Ed Partners Africa has raised 205-milion Kenyan shillings (US$1.9-million) to expand its financing capabilities to private schools in Kenya. Ed Partners Africa is a non-banking financial institution that transforms the education sector through working with school owners of affordable schools by providing financial solutions such as bridge loans and flexi-loans.
Ed Partners Africa raised its funding from Investisseurs & Partenaires (I&P), Acumen and Zephyr with participation from existing investors. The investment by the I&P was through the I&P Afrique Entrepreneurs Fund 2 which aims to invest in equity and quasi-equity as a minority shareholder in 30 to 40 startups and businesses located in Sub-Saharan Africa and the Indian Ocean. I&P Afrique Entrepreneurs intends to create an investment hub in East Africa by opening a new office in Nairobi. The fund targets a large range of sectors that significantly contribute to the achievement of the Sustainable Development Goals (SDGs) within agri-business, health, construction industry, renewable energy, microfinance, industry, B2B products and services.