Fernanda Lima, Karima Ola and Frances Holliday will play key governance roles as LeapFrog pursues continued outsized returns and impact for investors and portfolio companies. According to The World Bank, today only 5 per cent of Ghanaian adults have some form of insurance, presenting a viable opportunity for Enterprise to drive financial inclusion apace. According to the World Health Organisation, orthopaedic conditions are the second largest contributor to disability worldwide. Says Ashok Shah, Apollo CEO, “LeapFrog provided more than capital; the team helped us to scale our substantial health insurance offerings. Globally, approximately 40% of customers are rural. Specifically, LeapFrog seeks buyers that recognize the value proposition in serving low-income populations in emerging markets. CDC committed $25 million to the Leapfrog Fund II in 2013. LeapFrog invests in extraordinary businesses in Africa and Asia. Palladin Consumer Retail Partners has made an investment in Leapfrog Brands, a designer and provider of beverageware. The company sold 15 million products in 2017 through its extensive network of 150,000 retail pharmacy points across 12 Indian States. Today, LeapFrog companies reach 205 million people across more than 35 emerging markets. Clients are served through 59 locations across all 36 states of  Nigeria, with dedicated mobile offices reaching consumers in the most remote areas, and innovative digital channels ensuring swift access to accounts and assistance. Try Pro free Solutions. By then, Apollo was reaching 969,000 people of whom almost 725,000 were under-served emerging consumers. This is something only 10-20% of IFC investments achieve. The firm's investments have an annual growth rate of more than 40% and its companies reach approximately 130 million consumers, primarily in Africa and Asia. LeapFrog Investments. LeapFrog invested in Cignifi in 2017, alongside existing investor Omidyar Network. A Decade of Growth Each year between 2009 and 2019, LeapFrog companies grew on average They invent commercial solutions that are swift and scalable. LeapFrog has worked closely with the business, in underwriting, product design and operations. Our clients get healthier just by being our clients.” This is not just a claim. In just five years, BIMA has over 32 million subscribers in 14 countries, of which approximately 9 million people are reached with insurance products. • LeapFrog seeks to fulfil the global unmet demand for critical financial and health products and services among billions of low-income emerging consumers by backing high-growth, innovative, scalable businesses in Africa and Asia. LeapFrog Investments. In just under four years, Goodlife has grown to provide trusted pharmaceuticals to 600,000 customers from 19 convenient locations – with a total reach of 1.2 million people. Palladin Consumer Retail Partners Invests In Leapfrog Brands Investment Provides Capital and Support for Growth. LeapFrog Investments 5. At USD $180 million it is LeapFrog’s largest to-date, as well as marking the first investment of the LSAI, a fund in which Prudential Financial, Inc. (PFI) (NYSE: PRU) is the primary investor. 560 people like this. They deliberately take on tough challenges, to bring security and prosperity to millions of vulnerable people. Cignifi’s platform can be extended to deliver a range of financial services, including insurance and SME services, ultimately enabling the team to reach their goal of providing 1 billion customers with financial fingerprints. The LeapFrog team brings to bear significant health industry knowledge, operational skills and international networks, and will enable Goodlife Pharmacy to accelerate its growth across East Africa, delivering best-in-class customer care to millions of consumers across East Africa. AllLife has built a profitable business by offering affordable life cover to people living with HIV, people who once were automatically excluded on the basis on carrying the virus that leads to AIDS. These innovations will be crucial not just for Apollo, but for regional development.”. A jewel in the crown, Enterprise Life, Ghana’s oldest life insurance company and the country’s leading provider of life insurance, controls gross premiums of over $50m, and has reported a market-leading compound annual growth rate (CAGR) of 26 per cent in premiums between 2013 – 2015. Cignifi, a leading tech innovator in emerging market financial services, partners with some of the world’s largest mobile operators and financial institutions, enabling online credit scoring using mobile phone usage data. Resources. Financial Service . Karima Ola, Partner LeapFrog Investments, commented: “ARM Pensions is a well-established first-class pension fund administrator with an impressive track-record of both profitability and growth. LeapFrog Investments invests in exceptional businesses in emerging Asia and Africa – and enables leaps of growth, profitability and impact. LeapFrog has worked with ARMLife to bring in new leadership talent and support across management training, as well as to improve governance, financial reporting actuarial and technical services and human capital management. LeapFrog Investments is a private equity firm that specializes in investments in growth-stage and expansion. It is in this spirit of practical hope that we share LeapFrog companies’ extraordinary results from 2019. Fernanda Lima, Karima Ola and Frances Holliday will play key governance roles as LeapFrog pursues continued outsized returns and impact for investors and portfolio companies. It is a pillar of Kenyan society, emphasizing affordable protection products to the underserved. It is tapping a high-growth market, with Kenya’s pharmacy sector already worth $725m and set to rise to $1.3bn by 2020. LeapFrog Investments backs NeoGrowth Credit to provide financial backing for digital payments among Indian retailers South Asia ; 31 January 2018 LeapFrog leads $47m round for India's NeoGrowth. Log In. They support 127,847 jobs. This financial technology has the potential to revolutionise how we assess the creditworthiness of billions of people globally and drive down customer acquisition costs.”