashtra, and Andhra Pradesh.
Enda Tamweel
Corporate Round in 2018
Enda Tamweel SA is a microfinance company established in 2015 in Tunis, Tunisia, by the NGO Enda Inter-Arab. The company focuses on providing financial and non-financial services aimed at micro-entrepreneurs, particularly marginalized households, including women and youth. Its financial offerings include various micro-credits tailored for agricultural and non-agricultural projects, as well as a creation pack designed to support young entrepreneurs. Additionally, Enda Tamweel provides digital services such as M-dinar for mobile payment transactions and the La Carte Mobitamweel prepaid card. Beyond financial products, the company offers non-financial support services that encompass training, marketing assistance, and awareness programs for children, alongside microinsurance options. Through these comprehensive services, Enda Tamweel aims to enhance the living conditions of its clients and foster an entrepreneurial culture.
Jumo
Series A in 2018
Jumo is a fintech company that specializes in providing banking technology aimed at enhancing financial access in emerging markets, particularly in Africa and Asia. The company partners with banks to deliver loans, savings, and various financial services to traditionally underserved customers. By utilizing artificial intelligence and machine learning, Jumo develops credit scores and financial products tailored to individual needs. Their platform also employs behavioral data from mobile usage to establish financial identities for small and medium enterprises, allowing customers to engage with financial services in a cost-effective and responsible manner. Jumo offers essential reporting, analytics, and insights to its partners, facilitating improved service delivery and financial choices for their clients.
Azure Power
Post in 2017
Azure Power is a leading provider of solar energy in India, specializing in the development, construction, ownership, operation, and maintenance of solar power plants. The company focuses on generating solar energy while managing all associated responsibilities and complexities, allowing customers to benefit from renewable power without incurring high upfront costs. Azure Power generates revenue from a diverse clientele that includes both central and state government utilities, as well as commercial entities. Its operational capacity is primarily concentrated in regions with high solar irradiation, such as Rajasthan, Gujarat, Maharashtra, and Andhra Pradesh.
Ignite Holding Company
Series B in 2017
Kingo Energy, founded in 2013 and headquartered in Guatemala City, Guatemala, specializes in manufacturing solar energy systems aimed at providing reliable electricity to underserved rural communities. The company's mission is to improve the quality of life for individuals living without access to a dependable power grid, particularly in regions facing extreme poverty. Kingo offers a prepaid solar energy service that is more affordable than traditional lighting methods, such as candles and kerosene. Their solar energy kits can power essential household items, including light bulbs and mobile phone chargers, with payment options tailored to customers' budgets. Kingo has already benefited over 100,000 people, with significant reported improvements in cost savings, educational performance, and productivity among users. The company operates in Central America and South Africa, with ambitions to expand its reach to over 3 million individuals by 2020. Kingo's executive team comprises experienced professionals from various sectors, including consumer markets, telecommunications, and energy.
Sonata Finance
Venture Round in 2016
Sonata Finance is a micro-finance agency dedicated to providing financial assistance to economically disadvantaged sectors in India, particularly focusing on poor women in rural, semi-urban, and urban communities. The company enables these individuals to improve their socio-economic conditions by offering a variety of loan products tailored to their needs. In addition to lending for income-generating activities through the joint liability group model, Sonata Finance provides sanitation loans, housing loans, utility loans, two-wheeler loans, individual loans, and loans for micro, small, and medium enterprises (MSMEs). By facilitating access to financial resources, Sonata Finance aims to empower women and help them escape poverty while fostering economic development in their communities.
Voltalia
Post in 2016
Voltalia is a power producer and service provider specializing in renewable electricity generation from solar, wind, hydro, biomass, and storage solutions. The company possesses extensive expertise across the entire value chain of renewable energy projects, including development, financing, engineering, procurement, construction, and operation and maintenance. Operating in 20 countries, Voltalia offers its services to clients worldwide, demonstrating a strong commitment to sustainability and innovation in the energy sector. As of late 2018, the company had developed and sold over 1.8 GW of capacity, constructed more than 1.3 GW, and managed over 1 GW of operational capacity, with a consolidated ownership of more than 0.5 GW. While it generates a significant portion of its revenue from services, its primary geographical focus is in Europe.
Enko Education
Series A in 2016
Enko Education operates a network of international secondary schools across Africa, providing students with a pathway to admission at top universities worldwide. The organization focuses on delivering an innovative educational model based on an internationally recognized curriculum. By offering quality education at discounted fees, Enko Education aims to prepare learners for global academic opportunities and foster their development in a competitive educational landscape.
