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ISC-First Circle

Sector: Commercial • Location: Africa Region

Source: International Finance Corporation (IFC)

Project
Active

  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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The project “ISC-First Circle” is an infrastructure initiative in the Commercial sector, located in Africa Region. Taiyo aggregates data on it from International Finance Corporation (IFC).

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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”). 

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High

Data quality score

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URL

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