British International Investment is a development finance institution and impact investor based in London, United Kingdom. Established in 1948 and wholly owned by the UK Government's Department for International Development, BII aims to foster long-term economic growth and sustainability in emerging markets, particularly in Africa and South Asia. The institution invests across various sectors, including infrastructure, health, and agribusiness, with a focus on job creation and business development. BII provides financial support through debt, equity capital, and mezzanine financing, both directly and via intermediaries, catering to a wide range of industries such as distribution, education, consulting, logistics, and electronics.
Managing Director and Head of Direct Private Equity
Benson Adenuga
Head of Office and Coverage Director, Nigeria and Member of Investment teams
Andrew Brown
Managing Director and Deputy Chief Investment Officer
Leandro Cuccioli
Director and Head of Manufacturing, Agribusiness and Forestry
Seema Dhanani
Head of Kenya and Coverage Director East Africa
Hayley Fenton
Investment Associate, Infrastructure - Energy Access and Efficiency
Jo Fry
Investment Director and Head of Intermediated Financial services
Murray Grant
Managing Director, Intermediated Equity
Diana Kolar
Investment Manager, Innovative Finance
Maria Largey
Managing Director, Chief Impact Officer and Member of the Investment and Executive Committee
Srinivasan Nagarajan
Managing Director, Head of Asia and Member of the Investment and Executive Committee
Stephen Priestley
Managing Director, Financial Services Group
Rehan Rashid
Country Director, Bangladesh
Sherine Shohdy
Head of Egypt Office and Coverage Director
Abhinav Sinha
Managing Director
Tenbite Ermias
Managing Director, Africa
Chirantan Patnaik
Director, Venture Capital
Kwabena Asante-Poku
Coverage Director for Ghana and Member of Investment teams
Roman Frenkel
Director and Head of Food, Agriculture and Natural Capital
382 past transactions
Asha Ventures
Venture Round in 2025
Asha Ventures is an India-focused equity investor for innovative businesses targeting India's emerging middle class.
Aerem
Series A in 2025
Aerem is a FinTech platform focused on clean technology, facilitating the adoption of rooftop solar systems for businesses and commercial enterprises. By leveraging a vast network of installers, Aerem helps organizations significantly reduce electricity costs, potentially by up to 70%. The platform not only assists in the implementation of high-quality solar installations but also provides access to quick and easy financing options through its in-house non-banking financial company or partner banks. Headquartered in Mumbai, Aerem aims to democratize clean energy adoption, contributing to a sustainable future while benefiting micro, small, and medium enterprises.
Ib Vogt Singapore
Debt Financing in 2025
Ib Vogt Singapore focuses on the global development of turnkey PV facilities and battery storage projects, as well as expanding its IPP portfolio.
Euler Motors
Corporate Round in 2025
Euler Motors is an automotive tech startup dedicated to advancing commercial electric vehicles in India. The company aims to accelerate the country's transition to sustainable mobility by focusing on last-mile logistics, particularly for e-commerce and third-party logistics providers. Euler Motors manufactures electric three-wheelers designed for intra-city goods transportation, which help reduce maintenance costs and lower fleet operational expenses. By offering a comprehensive "mobility as a service" solution, Euler Motors seeks to establish itself as a leader in the electric vehicle sector and drive the adoption of electric mobility across the nation.
Habib Bank
Debt Financing in 2025
Habib Bank Limited is a prominent financial institution based in Karachi, Pakistan, founded in 1941. The bank provides a wide range of services, including corporate and commercial banking, small and medium enterprises banking, global treasury, investment banking, Islamic banking, cash management, and asset management. With a strong focus on corporate banking, Habib Bank also has a robust investment banking division that specializes in project finance, debt capital markets, syndications, securitizations, capital raising, restructurings, and mergers and acquisitions. The institution is well-positioned to serve the diverse financial needs of its clients across various sectors.
AgDevCo
Venture Round in 2025
AgDevCo is a specialist investor that focuses on agribusinesses to support small and medium-sized enterprises. They invest in African agribusinesses with debt and equity to create jobs, improve food security, and boost prosperity. Their investments enable large amounts of private capital to be leveraged into socially responsible farming and agri-processing businesses in Africa, with significant benefits for smallholder farmers and local communities.
Johnvents Industries
Debt Financing in 2025
Johnvents Industries is an agribusiness focused on long-term growth throughout the agricultural value chain, from production to distribution.
Sanima Bank
Post in 2025
Sanima Bank Limited, established in 2004 and based in Kathmandu, Nepal, offers a wide range of banking products and financial services to both corporate and retail customers. The bank provides various retail banking services, including savings accounts, current accounts, fixed deposits, and remittance accounts. It also extends credit facilities to individuals, such as home loans, education loans, auto loans, and personal loans, as well as specialized loans for microenterprises and small to medium-sized enterprises (SMEs). For corporate clients, Sanima Bank offers project financing, term loans, and trade finance services. Additionally, the bank features digital banking options, credit cards, and life insurance products, catering to the diverse financial needs of its clientele.
Valency International
Venture Round in 2025
Valency International engages in selling and buying agriculture, fertilizer, industrial and other commodities.
mopo
Venture Round in 2025
Across the world there are half a billion mobile phone users who have no access to grid electricity. They walk miles to charge their phones on diesel generators and rely on polluting oil lamps for light. By accelerating and expanding the access to clean energy across emerging markets, they unlock massive opportunities for business and education whilst improving health and reducing carbon output. The cost of purchasing solar panels is too expensive for the 1.3 billion people who live off-grid. To disrupt the status quo, they must radically lower the cost of renewable energy for every last business, city and person everywhere.
