Cordaid
Grote Marktstraat 45, The Hague, Zuid-Holland, 2511 BH, The Netherlands
Overview
Social Adventure is made possible by Cordaid. Cordaid believes in joining forces with people who want to achieve social impact. More and more organizations and initiatives put a social enterprise here or in a developing country, with the aim to reduce poverty and unemployment and strengthen vital communities. Cordaid offers these social enterprises and initiatives, financial support, advice and guidance, and connects them to the right people, in the Netherlands or on location.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Charity
- Communities
- Emergency Medicine
- Health Care
- Non Profit
- Social Impact
Investment portfolio
- Qotto
Participated · Series A · Feb 2023
Qotto designs and distributes standalone solar kits and lanterns to individuals living in the least electrified regions of Africa using a pay-to-own model. The company currently operates in Burkina Faso and Benin and plans to scale in those markets while entering Ivory Coast next month. Qotto and lead investor IBL are also drawing a roadmap to expand into East Africa by September. The business is expanding its product set to include financial services (micro-insurance, micro-credit and micro-savings) and internet access hotspots. Qotto says its revenue has grown 50% year-on-year and it had 11,000 active customers by the end of last year, with a plan to more than double that figure by year-end. The company describes its evolution into an all-rounded essential services operator backed by a proprietary technology stack and aligned with SDG impact goals.
Team
No current team members are available.