A big win for our ecosystem 👏 Congrats to MsFiT Ventures led by amazing community member Egla Ntumba. Here's to increasing angel investment and closing the gender financing gap 🚀
📢 New partnership alert! One of the key highlights of Day 1 at #AESIS2024 (Cape Town, South Africa | 28th November 2024) was the announcement of a transformative partnership between us and MsFiT Ventures! This collaboration marks a key moment in strengthening Africa’s investment ecosystem, focused on #angelinvestment and innovative debt financing models to accelerate the growth of small and medium-sized enterprises (SMEs) across the continent. What is MsFiT Ventures all about? Based in Cape Town, MsFiT Ventures is an SME debt fund that provides flexible working capital to fast-growing, asset-heavy SMEs in Southern Africa. The Fund is currently raising a $4.5M proof of concept fund, targeting investments between $5k to $150k in female-led and operated SMEs leveraging basic technology for infrastructure scaling. “Our partnership with MsFiT Ventures is a bold step towards diversifying investment options for our members, fostering resilience, and promoting sustainable growth across Africa’s entrepreneurial landscape. By leveraging innovative debt solutions, we’re advancing ABAN’s mission of driving angel investing and creating job opportunities in Africa." Fadilah Tchoumba This joint initiative will pave the way for a future where Africa’s small businesses thrive, creating jobs and driving economic growth. Read more about this partnership at https://bit.ly/4ePqqhj Egla Ntumba Jill Curr
-
+1