ACWA Power
Post in 2024
ACWA Power International is a prominent developer, investor, co-owner, and operator of power generation and desalination facilities. Founded in 2004 and headquartered in Riyadh, Saudi Arabia, the company manages a diverse portfolio that includes thermal, solar photovoltaic, solar concentrated solar power, and wind energy projects. ACWA Power also provides operations and maintenance services for the power and water desalination sectors, primarily in Saudi Arabia and across various countries, including Oman, the United Arab Emirates, Jordan, Morocco, South Africa, Turkey, Vietnam, Mozambique, and Egypt. The company operates as a subsidiary of ACWA Holding Company and maintains regional offices in several major cities, including Dubai, Istanbul, Cairo, Rabat, Johannesburg, Hanoi, and Beijing. Its business activities are governed by agreements with government entities and financing arrangements, ensuring compliance and operational efficiency.
TymeBank
Series D in 2024
TymeBank, a subsidiary of the Tyme Group, specializes in digital banking solutions aimed at providing accessible financial services to the lower-income market. The bank emphasizes affordability, offering secure personal and business accounts online with minimal fees and high savings interest rates. Through its digital platform, TymeBank enables customers to benefit from features such as free card swipes and no monthly fees, making banking services convenient and easy to manage. With a focus on serving over 15 million customers in emerging markets, TymeBank is dedicated to enhancing financial inclusion and providing affordable banking options.
DCDC Health Services
Debt Financing in 2024
DCDC is one of the most trusted institutions in Dialysis care delivery in Delhi / NCR and rapidly expanding to establish wide network in all formats. As an epitome of trust and compassionate care.
Etana Energy
Debt Financing in 2024
Etana Energy is an electricity trader focused on distributing electricity generated from renewable sources, specifically solar and wind projects, to various businesses. The company aims to address the substantial power needs across South Africa by providing low-carbon electricity solutions. It offers competitive pricing, forward price certainty, and flexible contract terms, catering to municipal, industrial, and retail customers. Through its services, Etana Energy contributes to the transition towards sustainable energy while ensuring reliable power supply.
Arab African International Bank
Debt Financing in 2024
Arab African International Bank is a banking institution based in Cairo, Egypt, offering a wide range of financial services. These services include personal and commercial banking, credit cards, payroll solutions, consumer finance, and business loans for small enterprises. The bank aims to meet the diverse financial needs of its clients by providing tailored solutions in corporate finance and wealth management. Through its comprehensive service offerings, Arab African International Bank supports both individual and business clients in achieving their financial goals.
InfraCredit
Debt Financing in 2024
InfraCredit provides local currency guarantees to enhance the credit quality of debt instruments issued to finance creditworthy infrastructure assets in Nigeria that conform with its eligibility criteria.
India Grid Trust
Post in 2024
India Grid Trust is an infrastructure investment trust (“InvIT”) established to own inter-state power transmission assets in India.
Magnum Polymers
Venture Round in 2024
Magpet Polymers Private Limited is a part of the Magnumgroup, specializing in the conversion of PET (Polyethylene Terephthalate). As a significant PET converter in Eastern India, the company plays a crucial role in the packaging and containers industry. The company's operations encompass a wide range of activities, from manufacturing to distribution, providing comprehensive solutions to its clients. The company's authorized capital stands at Rs 63.0 lakhs, with 95.793655% paid-up capital, which is Rs 60.35 lakhs.
BasiGo
Debt Financing in 2024
BasiGo is an e-mobility start-up focused on transforming public transportation in Kenya and Rwanda by providing electric buses as a cost-effective alternative to diesel. The company employs a pay-as-you-go model, which simplifies the transition for bus operators by including maintenance and battery charging in the financing plan. BasiGo's electric buses are designed to operate throughout the day on a single charge, utilizing proven and safe battery technology. This approach not only addresses the rising costs of diesel fuel but also aims to make electric buses affordable and accessible to all bus owners, thereby promoting sustainable and efficient public transport solutions in the region.
Ecobank
Post in 2024
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.
Aye Finance
Series G in 2024
Aye Finance is a financial services company that focuses on providing business loans to micro and small enterprises. The company aims to enhance financial inclusion by offering customer-centric financial solutions through the use of technology and efficient processes. Its range of services includes various loan and debt financing options designed to support the growth of small businesses. These financial offerings enable micro and small enterprises to acquire essential fixed and working assets, undertake renovations or construction of business facilities, and consolidate existing debts. Through its commitment to serving the needs of micro-enterprises, Aye Finance plays a pivotal role in fostering the development of this vital sector.
Paymob
Series B in 2024
Paymob is a digital payments enabler based in Cairo, Egypt, founded in 2015. The company focuses on building payment infrastructure technologies that enhance financial inclusion in the Middle East and Africa (MEA) region. By providing integrated payment services, Paymob helps businesses of all sizes transition from cash to electronic payments, thereby unlocking new opportunities and efficiencies. Its software aims to minimize the risks associated with fraud and theft while speeding up money circulation. By empowering underserved communities with access to a variety of electronic payment and money transfer options, Paymob plays a crucial role in bridging the financial inclusion gap in the region.
Battery Smart
Series B in 2024
Battery Smart is an electric vehicle (EV) battery-swapping network based in Delhi, India, that focuses on providing advanced lithium-ion batteries for electric two and three-wheelers. Established in 2019, the company has developed a retrofittable 48V lithium-ion twin battery system compatible with various electric rickshaw and two-wheeler models. Its network allows EV drivers to swap batteries in approximately two minutes, effectively addressing common challenges such as range anxiety and the downtime associated with charging. By offering interoperable battery solutions, Battery Smart enables users to avoid the recurring costs of battery replacement while enhancing the overall convenience of electric vehicle use.
