Note that Verdant Capital serves as Tugende’s financial advisor and arranger for its equity and debt capital raises
Deals and Investment
Let’s Tell you about Sawari Ventures, the Egyptian VC Firm that Raised $63.8M for innovative MENA Startups
In total, Sawari Ventures has raised the sum of $121 million, according to Crunchbase. It has also invested in about 30 startups which are located mainly in the Middle East and North Africa (MENA) region.
“With today’s announcement we are pleased to welcome Mastercard as an investor in our mobile money business, joining The Rise Fund which we announced two weeks ago…”
This debt restructuring plan sees an injection in fresh money funding from Smile’s majority shareholder, the Al Nahla, and rescheduling on debt repayment until post-March 2022.