Novity Secures $145.0M

4G Capital

4G Capital has supported micro-enterprises in Africa since 2013, providing financial literacy training with working capital loans to help small businesses grow sustainably. 4G Capital clients receive a bespoke programme of business training to help them use micro-loans to achieve much higher take-home earnings. 4G Capital’s proprietorial machine learning technology delivers high fidelity insights from traditionally data dark sectors. We design scalable credit products and services optimized for clients’ business risks, timescales and affordability. Training is delivered via mobile apps and face-to-face outreach. Using only mobile money, loans are accessed in under two minutes with either smart or feature phones. Our Story 4G Capital seeks to address the Finance Gap across Africa. This stands at over $19 billion for Micro and SMEs in Kenya alone (source: IFC), even though this important segment accounts for over 30% of GDP. It is almost impossible for these companies to access credit without high collateral and data requirements. Over 30% of small businesses fail due to lack of funding. 4G Capital consistently achieves very high collections rates without collateral or refinancing its clients, by only lending to viable businesses on terms that are right for them. 4G Capital has impacted over 1.8 million people by the start of 2022. With operations in Kenya and Uganda, and having received multiple industry awards, 4G Capital is now scaling across the continent and expanding its suite of products and services as Africa’s Fastest Fintech. Key achievements to date: · >94% collection rates without refinancing clients · Net Promoter Score 83 · Clients increase revenues by average 82% · 81% Women Customers · 84% Repeat Customers · 77% Rural Clients · 94% Increased financial literacy · $213m worth of loans to date · 133 locations in Kenya and Uganda combined

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Kuunda

Kuunda builds dynamic, embedded financing solutions that create sustainable economic productivity by providing agent networks, small businesses, and consumers with access to liquidity products and services. Leveraging proprietary credit scoring algorithms, our dynamic borrower profiles are built off real-time behavioural data connected via our channel partners’ existing infrastructure and networks to provide insights into the transactional patterns of agents, small businesses, and consumers. Using the insights generated from these profiles, we enable our partner networks to distribute liquidity to their networks. To date, Kuunda’s algorithms have been utilised in the creation of both short-term, and medium-term lending solutions, spanning use cases from e-float financing and airtime advances, to working capital facilities and stock financing loans to enable small business growth.

Acre Impact Capital

Acre Impact Capital invests in climate-aligned essential infrastructure by partnering with leading commercial lenders and export credit agencies. Acre Impact Capital’s Export Finance Fund I addresses the estimated $100 billion annual infrastructure financing gap in Africa, driving economic growth and providing essential services for underserved populations.

Alterra Capital Partners

Alterra Capital Partners is an Africa-focused private equity firm that partners with exceptional entrepreneurs and management teams to grow their businesses. Alterra targets domestic-facing companies that serve basic consumer and vital business needs. The Alterra Capital Partners team has over 100+ years of combined private equity experience and invested more than $2 billion of capital into 23 companies across Africa. The Alterra team has lived and worked on the continent for decades and leverages its substantial experience and deep networks to drive the growth of its investments Alterra Capital Partners was formed through the combination of individuals from two of the most experienced managers on the continent, Carlyle Africa and Emerging Capital Partners. The combination was driven by the respective team’s longstanding working relationship, complementary investment strategies, geographic footprints, and shared vision.