4G Capital has secured a $2 million strategic investment from GIF Growth to help it scale its lending operations and deepen financial inclusion across East Africa.
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Since 2013, 4G Capital has disbursed more than $800 million in loans to over 755,000 customers. The company has also issued 6.8 million loans to date and is on track to surpass $1 billion in total lending later this year.
The company will use the new funding to enhance this model, invest in digital infrastructure and strengthen strategic partnerships that will help improve service delivery and operational scale.
GIF Growth focuses on providing flexible debt financing to high-impact, early growth-stage businesses across Africa and Asia. The fund channels capital from development finance institutions backed by governments including the US, UK and Canada, as well as corporate partners such as Unilever.
Speaking on the investment, 4G Capital Founder and Executive Chairman Wayne Hennessy-Barrett said the partnership would help expand access to working capital and training, particularly for women- and youth-led businesses. “We are delighted to partner with the Global Innovation Fund. This investment provides us with the right kind of capital to scale our model sustainably and expand access to working capital and training for underserved entrepreneurs, particularly women and youth-led businesses,” he said.
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