Emerging and Growth Markets | March 22, 2023

Verod-Kepple Africa Partners secures $43 million to invest in tech businesses in Africa

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, March 22 – Verod-Kepple Africa Partners is a partnership between Nigerian private equity firm Verod Capital and Kepple Africa Ventures, a Japan and Kenya-based firm. The partners’ first fund’s portfolio includes fintech ventures Moove, a vehicle financing company for Uber drivers in Africa; Ceviant, which offers trade finance in Nigeria; and Julaya, a neobank operating in francophone West Africa.

Verod-Kepple says its investments reach more than 800,000 people and have created 2,000 jobs.

The fund, Verod-Kepple Africa Ventures, raised $43 million with backing from the Japan International Cooperation Agency and Sumitomo Mitsui Trust Bank.