Euler Motors
Series C in 2024
Euler Motors is an automotive tech startup dedicated to advancing commercial electric vehicles in India. The company aims to accelerate the country's transition to sustainable mobility by focusing on last-mile logistics, particularly for e-commerce and third-party logistics providers. Euler Motors manufactures electric three-wheelers designed for intra-city goods transportation, which help reduce maintenance costs and lower fleet operational expenses. By offering a comprehensive "mobility as a service" solution, Euler Motors seeks to establish itself as a leader in the electric vehicle sector and drive the adoption of electric mobility across the nation.
Turno
Venture Round in 2024
Turno is a fintech startup that provides electric vehicle solutions for operators and owners. It helps commercial vehicle operators make the switch to EVs. Turno accomplishes this by offering a diverse range of vehicles from partner OEMs, affordable financing, and battery value guarantees to ensure the best possible return on investment for EV owners. Turno's mission in India is to convert gasoline miles to electric miles. The startup sells EVs manufactured by various brands both online and in physical stores, as well as providing financing options and buying back used batteries.
TowerCo of Africa
Debt Financing in 2024
TowerCo of Africa is a tower infrastructure company that provides innovative and comprehensive solutions for network connectivity and access to mobile communications. It is a fully owned subsidiary of Axian Telecom.
Sonatel
Debt Financing in 2024
The Sonatel group offers global telecommunications solutions in the fields of fixed, mobile, Internet, television and data serving individuals and businesses. Leader in Senegal, present in Mali since 2002, in Guinea Conakry and Guinea Bissau since 2007, Sonatel is the global and sub-regional operator of reference. Sonatel has built a modern network, fully digitized by transmission loops and international connections using high-speed optical fiber submarine cables. Sonatel has one of Africa's largest Internet bandwidths of 6.5 Gbps. Sonatel is a structuring company for the economy of his country and has made Senegal a hub of traffic and a major player in the development of telecommunications in Africa and in the world. Through its Orange brand, the Sonatel Group provides its millions of consumers with the best opportunities for convergence between mobile, internet and television technologies.
Battery Smart
Series B in 2024
Battery Smart is an electric vehicle (EV) battery-swapping network based in Delhi, India, that focuses on providing advanced lithium-ion batteries for electric two and three-wheelers. Established in 2019, the company has developed a retrofittable 48V lithium-ion twin battery system compatible with various electric rickshaw and two-wheeler models. Its network allows EV drivers to swap batteries in approximately two minutes, effectively addressing common challenges such as range anxiety and the downtime associated with charging. By offering interoperable battery solutions, Battery Smart enables users to avoid the recurring costs of battery replacement while enhancing the overall convenience of electric vehicle use.
ChargeZone
Venture Round in 2024
ChargeZone is a renewable energy solutions provider based in India, specializing in electric vehicle (EV) charging infrastructure and software development. Founded in 2018, the company aims to establish a network of 100,000 charging stations across key EV markets in India, catering to various vehicle types, including cars, buses, and trucks. ChargeZone employs advanced Grid-to-Vehicle (G2V) technology to facilitate an unmanned EV charging experience, enhancing convenience for users. Additionally, its application offers real-time information on charging station locations, enabling customers to easily find available charging points and access smart charging services at affordable rates. The company's focus on expanding EV infrastructure and providing innovative software solutions positions it as a key player in the transition to electric mobility.
Altum Credo
Series C in 2024
Altum Credo is a company dedicated to making home ownership more accessible for first-time buyers, particularly those from low and middle-income backgrounds. It offers a range of services, including long-term home loans tailored for micro, small, and medium enterprises (MSMEs), refinancing options, and support for retail investors. The company places a strong emphasis on affordability, ensuring that equated monthly installments are manageable. By providing low-interest rates and minimal processing fees, Altum Credo aims to empower individuals and families to achieve their dream of owning a home.
Altum Credo
Secondary Market in 2024
Altum Credo is a company dedicated to making home ownership more accessible for first-time buyers, particularly those from low and middle-income backgrounds. It offers a range of services, including long-term home loans tailored for micro, small, and medium enterprises (MSMEs), refinancing options, and support for retail investors. The company places a strong emphasis on affordability, ensuring that equated monthly installments are manageable. By providing low-interest rates and minimal processing fees, Altum Credo aims to empower individuals and families to achieve their dream of owning a home.
Berkeley Energy Commercial Industrial Solutions (BECIS)
Debt Financing in 2024
Berkeley Energy Commercial Industrial Solutions (“BECIS”) is a leading Energy as a Service provider to high quality commercial & industrial (“C&I”) customers.
Skye Renewables
Venture Round in 2024
Skye Renewables is a solar energy-as-a-service company based in Southeast Asia. We design, finance, and operate on-site (captive) solar projects for commercial and industrial clients, allowing them to enjoy lower-cost, cleaner electricity without incurring any upfront capital costs.
Trade and Development Bank -TDB
Debt Financing in 2024
Established in 1985, the Eastern and Southern African Trade and Development Bank (TDB), formerly the PTA Bank, is a multilateral, treaty-based development financial institution, with assets of over US$ 5 billion. The Bank’s mandate is to finance and foster trade, regional economic integration and sustainable development, through trade finance, project and infrastructure finance, asset management and business advisory services. In the past five years, TDB’s shareholder base has grown from 19 to 35 members, including 22 Member States from across COMESA, EAC and SADC, 2 non-African member countries and 11 institutional investors. During the same period, shareholder equity funds increased by 150%, annual net profits by 100%, and non-performing loans were halved. TDB currently has regional offices in Nairobi, Harare and Addis Ababa, and principle offices in Bujumbura and Port-Louis.
