Mauritius-based Verdant Capital, a corporate finance firm, recently facilitated a revolving credit account for Patasente, a Ugandan firm operating a digital trading platform for actors in agricultural value chains. The new facility will fund “invoice discounting and supplier financing activities” in support of the platform, which helps 3,000 farmers, 100 warehouses and 20 processors to optimize pricing, invoice customers, transfer money and borrow working capital. The size of the wholesale facility and the identities of its funders remain confidential. Patasente was established in 2016, and its name can be translated from Swahili as “Get Money.”
Verdant Capital, which operates from offices in Ghana, Mauritius and South Africa, provides capital raising as well as merger and acquisition advisory services to clients in Africa. These clients span the agri-business, renewable energy, business services, financial services and manufacturing industries.
By Anaya Jhaveri, Research Associate
Sources and Additional Resources
Verdant Capital press release
https://verdant-cap.com/verdant-capital-funds-patasente-uganda/
Patasente homepage
https://patasente.com
Verdant Capital homepage
https://verdant-cap.com
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