Mauritius government gives consent to the first ever crowdlending platform

MAURITIUS – The government of Mauritius through its SME Equity Fund Ltd (SEF), has just given its consent, through a partnership, to the country’s first ever crowdlending platform, Fundkiss Technologies Ltd. Under a public-private partnership, the SME Equity Fund would invest up to 10% on projects posted on the Fundkiss platform, up to a maximum of Rs 100,000 ($2.5k) per project. This move was captured in a Budget 2020–21 announcement which noted that ‘the SME Equity Fund Ltd will invest through the crowd lending mechanism to the tune of up…

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