GoApptiv
Series B in 2024
GoApptiv provides comprehensive go-to-market solutions for pharmaceutical companies in India, focusing on enhancing healthcare access in extra-urban and rural areas. The company has developed a suite of healthcare software that includes a digital payment and promotional platform, a doctor-patient engagement platform, and a data analytics platform. By leveraging proprietary data analytics tools and a network of distribution partners, GoApptiv aims to facilitate agile market access and optimize patient experiences. This approach supports organizational growth and empowers stakeholders within the healthcare ecosystem, ensuring a cost-effective and efficient entry into the market.
Namdev Finvest
Series B in 2024
Namdev Finvest operates a non-banking finance platform that focuses on providing loans primarily to rural and semi-urban agriculture, as well as to the priority sector. The company offers a variety of financial products, including commercial vehicle loans, car loans, business loans, two-wheeler loans, and gold loans. By targeting unserved and unreached farmers and entrepreneurs, Namdev Finvest aims to enhance their financial access and improve their livelihoods.
Akshayakalpa
Series C in 2024
Akshayakalpa is an organic food company that specializes in manufacturing and marketing organic dairy products. The company focuses on providing farmers with continuous support to ensure the economic viability of their farming operations. This includes offering bank linkages, technical services, and market access, which helps transform farming from a basic livelihood into a wealth-creation opportunity. Akshayakalpa produces a variety of organic milk products, including Farm Fresh Milk, A2 Milk, curd, ghee, butter, paneer, and artisan cheese. By establishing small organic dairy farms owned and maintained by farmer families, Akshayakalpa not only delivers ethically sourced dairy products but also contributes to the economic benefits of the farming community.
Captain Fresh
Series C in 2024
Captain Fresh is a Bengaluru-based seafood supply chain platform founded in 2019, specializing in the freshwater fish and seafood market. It operates as a B2B marketplace that connects small fishermen and farmers along the Indian coast with fragmented retail demand across the country. By leveraging technology, including artificial intelligence for demand-supply matching, Captain Fresh aims to streamline the harvest-to-retail process, ensuring efficiency and quality in seafood distribution. The platform also provides digital traceability systems, which assist farmers in negotiating better deals for feed and seed while helping local fishermen and retailers manage their materials and orders more effectively.
Fasal
Series A in 2023
Fasal is an agri-tech platform developed by Wolkus Technology Solutions that leverages artificial intelligence to enhance agricultural practices. The platform records various growing conditions on farms and utilizes data science to generate on-farm predictions. It delivers insights to users on any device, including iOS, Android, tablets, and web platforms. By providing real-time agronomic recommendations based on on-farm and micro-climate data collected through agnostic sensors, Fasal helps farmers optimize their resource usage, leading to cost savings in water, energy, fertilizers, and pesticides. Additionally, the platform offers detailed intelligence tailored to specific crops and growth stages, equipping farmers with vital information for predictive weather, pest management, and strategies to improve harvest yields.
Sitara
Debt Financing in 2023
Sitara provides affordable housing finance to the under-served low income households in urban and peri-urban locations.
Aye Finance
Series F in 2023
Aye Finance is a financial services company that focuses on providing business loans to micro and small enterprises. The company aims to enhance financial inclusion by offering customer-centric financial solutions through the use of technology and efficient processes. Its range of services includes various loan and debt financing options designed to support the growth of small businesses. These financial offerings enable micro and small enterprises to acquire essential fixed and working assets, undertake renovations or construction of business facilities, and consolidate existing debts. Through its commitment to serving the needs of micro-enterprises, Aye Finance plays a pivotal role in fostering the development of this vital sector.
BasiGo
Debt Financing in 2023
BasiGo is an e-mobility start-up focused on transforming public transportation in Kenya and Rwanda by providing electric buses as a cost-effective alternative to diesel. The company employs a pay-as-you-go model, which simplifies the transition for bus operators by including maintenance and battery charging in the financing plan. BasiGo's electric buses are designed to operate throughout the day on a single charge, utilizing proven and safe battery technology. This approach not only addresses the rising costs of diesel fuel but also aims to make electric buses affordable and accessible to all bus owners, thereby promoting sustainable and efficient public transport solutions in the region.
Euler Motors
Series C in 2023
Euler Motors is an automotive tech startup dedicated to advancing commercial electric vehicles in India. The company aims to accelerate the country's transition to sustainable mobility by focusing on last-mile logistics, particularly for e-commerce and third-party logistics providers. Euler Motors manufactures electric three-wheelers designed for intra-city goods transportation, which help reduce maintenance costs and lower fleet operational expenses. By offering a comprehensive "mobility as a service" solution, Euler Motors seeks to establish itself as a leader in the electric vehicle sector and drive the adoption of electric mobility across the nation.
AFEX
Grant in 2023
AFEX is a company that specializes in developing infrastructure and platforms aimed at enhancing access to Africa's commodity markets. By connecting small farmers with the financial commodity market, AFEX provides a commodity exchange platform that leverages big data analytics. This approach focuses on attracting investors to agricultural commodities while offering structured programs designed to improve productivity and returns for farmers. Through its initiatives, AFEX enables producers and investors to unlock capital, manage risk, and discover value within the continent's commodities market, thereby contributing to the establishment of a trust economy.
