Monday, September 29, 2025
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact
No Result
View All Result
Techgist Africa | Africa Leading Tech News, Reviews and Tips
No Result
View All Result
Home Africa

Apis Partners Raises $550 million to Support African & Asian Fintechs

Tech Gist Africa by Tech Gist Africa
12/18/2019
in Africa, Africa News, News
0 0
0
Apis Partners Raises $550 million to Support African & Asian Fintechs

Photo Credit: vc4a.com

0
SHARES
Share on FacebookShare on Twitter

Apis Partners, a London-based private equity firm has raised $550 million for the Apis Growth Fund II. They will use the funds to support fintech startups across Africa and Asia.

Apis Partners is a private equity firm that focuses on driving financial services using innovative technology. The company provides growth-stage fintechs with catalytic growth equity capital. It secured the recent funds from investors. Some the investors include; global financial institutions, insurance companies, pension bodies and sovereign wealth funds around the world.

The $550 million Apis Growth Fund II secured exceeds the targeted $400 million the company required. This succeeds the $287 million it invested during the Apis Growth Fund I in 2016. Apis Partners has completed 14 investments in financial services across multiple sectors to date. In Africa, it has invested in Direct Pay Online (DPO) Group, QLINK, Crossfin Transactional Solutions, Efficient Group, Tutuka, Greenlight Planet, Baobaba and Transfast.

 


See Also: FSI Launches First Fintech Innovation Sandbox in Nigeria


Apis Growth Fund II will make equity investments of between $30 million and $50 million into financial services. It focuses on financial technology companies across markets in Africa and Asia.  The sum will be invested in selected fintechs involved in payments, credit and savings, insurance, technology, service provision and capital markets. It will support innovative business models and financially include the unbanked and under-banked population.

Matteo Stefanel, the cofounder and Managing Partner of Apis Partners expressed his profound gratitude for the support of investors. 

Apis recognizes the strong potential of the growing fintech sector in both continents. The year 2019 has witnessed a significant number of investments in fintechs. The sector is viable and is one of the most important sectors globally. 

 

 

 

More on TechGist Africa

  • AfDB Approves $5 million Grant to Support Tony Elumelu’s 3050 Entrepreneurship Initiative
  • SafeBoda Launches Food Delivery Service in Latest App Update
  • Google, Apple, Others Sued over Children Death in DR Congo Mines
  • Supply Chain Platform Grainpulse secures $11 Million to Link Farmers with Fertilizer
  • KongPay Debuts Cardless Withdrawal & USSD Features
ShareTweet
Plugin Install : Subscribe Push Notification need OneSignal plugin to be installed.
Tech Gist Africa

Tech Gist Africa

Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

Related Posts

Rekindle EpiTek
Acquisition

Rekindle Learning Acquires EpiTek to Forge Africa’s Premier Corporate Training Platform

by Tech Gist Africa
09/29/2025
0

Rekindle Learning, a leading South African digital learning company, has acquired Cape Town-based edtech startup EpiTek to create Rekindle EpiTek,...

Read more
Duaya EXMGO

Duaya Acquires EXMGO in Six-Figure Deal, Relaunches as Duaya Go to Revolutionize Pharmacy E-Commerce in Egypt

09/29/2025
Nvidia Intel

Nvidia has announced a $5 billion investment in Intel

09/29/2025
Rulebase

Rulebase Secures $2.1M Pre-Seed Funding to Revolutionize Fintech Back-Office Automation

09/26/2025
SunCulture Kenya

SunCulture, a Kenyan climate-tech startup has secured a $5 million funding

09/26/2025
Next Post
Nigerian Broadband

Internet Society Foundation’s $300,000 Grant to Promote Internet Projects in Africa & Europe

Vodacom Tanzania

Vodacom Tanzania, WorldRemit Partners to Scale Cross-border Transfers

AfDB Approves $5 million Grant to Support Tony Elumelu’s 3050 Entrepreneurship Initiative, Vodacom, NedBank, Others Backs Indigenous Phones, Mara in South Africa and More

AfDB Approves $5 million Grant to Support Tony Elumelu’s 3050 Entrepreneurship Initiative, Vodacom, NedBank, Others Backs Indigenous Phones, Mara in South Africa and More

No Result
View All Result

The Big 5

Food Security

How Technology is Advancing Global Food Security and Reducing Hunger

by Tech Gist Africa
09/26/2025
0

...

Nvidia Abu Dhabi Robotics Lab

Nvidia and Abu Dhabi Institute Launch Middle East’s First AI & Robotics Lab

by Tech Gist Africa
09/26/2025
0

...

MultiChoice

Canal+ has officially completed its $3.17 billion acquisition of South Africa’s MultiChoice Group

by Tech Gist Africa
09/26/2025
0

...

216 Capital & Plug and Play Accelerator

216 Capital & Plug and Play Launch Tunisian Accelerator to Bridge Local Startups to Global Stage

by Tech Gist Africa
09/26/2025
0

...

Funding

Groundbreaking UK Tender Aims to Map East Africa’s Start-Up Financing Landscape

by Tech Gist Africa
09/26/2025
0

...

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

TGA

  • About us
  • Terms and Conditions
  • Privacy Policy
  • Contact

AFRICA

  • Made In Africa
  • People
    • Tech Leaders
    • Innovator of the Week
  • Start-Up Spotlight

NEWS

  • Africa News
  • World News

THE BIG 5

  • Big 5 Daily
  • Weekly News Roundup

SPECIALS

  • Guest Articles
  • How Tos
  • Op-Eds
  • Reviews
  • Tech Leaders
  • Tips

VIDEOS

  • Interviews
  • Tech Videos

Copyright © 2020 Techgistafrica. All Rights Reserved

No Result
View All Result
  • News
    • World News
    • World Regional News
    • News – East Africa
    • News – West Africa
    • News – South Africa
    • News – Middle East And North Africa
  • The Big 5
  • Specials
  • Opportunities
  • Innovators
  • Events
  • Videos
  • Contact

Copyright © 2019 TECHGISTAFRICA. All Rights Reserved

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.