BSF partners Greentec Bond to Assist SMEs

A Business Financial Solutions in alliance with Germany-based GreenTec Capital has ensured to build capacity, create investment readiness, and enable fundraising for start-ups and small businesses in Namibia.

According to a statement issued recently, the two companies mentioned that, their partnership escalated from the need to further enhance entrepreneurship scheme in the country.

The financial solution BFS was further explained as a Namibian investment management firm which provides financial solutions to small and medium enterprises, while GreenTec is a long-term investor in African start-ups and SMEs with a focus on combining social and environmental impacts with financial success.

The statement stated that, “By applying a unique venture building model, the partners aim to tackle the maturity, infrastructure, and funding gaps that young SMEs and start-ups are facing in Namibia, while at the same time de-risking them for investors by applying their support and expertise.”

According to the companies, it indicated that, through this partnership, they will support high-potential Namibian start-ups and SMEs in their growth from the proof-of-concept stage to market fit and sustainability by providing operational support, company formation and building, investment readiness, and go-to-market strategies and execution.

Alongside, ventures or SMEs which will be assisted will be selected based on their impact, the value they can add, and their economic sustainability.