Nigeria’s Interswitch secures US$110M funding from LeapFrog and Tana Africa

NIGERIA –Africa’s top technology-driven enterprises focused on payment digitization, Interswitch has secured US$110 million in joint investment from LeapFrog investments and Tiana Africa Capital. The digital payment company is Africa’s second unicorn, and its latest investment will help it to scale digital payment services across the continent. This news is coming almost three years since Interswitch’s last disclosed funding round…

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Prudential Financial, LeapFrog to acquire strategic minority interest in Alexander Forbes

SOUTH AFRICA – Prudential Financial, a financial service provider, in partnership with LeapFrog Investments Group, has announced its intention to acquire a strategic minority interest in Alexander Forbes Group Holdings Limited (AFH). AFH is a leading provider of financial advice, retirement, investment, and holistic wealth management services in South Africa. The transaction builds upon Prudential Financial’s partnership with LeapFrog Investments…

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Investment firm LeapFrog acquires 16% stake in Fidelity Bank Ghana

GHANA – LeapFrog Investments, a Profit with Purpose investment firm, has acquired a 16.94 per cent stake in Ghana’s largest privately-owned bank, Fidelity Bank Ghana Limited. LeapFrog has acquired the stake from Amethis, an investment fund manager dedicated to the African continent and Edmond de Rothschild Equity Strategies (ERES), a mid-cap growth and buy-out franchise affiliated with the Edmond de…

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