Cauris Finance, an Africa-focused impact credit fund, has announced the successful closing of a US$40 million debt facility to expand its efforts to support socially impactful African fintechs.
Cauris Finance is an Africa-focused impact investor delivering growth capital to best-in-class companies, which aims to facilitate access to quality credit for 10 million small businesses and entrepreneurs, accelerating the rise of Africa’s middle class, fostering economic development, and supporting the SDGs.
Leveraging cutting-edge technology and structured underwriting, Cauris provides financing solutions that deliver consistent financial returns and compelling social impact.
The firm has now secured a US$40 million debt facility from a US-based institutional investor, which will enable Cauris to expand its efforts to support socially impactful African fintechs that provide essential credit access to financially underserved small businesses and entrepreneurs, the economic engines of every African economy.
“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,” said Azer Songnaba, chief investment officer of Cauris Finance. “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 to drive sustainable growth.”
