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BluePeak Invests $20m in Teyliom Finance

Staff writer
Feb. 13, 2024, 11:59 a.m.
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Word count: 475

BluePeak Private Capital (BluePeak), an alternative asset management firm supporting the growth of scalable businesses in Africa, has announced the completion of its sixth investment, a $20m loan to Teyliom Finance, a subsidiary of Teyliom group, a leading pan-African conglomerate active in five industries, across 12 countries. 

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BluePeak Private Capital (BluePeak), an alternative asset management firm supporting the growth of scalable businesses in Africa, has announced the completion of its sixth investment, a $20m loan to Teyliom Finance, a subsidiary of Teyliom group, a leading pan-African conglomerate active in five industries, across 12 countries. 

SwedFund, the Swedish Development Finance Institution that backed the Fund in May 2022, will be joining forces with BluePeak and co-investing $5m. 

The combined investment amounts to $25m. 

This investment supports Teyliom Finance's ambition to increase access to high-quality financial services and promote financial inclusion.

Walid Cherif, Managing Partner at BluePeak Private Capital, said: “We are delighted to support the growth ambition of such an established leading player with a strong track record and know-how of lending to SMEs in the West Africa region. Through this partnership, we will support Teyliom Finance in further driving financial inclusion and bridging the financing gap across the region.”

Since its establishment in 2006, Teyliom Finance has demonstrated a strong track record in broadening access to financial services and contributing to closing the financial gap in both banking and non-banking sectors.  

Teyliom Finance controls several companies operating in the financial services. The company’s established presence represents a unique opportunity to advance financial inclusion thanks to its presence among (i) the SME segment, (ii) retail clients, and (iii) micro-lending. 

Bridge Bank, Teyliom Finance’s main subsidiary through Bridge Group West Africa, is the 10th largest bank in Côte d’Ivoire, providing banking solutions to more than 13,000 corporate, SMEs, and retail clients through 14 branches in Côte d’Ivoire and started operations in Senegal with 1 branch. 

The company plans to grow its footprint across West Africa, specifically by opening new branches in Senegal and in the near future expanding to Burkina Faso, amongst additional countries whilst increasing lending to SMEs and micro-businesses. 

This partnership with Teyliom Finance is fully aligned with BluePeak's commitment to supporting scalable businesses, unlocking positive impact, and advancing economic growth across Africa. 

In addition to the Fund’s core impact themes around gender equality, job creation, and climate action, the investment in Teyliom Finance is focused on improving access to financing through the broadening of financial services to the underserved and bridging the financing gap in the region. 

According to the World Bank, Côte d’Ivoire has a large number of individuals and SMEs who remain financially excluded as access to financing remains a challenge despite the expansion of mobile phone financing with women, especially at a disadvantage. 

Yerim Sow, Founder of Teyliom Group: “We are very pleased to partner with BluePeak, one of the leading private capital investors in Africa. This investment will help Teyliom consolidate its position in the financial services industry in Cote d’Ivoire and other markets in Francophone West Africa. Working with quality investors has been a successful recipe for our Group as we continue to grow and build scale in our markets.” 

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