Investment Summary

Adlevo Capital Invests In Rancard Solutions

On December 11, 2013, private equity firm Adlevo Capital invested in software company Rancard Solutions

Investment Highlights
  • This is Adlevo Capital’s 1st transaction in the Software sector.
  • This is Adlevo Capital’s 1st transaction in Ghana.

Investment Summary
Date 2013-12-11
Target Rancard Solutions
Sector Software
Investor(s) Adlevo Capital
Deal Type Venture

Target

Rancard Solutions

Accra, Ghana
Rancard Solutions is a software company focused on delivering brands to relevant mobile audiences across Africa. The rancardmobility.com cloud processes millions of mobile transactions across several networks bridging the gap between mobile subscribers and the content and services they desire from numerous leading brands. Rancard Solutions was founded in 2001 and is based in Accra, Ghana.

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Investor(S) 1

Investor

Adlevo Capital

Lagos, Nigeria
Category Private Equity Firm
Founded 2007
Size Small
Type Sector Focused
DESCRIPTION

Adlevo Capital is a private equity firm focused on growth-oriented companies in Sub-Saharan Africa. Adlevo generally looks to make equity and equity-linked investments in rapidly growing private companies at various stages of development. Prospective companies typically benefit from technology or technology-driven processes. Adlevo Capital was formed in 2007 and is based in Lagos, Nigeria.

DEAL STATS #
Overall 3 of 4
Sector (Software) 1 of 1
Type (Venture) 1 of 1
Country (Ghana) 1 of 1
Year (2013) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-26 Paga

Lagos, Nigeria

Paga is a provider of mobile payments services. Paga is underpinned by a secure payments platform that is built with the flexibility to operate in any environment and on the most basic mobile phone and internet enabled device. To maximize the network effects critical for the long-term success, Paga has taken a multi-stakeholder approach and works with strong local banks and microfinance institutions and on all mobile networks. Paga was founded in 2009 and is based in Lagos, Nigeria.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-16 SOLO Phone Nigeria

Lagos, Nigeria

SOLO Phone Nigeria is an experience-driven digital content and mobile device company focused on delivering content and services on the mobile platform to African consumers. The SOLO management team brings an unusual blend of global sector expertise and deep knowledge of African markets that enable the team to conceive and implement a market-leading, mobile consumer proposition uniquely suited to African markets. SOLO Phone Nigeria was founded in 2012 and is based in Lagos, Nigeria.

Buy -
Mergr

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