Bizongo
Series E in 2023
Bizongo is a technology-driven B2B e-commerce and supply chain platform that specializes in packaging, textiles, apparel, and other custom-made products. Founded in 2015 by IIT graduates Aniket Deb, Sachin Agrawal, and Ankit Tomar, the company aims to transform the fragmented and disorganized market of customized goods. With a network of over 1,500 curated manufacturers, Bizongo offers services such as digital vendor management, supply chain automation, and financing solutions. These services help businesses overcome challenges related to inventory management, reduce operational costs, and streamline contract management, thus enhancing efficiency in the production of made-to-order products.
Access Bank
Debt Financing in 2023
Access Bank, established in 1988 and headquartered in Lagos, Nigeria, is a commercial bank that offers a wide range of banking products and services to individual and business customers. The bank operates in Ghana and provides various accounts, including standard savings and current accounts, as well as specialized options such as access advantage and premier accounts. Access Bank also offers online banking services, facilitating ATM transactions, online access, point-of-sale terminal services, bill payments, and Western Union money transfers. In addition to personal banking, the bank provides corporate and investment banking, commercial and business banking services, along with mortgage loans and sustainable international banking solutions.
Dashen Bank
Debt Financing in 2023
Dashen Bank is a commercial bank based in Addis Ababa, Ethiopia, established in 1995. It provides a range of financial services, including saving deposits, current deposits, and fixed time deposits. The bank also offers various loan products such as consumer loans, term loans, merchandise loans, project loans, and overdraft facilities. In addition to traditional banking services, Dashen Bank features interest-free banking options and digital banking solutions, catering to the diverse needs of its customers. The bank is involved in international trade and provides guarantees, enhancing its role in the financial landscape of Ethiopia.
Battery Smart
Series B in 2023
Battery Smart is an electric vehicle (EV) battery-swapping network based in Delhi, India, that focuses on providing advanced lithium-ion batteries for electric two and three-wheelers. Established in 2019, the company has developed a retrofittable 48V lithium-ion twin battery system compatible with various electric rickshaw and two-wheeler models. Its network allows EV drivers to swap batteries in approximately two minutes, effectively addressing common challenges such as range anxiety and the downtime associated with charging. By offering interoperable battery solutions, Battery Smart enables users to avoid the recurring costs of battery replacement while enhancing the overall convenience of electric vehicle use.
Indifi Technologies
Series E in 2023
Indifi Technologies Pvt. Ltd. operates a digital lending platform that connects lenders with small businesses seeking loans. Established in 2015 and based in Gurugram, India, the company focuses on assisting businesses that often struggle to secure financing from traditional institutions due to a lack of collateral or financial data. Indifi utilizes technology to gather and analyze data from various sources, assessing the creditworthiness and performance of potential borrowers within their respective industries. This approach allows Indifi to identify low-risk, high-potential businesses, thereby expanding access to both short- and long-term funding options. Additionally, the company provides lifecycle support services for lenders, including marketing, customer relationship management, data aggregation, and loan monitoring, while facilitating communication between borrowers and multiple lenders to enhance the likelihood of loan approval.
Money Fellows
Venture Round in 2023
Money Fellows is a collaborative lending and savings platform designed to help individuals access interest-free credit and achieve better savings outcomes. The platform allows users to form circles with friends and family, enabling them to pool their resources into a common fund. Participants can contribute to this fund and take turns withdrawing the total amount, facilitating a supportive financial network. By leveraging social connections, Money Fellows provides a unique approach to saving and borrowing, promoting financial collaboration among users.
Gridworks Partners
Private Equity Round in 2023
Gridworks is a development and investment platform principally targeting equity investments in transmission, distribution and off-grid electricity in Africa. Backed by CDC Group, Gridworks develops and invests in critical power infrastructure, both on and off-grid. Gridworks is a developer, long-term investor and partner to governments, utilities, and companies in the power sector. Gridworks is wholly owned and supported by CDC Group, the UK Government’s Development Finance Institution.
Sun King
Debt Financing in 2023
Sun King is a solar energy company that specializes in designing, distributing, installing, and financing solar home energy products in Africa and Asia. The company offers a range of solutions, including solar home systems, inverter systems, solar lamps, LED lights, and portable chargers, catering to communities with limited access to reliable energy. To enhance affordability, Sun King provides pay-as-you-go financing options, enabling customers to make small payments over time instead of facing high initial costs. By collaborating with a network of international distribution partners, Sun King aims to expand the off-grid energy market and improve energy access for households and businesses.
TymeBank
Series C in 2023
TymeBank, a subsidiary of the Tyme Group, specializes in digital banking solutions aimed at providing accessible financial services to the lower-income market. The bank emphasizes affordability, offering secure personal and business accounts online with minimal fees and high savings interest rates. Through its digital platform, TymeBank enables customers to benefit from features such as free card swipes and no monthly fees, making banking services convenient and easy to manage. With a focus on serving over 15 million customers in emerging markets, TymeBank is dedicated to enhancing financial inclusion and providing affordable banking options.
AgroStar
Venture Round in 2023
AgroStar, founded in 2013, is a leading AgTech start-up in India focused on supporting farmers. The company operates an omnichannel platform that offers comprehensive solutions throughout the crop life-cycle, allowing farmers to enhance their yield and reduce cultivation costs. By leveraging extensive data and agronomy expertise, AgroStar provides a variety of services, including expert advice, personalized content, and access to agricultural inputs such as seeds, nutrients, and hardware products. Farmers can engage with AgroStar through multiple channels, including its Agri Advisory Center, the AgroStar Agri Doctor app, and retail stores. Operating primarily in Gujarat, Maharashtra, Rajasthan, Madhya Pradesh, and Uttar Pradesh, AgroStar aims to empower millions of farmers with the necessary tools and knowledge to improve productivity and income.
