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.
The Nasdaq-listed South African fintech has quietly added another small enterprise-focused company to its portfolio, paying cash for a fintech business as it continues to widen its offering for large-scale clients.
The Egyptian investment bank is carving out a reputation as the region's most prolific corporate incubator, following last year's blockbuster valU IPO with a listing request for its K‑12 education platform - but a jittery market will test investor appetite.
