Startups
GroFin is a pioneering private development finance institution specialised in financing and supporting small and growing businesses (SGBs) across Africa and the Middle East by combining medium term loan capital and value-added business support.
GroFin’s business model is based on our commitment to provide our clients with support beyond finance. A deep understanding of the factors that drive SME success is central to this model, as is the steadfast belief that SME success leads to impact success.
Since its inception in 2004, GroFin has invested in 735 SMEs and sustained nearly 90,000 jobs. Headquartered in Mauritius, we offer financing and support to SGBs in 14 countries in Africa and the Middle East. We focus on small businesses operating in education, healthcare, agri-processing, manufacturing and key services (water, energy and sanitation).
GroFin’s business model is based on our commitment to provide our clients with support beyond finance. A deep understanding of the factors that drive SME success is central to this model, as is the steadfast belief that SME success leads to impact success.
Since its inception in 2004, GroFin has invested in 735 SMEs and sustained nearly 90,000 jobs. Headquartered in Mauritius, we offer financing and support to SGBs in 14 countries in Africa and the Middle East. We focus on small businesses operating in education, healthcare, agri-processing, manufacturing and key services (water, energy and sanitation).
Overview
Location
Mauritius, Black River, Bambous
Employees
51-200
Total raised
$10M
Founded date
2004
Funding Rounds 1
| Date | Series | Amount | Investors |
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Mentions in press and media 8
| Date | Title | Description |
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| Jul 19, 2019 | Everything you need to know about West African startup landscape [2019 Update] | Update: Are you a venture capitalist or an angel investor looking to invest in a company? Are you an entrepreneur looking for capital or other opportunities? Are you an aspiring startup owner looking for assistance? Well, you have come to t... |
| Sep 24, 2018 | Here’s what you need to know about Kenya’s tech startup ecosystem | Are you a venture capitalist or an angel investor looking to invest in a company? Are you an entrepreneur looking for capital or other opportunities? Are you an aspiring startup owner looking for assistance? Well, you have come to the right... |
| Sep 24, 2018 | Here’s what you need to know about Kenya’s tech startup ecosystem | Are you a venture capitalist or an angel investor looking to invest in a company? Are you an entrepreneur looking for capital or other opportunities? Are you an aspiring startup owner looking for assistance? Well, you have come to the right... |
| Jun 8, 2018 | Here’s what you need to know about Nigeria’s tech startup ecosystem | Are you a venture capitalist or an angel investor looking to invest in a company? Are you an entrepreneur looking for capital or other opportunities? Are you an aspiring startup owner looking for assistance? Well, you have come to the right... |
| Jun 8, 2018 | Here’s what you need to know about Nigeria’s tech startup ecosystem | Are you a venture capitalist or an angel investor looking to invest in a company? Are you an entrepreneur looking for capital or other opportunities? Are you an aspiring startup owner looking for assistance? Well, you have come to the right... |
| Sep 25, 2015 | $100m fund launches to catalyse African entrepreneurship, job creation | A fund worth a whopping US$100-million has recently been announced to support nearly 1 000 entrepreneurs in Africa. The second of its kind within the last year or so, the so-called GroFin Small and Growing Businesses (SGB) Fund seeks to cat... |
| Sep 25, 2015 | $100m fund launches to catalyse African entrepreneurship, job creation | A fund worth a whopping US$100-million has recently been announced to support nearly 1 000 entrepreneurs in Africa. The second of its kind within the last year or so, the so-called GroFin Small and Growing Businesses (SGB) Fund seeks to cat... |
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FAQ about GroFin
When was GroFin founded?
GroFin was founded in 2004.
How much funding has GroFin raised?
GroFin has raised $10M in total across 1 funding round.
What has the press written about GroFin?
Parsers VC has collected 8 articles mentioning GroFin, among them “Everything you need to know about West African startup landscape [2019 Update]” (Jul 19, 2019) and “Here’s what you need to know about Kenya’s tech startup ecosystem” (Sep 24, 2018).
Is GroFin still active?
Yes, GroFin is active; its latest activity on Parsers VC dates from Jul 19, 2019.