Kazyon
Venture Round in 2023
Kazyon is the largest discount supermarket chain in Egypt, operating over 450 stores across 17 governorates. The company focuses on providing essential food commodities, offering a wide variety of products including cooking items, dairy products, frozen meat, frozen vegetables, and home baking goods. This comprehensive marketplace allows customers to conveniently shop for a diverse range of necessities in one location, catering to the needs of budget-conscious consumers.
Development Partners International
Venture Round in 2023
Development Partners International (DPI) is a prominent Pan-African private equity firm headquartered in London, United Kingdom. Established in 2007 by co-founders Miles Morland and Runa Alam, DPI focuses on leveraging strong local knowledge and expertise to invest in the African market. The firm has successfully built a diverse portfolio, managing over US$1.1 billion in assets across various sectors, including telecommunications, financial services, healthcare, agriculture, mining, and renewable energy. DPI's investment team, comprised entirely of African professionals, brings more than 100 years of collective experience in African investment, with a notable emphasis on gender diversity—over 40% of the team are women. This unique combination of local networks, language skills, and sector expertise enables DPI to effectively source and execute investment opportunities throughout the continent.
Mintoak
Series A in 2023
Mintoak Innovations is a software-as-a-service (SaaS) platform that enhances payment capabilities for banks and merchants. By partnering with financial institutions, Mintoak aims to create a comprehensive digital payments ecosystem that empowers small to medium enterprises. The platform facilitates the acceptance and recording of both traditional and digital payment methods, offering value-added services that help merchants engage more effectively with their customers. This approach not only improves financial service accessibility but also enables acquirers to strengthen their relationships with merchants through enhanced digital engagement tools.
TradeDepot
Debt Financing in 2023
TradeDepot Inc. is a technology-driven distribution platform based in Lagos, Nigeria, founded in 2016. The company aims to revolutionize the fast-moving consumer goods (FMCG) sector in Africa by connecting top consumer goods companies directly with retailers. TradeDepot's SaaS platform offers features such as predictive trade intelligence, real-time stock level access, and the ability to place bulk orders online. It also enables the auto-generation of sales promotions, helping to enhance sales and streamline operations. By focusing on improving the distribution of food, beverages, and personal care products, TradeDepot seeks to build the largest retail distribution network in Africa and improve the livelihoods of retail store owners. The company also has an office in Wilmington, Delaware, reflecting its commitment to expanding its reach and impact.
Banque du Caire
Debt Financing in 2023
Banque du Caire is a banking company that specializes in providing BDC online banking, phone banking, and mobile banking app. The company was founded in 1952 and headquartered in Al Qahirah, Egypt.
Dozee
Venture Round in 2023
Dozee is a health technology company founded in 2015 by Mudit and Gaurav, with the goal of simplifying healthcare and making it more accessible. The company developed India's first contactless health monitoring system, which is designed to conduct daily health and wellness check-ups at home without the need for doctor visits. The innovative, non-wearable device is placed under the mattress and silently tracks vital parameters such as heart rate, respiration, stress levels, and sleep patterns during sleep. This technology enables users to detect potential health issues early, thus improving the chances of timely intervention. After extensive research and development, including collaboration with esteemed institutions like NIMHANS and Sri Jayadeva Institute of Cardiovascular and Research, Dozee's monitoring system has been validated to be 98.4% as accurate as medical-grade devices. The product was officially launched in India in 2019, marking a significant step towards proactive healthcare management.
DBL Group
Debt Financing in 2023
DBL Group operates as a diversified conglomerate with a focus on manufacturing and exporting various products and services. Its primary areas of expertise include apparel, textiles, and textile printing, along with washing and garment accessories. The company also engages in packaging, ceramic tiles, and pharmaceuticals. Additionally, DBL Group is involved in dredging and provides services in information and communications technology and telecommunications. This broad portfolio enables the company to serve multiple industries and markets effectively.
Hero Honda Motors
Private Equity Round in 2023
At Hero Motors, they are committed to give their best and achieve the highest standards in Performance, Quality, Systems, Care and Relationships. And then they want to beat these high standards and go further…because anything that can be done can be done better.
Jai Kisan
Venture Round in 2023
Jai Kisan is a fintech platform focused on providing sustainable financing solutions for rural emerging markets, particularly for farmers. The platform assists farmers in understanding their financial situations through a hyper-localized agricultural credit score, which digitizes their financial and farm-related data for financial institutions. By streamlining the loan process with minimal paperwork and facilitating access through physical points in rural areas, Jai Kisan enables borrowers to obtain loans at competitive rates. This approach not only mitigates the risks associated with capital flow to these markets but also allows lenders to achieve risk-adjusted returns, ultimately fostering financial inclusion and supporting agricultural development.
BetterPlace
Series C in 2022
BetterPlace is a technology platform focused on providing digital solutions for managing the blue-collar workforce across the entire value chain. It aims to address the challenges faced by this often underserved sector by creating a data-driven platform that meets the needs of both enterprises and workers. By fostering a trusting relationship between blue-collar employees and their employers, BetterPlace enhances the quality of life for workers through improved access to job opportunities, financial resources, and health services.
