Swedfund Invests Eur 26 M In Africinvest's Five To Expand Access To Finance In Africa

Swedfund , Sweden's development finance institution, has committed EUR 26 M USD 28.2 M in AfricInvest's Financial Inclusion Vehicle FIVE , an investment vehicle designed to strengthen financial institutions across Africa and bring banking services to people and businesses who've been left out of the formal financial system.

The investment is part of Swedfund's broader strategy to promote inclusive finance by strengthening the capacity of local financial institutions.

It comes after the institution also announced a EUR 15 M USD 16.3 M investment in AfricInvest's Small Cap Fund , which targets small and medium-sized enterprises SMEs across the continent. Together, these investments reflect a growing push to unlock capital for underserved entrepreneurs and deepen long-term economic inclusion in Africa.

FIVE was launched by Pan-African private equity firm AfricInvest in 2017 to support Tier II and Tier III financial institutions, those that often serve SMEs, unbanked populations, and low-income individuals.

Swedfund's latest investment into the platform aims to increase access to financial services for underserved individuals and small businesses, with a focus on digital innovation, economic empowerment and inclusion.