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 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.