Cauris Finance, an impact credit fund with a focus on Africa, has announced the successful closing of a US$40 million debt facility to enhance its mission of supporting socially impactful African fintech companies.
Cauris Finance is dedicated to delivering growth capital to top-tier companies in Africa, with the goal of facilitating access to quality credit for 10 million small businesses and entrepreneurs. This initiative aims to accelerate the rise of Africa’s middle class, foster economic development, and support the United Nations Sustainable Development Goals (SDGs).
By leveraging advanced technology and structured underwriting processes, Cauris Finance provides financing solutions that yield consistent financial returns while generating significant social impact.
The firm has now secured a US$40 million debt facility from a US-based institutional investor. This funding will enable Cauris Finance to expand its support for socially impactful African fintechs that offer essential credit access to financially underserved small businesses and entrepreneurs, who are the driving forces behind African economies.
Cauris is committed to unlocking Africa’s vast economic potential by enabling fintechs to deliver high-quality, accessible credit to the businesses and people who are the backbone of the continent’s economies. This facility marks a significant milestone in our journey, underscoring our belief in the power of innovative financial solutions to create meaningful social impact and drive sustainable growth.
Azer Songnaba, Chief Investment Officer of Cauris Finance
This new debt facility will play a crucial role in Cauris Finance’s efforts to support the growth and development of fintech companies across Africa, ultimately contributing to the continent’s economic advancement and social progress.
