Oasis Capital invests $1m in Ghanaian fintech company

Oasis Africa VC Fund has invested $1 million into appsNmobile Solutions, a payments solutions company in Ghana.

Oasis Capital is the fund manager of Oasis Africa VC Fund, a $50 million fund investing equity capital in growing SMEs across Ghana and Côte d’Ivoire. Oasis deploys capital on behalf of OAF’s investors through equity and quasi-equity investments in entrepreneurial and fast-growing businesses. OAF is backed by the International Finance Corporation (IFC), the Dutch Good Growth Fund (DGGF), the European Investment Bank (EIB), PROPARCO, Norfund as well as Ghanaian investors including local pension funds.

This investment is expected to capitalise appsNmobile to position it as a dominant player in the payments space in Ghana and the sub-region. Part of this capital will also enable the company to meet the Bank of Ghana’s regulatory capital requirement as well as provide other needed logistics for the business.

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