GreenTec Capital Partners
Carl von Noorden Platz 5, Frankfurt am Main, Hessen, 60596, Germany
Overview
GreenTec Capital Partners is a long-term investor that joins forces with startups from the proof of concept stage onwards and SMEs. Hereby they target under the radar companies with a sustainable business model to create exclusive investment opportunities with economic, social and/or environmental impact in Africa. Their team of experts joins the operational team of each companies and focuses on improving the respective operational activities to foster the chance of a sustainable success. They fund and/or facilitate access to adequate funding opportunities that are fitting each company’s individual stage of evolution (development / expansion / growth). Instead of straining the cash positions, they favors “work for equity” deals to build up a dynamic portfolio and create economic value for their partners. Since they are looking for long-term investment and business partners, they expect their portfolio companies’ strategies to fit into their own strategy. They know-how allows us to structure their own fund vehicle with professional partners in order to provide a diversified solution to specific investors. Therefore we structure a portfolio of early stage investments and continuously build a track record (target investment time >3 years) to make it attractive for external parties.
- Total investments
- 1
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 3
Sector focus
- Business Development
- Financial Services
- Social Network
- Venture Capital
Investment portfolio
- Asilimia
Participated · Debt Financing · Nov 2021
Asilimia provides the Leja app, which enables traders to make mobile money transactions without transfer fees while offering bookkeeping and inventory-management features. The platform aggregates transactional and cash-flow data and Asilimia plans to use those signals to build credit-scoring models for lending to MSMEs. A typical user makes about three transactions per day; the business reports roughly 27,000 users and about $20 million in total transactions, with growth of about 30% week on week. The company says it will extend loans and airtime top-up credit (at no interest) to traders based on app data. Asilimia has participated in Station F and the Norrsken Impact Accelerator programs. It plans to hire talent, fine-tune its technology, and expand into another market in East Africa and beyond. Asilimia provides small businesses with transaction-free mobile-money payment capabilities and access to adjacent financial services, including insurance. The startup was founded in 2017 and is based in Nairobi. It aims to expand its customer base and scale operations to Kenyan cities Nakuru and Mombasa. Management is pursuing regional growth, planning a likely expansion into Uganda (with a potential UAP Insurance Uganda pilot) and considering Nigeria next. Asilimia recently received funding and is actively raising an additional $500,000. The company graduated from Startupbootcamp AfriTech, which the founders say helped prepare them for investment and improved investor response.