South African payments company Yoco has secured a $100 million (1.6 billion rand) credit facility from US investment firm Victory Park Capital Advisors to expand lending to small businesses. The agreement marks Yoco’s first direct debt financing arrangement and will allow the company to fund merchant cash advances through its own platform. The facility is…
EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced the final close of EIG Senior Infrastructure Debt Fund VI (“SIDF VI”) at $1.9 billion, nearly double the size of its predecessor fund. Together with $2.1 billion committed to single investor vehicles, this exceeds the strategy’s original $3 billion target and…
Mutsa Chironga, managing executive for personal banking at Nedbank Nedbank has partnered with fintech Jumo to launch a digital short-term lending product inside its Money App, the two companies said on Thursday, pitching the service at millions of South Africans underserved by traditional credit providers. The product, branded Nedbank Quick Loans, lets clients apply through…
Salvador Anglada Optasia, the fintech that listed on the JSE in November, has delivered a set of maiden annual results that comfortably exceed the guidance it gave investors at the time of its R23.5-billion listing. Revenue jumped 76% to US$265.4-million for the year ended 31 December 2025, while normalised net income rose 57% to $57.8-million….
Africa’s efforts to scale up clean energy are being held back by financing rules that do not align with the needs of mid-sized renewable projects, according to investors and developers. They say current lending systems are designed for large-scale infrastructure, leaving smaller ventures struggling to move forward. Speaking at the Africa Investment Forum on November…
Hustlerfund, a mobile lending application in Kenya advances a 20-year-old woman named Khamba to stock up her fruit stall in Nakura. In another seven days, it has almost doubled. In a case where she is a day and a day late in paying, the platform starts sending messages to her entire contact list labelling her…
