British International Investment

Apis Growth Fund II LP

AfricaEgyptIndiaIndonesiaSingaporeSouth AfricaAfricaAsiaBusiness and consumer servicesFinancial services

Mid-cap financial services focused fund investing in Africa and South Asia

This investment was made when British International Investment was named CDC Group.

Reporting and Complaints Mechanism

The Reporting and Complaints Mechanism allows anyone outside BII to report alleged breaches of the business integrity or environmental and social provisions of BII’s Policy on Responsible Investing. This includes breaches made by BII, a BII investee, or a portfolio company of a fund in which BII has invested. The Reporting and Complaints Mechanism Rules are available here. Reports and complaints can be submitted by email to reportsandcomplaints@bii.co.uk or by mail. See more details on our Reporting and Complaints Mechanism here.

For any other general enquiries contact us at enquiries@bii.co.uk

  • Key facts

    Last updated

    When the last quarterly update of the website database occurred.

    :
    December 2024
    Project number

    An identifier number shared by investments in the same project.

    :
    D3320
    Status

    The current status of the investment (green flag for active and red flag for exited).

    :
    Active
    Region

    The geographical region where the country is located. We currently invest in Africa, South Asia, South East Asia and the Caribbean. In 2023, BII’s investment mandate was extended allowing it to invest in regional funds linked to Ukraine, with the majority of activity expected to begin post-war. Investments outside these regions were made prior to 2012 under previous investment mandates.

    :
    Africa, Asia
    Sector

    We prioritise those sectors that facilitate development and need our capital the most. Our priority sectors contribute towards many of the Sustainable Development Goals. They range from investing in the power infrastructure that will provide people with better access to electricity, to investing in financial institutions that direct capital to the individuals and businesses that need it the most.

    :
    Business and consumer services, Financial services

    We provide capital in the following ways: directly – through direct equity, direct debt, guarantees and other non-intermediated financial instruments; and indirectly – principally through investment funds.

    For direct investments and fund investments, this is the date BII committed capital to the investments. This is typically the date on which legal agreements are signed by all parties.

    For the portfolio companies of our fund investments, this is the date (either the month or the quarter) on which the fund committed capital to the portfolio company.

    For direct equity investments, this is the date at which British International Investment exited the investment.

    For debt investments, this is the date at which the final debt repayment was made.

    For funds, this is the date at which the fund was terminated.

    For underlying fund investments, this is the date at which the fund manager exited the investment.

    The total amount committed, per financial instrument, per investment, on the date BII becomes subject to a binding legal obligation to provide funding or assume a contingent liability. This information is provided in US dollars.

    For direct investments, this is the amount that BII has committed to the business or project. For fund investments, this is the amount BII has committed to the fund.

    The currency in which the investment was made.

    Investment type :
    Fund
    Start date :
    March 2019
    Amount :
    $50m
    Currency of investment :
    USD
    Fund manager:
    Apis Partners
    Domicile

    The company or investment fund’s place of incorporation.

    :
    United Kingdom

Investments made by this fund into companies:

For further information about these companies, visit http://apis.pe/

Investment name Country Region Sector Start date Status
Baobab Payments GmbH (Peach Payments) South Africa Southern Africa Financial services April 2023 Active
CashFree India South Asia Financial services November 2020 Active
Coda Payments Singapore Rest of the World Financial services November 2019 Active
Doku Indonesia Rest of the World Financial services June 2021 Active
DTOne Africa Africa Business and consumer services June 2022 Active
Gift Management Asia Pte Ltd Singapore Rest of the World Financial services December 2021 Active
Hero FinCorp Limited India South Asia Financial services February 2020 Active
LendTech Investment Holdings Pte. Ltd. (Ezra) Africa Africa Financial services June 2022 Active
MNT-Halan Egypt North Africa Financial services August 2021 Active
RenewBuy India South Asia Financial services June 2021 Active
Tutuka South Africa Southern Africa Financial services August 2019 Active
Tyme Bank Limited South Africa Southern Africa Financial services January 2021 Active
WHIZDM Money View India South Asia Financial services January 2023 Active

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