Proparco

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.

Sadio Dicko

Deputy Regional Director

Ariane Ducreux

Director of energy, digital and infrastructure

Djalal Khimdjee

Deputy CEO and Board Member

Natascha Korvinus

Principal, Finance

Gregor Quiniou

Principal

Past deals in SME

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.

First City Monument Bank

Debt Financing in 2025
First City Monument Bank, established in 1982 and headquartered in Lagos, Nigeria, is a prominent commercial bank that offers a diverse array of financial services. As part of the FCMB Group, the bank caters to individuals, small and medium enterprises, and large corporations through its personal, business, and corporate banking divisions. Its offerings include loans, savings and current accounts, credit cards, and online banking, facilitating digital transformation in the banking sector. Additionally, First City Monument Bank provides specialized services such as cash management, foreign exchange, corporate finance, and trade services, which encompass financial advisory, capital raising, and infrastructure financing.

Sahyadri Farms

Series B in 2024
Sahyadri Farms is an integrated fruits and vegetables value chain established on January 11, 2011, in Nasik, Maharashtra, by Shitij Agrawaal. The initiative is fully managed by farmers who possess a deep understanding of the challenges faced by small-landholding farmers. Sahyadri Farms focuses on transforming the landscape of traditional Indian farming by procuring, processing, and marketing a diverse range of products, including fresh fruits like grapes and various vegetables, as well as processed foods such as aseptic pulps and frozen fruit pulps. The company aims to empower its network of small and marginal farmers by facilitating their access to domestic and international markets, thereby enhancing their livelihoods and promoting sustainable agricultural practices.

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.

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, established in 1985 and headquartered in Lomé, Togo, provides a range of retail, corporate, and investment banking services across Africa and internationally. Its operations include Corporate & Investment Banking, Commercial Banking, and Consumer Banking, offering products such as current and savings accounts, loans, cards, and digital banking services. The bank serves a diverse clientele, including individuals, small and medium enterprises, multinationals, government agencies, and non-governmental organizations. With a network of 888 branches and over 2,460 ATMs, Ecobank facilitates various financial services, including treasury, cash management, remittance, and bancassurance. Subsidiaries such as Ecobank Nigeria Limited and Ecobank Zimbabwe Limited extend its services, focusing on commercial and retail banking tailored to local markets.

Workpay

Seed Round in 2023
Workpay, established in 2017 and headquartered in Nairobi, Kenya, specializes in providing cloud-based payroll, benefits, and human resource management software tailored for small and medium-sized businesses in Africa. Its comprehensive solution includes time and attendance tracking, HR and payroll processing, employee self-service management, and payment processing, including support for mobile wallets. Workpay simplifies employee management and ensures compliance, enabling businesses to hire both local and remote teams across Africa without the need for local entities.

Sahyadri Farms

Venture Round in 2022
Sahyadri Farms is an integrated fruits and vegetables value chain established on January 11, 2011, in Nasik, Maharashtra, by Shitij Agrawaal. The initiative is fully managed by farmers who possess a deep understanding of the challenges faced by small-landholding farmers. Sahyadri Farms focuses on transforming the landscape of traditional Indian farming by procuring, processing, and marketing a diverse range of products, including fresh fruits like grapes and various vegetables, as well as processed foods such as aseptic pulps and frozen fruit pulps. The company aims to empower its network of small and marginal farmers by facilitating their access to domestic and international markets, thereby enhancing their livelihoods and promoting sustainable agricultural practices.

liwwa

Debt Financing in 2022
liwwa, Inc. is a peer lending platform based in Amman, Jordan, established in 2013. The company connects small and medium-sized enterprises (SMEs) seeking capital with individual and institutional investors looking to diversify their investment portfolios. Through its platform, liwwa enables borrowers to apply for small business loans, facilitating access to necessary funds while allowing investors to earn regular monthly returns. The company conducts in-house evaluations of borrowers' creditworthiness and employs a lease-to-own model that provides interest-free returns for investors. By focusing on the MENA region, liwwa aims to enhance capital access for small businesses and create investment opportunities for individuals and institutions.

Annapurna Finance

Series A in 2022
Annapurna Finance is a microfinance company dedicated to the financial and economic upliftment of underserved women and economically backward clients. The firm focuses on expanding microfinance operations in areas that remain outside the formal financial system, providing essential financial and technical support to help clients develop entrepreneurial skills and engage in business activities. Annapurna Finance offers a range of services, including micro-loans for clean water, sanitation, home improvement, support for widowed families, and small businesses. Additionally, the company provides customized insurance plans tailored to the specific needs of its clients, ensuring that they receive the financial assistance necessary for economic empowerment throughout various stages of their lives.

Moringa School

Seed Round in 2022
Moringa School is an educational institution focused on developing technical skills in software development and data science. It offers intensive training programs in areas such as software engineering, computer programming, machine learning, and product design. The school aims to equip students with the skills necessary to thrive in the global digital economy, providing both full-time and part-time education options. Moringa School emphasizes practical learning and professional development, enabling its graduates to compete effectively in various tech-related fields. Through its comprehensive curriculum, the institution prepares individuals for careers in software architecture, UI/UX design, and other critical areas of technology.

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.

