The solar irrigation company is partnering with fintech Bridgin to launch a receivables financing facility aimed at unlocking local currency debt for smallholder farmers.
The fund operates a two-track model, offering everything from prototype vouchers and monthly allowances for idea-stage founders to more substantial seed funding.
Ido Sum’s departure comes after he played a crucial role in raising the firm’s $150m TIDE Africa Fund II, one of the largest early-stage funds for the continent.
Under Nigeria’s sweeping Tax Reform Acts, what was once a simple paperwork exercise has become a high-stakes tax event that can trigger massive liabilities before a single dollar of new investment reaches the bank.