Zambia National Commercial Bank
Debt Financing in 2022
Zambia National Commercial Bank Plc, founded in 1969 and headquartered in Lusaka, provides a comprehensive range of retail and commercial banking services across Zambia. The bank operates through three primary segments: Retail Banking, Corporate Banking, and Treasury Management. It offers various account types, including savings, current, and fixed deposit accounts, alongside personal and term loans, trade financing, and mortgages. Additionally, Zambia National Commercial Bank provides debit and credit cards, digital banking solutions, and cash management services. Its clientele includes individuals, small and medium-sized enterprises, large corporations, government entities, and the agricultural sector. With a network of 69 branches, around 200 automated teller machines, and 2,000 point-of-sale terminals, the bank aims to meet the diverse financial needs of the Zambian economy.
Invictus Investment
Debt Financing in 2022
Invictus Investment is a company that specializes in the trading of various agricultural commodities and food products. Operating across multiple regions, including Africa, the Middle East, Europe, the USA, and Asia, it focuses on providing quality and consistent commodities directly from producers to consumers. The company deals in a diverse range of products, including grains, oilseeds, edible oils, animal feed, pulses, spray-dried gum Arabic, and meats. In addition to agricultural goods, Invictus Investment also engages in the trading of non-manufactured precious metals and other general items, positioning itself as a key player in the global commodities market.
Bboxx
Debt Financing in 2022
BBOXX designs, manufactures, and distributes solar power systems aimed at improving energy access in Africa and other developing regions. The company focuses on providing off-grid solutions, including solar kits, residential solar installations, and energy kiosks, enabling consumers in rural areas to experience reliable electricity similar to that in western countries. By creating innovative distribution methods, BBOXX seeks to meet the energy needs of underserved populations while ensuring superior customer service. Its operations extend to countries such as Sierra Leone, Kenya, Somalia, and Pakistan, where the company strives to enhance energy management and power production in off-grid environments.
Pubali Bank
Debt Financing in 2022
Pubali Bank is a prominent commercial bank in Bangladesh, contributing significantly to the socio-economic and industrial development of the country through effective fund mobilization. The bank offers a wide range of deposit products, including savings accounts, fixed deposits, and foreign currency accounts, catering to the diverse needs of its customers. Additionally, Pubali Bank provides various personal loans, such as car loans, home renovation loans, and education loans, to support individual financial needs. The bank operates through multiple segments, including Conventional Banking, Islamic Banking, and Off-shore Banking, allowing it to serve a broad clientele effectively. By focusing on both personal and commercial banking services, Pubali Bank plays a crucial role in enhancing the overall economic landscape of Bangladesh.
African Guarantee Fund
Debt Financing in 2022
African Guarantee Fund is dedicated to fostering economic development in Africa by supporting small and medium-sized enterprises (SMEs). The organization provides various financial instruments, including equity guarantees, loan portfolio guarantees, and individual loan guarantees, aimed at mitigating risks for banks that lend to SMEs. Additionally, it engages in capacity development initiatives to enhance the capabilities of these enterprises. By facilitating access to finance, African Guarantee Fund plays a crucial role in promoting stability and reducing poverty across the continent, striving to become the leading non-bank financial institution that addresses Africa's financing needs.
Kinara Capital
Venture Round in 2022
Kinara Capital is a financing company based in Bengaluru, India, that specializes in providing flexible collateral-free loans to small business entrepreneurs. Founded in 2011 by Hardika Shah, the company primarily targets growing businesses that need funding for working capital, capital assets, and startup expenses. Its lending portfolio encompasses various industries, including agri-products, handicrafts, water, food, and energy. Kinara Capital aims to bridge the gap between microfinance and commercial capital by offering loans ranging from Rs 1 lakh to 15 lakh to micro and small enterprises. The company is recognized for its personalized customer service and rapid loan processing, leveraging data-driven insights to enhance its offerings. Kinara Capital has received accolades such as being named 'Bank of the Year-Asia' by the IFC/World Bank in 2019 and being listed among the Top 100 High-Growth Companies in the Asia-Pacific by the Financial Times.
Maxab
Series B in 2022
Maxab is a B2B e-commerce platform based in Cairo, Egypt, that connects food and grocery retailers with suppliers, focusing on underserved markets. Founded in 2018, the company aims to transform the informal grocery and food market through innovative technologies and efficient supply chain solutions tailored to the needs of local retailers. Maxab's mobile platform facilitates an e-marketplace and offers logistics services, ensuring timely and accurate distribution of goods. By enhancing access to a wide range of products and providing operational support, Maxab empowers retailers to streamline their procurement processes and improve their overall business efficiency.
Ecom Express
Venture Round in 2022
Ecom Express is a technology-enabled logistics solutions provider focused on the Indian e-commerce sector. Established in 2012 and headquartered in New Delhi, the company operates across over 2,650 towns and 27,000 pin codes, reaching over 95% of India's population. Ecom Express delivers nearly 1 million shipments daily through a network of 2,800 delivery centers, catering to some of the largest e-commerce players in the country. The company leverages advanced technology and automation to offer a comprehensive range of logistics services, including first-mile pickup, processing, network optimization, and last-mile delivery. With a collective experience of over 100 years in the Indian express industry, Ecom Express is poised to meet the evolving demands of a rapidly growing e-commerce landscape.
AgDevCo
Venture Round in 2022
AgDevCo is a specialist investor that focuses on agribusinesses to support small and medium-sized enterprises. They invest in African agribusinesses with debt and equity to create jobs, improve food security, and boost prosperity. Their investments enable large amounts of private capital to be leveraged into socially responsible farming and agri-processing businesses in Africa, with significant benefits for smallholder farmers and local communities.
H1 Holdings
Debt Financing in 2022
H1 Holdings develops, invests in and operates power projects producing cleaner energy.
