African Assure Fund (AGF),a market-friendly assure scheme that goals at easing entry to finance for African small SMEs has immediately partnered with Frankfurt-based bettervest, a crowdfunding platform, to extend financing of sustainable SME tasks in Africa.
The AGF, designed and funded by the AfDB in partnership with the governments of Denmark and Spain, seeks to offer monetary ensures to monetary establishments to stimulate financing to SMEs and unlock their potential to ship inclusive development within the area.
Talking on the brand new partnership, AGF Group CEO Jules Ngankam stated, “Partnering with a crowdfunding platform and Fintech is in keeping with our technique for the approaching years and represents a singular growth alternative for revolutionary financing. By our risk-sharing mechanism, the partnership with bettervest may have a constructive impression on Africa’s inexperienced financial transition.”
“By cooperating with the African Assure Fund, now we have come a lot nearer to our aim of additionally letting our traders profit from the precious instrument of a default assure and thus maybe directing extra investments to the African continent. This partnership is a milestone for our firm”, says Marilyn Heib, CEO of bettervest GmbH.
The intention of this partnership is to additional enhance the attractiveness of impression investments, which due to this fact makes a beneficial contribution to the planet and its folks. As with every sort of funding, impression investing is just not freed from dangers. If a venture fails, the worst-case situation is the lack of the funding quantity. The partial assure offered by African Assure Fund will assist to mitigate the chance of default.