Norfund, the Norwegian investment fund specializing in developing markets, has invested $20 million in Apis Growth Markets Fund III, managed by UK-based Apis Partners, to support fintech startups in developing economies. The investment aligns with Norfund’s strategy to enhance financial inclusion in underserved regions like sub-Saharan Africa and Southeast Asia. By focusing on digital lending, neo banking, and payment systems, Norfund aims to provide significant financial backing to promising fintech companies during their growth phases, fostering innovation and accessibility.
Norfund Invests $20 Million in Apis Growth Markets Fund III to Propel Fintech Expansion in Developing Economies
