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SC Ventures and Yabx invest $10 Million in Furaha to Expand Access to Purpose-Driven Financing in Africa
Contract Type
partnership
Puneinformation technology & servicesDescription
SC Ventures and Yabx Technologies have partnered to invest $10 million in Furaha, a purpose-driven lending platform aiming to make finance accessible across sub-Saharan Africa. Furaha combines SC Ventures’ global expertise and risk management capability with Yabx’s future-ready tech and alternate lending platform, offering purpose-driven loans centred around education, gender, and other responsible lending pillars for African markets. The partnership formalizes their joint investment in Furaha, which has its first offering in the education financing space.