Paris · Growth
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.
What they invest in
from 10 of 11 portfolio companiesFintech ×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 pathBy year:2025 · 32024 · 22023 · 27 dated
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 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
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
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
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
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
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
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
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 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
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 companiesProparco · techinafrica.com · Aug 12, 2026
Moniepoint · thesaasnews.com · Jul 28, 2026
Solarise Africa · weetracker.com · Aug 4, 2025
Badili · disruptafrica.com · Mar 5, 2025
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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