elow please find the request from funder that is offering funding for African Fintech companies. Given the amount of funding available, i.e., up to 90% of the loan book, and other less stringent requirements relative to other funders, we think this funding will be attractive to African Fintechs.

Please share this brief with your network:

FINTECH FUNDING BRIEF

Funding Offered: Debt

Minimum Transaction Size: $2 million

Maximum Transaction Size: $10 million

Determination of Transaction Size: Up to 90% of the loan book

Sector Focus: Fintech Lenders that provide asset lending, consumer credit, marketplace credit, MSME credit or are payment platforms

Geographic Focus: Sub-Saharan Africa

Company Requirements: Minimum 1-year track record and profitable at the gross margin level

Tenor: 12-36 months

Interest Rate: low to mid-teens.

Other Relevant Information: Lenders that use digital payment platforms, CRMs, and other tech enabled approaches to data management