Ignite Holding Company
Convertible Note in 2016
Kingo Energy, founded in 2013 and headquartered in Guatemala City, Guatemala, specializes in manufacturing solar energy systems aimed at providing reliable electricity to underserved rural communities. The company's mission is to improve the quality of life for individuals living without access to a dependable power grid, particularly in regions facing extreme poverty. Kingo offers a prepaid solar energy service that is more affordable than traditional lighting methods, such as candles and kerosene. Their solar energy kits can power essential household items, including light bulbs and mobile phone chargers, with payment options tailored to customers' budgets. Kingo has already benefited over 100,000 people, with significant reported improvements in cost savings, educational performance, and productivity among users. The company operates in Central America and South Africa, with ambitions to expand its reach to over 3 million individuals by 2020. Kingo's executive team comprises experienced professionals from various sectors, including consumer markets, telecommunications, and energy.
Dvara
Venture Round in 2016
Dvara is a financial inclusion platform operating in India, comprising several businesses. Dvara KGFS establishes and supports local, geographically focused community financial services institutions, Kshetriya Gramin Financial Services (KGFS), catering to remote rural markets. Dvara Solutions, a software company based in Bengaluru, helps financial institutions enhance their customer-centricity. Dvara Research aims to ensure universal access to financial services. The platform operates a non-banking financial institution, offering agent-based and correspondent banking solutions, including money transfers, bill payments, loans, savings, and more, empowering low-income households and enabling financial well-being.
NMB Bank
Debt Financing in 2014
NMB Bank Limited is a prominent financial institution in Zimbabwe, offering a wide range of banking products and services to both corporate and individual clients. The bank operates through several segments, including Retail Banking, Corporate Banking, Treasury, International Banking, and Digital Banking. Its offerings encompass current and savings accounts, debit and credit cards, loans, overdrafts, and various payment services, such as bridging finance and letters of credit. Additionally, NMB Bank provides advisory services related to capital raising, corporate restructuring, and investment. The bank also delivers treasury services, which include market analysis, fixed deposits, and foreign exchange operations. With branches in major cities such as Harare, Bulawayo, and Mutare, NMB Bank has been serving the Zimbabwean market since its incorporation in 1992 and is headquartered in Harare. It operates as a subsidiary of NMBZ Holdings Limited.
Africa Finance
Venture Round in 2013
Africa Finance Corporation, established in 2007 and headquartered in Nigeria, is a multilateral development financial institution focused on addressing infrastructure financing needs across Africa. The organization provides a range of services, including debt, equity, project development, financial advisory, and treasury management, aimed at fostering sustainable economic growth. Africa Finance Corporation invests in high-quality infrastructure assets within key sectors such as power, natural resources, heavy industry, transport, and telecommunications. By targeting essential services in these core areas, the institution plays a critical role in promoting infrastructure development across the continent.
NSL Renewable Power
Venture Round in 2013
NSL Renewable Power Private Limited is engaged in the development, operation, and management of a diverse portfolio of renewable energy projects in India. Founded in 1985 and based in Hyderabad, the company focuses on various energy sources, including wind, solar, biomass, hydel, and thermal power. As a subsidiary of NSL Group of Companies Pvt Ltd, it has established itself as a significant player in the renewable energy sector, combining expertise in implementation and operation to serve both commercial interests and societal needs. NSL Renewable Power Private Limited's approach aims to create sustainable energy solutions while delivering returns on investment.
ESPRIT
Venture Round in 2012
Esprit is an engineering school located in Douar Ghezala, Tunisia, founded in 2003 as an alternative to public educational institutions. It offers a range of academic programs in computer engineering, telecommunications engineering, civil engineering, electromechanical engineering, and management science. The school emphasizes higher education that integrates concepts across various disciplines, equipping students with the necessary skills to effectively use technology and achieve their professional goals. Additionally, Esprit focuses on strengthening leadership and team-building abilities among its students, preparing them for successful careers in their respective fields. As of late 2020, Esprit operates as a subsidiary of Honoris Holding Limited.
Strides Pharma Science
Post in 2012
Strides Pharma Science Limited is a global pharmaceutical company based in Bengaluru, India, specializing in the development, manufacture, and sale of generic and branded pharmaceutical products. Founded in 1990, the company operates through two main business verticals: Regulated Markets and Emerging Markets. Strides offers a wide range of pharma generics, including tablets, capsules, sachets, oral liquids, powders, semi-solids, ointments, and creams. It also develops branded generics for chronic therapies such as women’s health, central nervous system disorders, cardiovascular issues, diabetes, dermatology, and probiotics under various brand names. Additionally, the company produces drugs for infectious diseases like HIV/AIDS, malaria, tuberculosis, and hepatitis. Strides has a global manufacturing footprint with eight facilities across four continents, including five approved by the US FDA. The company's dedicated R&D facility in India supports its strong presence in over 100 countries.
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