Verdant Capital, a Mauritius-based corporate finance firm, recently announced that it is raising equity financing for Yabx Technologies, a Netherlands-based provider of software that enables digital lending, to expand its operations in Nigeria. The company helps financial services providers offer products such as personal loans; buy-now-pay-later payment plans; and loans for MSMEs (micro-, small and medium-sized enterprises) with the aim of reaching the “underserved with limited credit history.” In addition to Nigeria, Yabx operates in Colombia, Cote d’Ivoire, Indonesia, Malawi, Tanzania and Uganda, reportedly servicing a total of 100 million people.
Verdant Capital, operating from offices in Ghana, Mauritius and South Africa, provides capital raising as well as merger and acquisition advisory services to clients across Africa. These clients span the agri-business, renewable energy, business services, financial services and manufacturing industries.
By Vaughn Rajah, Research Associate
Sources and Additional Resources
Verdant press release
https://verdant-cap.com/yabx-technologies-expands-into-nigeria
Yabx homepage
https://yabx.co
The Africa Report article
https://www.theafricareport.com/273086/exclusive-mahindras-yabx-mandates-verdant-capital-to-raise-equity-for-nigeria-growth/
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