BluePeak Private Capital's inaugural impact-driven fund announced an investment of US$ 20.0 million in Watu Africa, this marks the fourth investment of the fund. Watu is a leading East African asset leasing company focused on improving mass-market mobility. With a presence in 6 countries across Africa, the company has financed over 400k two and three-wheeler vehicles since inception.
The investment in Watu is focused on broadening access to financial services to the underserved and unbanked. As it expands its footprint across Africa, Watu will use our funding to provide financing to entrepreneurs, enabling them to gain income generating assets that will empower them and their communities.
In addition, Watu is one of the pioneers of Africa’s movement towards clean and green mobility, targeting a progressive increase in the availability of electric bikes to reduce the carbon footprint across African cities.