BrandArena: LeapFrog Investments raises over $200m for emerging consumer fund

Saturday 7 December 2013

LeapFrog Investments raises over $200m for emerging consumer fund

LeapFrog announced the US$ 204m first close of its most recent fund in September 2013. The group has been hailed by Sir Richard Branson for “making a huge difference and making a significant profit at the same time” and for its “innovative approach to democratising insurance”.

LeapFrog also has investments in insurance underwriters and distributors in countries such as Kenya, Nigeria, South Africa and India. Says founder and president, Dr. Andrew Kuper, “We believe that the emerging consumer represents a tremendous opportunity for financial services businesses, and insurance in particular. Given the size of the underserved market, visionary financial services businesses that provide scalable solutions can be expected to provide top-tier investor returns.”

LeapFrog Investments is a specialist investor in emerging markets financial services, seizing the growth opportunity presented by two billion emerging consumers in Africa and Asia. LeapFrog’s portfolio companies currently provide insurance, savings and pensions products to over 18 million people in countries such as India, Indonesia, Sri Lanka, Ghana, Nigeria, Kenya and South Africa.

No comments:

Post a Comment