Digital financer Baobab+ secures US$4m to support its growth and expand its range

AFRICA – Baobab+, a digital finance company focusing on financial inclusion, has secured US$4.73 million from the Energy Entrepreneurs Growth Fund (EEGF), managed by Triple Jump, and the Facility for Energy Inclusion Off-Grid Energy Access Fund (FEI-OGEF), managed by LHGP Asset Management. The company obtained dual financing of US$2.37 million to support its growth and expand its range to new products and therefore promote socio-economic development in rural areas in Senegal and Côte d’Ivoire. “We are very pleased to team up with Baobab+ for EEGF’s first investment, and work towards…

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Baobab+ partners Samsung to offer installment payments for its smartphones

CÔTE D’IVOIRE – Baobab +, a microfinance institution and a leader in financial services in Ivory Coast, has announced the offer of installment payments for Samsung smartphones, in partnership with this South Korean electronics giant. With this partnership that came into effect on March 1, these two firms aim to democratize the acquisition of smartphones by lifting the price break through progressive payment by mobile money, over a period of 3 to 6 months. This partnership was made through the Knox application, integrated into these smartphones and allowing remote control…

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