Apis Partners to Launch New Funding Round to Invest in Social Impact Firms

Apis Partners will primarily focus on countries like India, Cote d'Ivoire, Kenya, Morocco and more

Apis Partners, a financial services-focused private equity asset manager, is set to launch a new $400-million funding round to invest in companies with a social impact through products and services that enable financial inclusions in many countries, including India.

International Finance Corporation (IFC), a member of the World Bank Group, had proposed a $25-million equity investment in Apis Partners, not exceeding 20 per cent of the total committed capital.
IFC will also play a catalytic role as a direct foreign investor (DFI) through its stamp of approval to help the equity fund firm to achieve a first close and critical mass and will provide additional financing to investee companies through debt and equity co-investments.

Apis Partners will primarily focus on countries such as - India, Cote d'Ivoire, Kenya, Morocco, Nigeria, South Africa, Indonesia, Pakistan and the Philippines.

The asset manager's investment objective is to make mid-market growth equity investments into financial services and technology such as payments, credit and savings, insurance, technology enablers and service providers and capital markets located in Africa and Asia.

Reference - https://www.business-standard.com/article/companies/apis-partners-to-launch-new-funding-to-invest-in-social-impact-firms-118060400086_1.html