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CASF invests in South Africa's Finclusion Group

Wednesday 1 June 2022 09:33 CET | News

The Cairo Angels Syndicate Fund (CASF), a micro venture capital fund that invests in early-stage startups in the Middle East and Africa, has invested in the South Africa’s Finclusion Group.

Finclusion Group is an African-focused fintech platform building out a neobank offering for its users. Today, Finclusion Group provides earned-wage access, BNPL and direct credit to its clients with a presence in South Africa, Eswatini, and Namibia in Southern Africa, and Kenya and Tanzania in East Africa. 

Finclusion Group wants to build products that improve the quality of life of its customers by making financial tools easily accessible throughout the African continent. By using their risk, credit, and technology expertise, Finclusion Group aims to drive financial wellness and financial inclusion in Africa and to build a pan-African neobank.

It is expected that the funding will help Finclusion Group with its geographic expansion.

More: Link


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Keywords: funding, partnership, financial inclusion, SME lending, neobanks, digital banking
Categories: Banking & Fintech
Companies: Cairo Angels Syndicate Fund, Finclusion Group
Countries: Africa
This article is part of category

Banking & Fintech

Cairo Angels Syndicate Fund

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Finclusion Group

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