CapeBPO’s Post

[Deal] ASAFO & CO. recently advised BluePeak Private Capital, an alternative asset management firm supporting the growth of scalable businesses in Africa, and Swedfund International, the Swedish Development Finance Institution, in their co-investment in Teyliom Finance, a subsidiary of Teyliom Group, a leading pan-African conglomerate active in 5 industries across 12 countries. The transaction represents BluePeak’s 6th investment and its first co-investment with Swedfund. Teyliom Finance controls several companies operating in the financial services industry, including BRIDGE BANK GROUP Côte d'Ivoire, its main subsidiary through Bridge Group West Africa, which is the tenth largest bank in Côte d'Ivoire. Focused on improving access to financing through the broadening of financial services to the underserved and promoting financial inclusion, this investment will help Teyliom Finance consolidate its position in the financial services industry in Cote d’Ivoire and grow its footprint in other markets in Francophone West Africa. Tha Asafo & Co. team advising BluePeak and Swedfund was led by partner Patrick Larrive Larrivé, who was supported by associates Martin Van Box Som and Emmanuel TIECOURA in #Abidjan and Christy Komba-Malongo, Guy-Fabrice Holo, Noor Rachid and Zineb Benabdellah in #Casablanca. Partner Daye Kaba in #Abidjan also provided valuable support in issuing a legal opinion under the laws of #Côtedivoire. Walid Cherif Fulton Shiundu Malek Charfeddine Doukoure Junior Philip Reznik #financialservices #financialinclusion #Africa

Partnerships that go beyond

Portfolio News! 🤩 Renda Africa has closed its pre-seed round at $1.9m in equity and debt funding! The pre-seed funding will be utilized to technologically enhance Renda's offerings, drive expansion to more cities in Nigeria and East Africa, and grow its partnership network across all active markets. 💡 Here's why we're excited about Renda: → Renda provides a scalable, asset-light infrastructure network that facilitates last-mile delivery and fulfillment for commerce platforms targeting informal retailers in Africa, helping them overcome challenges related to working capital, procurement, and merchandising. → Renda has partnered with major commerce platforms to ensure enhanced reach and effectiveness in servicing dispersed, hard-to-reach informal retailers and small businesses, 90% of which are women-led. → Renda has achieved incredible traction from a revenue, customer growth and activation perspective over the past two years. → Renda also has a strong team led by Ope Onaboye and Abi Onaboye that has built an extensive network of logistics and warehousing partners, creating a defensible position in a fast-growing market. Find out more about this exciting announcement here and learn more about Renda Africa here: ✅ https://lnkd.in/dqbdH-Uf ⬅️ #FFAportfolio #FFAcommunity

Veefin participated at GTR West Africa - Trade, supply chain, export and infrastructure financing conference held in Lagos, a key event that brought together industry leaders and innovators from across the financial sector. 🤝 The conference provided us with an unparalleled opportunity to meet, connect, and engage with other industry leaders. These interactions are invaluable as they allow us to share insights, forge partnerships, and explore new avenues for collaboration, all aimed at enhancing the financial services landscape. 🚀 Our Head of Global Partnerships, Ullas P., took the stage to share insights on Veefin's cutting-edge end-to-end product stack. Ullas detailed how our solutions not only streamline onboarding and underwriting through a low-code platform but also over the years has solved the usual issues that Lenders face in reality with their #SCF loan management systems thus saving the Lenders hundreds of thousands of dollars! 🔍 Emphasizing the significance of the right technology partnership, Ullas illustrated how our domain expertise empowers Nigerian and regional financial institutions to gain a competitive edge. 💡 It's an exciting time for financial technology, and we are proud to contribute to the growth and transformation of the sector across West Africa! 𝐌𝐢𝐬𝐬𝐢𝐨𝐧: 𝐆𝐥𝐨𝐛𝐚𝐥 #𝟏 𝐒𝐂𝐅 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦 #accesstofinance #supplychainfinance #digitallending Raja Debnath | Gautam Udani | Ullas P.