Miro Forestry & Timber Products
Venture Round in 2022
Miro Forestry & Timber Products was formed with the objective to develop a quality and cost-competitive forestry products business. The company is a commercial timber plantation business offering social, economic, and environmental benefits to local communities. Miro Forestry specializes in the manufacturing and production of plywood, edge-glued panels, CCA treated poles, and other forestry products.
Light Microfinance
Series B in 2022
Light Microfinance is a non-banking finance company registered with the Reserve Bank of India. Headquartered at Ahmedabad, Gujarat, Light Microfinance provides micro and meso finance products and services with gender and poverty-focused programs, targeting rural and peri-urban areas, with a specific focus on poor women. The company operates in Gujarat, Rajasthan and Madhya Pradesh and is one of the fastest growing microfinance companies in India today.
Akshayakalpa
Series B in 2022
Akshayakalpa is an organic food company that specializes in manufacturing and marketing organic dairy products. The company focuses on providing farmers with continuous support to ensure the economic viability of their farming operations. This includes offering bank linkages, technical services, and market access, which helps transform farming from a basic livelihood into a wealth-creation opportunity. Akshayakalpa produces a variety of organic milk products, including Farm Fresh Milk, A2 Milk, curd, ghee, butter, paneer, and artisan cheese. By establishing small organic dairy farms owned and maintained by farmer families, Akshayakalpa not only delivers ethically sourced dairy products but also contributes to the economic benefits of the farming community.
Africa Water Infrastructure Development
Venture Round in 2022
AWID is a platform that develops and finances climate-smart water projects.
Africa Water Infrastructure Development
Debt Financing in 2022
AWID is a platform that develops and finances climate-smart water projects.
NMB Bank
Post in 2022
NMB Bank operates the financial markets for the leading commercial banks in the banking industry. Their online services include mobile banking, NMB 3D secure, applying for credit cards, opening savings accounts, and more.
iProcure
Series B in 2022
iProcure Ltd operates a supply chain platform focused on optimizing the agricultural input supply chain in rural Africa, particularly in Kenya. Founded in 2012 and based in Nairobi, the company provides a comprehensive solution that combines business intelligence, data-driven stock management, and an efficient procurement and distribution system. Its web and mobile technology enables agriculture retailers to manage ordering, inventory, and point-of-sale operations while analyzing client profiles and purchasing patterns. This platform enhances retailers' ability to predict demand and improve inventory management, ultimately streamlining distribution and enhancing customer service. Additionally, iProcure offers warehousing and storage facilities, ensuring that products reach the end consumer effectively.
TeamApt
Series B in 2022
TeamApt is a financial technology company that develops digital banking and payment platform for financial transactions. It offers an end-to-end omnichannel digital banking service called Moneytor Digital Banking, enabling banks to offer retail, merchant, and corporate banking services through digital channels, Aptpay for automation of digital banking business operations, settlements, reconciliations, and tracks digital transformation processes with web and mobile interfaces. TeamApt was founded in 2015 and is headquartered in Lekki, Lagos, Nigeria.
Wysa
Series B in 2022
Wysa operates a mental health wellness platform designed to assist individuals in managing stress related to health anxiety and social isolation. The platform features an AI chatbot that utilizes evidence-based cognitive-behavioral techniques to provide users with medical guidance and digital self-help resources. Additionally, it offers personalized support by connecting users to professional therapists and counselors, facilitating a seamless transition to human care when necessary. By combining AI-driven tools with expert support, Wysa aims to deliver proactive and tailored behavioral health assistance directly to users' smartphones, addressing the needs of both employees and patients.
Mahindra Electric Automobile
Funding Round in 2022
Mahindra Electric Automobile operates as a four-wheeler (4W) passenger electric vehicle company.
EV Co
Funding Round in 2022
EV Co. provides four-wheeler electric passenger vehicle services.
RFL Electronics
Debt Financing in 2022
RFL Electronics is an electronics manufacturing company.
Scatec ASA
Post in 2022
Scatec ASA is an integrated independent solar power producer based in Oslo, Norway. Founded in 2007, the company focuses on the development, construction, ownership, operation, and maintenance of solar photovoltaic power plants. Scatec operates through three main segments: Power Production, Services, and Development and Construction. It has a diverse portfolio with a total of 1.9 GW of solar capacity either in operation or under construction across multiple countries, including Argentina, Brazil, Egypt, and South Africa. The company aims to deliver affordable and sustainable clean energy solutions globally, demonstrating a commitment to long-term growth and innovation in renewable energy.
Moove
Debt Financing in 2022
Moove is a mobility fintech company focused on providing revenue-based vehicle financing to entrepreneurs in the mobility sector across Africa. By utilizing embedded alternative credit-scoring technology within ride-hailing, logistics, and delivery platforms, Moove aims to democratize vehicle ownership and improve access to financial services for those previously excluded. The company's innovative approach leverages proprietary performance and revenue analytics to assess and underwrite loans, enabling mobility entrepreneurs to secure the financing needed to grow their businesses. Through this model, Moove addresses the financial barriers faced by individuals in the mobility industry, promoting economic empowerment and expanding opportunities for entrepreneurship.
Shubham Housing Development Finance Company
Venture Round in 2022
Shubham Housing Development Finance Company Private Limited, established in 2010 and headquartered in Gurugram, India, specializes in providing housing finance solutions to families with informal incomes. The company aims to assist customers who may not qualify for loans from traditional lending institutions by offering home loans, home improvement loans, and loans against property. Shubham stands out for its innovative operating model, which prioritizes an interview-based approach over conventional document-based underwriting, allowing for a better understanding of each customer's income and expense flows. This focus on urban low-income and informal income families reflects Shubham's commitment to facilitating home ownership through accessible and formal credit options.
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