Baobab+

Baobab+ is a finance and brokerage firm founded in 2015, operating with a significant presence in Africa and Europe. The company specializes in providing Pay-As-You-Go (PAYG) solar kits, a key offering in its digital finance and financial inclusion strategy. These kits feature remote control capabilities, enabling customers to manage their products and make installment payments until the device is fully paid off. This model is crucial for expanding access to essential services in remote areas. Baobab+ employs between 500 - 1,000 individuals, indicating a substantial operational scale. The company's product portfolio includes digital financial services and microfinance solutions, catering to both B2B and B2C markets. Its operations are supported by a robust technological infrastructure designed for remote product management and payment processing. Meet Baobab+'s team to understand the leadership driving these innovative financial inclusion initiatives. The company has established 2 locations, underscoring its geographic reach. With a reported revenue of $386.7M, Baobab+ demonstrates considerable financial activity. In September 2021, the company secured $11.6M in other financing rounds, with Norfund as a notable investor, further bolstering its capacity to expand its services. This funding supports its mission to provide accessible financial and energy solutions. Explore financial highlights for detailed performance metrics and investment history.