Africa

Verdant Capital: Best FinTech Capital Raising Team Africa 2022

Established in 2013, Verdant Capital levers extensive investment experience and deep relationships to fuel pan-African fintech development. It stays in close contact with investors and entrepreneurs via offices in Mauritius, South Africa, Ghana, Zimbabwe, the Congo and Germany. Verdant Capital handled the second-largest deal in Nigeria’s electronic payments sector in 2021: the sale of Baxi, one of the country’s largest digital payment networks, to MFS Africa, which simplifies cross-border payments through an integrated hub. In 2021, it advised Zeepay, a Ghanian mobile financial services business, on an $8m series-A capital raise and the acquisition of Mangwee Zambia. In August 2022 it raised a further $10m for Zeepay in debt funding. The firm helped WIOCC, a leading wholesale telecoms company, to raise funds to develop an interconnected pan-African network of open-access, carrier-neutral datacentres. The lead investor was from Nigeria, attracted by WIOCC’s expansion into the country. Verdant Capital helped Tugende with debt and mezzanine funding to expand its asset finance business in East Africa and helped Planet42 grow its rent-to-own car business for the underbanked. In 2022, in addition to advising clients in its investment banking business, Verdant Capital invested in fintechs through its own funds, the Verdant Capital Specialist Funds business. These included Watu Uganda and Pezesha. In the future, Verdant Capital Specialist Funds expects significant growth. Verdant Capital is IMAP partner firm for its region; IMAP or the International M&A Partnership ranks in the top 10 in the global league tables for middle market M&A. The CFI.co judging panel presents Verdant Capital — a repeat programme winner — with the 2022 award for Best FinTech Capital Raising Team (Africa).

marten

Recent Posts

SegurCaixa Adeslas: Best Insurer Spain 2024

SegurCaixa Adeslas, a pre-eminent Spanish health insurance company, has demonstrated a formidable and truly impressive…

2 weeks ago

Banco BPI: Excellence in Sustainable Banking Initiative Portugal 2024

Banco BPI's dedication to sustainability is a beacon of proactive environmental and social responsibility. Beyond…

3 weeks ago

BSE Ltd: Champions of Capital Market Innovation and Efficiency Asia 2024

BSE Ltd, formerly known as the Bombay Stock Exchange, is a crucial player in India’s…

4 weeks ago

TMT Investments Plc: Visionary Leaders in Global Tech Venture Capital Europe 2024

TMT Investments Plc, publicly quoted on the AIM market of the London Stock Exchange since…

4 weeks ago

BNP Paribas Fortis: Outstanding Contribution to SME Financing Benelux 2024

BNP Paribas Fortis is a key player in the Belgian banking sector with a rich…

4 weeks ago

BAWAG Group AG: Best Banking Group Governance DACH 2024

BAWAG Group has reported 2023 net profit of 683 million euros, a ROTCE of 25…

4 weeks ago