BCP Bank

Debt Financing in 2021
BCP Bank (Mauritius) Ltd is a generalist bank based in Ebene, Mauritius, offering a wide range of banking and financial services. Founded in 2003, the bank provides various accounts, loans, financing solutions, and bank guarantees, catering to individuals, professionals, small and medium enterprises, and corporate clients. In addition to traditional banking services, BCP Bank offers insurance products, foreign exchange services, treasury management, payment services, and private banking. The bank operates six branches and is recognized for its strong presence in both domestic and international markets. Formerly known as Banque Des Mascareignes Ltee, the institution rebranded to BCP Bank (Mauritius) Ltd 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, providing a wide range of banking and financial services to consumers, small and medium enterprises, and corporate clients. The bank offers various products including consumer loans, mortgage loans, herd loans, and business loans. In addition to traditional lending, Khan Bank provides internet and telephone banking services, banking card services, and facilitates foreign payments. The institution also engages in insurance brokerage services, aiming to support customers in their financial growth and contribute positively to societal well-being.

Solarise Africa

Series B in 2020
Solarise Africa is a pan-African Energy-as-a-Service company headquartered in Nairobi, Kenya, that specializes in providing financial leasing services for solar and other renewable energy assets. The company focuses on serving Commercial and Industrial clients by offering reliable and affordable decentralized energy solutions. Through smart financing solutions, Solarise Africa empowers its partners to enhance their operations and drive progress across the continent. The company collaborates closely with a select group of renewable energy solution providers to deliver tailor-made financial solutions that promote clean energy adoption. By facilitating upfront investments and manageable payment plans, Solarise Africa enables businesses to deploy clean energy systems, reduce costs, and improve productivity while contributing to lower carbon footprints in Africa.

NeoGrowth

Debt Financing in 2019
NeoGrowth is a non-banking financial company based in Mumbai, Maharashtra, founded in 2011 by Dhruv Khaitan and Piyush Khaitan. The company specializes in providing financial solutions tailored to the needs of small and medium-sized businesses in India that engage in retail activities, including the sale of apparel, consumer electronics, footwear, handicrafts, and various services such as restaurants, beauty salons, and health centers. NeoGrowth offers term working capital loans and inventory financing against future credit and debit card sales, enabling merchants to access credit facilities with ease. Through its services, NeoGrowth aims to support the growth and operational needs of small businesses, facilitating their access to essential financial resources.

Jumo

Venture Round in 2018
Jumo is a fintech company focused on delivering innovative financial solutions to customers in emerging markets across Africa and Asia. By leveraging artificial intelligence and machine learning, Jumo develops credit scores and financial products that empower partners to offer loans, savings, and diverse financial choices. The company's ultra-lean banking technology connects banks with traditionally inaccessible customers in cost-effective and responsible ways. Additionally, Jumo's money marketplace utilizes behavioral data from mobile usage to create financial identities for small and medium enterprises, enabling these customers to establish creditworthiness based solely on their behavior. This approach not only enhances access to financial services but also supports the growth of financial inclusion in underserved markets.

Jumo

Series B in 2018
Jumo is a fintech company focused on delivering innovative financial solutions to customers in emerging markets across Africa and Asia. By leveraging artificial intelligence and machine learning, Jumo develops credit scores and financial products that empower partners to offer loans, savings, and diverse financial choices. The company's ultra-lean banking technology connects banks with traditionally inaccessible customers in cost-effective and responsible ways. Additionally, Jumo's money marketplace utilizes behavioral data from mobile usage to create financial identities for small and medium enterprises, enabling these customers to establish creditworthiness based solely on their behavior. This approach not only enhances access to financial services but also supports the growth of financial inclusion in underserved markets.

Enda Tamweel

Corporate Round in 2018
Enda Tamweel SA is a microfinance company based in Tunis, Tunisia, founded in 2015 by the NGO Enda Inter-Arab. It focuses on providing financial and non-financial services to micro-entrepreneurs, particularly benefiting marginalized households, including women and youth. The company's offerings encompass various microcredit products tailored for agricultural and non-agricultural projects, as well as packages designed to support young entrepreneurs and promote environmental sustainability. Additionally, Enda Tamweel provides digital services, such as M-dinar for remote payment transactions and La Carte Mobitamweel, a prepaid card for easy credit collection. Complementing its financial services, the company also delivers essential non-financial support, such as training, marketing assistance, and awareness programs aimed at fostering an entrepreneurial culture. This holistic approach allows Enda Tamweel to enhance the living conditions of its clients and their families.

Jumo

Series A in 2018
Jumo is a fintech company focused on delivering innovative financial solutions to customers in emerging markets across Africa and Asia. By leveraging artificial intelligence and machine learning, Jumo develops credit scores and financial products that empower partners to offer loans, savings, and diverse financial choices. The company's ultra-lean banking technology connects banks with traditionally inaccessible customers in cost-effective and responsible ways. Additionally, Jumo's money marketplace utilizes behavioral data from mobile usage to create financial identities for small and medium enterprises, enabling these customers to establish creditworthiness based solely on their behavior. This approach not only enhances access to financial services but also supports the growth of financial inclusion in underserved markets.

Sonata Finance

Venture Round in 2016
Sonata Finance is a micro-finance agency focused on providing financial resources to economically disadvantaged women in rural, semi-urban, and urban communities in India. The company aims to empower these women by offering a variety of loans tailored to meet their diverse financial needs, including sanitation, housing, utility, two-wheeler, individual, and MSME loans. By utilizing the joint liability group model, Sonata Finance facilitates lending for income-generating activities, thereby helping to improve the socio-economic conditions of its clients and fostering opportunities for poverty alleviation.

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.

Maris Africa

Venture Round in 2010
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.
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