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APIS GROWTH FUND III

Summary sheet

Release date
14 April 2023
Status
Reference
Under appraisal | 27/03/2023
20230051
Project name
Promoter - financial intermediary
APIS GROWTH FUND III
APIS PARTNERS LLP
Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
USD 60 million (EUR 55 million)
USD 1000 million (EUR 918 million)
Location
Sector(s)
Description
Objectives

The project consists in a growth stage equity fund investing in companies providing innovative financial services solutions in Africa and Asia.

Through a participation in the Fund, the EIB will help the fund manager to further establish its position as an investor in the field of innovative provision of financial services. The fund will provide equity financing to high growth companies active at all levels of the financial services sector. These include payments, credit and savings, insurance, technology enablers as well as service providers and capital markets, ultimately fostering financial inclusion in Africa and Asia.

Environmental aspects
Procurement

The EIB will ensure that the project meets the EIB's environmental, social and governance (ESG) standards. Furthermore, the fund manager has developed a fully integrated ESG management system to assess, manage and monitor ESG issues at all stages of the investment process.

N/A

Milestone
Under appraisal
Link to source
Summary sheet
APIS GROWTH FUND III

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

General enquiries and comments

The EIB is committed to open communication and encourages constructive stakeholder input regarding its activities.
Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

Media enquiries

Media-related enquiries can be addressed to the EIB Press Office. Please also visit our Media information section.

Complaints mechanism

Any complaint regarding alleged maladministration can be lodged via the EIB Complaints Mechanism. The European Ombudsman acts as an independent external accountability mechanism of the EIB.

Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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