Fund for Impact Credits Cauris Finance reports $40 M debt facility for African fintechs

In an effort to increase its support for socially conscious African fintechs, Cauris Finance, an impact credit fund with an emphasis on Africa, has announced the successful closing of a US $40 million debt facility.

The mission of Cauris Finance, an impact investor with a focus on Africa that provides growth capital to top-tier businesses, is to help 10 million small businesses and entrepreneurs obtain high-quality credit, which will accelerate the growth of the continent’s middle class, promote economic development, and support the Sustainable Development Goals.

Cauris offers financing solutions that have a strong social impact and steady financial returns by utilizing advanced technology and structured underwriting.

In order to support socially impactful African fintechs that give crucial credit access to financially underserved small businesses and entrepreneurs—the backbone of every African economy—Cauris has now obtained a US $40 million debt facility from a US-based institutional investor.

“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.”