twitter Facebook Linkedin acp Contact Us

Partech Africa fund reaching a total of nine portfolio startups

Nigerian startup Kudi. (Image source: Partech Africa)

Partech Africa Fund has completed eight transactions, six new deals and two follow-on investments in 2019

The fund has deployed according to target mostly on Series A and B, half of these tickets ranging between US$3mn and US$7mn.

In total, the fund has welcomed six new outstanding teams into the growing Partech Africa branch of the larger Partech Family. Nine portfolio companies work from six countries in Africa and together have an extremely large impact in their spaces, with more than one hundred thousand merchants being served, US$4bn of financial transactions per year and more than 20 million end-users.

Kudi announced in April 2019 a US$5mn round led by Partech. This leader in digital payments and collection for the cash economy in Nigeria has maintained a brisk pace: in less than a year, Kudi has grown its network and revenues by five times while maintaining high capital efficiency.

Yoco is the leading South African fintech that builds tools and services to help entrepreneurs start, run and grow their businesses. In September, the company launched the Yoco Go, the most affordable card machine the market has ever seen. Since then, Yoco has been adding new merchants at an unprecedented rate, now servicing more than 64,000 merchants across South Africa and well on track to double their merchant base this year.

In Nigeria, TradeDepot, a mobile B2B trade platform that connects retailers in emerging markets directly to FMCG brands for ordering and delivery, has reached c. 30k active retailers in Nigeria alone with a GMV and revenue growth over 4x on a yearly basis.

“These companies have validated our investment strategy: outstanding team, with the validated model, addressing fundamental economic opportunities that will build the next African champions,” said Tidjane Dème, general partner at Partech Africa.

The Bell team in Richards Bay consists of more than 800 machinists, welders, and assemblers. (Image source: Bell)

GFE Power Product’s extensive range covers generators from 10 kVA up to 3,000 kVA. (Image source: GFE Power Products)

The funding is the largest-ever equity raise in the minigrid industry according to Husk. (Image source: Adobe Stock)

The initiative will help African contractors participate in annual infrastructure investments. (Image source: Afreximbank)

ITS has evolved into a sophisticated systems approach, providing numerous opportunities to revolutionise road networks. (Image source: Adobe Stock)

Invest International’s Lara Muller; Ivory Coast Minister of Finance and Economy, Adam Coulibaly; and Ambassador Designate to Ivory Coast, Jeroen Kelderhuis. (Image source: Invest International)

The Yellow Metal Machine Rental team with some Wacker Neuson equipment. (Image source: Wacker Neuson)

Although displaying resilience, the report warns that African banks remain exposed to physical climate risks due to both sovereign and industry lending. (Image source: Adobe Stock)

WAA and VCMI will seek to establish regulatory frameworks to enable access to high integrity and fair voluntary carbon markets for WAA member countries. (Image source: Adobe Stock)

The parties will also promote the mutual exchange of information and expertise in the field of export credit policies and practices. (Image source: TBD Group)

Inside Condra’s Johannesburg factory: an overhead crane positions an electric motor during assembly of hoist and crab. (Image source: Condra)

IVECO is renewing its entire product range, all at once. (Image source: IVECO)

The MoU was signed alongside the Africa Health Business Symposium. (Image source: Africa CDC)

Both the IMF and EIU expect SSA to rank as the world’s second fastest growing economy in 2024. (Image source: Adobe Stock)

There has been a focus on the sugar industry. (Image source: Adobe Stock)

Evolving concept of energy security must address energy demand, system flexibility, technology access and infrastructure development, says IRENA. (Image source: IRENA)

World Bank & African Development Bank partner to provide electricity access to 300 million Africans by 2030, leveraging public-private investments. (Image source: Adobe Stock)

At WFES, Gotion High-tech will showcase its latest products and leading green energy solutions at its booth. (Image source: Gotion High-tech)

The new Perkins 5012 is a full-authority electronic engine optimised and purpose-built for power generation applications. (Image source: Perkins)

SSAB will begin deliveries of the new products in 2026.

The key issues restricting sub-Saharan Africa’s manufacturing sector will be unpacked at Manufacturing Indaba later this year. (Image source: Adobe Stock)

Hyphen is developing sub-Saharan Africa’s largest, most advanced and only fully-vertical integrated green hydrogen project. (Image source: Hyphen)

According to Liebherr, the Used Equipment Marketplace is extremely user-friendly. (Image source: Liebherr)

Electricity storage will be pivotal in unlocking renewable projects and meeting energy demand. (Image source: Adobe Stock)

Africa Data Centres and DPA SA have broken ground on their solar farm in the Free State. (Image source: Africa Data Centres)

A Cat PM310 Cold Planer in action. (Image source: Caterpillar)

A larger stockholding of WEG products facilitates ready access for customers. (Image source: WEG Africa)

African nations have turned to the concept of power pools to address the continent's energy deficit and foster regional cooperation. (Image source: Synergy Consulting)

Dietmar Siersdorfer is expanding his role as Middle East managing director at Siemens Energy to include Africa. (Image source: Siemens Energy)

The Msikaba Bridge has anchor blocks 17 m wide which contain around 21,000 tons of concrete. (Image source: Sanral)