Wallets Out

Exclusive: Mahindra’s Yabx mandates Verdant Capital to raise equity for Nigeria growth

By David Whitehouse

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Posted on January 5, 2023 10:55

Mahindra Group’s Yabx fintech has mandated South African investment bank Verdant Capital to seek funding to back the company’s west Africa expansion, Yabx CEO Rajat Dayal tells The Africa Report.

The equity raise starts this month and is planned to run until June. The amount of $20m to $25m which is being sought could come from either a single investor or a consortium, Dayal says.

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