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Proparco

Institutional investoroperating company · company profile

Paris · Growth

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Investment thesis

Proparco finances and supports private-sector businesses and financial institutions in developing regions to strengthen their contribution to the UN Sustainable Development Goals. As the private-sector-focused arm of the AFD Group, it concentrates on three impact objectives and invests across sectors such as energy, climate, and financial services. Its interventions span 115 countries of intervention, with a focus on advancing economic transformation and impact financing in emerging markets.

Source: firm website, verified Aug 3, 2026.

Stage
Growth
HQ
Paris, FR
Instruments
Equity · Debt
Last 12 months
1 investment
Tracked investments
11

What they invest in

from 10 of 11 portfolio companies

Fintech ×4Cleantech ×3Climate Tech ×3Energy ×3Impact & Social Good ×3B2B Marketplaces ×2Enterprise Software ×2SaaS ×2

HQs:Kenya×2Congo - Kinshasa×1France×1India×1Nigeria×1Senegal×1

Investments · 11 tracked

founders shown can be your intro path

By year:2025 · 32024 · 22023 · 27 dated

ZIZ Energieziz-energie.com✓ verified

ZIZ is a diversified electricity company based in Chad that develops, finances, builds, and operates hybrid power plants and urban metro-grids serving secondary cities of over 25,000 inhabitants.

CleantechClimate TechEnergy

Co-investorsFMOE3 Capital

Annapurna Financeannapurnafinance.inin

Annapurna Finance is a microfinance and non-banking financial company serving economically weaker and underbanked populations in India with doorstep credit products.

FintechImpact & Social GoodBhubaneswar, IN

Co-investorsAccionIncofin Investment ManagementOikocredit

Badilibadili.keMar 2025 · $400K

Badili Kenya sells certified refurbished smartphones such as the Apple iPhone 11 and iPhone 11 Pro, each passing quality checks and backed by a 12-month warranty and 7-day replacement guarantee.

Circular EconomyConsumerE-commerceNairobi, KE

Keshu Dubey(Founder)

Co-investorsE3 CapitalIPVSOSVVenture Catalysts

Lapairelapaire.africaOct 2024

Pan-African eyewear brand expanding access to affordable eye care across 10 countries with 134+ stores.

Co-investorsAsia Africa Investment & Consulting (AAIC)Beyond Capital VenturesEQ2 VenturesSaviu VenturesAfricInvestFINCA Ventures

liwwaliwwa.comin𝕏

liwwa operates a peer-to-peer lending platform that connects retail investors with small and medium-sized enterprises seeking funding.

B2B MarketplacesFintechMarketplacesRego Park, US

Samer Atiani(Executive Officer, Director, Promoter)Ahmed Moor(Executive Officer, Director, Promoter)

Co-investorsDASH VenturesSilicon BadiaBank al EtihadFMOJordan Kuwait BankTriple Jump

Maadmaad.ioMay 2024 · $3.2M

Maad is a commerce infrastructure platform for consumer brands, manufacturers, and importers, combining market intelligence, field activation, owned logistics (warehouse and GPS-tracked fleet), consumer engagement, and financial services (retailer credit and incentives) into one integrated system.

AI & Machine LearningB2B MarketplacesLogistics & Supply Chain

Co-investorsOui CapitalAlumni VenturesDFS LabReflect VenturesVentures PlatformVoltron Capital

Moniepointmoniepoint.comin𝕏Oct 2025 · $200M

Moniepoint provides banking, payments, credit, and cross-border payment services along with business management tools for African businesses and individuals, with a focus on MSMEs.

Enterprise SoftwareFintechSaaS

Co-investorsCapria VenturesDevelopment Partners InternationalNew VoicesOui CapitalQED InvestorsInternational Finance Corporation+4 more

Nurunuru.cdinJul 2023 · $40M

Nuru builds and operates solar-based mini-grids to provide electricity in the Democratic Republic of Congo, including a 1.3MW solar hybrid site in Goma described as the largest off-grid mini-grid in sub-Saharan Africa.

CleantechEnergyImpact & Social GoodGoma, CD

Co-investorsE3 CapitalInternational Finance Corporation

Proparcoproparco.frin𝕏

Proparco is the French development finance institution dedicated to the private sector and a subsidiary of the AFD group, providing financing and support to companies and financial institutions to advance the Sustainable Development Goals.

Climate TechImpact & Social Good

Co-investorsCirculate CapitalDigital Africa

Solarise Africasolariseafrica.cominAug 2025

Solarise Africa provides financing, technology, and infrastructure for decentralised commercial and industrial (C&I) solar energy projects, such as rooftop solar installations for manufacturers and agricultural exporters.

CleantechClimate TechEnergy

Co-investorsE3 CapitalOikocredit

Workpaymyworkpay.comin𝕏Mar 2023 · $2.6M

Workpay provides HR, payroll, compliance, and benefits administration services for businesses with remote and local teams across Africa.

Enterprise SoftwareFintechHR TechSaaSNairobi, KE

Paul Kimani(Founder)inJackson Kibigo Kungu(Founder)inEdwin Njuguna Mwangi(Executive Officer)David Maina Kariuki(Executive Officer)Paul Njoroge Kimani(Executive Officer, Director)

BoardNgetha Waithaka(Director)

Co-investorsY CombinatorAcadian Ventures Management, LlcNorrsken22P1 VenturesSaviu VenturesVKAV (Verod-Kepple Africa Ventures)+2 more

Portfolio news

latest coverage across their companies

Frequently asked questions

What stage does Proparco invest at?
Proparco invests at the Growth stage.
What sectors does Proparco focus on?
Proparco focuses on Climate Tech, EdTech, Energy, Fintech, Healthtech, Impact & Social Good, Sector Agnostic.
Where is Proparco located?
Proparco is headquartered in Paris, FR.

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