How AfricInvest Signs Debt Deal Via Asoko Digital Engagement Platform
There has been an upswing in the number of deals made through Asoko Platform in recent times. Over the course of the last 12 months, Asoko has fed 55 opportunities to AfriInvest Private Credit representing a total pipeline of close to $312 million. The digital deal-making officially features in Africa’s investment landscape with the closing of the first deal originated on Asoko Insight’s Digital Engagement platform, the premier service connecting companies across the continent with growth-enabling stakeholders.
First week of November saw Ruai Family Hospital (trading as RFH Healthcare) a leading healthcare provider in Kenya, entering a strategic partnership with pan-African asset management platform, AfricInvest, through its debt vehicle, AfricInvest Private Credit (APC).
Asoko Insight has been working with APC to originate debt opportunities via the Digital Engagement platform since November 2020, providing high-growth SMEs with a streamlined route into the pipeline, while at the same time cutting down the noise of early stage origination activities for APC, allowing the firm to concentrate on deals already confirmed to meet qualifying criteria and standards.
Read also Meta Launches Business Coach Tool on WhatsApp to Help SMBs in Africa Grow
Digitisation is already proven to increase efficiency and access to services across a range of sectors, with Africa in particular leading the way in provision of digital financial services and innovative online logistics solutions. With the closure of this deal, the case for digitisation in deal-making is validated as a time- and cost-saving route to origination that democratises access to Africa’s investment ecosystem. Especially in the mid-cap space, where companies are most likely to face a financing gap and where access to funds can be especially impactful, Digital Engagement can support a faster and more efficient deal flow.
There has been an upswing in the number of deals made through Asoko Platform in recent times. Over the course of the last 12 months, Asoko has fed 55 opportunities to AfriInvest Private Credit representing a total pipeline of close to $312 million. The digital deal-making officially features in Africa’s investment landscape with the closing of the first deal originated on Asoko Insight’s Digital Engagement platform, the premier service connecting companies across the continent with growth-enabling stakeholders.
Read also How Traditional Banks Can Gain an Edge in African Fintech Transformation
First week of November saw Ruai Family Hospital (trading as RFH Healthcare) a leading healthcare provider in Kenya, entering a strategic partnership with pan-African asset management platform, AfricInvest, through its debt vehicle, AfricInvest Private Credit (APC).
Asoko Insight has been working with APC to originate debt opportunities via the Digital Engagement platform since November 2020, providing high-growth SMEs with a streamlined route into the pipeline, while at the same time cutting down the noise of early stage origination activities for APC, allowing the firm to concentrate on deals already confirmed to meet qualifying criteria and standards.
Read also Africa’s Transporters Adopt Cellulant’s Technology in Bid to Digitize the Sector
Digitisation is already proven to increase efficiency and access to services across a range of sectors, with Africa in particular leading the way in provision of digital financial services and innovative online logistics solutions. With the closure of this deal, the case for digitisation in deal-making is validated as a time- and cost-saving route to origination that democratises access to Africa’s investment ecosystem. Especially in the mid-cap space, where companies are most likely to face a financing gap and where access to funds can be especially impactful, Digital Engagement can support a faster and more efficient deal flow.
Kelechi Deca
Kelechi Deca has over two decades of media experience, he has traveled to over 77 countries reporting on multilateral development institutions, international business, trade, travels, culture, and diplomacy. He is also a petrol head with in-depth knowledge of automobiles and the auto industry