ETHIOPIA – (April 25, 2023) 42Markets Group, the financial and capital markets fintech investment group, has secured $10 million in growth funding from Convergence Partners, a leading private equity investor dedicated to the technology sector across sub-Saharan Africa, after it recently closed its Convergence Partners Digital Infrastructure Fund (CPDIF) at $296 million. The business currently services Investment Banks and Central Banks, across Africa, the United Kingdom, the European Union, Australia, and India. Brandon Doyle, CEO of Convergence Partners, added: “This is one of our first investments in the digital transformation of financial markets. Christian Roelofse, Investment Officer responsible for the Netherlands DFI says: “FMO is pleased with the efforts of Convergence Partners in identifying and supporting African entrepreneurs. Convergence Partners’ team is located in offices in South Africa, Nigeria, Mauritius and soon Kenya.

Source: Ethiopian News April 29, 2023 04:55 UTC