{"id":11573,"date":"2023-05-03T10:36:00","date_gmt":"2023-05-03T10:36:00","guid":{"rendered":"https:\/\/techandbiz.com.ng\/tab-backup\/?p=11573"},"modified":"2023-05-03T10:36:57","modified_gmt":"2023-05-03T10:36:57","slug":"financial-times-ranks-4g-capital-as-one-of-africas-fastest-growing-companies","status":"publish","type":"post","link":"https:\/\/techandbiz.com.ng\/tab-backup\/2023\/05\/03\/financial-times-ranks-4g-capital-as-one-of-africas-fastest-growing-companies\/","title":{"rendered":"Financial Times Ranks 4G Capital as One of Africa\u2019s Fastest-Growing Companies"},"content":{"rendered":"

4G Capital (www.4G-Capital.com<\/a>), the market-leading neobank powering micro and small business growth in Kenya and Uganda, has been ranked as one of Africa\u2019s Fastest-Growing Companies, by the Financial Times. The Financial Times compiled the ranking with data company Statista and based findings on compound annual growth rate (CAGR) in audited revenues from 2018 to 2021.<\/p>\n

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4G Capital (Fourth Generation Capital Ltd) is ranked at Number 43 in Africa and Number 7 in Kenya with an absolute growth rate of 201% and average Compound Annual Growth Rate (CAGR) of 44.4% over the past ten years in Kenya.\u00a04G Capital consistently delivers sustainable high growth with growing profit margins as the company achieves economies of scale with its digital credit services.<\/p>\n

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The company\u2019s scalable and capital-efficient model has loaned over $340 million between 2016-2022, significantly higher than the microfinance industry average lending-to-capital ratio.<\/p>\n

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4G Capital provides 100% unsecured working-capital loans, enterprise training, and access to digital solutions for predominantly informal Micro, Small and Medium enterprises (MSMEs). These entrepreneurial companies are the backbone of Africa\u2019s economies and support 80% of Africa\u2019s employment and over half of the region\u2019s GDP. Most of these businesses cannot access traditional sources of finance and lack the cashflow to grow their companies.\u00a0 According to the IFC\u2019s SME Finance Forum, Africa\u2019s MSME finance gap is $331bn; in Kenya, the finance gap is $19bn. Without access to institutional capital, 72% of MSMEs rely on family or friends for loans and 30% fail due to funding shortages.<\/p>\n

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One of the world\u2019s top 10 Finance B-Corporations, 4G Capital, has positively impacted over 4 million people<\/p><\/blockquote>\n<\/div>\n

4G Capital is committed to delivering the right products and services that bridge the MSME finance gap in Africa and plays a vital role in the informal sector’s economic advancement on a pathway to formality. \u00a0The company blends client-centric relationship management with proprietary AI technology to minimise default risk.\u00a0 4G Capital\u2019s clients maintain high repayment rates (around 95%) without needing refinancing; on average, customers increase their annual revenue by 82%.\u00a0 One of the world\u2019s top 10 Finance B-Corporations, 4G Capital, has positively impacted over 4 million people.<\/p>\n

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Upon receiving the recognition, Wayne Hennessy-Barrett said, \u201cThis recognition is a most welcome milestone in the 4G Capital journey.\u00a0 Having recently accompanied US Ambassador to Kenya, Meg Whitman, on her roadshow to promote investment in Kenya and Africa, we are very proud to play our part in this most important and growing market.\u00a0 We are democratising wealth creation by helping small businesses to grow, and in turn demonstrating that global capital can get world class returns by driving the regenerative economy from which everyone benefits.\u201d<\/p>\n

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4G Capital employs almost 1500 employees across Kenya and Uganda, nearly tripling since the start of 2022.\u00a0 Since its inception in 2013, the company has loaned over 2,600,000 small working capital loans via mobile money networks valued at over $340 million. The company has over 350,000 clients, 74% female, and 53% run micro and SME enterprises in rural areas.<\/p>\n

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4G Capital clients receive customised business training programs and credit guidance via mobile apps and in-person via a nationwide network of branches. 4G Capital\u2019s unique machine learning technology delivers high-fidelity insight into client risk and affordability. As a result, 4G Capital consistently achieves high collection rates (95%) without collateral or refinancing its clients, only lending to viable businesses on terms that are right for them. 4G Capital has positively impacted over 4.1 million people.<\/p>\n

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This year, 4G Capital has gained recognition for several awards, such as the Global Top 10 for Financial Services in the Real Leaders Impact Award & Top, B Lab 2022 Best for The World\u2122. Recently, the company received an Honourable Mention for Responsible Digital Innovator of the Year at the IFC\u2019s Global SME Finance Forum Awards 2022. Wayne Hennessy-Barrett, CEO and Founder of 4G Capital was also recognised in this year\u2019s Top 50 Financial Technology CEOs of 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"

4G Capital (www.4G-Capital.com), the market-leading neobank powering micro and small business growth in Kenya and Uganda, has been ranked as one of Africa\u2019s Fastest-Growing Companies, by the Financial Times. The Financial Times compiled the ranking with data company Statista and based findings on compound annual growth rate (CAGR) in audited revenues from 2018 to 2021. […]<\/p>\n","protected":false},"author":1,"featured_media":11575,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,346,366],"tags":[],"class_list":["post-11573","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-culture","category-economy"],"_links":{"self":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/posts\/11573","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/comments?post=11573"}],"version-history":[{"count":0,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/posts\/11573\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/media\/11575"}],"wp:attachment":[{"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/media?parent=11573"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/categories?post=11573"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techandbiz.com.ng\/tab-backup\/wp-json\/wp\/v2\/tags?post=11573"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}