SunKing
February 2024 · KenyaDebt7 M$Senior debtEnergyLead
Activity : Off-grid solar and solar kits
Kenyan Off-Grid Solar Energy Company SunKing Raises USD 7 M Debt Funding.
Source : weetracker.com
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Lendable
Public data, unclaimed profileInvestisseur référencé à partir d'opérations publiées. Secteurs, pays, instruments et tickets affichés d'après ses opérations ; le fonds peut revendiquer sa fiche pour préciser sa thèse.
At a glance
Based on observed investment behaviour: 2 recorded deals
- Investor type
- Private equity or venture capital fund (inferred, not verified)
- Capital type
- Private credit (inferred from profile)
- Observed ticket
- 7 M$, median 7 M$ (1 disclosed amount)
- Countries
- Kenya (1), Senegal (1)
- Activities
- Off-grid solar and solar kits (1), Payments and mobile money (1)
- Instruments
- Senior debt (2)
- Stages
- Debt (1), Growth (1)
- Recent activity
- 0 deal in 12 months, latest Feb 2024
Stated thesis versus observed behaviour
Fewer than three recorded deals: insufficient evidence to compare thesis and behaviour.
Does this fund fit your project?
Describe your need: the target list shows, for each source of capital, why it fits and which deals prove it.
Investment thesis
Criteria inferred from recorded deals: the fund has not stated its thesis yet.
- Investment ticket
- 7 M$*
- Instruments
- Senior debt*
- Preferred sectors
- Energy*, Fintech*
- Target geographies
- Kenya*, Senegal*
- Stages (stated by the fund and from its deals)
- GrowthDebt
* added from its deals
Reference deals
Recent public deals: they say better than a thesis what the fund actually signs.
Wave Mobile Money
July 2022 · SenegalGrowthUndisclosed amountSenior debtFintechCo-Invest
Co-investor alongside IFC (International Finance Corporation)
Activity : Payments and mobile money
Instrument : Financement de 90 M EUR, dont 25 M EUR pour compte propre d'IFC
Wave operates mobile-money services in Senegal and Côte d'Ivoire. The financing supports operational expansion, broader product offerings and customer growth.
Why they invested
- Expanding digital financial services
- Reducing the cost of mobile-money services
- Deepening the product offering
- Expanding the customer base in Senegal and Côte d'Ivoire
Co-investors BlueOrchard, Finnfund, Norfund, responsAbility, Symbiotics
Source : ifc.orgN1 · Primary source
In short
Lendable invests tickets ranging from 7 M$ to 7 M$, across the following sectors: Energy and Fintech, in the following areas: Kenya and Senegal. Check in 30 seconds whether your company fits these criteria.