Goodwell Investments, an Amsterdam based firm that invests in companies that offer products and services to un(der)served people to meet their increasing demand for affordable and quality basic products, has raised $US 24.5 million from over 30 investors, Wee Tracker reports.
The firm’s African portfolio includes fintech companies, Paga (Nigeria), Nomanini (South Africa) and Musoni Systems (pan-African), and in mobility tech WhereIsMyTransport (pan-African).
According to the report, “The investments will be focused on financial inclusion, fintech and inclusive growth in sectors providing basic goods and services and income generation opportunities to the underserved in Africa”.
Goodwell’s 25 portfolio companies have reached over 12 million households with more than USD 1.7 billion in financial products and services, and employ more than 30,000 employees. The firm has recently launched uMunthu, a new €100m fund for Sub Sahara Africa, that will invest in financial inclusion, agribusiness and other inclusive growth sectors with a heavy focus on the digital economy. (via Wee Tracker)
