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Cascador and Sterling launch $200 million fund to derisk startup loans

Cascador and Sterling launch $200 million fund to derisk startup loans
Photo: TechCabal · view original

Cascador, a Nigeria-focused platform for growth-stage founders, and Sterling Bank, a mid-size Nigerian commercial bank, have set up a $200 million fund to help small Nigerian businesses and startups get bank loans by sharing the risk of borrowers defaulting. The partners say the SME Credit Backst...

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