Apis Growth Fund II LP
Introduction
Apis Growth Fund II is an equity fund targeting companies providing financial services, often with a technology component, in countries in Africa and South Asia.
Swedfund's investment contributes to financial inclusion by increasing access to mobile payment, savings and insurance services, which have a direct and measurable impact on economic growth and development in the markets concerned and particularly on the financial sector. This will enable more people to access financial services, leading to increased financial inclusion.
Co-investors include BII, DEG, IFC and Proparco.
Facts
SDG in focus
No Poverty
End poverty in all its forms everywhere.
Decent Work and Economic Growth
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.
Reduced Inequalities
Reduce inequality within and among countries.
Sector
Financial inclusion & MSME financing
Swedfund’s investments in Financial Inclusion are made in regulated banks and microfinance institutions in order to increase access to debt capital for entrepreneurs, MSMEs and low-in come earners, or in local investment platforms, local companies or through so-called private equity funds to increase access to equity capital for MSMEs.
Value creation
Our Impact
The investment contributes to sustainable private sector development and economic growth, and to developing the region’s digital ecosystem. The investment contributes to increased financial inclusion as well as to jobs and other income-generating opportunities locally. Issues relating to increasing women’s economic empowerment are also central.
ESG
We are working closely with the fund manager to develop their climate and gender equality policy.
Additionality
Our investment is financially additional as it is made in a difficult context with high risks, high rates of poverty and where access to capital is limited. The investment is expected to help mobilise capital. The investment is value additional through a strong focus on active value creation during the investment phase, where environmental, sustainability and corporate governance issues are prioritised.