4G Capital, a leading fintech firm catering to micro, small, and medium-sized enterprises (MSMEs) across Africa, has successfully initiated a KSh 500 million corporate debt programme. Acting as the Arranger and Placement Agent, Dry Associates Investment Bank facilitated this significant funding round, demonstrating strong investor confidence in 4G Capital’s operational strategy.
This capital infusion is earmarked for expanding 4G Capital’s service footprint, enhancing product offerings, and extending vital financial services to more underserved entrepreneurs throughout the continent.
Wayne Hennessy-Barrett, CEO and Founder of 4G Capital, commented on the achievement, stating, “Raising KES 500 million is a pivotal milestone for 4G Capital. We are delighted by the enthusiastic response from investors, reaffirming our commitment to driving financial inclusion and sustainable economic development across Africa. This funding will enable us to scale our operations and serve a greater number of MSMEs.”
Dry Associates Investment Bank, recognized for its expertise in the Kenyan investment banking sector, played a crucial role in orchestrating the successful capital raise. James Dry, Managing Director of Dry Associates Investment Bank, expressed his satisfaction with the partnership: “We are pleased to collaborate with 4G Capital in this significant funding initiative. The strong investor interest underscores 4G Capital’s market position and the promising growth potential of Africa’s MSME sector. We look forward to continuing to support 4G Capital as they empower small businesses.”
The private issuance of Notes offers qualified investors an opportunity to participate in one of the fastest-growing sectors globally, contributing to the economic empowerment of Africa’s burgeoning entrepreneurs.
Photo source: Google
By: Montel Kamau
Serrari Financial Analyst
13th June, 2024
