Private equity firm TLG Capital invests in Branch Nigeria to improve financial inclusion
Monday, 11 November 2019 15:35
Branch Nigeria, a fintech company that grants loans between 1,000 Naira and 200,000 Naira repayable over a period of 4 weeks to 15 months, will receive an equity investment from TLG Capital, a London-based private equity firm. The operation will be carried out via a Credit Opportunities Fund owned by TLG and focused on companies established in its main operating markets.
Maria Rotilu, CEO of Branch Nigeria, said “Over 800,000 Nigerians have accessed capital via Branch’s Android app to fuel micro-business growth or invest in their family’s wellbeing. We are delighted to partner with TLG to further access capital in Nigeria.”
The initiative represents TLG Capital's 25th investment in Africa and its 6th in the financial services sector in Nigeria. In June 2018, local media reported that Branch Nigeria had granted more than 100,000 loans, for a total amount of 1 billion Naira.
The company, which began its operations in Nigeria in 2017, is a subsidiary of the American fintech Branch International Inc. also present, on the continent in, Kenya.
Chamberline Moko
Live News
-
African artists face a ‘geographic penalty’ in streaming payouts despite 22% revenue growth
18:47
-
Ethiopia to Reopen Talks on $1 Billion Eurobond Restructuring After Creditor Concerns
18:43
-
Crypto Sovereignty Was CAR’s Goal. A Report Says Crime Risks Took Hold Instead
18:40
-
Halima Gadji, between the glare of fame and the darkness backstage
18:35
-
Cameroon Ratifies Air Deal With Qatar, Opening Market to Qatar Airways
17:51
-
State Oil Firm SNH Reshuffles Leadership, Names Five Women to Senior Roles
17:48
-
Chinese Addax Petroleum accounts for about 30% of Cameroon oil output in 2025
18:02
-
Cameroon plans CFA4bn investment to improve Memve’ele hydropower reliability
17:53
-
Morocco Signs Three Deals to Strengthen Digital Offshoring
13:51
-
Khouloud Abada Launches RenYou to Streamline Skin Health Follow-Up
13:08
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Circular migration is based on structured, value-added mobility between countries of origin and host...
Urban employment reached 53.7% in WAEMU in early 2025 Most jobs remain informal, low-paid, and in...
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and ex...
CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...
Touted as a tool of emancipation, blockchain was meant to give the Central African Republic a new form of economic and digital independence. In practice,...
Ethiopia is placing technical and vocational training at the core of its growth strategy The policy targets youth employment amid high urban...
Madagascar accounts for nearly 60% of Africa’s clove output and export earnings Tanzania and Comoros rely heavily on cloves as key agricultural export...
Health developments range from the official end of the Marburg outbreak in Ethiopia to the launch of a central health data repository by Africa CDC. At...
Streaming dominates music, reshaping royalties and artist income worldwide Sub-Saharan Africa grows fast, but payouts stay far lower Platform, region,...
Halima Gadji, the actress behind Marème, one of the most striking characters in the history of Senegalese television, has died. She was laid to rest on...