Apis Growth Fund II LP

India, South Africa Financial services

Apis Partners LLP is a London-based private equity firm that focuses on growth equity in financial services in Africa and Asia. The firm was founded in 2014.

Mid-cap financial services focused fund investing in Africa and South Asia

Key facts


Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

Rest of the World

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people. For funds, the sectors listed here are those the fund has invested in so far.

Financial services
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

Intermediated investment
Fund manager:
Apis Partners
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

March 2019

For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).

For funds, this is the total amount that CDC has committed to the fund.


This is the investee company’s place of incorporation; or a fund’s jurisdiction.

United Kingdom

Investments made by this fund

  • Active
  • Exited
Investment name Country Region Sector Start date Status

Tutuka provides prepaid solutions via virtual and physical prepaid cards for the likes of banks, telcos, retailers, developers and fintechs across the world.

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South Africa Africa, Southern Africa Financial services August 2019 Active
Coda Payments

Coda Payments helps digital content providers monetise their products and services in more than 30 markets.

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South Asia Financial services November 2019 Active
Hero Fincorp

Hero Fincorp is an Indian non-banking financial company. It provides consumer finance and commercial lending.

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India South Asia Financial services February 2020 Active

Cashfree is a payments and banking technology company in India founded in 2015. It was created to make it easier for companies to make cashless payments.

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Rest of the World Financial services November 2020 Active

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