SC Ventures and Yabx Invests $10M in Furaha to Transform Education Financing in Africa
SC Ventures and Yabx Technologies have jointly invested $10 million in Furaha, a lending platform focused on education financing in sub-Saharan Africa. SC Ventures contributed $7 million, while Yabx provided technology transfer to support this purpose-driven initiative.
SC Ventures, Yabx invest $10mn in DIFC-headquartered Furaha to drive education financing in Africa
The platform is to commence its operations with education finance, and will start with Uganda as its first market.
SC Ventures and Yabx, a Tech Mahindra Group company, invest $10 Million to setup Furaha and expand access to purpose-driven financing in Africa
Furaha combines SC Ventures’ global expertise and risk management capability with Yabx’s future-ready tech and alternate lending platform.
SC Ventures and Yabx, a Tech Mahindra Group company, invest $10 Million to setup Furaha and expand access to purpose-driven financing in Africa
Furaha combines SC Ventures’ global expertise and risk management capability with Yabx’s future-ready tech and alternate lending platform Furaha offers purpose-driven loans centred around education, gender and other responsible lending pillars for African markets SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, and Yabx Technologies (Netherlands) B.V.