The Kigali International Financial Centre has launched a $50 million first and only Fintech-focused Africa Fund.
Backed by MyGrowthFund Venture Partners, the fund will focus on fintech companies with proven technology, operating in Africa.
Private equity investments in Africa have doubled during the last decade with fintech receiving close to 60% of the capital.
The announcement was made during the Kigali International Financial Centre the Home of Africa’s Fintechs forum on February 2 at the Conrad Hotel in Dubai.
— TradeArabia News Service