Learn more about investment opportunity in Kenyan impact fintech space
delen
30 september 2024
Bidcp
Dear Members, BiD Capital Partners is supporting Sevi.io to raise growth capital to scale its innovative pre-financing platform for small retailers in Africa. The company, which has been established since early 2022, has delivered rapid growth in its risk mitigated lending activities for BoP entrepreneurs in Kenya. Clients can access instant, unsecured credit from EUR 7-3,500 to pay for orders from major FMCG distributors such as coca-cola. Credit is repaid as inventory is sold, with the sevi platform monitoring inventory levels based on reported sales, which are also verified by Sevi’s field teams.
To reach the scale required to break even in Kenya, Sevi aims to raise a total of USD 900k, the first tranche of which is being structured as a USD 300k-600k convertible note, the balance from direct debt investment starting Q1 2025.
If impact, innovation, and scale is something that interests you, please join an information webinar on Monday 7th October at 1200 CET:
Zoom Meeting https://us02web.zoom.us/j/84899508603?pwd=NfsMQj1tSXaboWQH5cWo97S0OU9EyN.1 Meeting ID: 848 9950 8603 Passcode: 761987
Brenda Pennell
Managing Director, BiD Capital Partners
brenda@bidcp.com