LeapFrog Invests US$25 Million in AFB Mauritius (Sub-Saharan Africa)
Source: LeapFrog Investments
Emerging markets financial services investor LeapFrog Investments has invested US$25 million in AFB Mauritius (afb), a Mauritius-based financial technology company serving consumers and small businesses. The investment was structured through LeapFrog Financial Inclusion Fund II. Afb is active in Kenya, Zambia and Ghana, with plans to expand to adjacent markets in Sub-Saharan Africa.