
South African Fintech Startup Float Secures $11 Million Funding From Standard Bank
South African financial technology (fintech) company Float has secured a $11 million funding facility from Standard Bank.
Blue Earth Capital has committed $25 million in private credit funding to Robust International, a company that processes and exports agricultural products like cashews and sesame seeds.
The financial support will help Robust strengthen its local sourcing and expand processing facilities in Nigeria.
This investment was made through Blue Earth’s private credit funds and includes co-investment from AHL Venture Partners and Ceniarth.
The collaboration is expected to boost agricultural development in the region by increasing value addition at the local level and supporting job creation.
Robust operates across West Africa, sourcing and processing key commodities. With this new funding, the company plans to improve its operations and help meet the growing international demand for healthy and traceable foods.
Amy Wang, who leads the private credit team at Blue Earth Capital, emphasized the dual goals of financial returns and social impact.
“By expanding Robust’s operations, we aim to support sustainable agribusinesses, cut emissions, and create jobs,” she said.
Wang also noted that this is the firm’s third sustainability-linked loan, reflecting its ongoing commitment to responsible investing.
Vishanth Narayan, Executive Director at Robust, welcomed the partnership.
He said the support from Blue Earth and its partners will drive innovation and enhance the company’s efforts to positively impact local communities.
AHL Venture Partners’ CEO, Rosanne Whalley, described the deal as aligned with their focus on sustainable food systems.
She highlighted the importance of addressing challenges such as limited value capture and market access in African agriculture.
Stefan Freeman, Head of Investments at Ceniarth, said his firm was pleased to join the initiative through its long-standing partnership with Blue Earth.
“We focus on strengthening global agriculture for the benefit of farmers, and this opportunity fits well with that mission,” he added.
The investment marks a significant step toward building more resilient and sustainable agricultural value chains across Africa.
“We are delighted to partner with ISA to support the development of solar energy in Africa,” said Alain Ebobissé, CEO of Africa50. “This partnership will help to accelerate the deployment of solar energy in Africa and improve the lives of millions of Africans,” he added.
South African financial technology (fintech) company Float has secured a $11 million funding facility from Standard Bank.
Revio, a South African fintech startup, has raised $5.2 million in a seed round led by QED Investors and Partech.
Proparco has signed a new partnership with Equity Group to support sustainable agriculture in Kenya.
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