Baobab Group is a prominent digital finance group committed to fostering financial inclusion across Africa and China. Founded in 2005 by CEO Arnaud Ventura, the company has made significant strides in this mission. With a workforce of over 3,800 people and a presence in more than 1,000 locations in various countries including Madagascar, Senegal, Nigeria, Ivory Coast, Mali, Zimbabwe, Burkina Faso, Tunisia, Democratic Republic of Congo, and China, Baobab has played a pivotal role in delivering financial services to underserved populations. Since its inception, the group has facilitated over EUR3Bn in loans to individuals and micro, small, and medium-sized enterprises, empowering numerous individuals to realize their potential. The company has garnered attention and support, receiving a grant investment on 26th October 2018 from the Mastercard Foundation Fund for Rural Prosperity. Baobab Group's steadfast dedication to financial inclusion, coupled with its impressive track record and strategic partnerships, makes it a compelling investment opportunity in the finance, financial services, and fintech industries. Its extensive reach and impact position the group as a key player in driving inclusive financial growth in these markets.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Grant | Unknown | 1 | Mastercard Foundation Fund for Rural Prosperity | 26 Oct 2018 |
Private Equity Round | €34.60M | 4 | IFU, European Investment Bank +1 | 20 May 2016 |
Funding Round | €31.50M | 3 | IFU, European Investment Bank +1 | 23 Mar 2015 |
Private Equity Round | €8.40M | - | 12 Dec 2013 | |
Private Equity Round | €7.30M | 2 | Developing World Markets, AXA Group | 10 Feb 2010 |
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