Enabling greater access to finance for rural SMEs
Our financing facility provides debt to early-stage digital innovators, based in sub-Saharan Africa, who are enabling greater access to finance for rural SMEs.

Our capital will act as a bridge to allow start-ups to reach future funding rounds and grow their success
A different kind of financing
Our goal is to see a thriving and well-funded ecosystem around rural focused small and medium-sized enterprises across Africa.
It is an exciting time for business and innovation in Africa, but currently there are insufficient debt products to meet this growing demand, particular for new and emerging business models that are powered by technology.
- We will provide funding for loan books for early-stage companies
- We will do this using a simple debt product, enabling founders to keep their precious equity
- We will be quick and responsive to the needs of entrepreneurs

A different kind of financing
Our goal is to see a thriving and well-funded ecosystem around rural focused small and medium-sized enterprises across Africa.
It is an exciting time for business and innovation in Africa, but currently there are insufficient debt products to meet this growing demand, particular for new and emerging business models that are powered by technology.
- We will provide funding for loan books for early-stage companies
- We will do this using a simple debt product, enabling founders to keep their precious equity
- We will be quick and responsive to the needs of entrepreneurs

Investment Portfolio

Comana
Country
Kenya & Nigeria
Invested
May 2024
Coamana’s mission is to improve market efficiency by supporting farmers and businesses with access to market trade services, financing and fulfilment solutions in Africa’s physical market hubs. With operations in Kenya and Nigeria, Coamana are a true tech trailblazer in digitising physical market hubs and food systems in Africa.

Proboutik
Country
Senegal
Invested
December 2023
PROBOUTIK is an invoice lending management platform for informal micro-businesses and SMEs in francophone West Africa. It extends credit for its clients’ receivables, allows the micro-businesses to keep a record of all store credit extended, and facilitates transparency for all parties. EAFF is very excited to be a part of its growth story along other Africa-based investors. We are delighted to be supporting their work expanding into the horticulture value chain in Senegal, as well as facilitating a growth into rural areas.

Credify
Country
Uganda
Invested
January 2025
Credify Africa is on a mission to make trade seamless and transparent for exporters and importers across the continent. The company is tackling one of the biggest challenges faced by African SME importers: lack of access to trade finance. The innovative, technology-enabled product empowers SMEs by providing an integrated solution that seamlessly combines trade financing, real-time cross-border payments, freight forwarding and customs support services.
Their approach not only drives economic empowerment but also fuels sustainable growth in critical industries like agriculture, retail and machinery components.

Pumpkn
Country
South Africa
Invested
November 2024
Pumpkn is a South African digital-first lender supporting SMEs operating in the agri and food value chain. Their USP is their “funding ladder”, a structured loan scaling algorithm where SMEs access larger and longer-term financing, progressively. It is an exciting and novel approach to developing a deep understanding of an SMEs credit risk while lending.

Lendha
Country
Nigeria
Invested
January 2024
Lendha is a cutting-edge fintech company providing access to finance for MSMEs in Nigeria. Lendha’s financial operating system for offline businesses in Africa, provides a seamless collateral-free credit, a business account and a bookkeeping tool for expense management. We are excited to support their continued expansion into rural areas and their work with farmers and small agribusinesses.

Sevi
Country
Kenya
Invested
November 2023
Sevi is an innovative B2B platform in the Buy Now Pay Later (BNPL) space, working with a range of SMEs to provide supply chain financing. Sevi enables MSME buyers and sellers to buy stock on credit quickly and conveniently. Their app helps businesses streamline their supply chain, simplify online transactions, and free up time, resources, and capital for other aspects of their operations. With about 30% of their current end customers in rural areas and a strong pipeline focused on enrolling rural/agri anchor partners, Sevi is a great example of the type of early-stage venture EAFF wants to invest in.

Liquify
Country
Ghana & UK
Invested
October 2024
Liquify is a transformative player in trade finance for African SME exporters, particularly in the agricultural sector. The Company’s mission is to empower small and medium-sized enterprises, that are trading with multinational buyers, with direct access to affordable working capital allowing them to optimise their cash flow, strengthen relationships with their stakeholders and expand into new markets.

Vetsark
Country
Nigeria
Invested
April 2024
Vetsark is an agtech company that helps farmers and agribusinesses in Africa access finance, increase productivity, and improve their profitability. They unlock the potential of African agriculture by providing farmers and agribusinesses with the financing they need to grow their businesses, alongside supporting farmers to source inputs and sell their products at a fair price.

Patasente
Country
Uganda
Invested
November 2023
Patasente is a tech-enabled procurement, payments, and factoring platform that enables sellers and buyers to trade on favourable payment terms. Patasente works with actors across the Ugandan agriculture value chain, including farmers, aggregators, and processors. EAFF is delighted to be a part of its growth story enabling it to continue growing and scaling its impact.
The right fit
We are focused on supporting companies that enable their customers and clients to thrive. If you can say yes to these questions then we want to hear from you:
- Are you a digital innovator offering credit with a rural/agri focus?
- Are you focussed on sub-Saharan Africa?
- Have you undertaken a pilot and achieved product-market fit?
- Are you at pre-Seed/Seed stage, requiring $50-$250k to grow your credit offerings to clients?
Please fill out the following details and attach a presentation about your company/the investment opportunity. Only applications with these documents will be considered and we will respond to you as soon as we can.
Thank you for considering us as a partner.

Working / Partnering with us
We are actively working with partners in the ecosystem to solve the funding gap that is needed to enable access to finance within this sector. If you are an incubator, accelerator, venture builder, co-investor or funder – or are just interested in our work – please get in touch.
We are excited to build partnerships to expand our pipeline and work with other investors.

Who we are
Alex Simuyandi
Principal
Alex is a Principal at Emerald Africa Financing Facility. He has nearly 20 years’ experience of work in agriculture, tech and investing, He has co-founded and worked in tech start up ventures in Africa, and has spent most of the last ten years focussed on increasing the availability of appropriate financing in Africa, particularly in agriculture.
Abena Opoku-Acquah
Investment Manager
Abena is an Investment Manager at Emerald Africa Financing Facility. She has nearly a decade of private equity and investment banking experience and has worked with companies across the African continent, in a broad range of industries. Her areas of interest are technology, early-stage businesses and inclusive finance.
Dublin 2, D02 VE40
Ireland

Our financing facility provides debt to early-stage digital innovators, based in sub-Saharan Africa, who are enabling greater access to finance for rural SMEs. Emerald Africa Financing Facility is incubated by Small Foundation.
© Small Foundation 2023. | Company Registration Number 447577 | Registered Charity Number: CHY 17841 & 20067151 | Design by Imprint

Our new financing facility provides debt to early-stage digital innovators, based in sub-Saharan Africa, who are enabling greater access to finance for rural SMEs.
1-2 Cavendish Row
Dublin 1, D01 K883
Ireland
© Small Foundation 2023. | Company Registration Number 447577 | Registered Charity Number: CHY 17841 & 20067151 Design by Imprint