Apis Growth Fund II

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Proposed IFC equity commitment of up to US$25 million to Apis Growth Fund II, LP, targeting US$400 million in commitments from investors. The Fund’s investment objective is to make mid-market growth equity investments into financial services and technology such as payments, credit and savings, insurance, technology enablers and service providers and capital markets located in Africa and Asia. The primary focus countries of the Fund will include Cote d'Ivoire, Kenya, Morocco, Nigeria, South Africa, India, Indonesia, Pakistan and the Philippines. The Fund will focus on funding growth-stage companies that require growth equity to expand their geographies, product ranges or to fund vertical integration. The Fund will seek to invest in companies with a significant social impact through products and services that enable financial inclusion. The companies that the Fund will invest in will make access to relevant financial products and services for underserved customers more affordable, easier and closer to reach.