Goodwell Investments is a pioneering investment firm focused on financial inclusion, fintech and inclusive growth in sectors providing basic goods and services and income generation opportunities to the underserved.
Since 2006 Goodwell has raised 5 funds with over $ 150 mln in capital. Goodwell has invested equity in early stage businesses in financial services and technology companies in India and Africa, ranging from classical microfinance to mobile payments, rural banking, affordable housing finance to merchant payment networks and public transport technology.
Goodwell’s 25 portfolio companies have reached over 28 million households with more than USD 2.1 billion in financial products and services, and employ more than 33,000 employees. African portfolio companies in the fintech field include Paga (Nigeria), Nomanini (South Africa), Musoni Systems (pan-African), MFS Africa (pan-African), Lydia (Nigeria) and in mobility tech WhereIsMyTransport (pan-African).
Goodwell is currently fundraising for uMunthu, a EUR 100m fund for Sub-Saharan Africa, that will invest in financial inclusion, agribusiness and other inclusive growth sectors with a heavy focus on the digital economy.
The firm has been listed in IA50 in 2018, 2019 and 2020. It is realising top quartile investment returns and making a significant impact, demonstrating that it is possible to be commercially successful while having a social impact at the same time.
Goodwell manages its funds with teams on the ground that have become local leaders in the impact investment sector. We work with local partners in India (Aavishkaar), Nigeria (Alitheia) and Ghana (JCS), and our investment team for East Africa, located in Nairobi, Kenya, and our investment team for Southern Africa, located in Cape Town, South Africa.
Goodwell has a unique mix of investors: pioneering impact investors, entrepreneurs, foundations and family offices, as well as development finance institutions, funds-of-funds, banks, pension funds and other institutional investors.