LeapFrog Investments is investing US$25m in AFB Mauritius Limited (“afb”). afb is a disruptive financial technology platform that offers life-changing financial tools to financially-excluded consumers and small businesses in sub-Saharan Africa. afb partners with mobile operators and retailers to reach this vast, untapped market. afb is growing rapidly, and already reaches some one million people in sub-Saharan Africa; this investment will accelerate the impact of the business across the region. This is LeapFrog’s fourth investment from a US$400m fund, which has up to $200m to allocate to pioneering financial services providers in Africa.
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