Melanin Kapital is a Kenyan fintech startup on a mission to ensure that every African SME is eligible to climate finance to grow their business
Founded in 2020, the startup is a last-mile carbon financing platform for African SMEs that helps SMEs access green equipment faster and cheaper by using carbon credits and climate financing.
The funding secured from Adaverse Accelerator will play a pivotal role in further accelerating Melanin Kapital’s mission.
Melanin Kapital stands out as a platform that strategically bridges the opportunity divide in Africa between the dynamic realm of green finance and the urgent call for climate action.
By synergizing cutting-edge technologies such as AI and blockchain, along with climate Key Performance Indicators (KPIs), they deliver a tailor-made AI-driven climate scoring mechanism seamlessly embedded within a digital lending framework.
This empowers both lenders and enterprises to meticulously monitor climate-focused KPIs while gaining access to carbon credits designed for small and medium-sized enterprises (SMEs).
This alignment of business performance with ecological objectives not only paves the way for SMEs to secure Africa-centric sustainable finance and climate funding but also unlocks novel pathways for their participation.
“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.
Early-stage venture capital firm P1 Ventures has successfully closed its first institutional fund, securing $50 million to invest in promising technology startups across Africa.
Johnvents Group, a prominent Nigerian agribusiness and manufacturing conglomerate, has received a $40.5 million investment from British International Investment (BII), the UK’s development finance institution and impact investor.
The funding round attracted participation from Norrsken Accelerator, Acquired Wisdom Fund (AWF), Hustle Fund, Voltron Capital, Microtraction, Ajim Capital, HoaQ, Bold Angel Fund, Shivdasani Family and other angel investors.
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