Bridge Taxi Finance, which is based in South Africa, recently borrowed ZAR 300 million (USD 20 million) from a group of unidentified “international impact investors” to expand its leasing of minibus taxis with vehicles that are safer and less polluting. In addition to leasing vehicles, the firm provides drivers with repair, tracking and advisory services. Bridge Taxi has funded 1,100 entrepreneurs during its 2021 fiscal year.
Verdant Capital arranged the funding for Bridge Taxi. Verdant, which has offices in the Democratic Republic of Congo, Ghana, Mauritius and South Africa, provides capital raising and financial advisory services as well as assisting in mergers and acquisitions.
By Adhya Singh, Research Associate
Sources and Additional Resources
Direct contact with Verdant Capital
Bridge Taxi Finance homepage
https://www.bridgetaxifinance.co.za/
Previous MicroCapital article on Verdant Capital
https://www.microcapital.org/microcapital-brief-mfs-africa-acquiring-baxi-to-expand-digital-payment-network-for-smes-into-nigeria/
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