This funding forms part of the EIB’s effort to support sustainable financial development across Africa and Asia.

Apis Growth Fund III is a growth-stage investment fund with an ambitious $1 billion target size, backed by a consortium of global investors.

The fund aims to deploy capital into fast-growing firms that are transforming access to financial services through technology and innovation.

Its portfolio typically includes businesses operating in payments, digital credit and savings platforms, insurance solutions, technology enablers, and service providers across capital markets.

By backing these companies, the fund seeks to broaden access to financial tools for consumers and small businesses in underserved regions.

The EIB’s equity participation is intended to strengthen Apis Partners’ role as a leading investor in financial inclusion and to help bring more growth-oriented firms to scale.

In its public announcement, the bank highlighted that the investment will adhere to strict environmental, social, and governance (ESG) standards throughout the investment cycle.

Apis Partners has also established an integrated ESG management framework to monitor and manage potential impacts as part of its investment process.

Apis Partners, headquartered in London, has built a track record of investing in financial services companies that blend technology with inclusive impact, spanning geographies such as Egypt, India, Indonesia, Kenya, Nigeria, South Africa and other markets in Asia and Africa.

The firm’s strategy revolves around backing scalable, capital-efficient companies that can deepen financial access for individuals and enterprises alike.

Investors in the fund alongside the EIB include international development finance institutions and impact-oriented investors, reflecting broad support for expanding digital and tech-enabled financial services in emerging economies.

Apis Growth Fund III is part of a broader trend among global investors to target financial inclusion as a driver of socioeconomic growth and digital transformation in markets where traditional banking services remain limited.