Verdant Capital serves as Tugende’s financial advisor and arranger for its equity and debt capital raises.

The transaction is the most recent for the fintech and financial inclusion investment banking franchise of Verdant Capital. Partech Africa, a member of the Partech Group, a global technology venture capital fund, and Enza Capital invested in the $3.6 million extension round – agreed and structured in 2020 – bringing the total series A volume to $9.9 million.

This adds...