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Côte d’Ivoire: Neofinance ADEC strengthens its stable resources for access to basic financial services

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Neofinance ADEC, a neofinance institution based in Abidjan announces “the significant increase in its stable resources”.

According to an official note consulted by Abidjan.net, the institution has just raised EUR 4.5 million (3 billion FCFA), in the form of a subordinated instrument, from local institutional investors.

ADEC was advised by PEC Asset Management (PEC), an Abidjan-based financial advisory firm co-founded by Jean-Luc Aka-Adjo and Camille N’Dia.

ADEC is a microfinance institution based in Abidjan (Côte d’Ivoire) which was acquired in 2020 by a consortium of local investors, led by the entrepreneur Jacques-Gaëtan TOBO. Since then, the institution has transformed into a digital microfinance. ADEC is working to be the leading digital financial institution in Ivory Coast. It favors mass finance via agro-food, crafts, small trade and transport.

ADEC is the first Neofinance in Côte d’Ivoire, allowing its customers to carry out all their operations without having to travel. This feature gives ADEC the status of a leading player in financial inclusion. This earned him the prize for “Best Saving Bank Innovation” in 2021 at the “Africa Fintech Forum”.

Thanks to the strengthening of its stable resources, ADEC will now be able to finance its growth with the introduction of new digital and innovative products and services. This injection of capital will enable ADEC to fight effectively and sustainably against poverty by bringing digital finance to the heart of populations to promote the economic autonomy of women and encourage the employability of young people.

“We want to democratize financial inclusion and this fundraising increases our capacity to absorb new customers, new products and innovative services. Then, we want to strengthen our contribution to the financing of the value chains of our sectors. targets”, explained Jacques Gaétan TOBO, Co-founder of ADEC who believes that “this operation is a mark of market confidence for our avant-garde model”.

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