Most carbon finance enters the market once a project is already operational. Hummingbirds is moving further upstream to address the supply-side bottleneck.
The fund is targeting a total raise of $200 million and is designed to address a critical financing gap faced by African SMEs, particularly those navigating challenging macroeconomic conditions.
African credit-focused fintechs, whose business models require substantial capital for their lending portfolios, are finding public debt markets increasingly attractive.
The decision reflects broader trends in African healthtech, where investors are increasingly prioritizing scalable, revenue-generating ventures over early-stage experiments.
Most carbon finance enters the market once a project is already operational. Hummingbirds is moving further upstream to address the supply-side bottleneck.