Your inside look at private capital investments in Nigeria starts with our Dealmaker's Log. This exclusive database highlights deals, exits, and fundraising closes across Africa. Subscribe today for direct access to these and more deals: https://lnkd.in/duy5dWPs Here’s a glimpse of some transactions from the past year: 🗼 Pan African Towers, a digital infrastructure giant, secured strategic backing from Development Partners International (DPI) and Verod. 🌺 Aruwa Capital Management doubled down on AgroEknor, a leading exporter of hibiscus flowers and wellness products. 🛍 Goodwell Investments pumped capital into OmniRetail Technology Limited, the B2B e-commerce disruptor digitising Africa’s informal supply chain. 🏋♂️ Verod invested in i-Fitness Centre Ltd., West Africa’s fastest-growing fitness chain. ♻ TLG Capital teamed up with Wema Bank Plc. Bank to inject $10 million into Nigeria’s largest sustainable aluminium recycling plant. #privatecapital #privateequity

Empowering Nigerian Enterprises with Project S.C.A.L.E. 🇳🇬 I'm thrilled to spotlight Project S.C.A.L.E. (Securing Consumer Access for Local Enterprises)—a transformative initiative by the Nigerian Consumer Credit Corporation (CREDICORP). This program is a game-changer for local vendors, manufacturers, and consumers alike. 🌟 What It Offers: 1️⃣ Affordable consumer credit to enhance access to life-improving goods and services. 2️⃣ Support for local manufacturers in sectors like home improvement, mobility, energy solutions, electronics, and more. 3️⃣ A boost to Nigeria's industrial growth, job creation, and economic self-reliance. 💡 Why It Matters: Project S.C.A.L.E. bridges the gap between consumer demand and local supply, fostering economic growth while empowering Nigerians to access high-quality, locally-produced goods. 🔗 How to Join: If you're a local business or vendor, seize this opportunity to expand your reach and impact. https://lnkd.in/e5FTMTCn #EconomicGrowth #NigerianBusinesses #ProjectSCALE #CREDICORP #LocalEnterprises #Innovation #Sustainability

Banking without stress

Empowering Nigerian Enterprises with Project S.C.A.L.E. 🇳🇬 I'm thrilled to spotlight Project S.C.A.L.E. (Securing Consumer Access for Local Enterprises)—a transformative initiative by the Nigerian Consumer Credit Corporation (CREDICORP). This program is a game-changer for local vendors, manufacturers, and consumers alike. 🌟 What It Offers: 1️⃣ Affordable consumer credit to enhance access to life-improving goods and services. 2️⃣ Support for local manufacturers in sectors like home improvement, mobility, energy solutions, electronics, and more. 3️⃣ A boost to Nigeria's industrial growth, job creation, and economic self-reliance. 💡 Why It Matters: Project S.C.A.L.E. bridges the gap between consumer demand and local supply, fostering economic growth while empowering Nigerians to access high-quality, locally-produced goods. 🔗 How to Join: If you're a local business or vendor, seize this opportunity to expand your reach and impact. https://lnkd.in/eATye46E #EconomicGrowth #NigerianBusinesses #ProjectSCALE #CREDICORP #LocalEnterprises #Innovation #Sustainability

#payments | #UPI : NPCI International Payments Limited (NIPL) to develop UPI-Like Real-Time Payments System in Peru. NPCI International Payments Limited (NIPL) had signed an agreement with the Bank of Namibia to develop a UPI-like instant payment system for Namibia, enhancing #financialinclusion and modernizing the country's financial ecosystem. EmpowerEdge Ventures

Improving, but still in the bottom 10. #MSCI #SouthAfrica #ETF now ranks as the 8th worst country for 2024 on the performance list compared to all other #Country ETFs in USD. However, Africa is generally struggling, with #Nigeria in the last position & #Turkey still in the lead.