ISC-First Circle
Sector: Commercial • Location: Africa Region
Source: International Finance Corporation (IFC)
The proposed project consists of an IFC equity investment of up to US$4 million in First Circle Africa Fund I (the Fund”), a female-led, pan-African venture capital (“VC”) fund focused on pre-seed and seed-stage investments in FinTech companies across Africa. The Fund targets high-potential sectors including FinTech SaaS, InsurTech, Alternative Lending Models, Interoperability & Infrastructure,
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | active |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | The proposed project consists of an IFC equity investment of up to US$4 million in First Circle Africa Fund I (the Fund”), a female-led, pan-African venture capital (“VC”) fund focused on pre-seed and seed-stage investments in FinTech companies across Africa. The Fund targets high-potential sectors including FinTech SaaS, InsurTech, Alternative Lending Models, Interoperability & Infrastructure, and Climate FinTech. It aims to raise US$25 million, with a hard cap of US$30 million. In addition, IFC, as the implementing entity of the Women’s Entrepreneurs Finance Initiative (We-Fi), will commit up to US$2 million as a limited partner in the Fund (“the BF co-investment”). |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |