Yeelen Financial Fund has invested FCFA 5 billion in MANSA BANK, aimed at strengthening its equity capital and supporting its growth initiatives in Côte d'Ivoire.
Target Information
MANSA BANK, established in Côte d'Ivoire in 2020, is a rapidly growing financial institution recognized for its robust market understanding and innovative approach. Despite being a newcomer in the banking sector, the bank has successfully achieved growth milestones that would typically take much longer for its peers. This achievement is attributed to its focus on catering to the financial needs of small and medium-sized enterprises (SMEs) and enhancing its operational processes through automation and digitization.
The bank's commitment to prudent financial management and strategic growth planning positions it favorably in the competitive landscape of Ivorian banking. The recent investment from Yeelen Financial Fund aims to further solidify its capital base, ensuring the sustainability of its ambitious growth trajectory.
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Industry Overview
The financial sector in Côte d'Ivoire is experiencing significant transformations driven by increased regulatory reforms and heightened demand for banking services, particularly among SMEs. As the country's economy continues to e
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Yeelen Financial Fund
invested in
MANSA BANK
in 2024
in a Venture Debt deal
Disclosed details
Transaction Size: $8M