New Investments
Cauris Finance Secures $40 Million Debt Facility to Back African Fintechs
Cauris Finance, an Africa-focused impact credit fund, has successfully closed a $40 million debt facility with a U.S.-based institutional investor.
With Africa experiencing rapid demographic shifts, the continent’s population is expected to reach 2.5 billion by 2050.
Cauris specializes in bridging the funding gap for African underserved businesses and entrepreneurs.
The $40 million facility will significantly enhance Cauris’s ability to provide financing solutions, paving the way for the firm’s ambitious plans, including the first close of its new $50 million initiative, The Third Wave Fund, set for 2025.
“Cauris is committed to unlocking Africa’s vast economic potential by enabling fintechs to deliver high-quality, accessible credit to the businesses and people who are the backbone of the continent’s economies,” said Azer Songnaba, Chief Investment Officer of Cauris Finance.
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