Convergence Partners invests $20M in Nigerian fintech firm Venture Garden Nigeria (VGN)

Convergence Partners today announced an investment of $20m by the Convergence Partners Communications Infrastructure Fund (CPCIF) for a strategic, minority stake in Venture Garden Nigeria (VGN), a diversified fintech company with significant operations in Nigeria.

CPCIF, the largest fund dedicated solely to ICT infrastructure in Africa, is currently deploying capital to build a portfolio of investments across the ICT spectrum, improving access to technology as well as broadband services.

VGN is a holding company for a group of financial technology entities that provide innovative, data-driven, end-to-end technology platforms addressing reconciliation and payment processing inefficiencies across multiple industry verticals.

Read more: Convergence Partners Acquires Stake in Nigerian Fintech Firm, Venture Garden Nigeria « Convergence Partners