. We now manage $1.5 billion, with 24 Portfolio companies, operating across 35 countries. Today, over 90% of the population in low and middle income countries are without a documented credit history, meaning they’re unable to borrow or save for the products they need to improve their lives and economic prospects. “Cignifi is doing something incredibly important,” said Stewart Langdon, Partner at LeapFrog Investments. Andy Kuper speaks about identifying value drivers during COVID-19 and tries to decode if he’s spotting an opportunity in the Indian financial services sector. People. BIMA CEO Gustaf Agartson says, “We’re proud of our success so far, but really we believe we’re just at the start of this journey. Ascent Meditech, a leading Indian medical products company and distributor of niche consumer healthcare products, is helping to provide relief for these chronic conditions. And a significant side effect is the reduction in the stigma around HIV/AIDS. Goodlife plans to expand to over 100 stores by 2021, reaching over 5.5 million consumers, and creating over 700 jobs, of which approximately 400 will be held by pharmaceutical professionals. Andrew founded LeapFrog Investments in 2007. We see a huge opportunity for LeapFrog to partner with an outstanding management team to increase production and distribution of Ascent’s quality and trusted products, including the flagship Flamingo brand, in India, Asia, Africa, and the Middle East.”. LeapFrog sold a major stake in BIMA as part of a $96.6m investment by Allianz X, the digital investment unit of Allianz Group, the global insurer and asset manager in 2017. MedGenome Labs Pvt. The business offers a range of affordable life, personal accident and health insurance products for low-income consumers. New York-LeapFrog Investments has announced the largest-ever private equity fund by a dedicated impact fund manager, surging past its $600m target to reach $700m. Ltd, a genomics-based diagnostics and research firm, on Wednesday said it has raised $55 million (Rs 411 crore) in a fresh funding round led by LeapFrog Investments. The firm seeks to make majority and minority investments through buyouts, management buyouts, and growth equity. Partners include AT&T, AXIATA, Telefónica, Globe Telecom, Equifax, Santander, and HFC Bank. $1.5M Follow us. Financial Service . “LeapFrog will accelerate our ambition to reach one billion people in emerging markets by supporting Cignifi’s growth strategy and expansion into adjacent categories such as insurance.”. LeapFrog raises $700m for record-breaking third emerging markets fund. Today, eighty-nine per cent of working Nigerians are not yet registered for pensions. The pharmacies can be found in shopping malls and gas station locations throughout Kenya, placing health services at the heart of communities and making them accessible to all income groups. In 2018, an independent team within IFC recognised Goodlife as having an inclusive business model as it directly reaches people at the base of the pyramid. Mobile technology has the power to transform people’s lives.” LeapFrog sold a major stake in BIMA as part of a $96.6m investment by Allianz X, the digital investment unit of Allianz Group, the global insurer and asset manager in 2017. LeapFrog Breaks Impact Investing … Apollo is one of the region’s star performers when it comes to insurance. Suggest edits Founded. Finden Sie alle Pressemitteilungen, Produkte und Jobs von LeapFrog Investments auf pharma-zeitung.de. Pensions not only serve as a safety net for aging Nigerians but can also make a huge impact on the households in which these individuals live – for both children and other family members – supporting education, healthcare and other necessary services. The fund makes significant minority investments in portfolio companies, with most investments in the $10 million to $25 million range, but with the potential to provide up to $50 million. “Goodlife, with its consumer focused business model, rapid growth, and excellent management team, has proven to be a fine example of how businesses that serve a real social need can be scalable and provide good financial returns,” says Dr. Felix Olale, LeapFrog Partner and Global Co-Leader for Health Investments. LeapFrog Investments invests in exceptional businesses in emerging Asia and Africa – and enables leaps of growth, profitability and impact. The LeapFrog, ARM Pensions partnership began in June 2018. It is both widely recognized and trusted as a brand that delivers quality medication, in a market where substandard and counterfeit medication are yet to be rooted out. At LeapFrog, we are inspired by purpose-driven businesses. No financial terms were disclosed. Advanced. Big numbers come with the territory in accountancy. Because LeapFrog’s portfolio companies share its “profit with purpose” philosophy, Leapfrog believes their social impact and mission can be sustained post-exit, as long as the follow-on investor is philosophically aligned with the business model. Leading global investors share this vision and have invested and committed over $1.5 billion to LeapFrog. While AllLife’s social impact is considerable, this is a profitable business, one that has seen 50% growth year-on-year, since being founded in 2004. “Otherwise we would have known that what we have accomplished was impossible.”. With a focus on “helping the nation feel better one customer at a time,” Goodlife Pharmacy’s customers have voted with their feet, helping Goodlife to become the largest pharmaceutical retail business across East Africa. Such conditions significantly limit mobility and dexterity, leading to difficulty working and early retirement from employment, reduced accumulated wealth and decreased ability to participate in social roles. “Enterprise Group’s management team has built a robust platform for growth in West Africa. BOSTON and CHICAGO, Jan. 5, … Also headquartered in Port Louis . Search Crunchbase. When it comes to financial services, Enterprise Group Limited is a household name in Ghana. LeapFrog will apply its deep operational expertise in emerging markets financial services, helping the business increase efficiencies, expand in West Africa, deliver new products, and scale toward new levels of growth and impact. To-date the company has credit scored more than 150 million emerging consumers in Asia, Africa and Latin America. Founded in 2007, Leapfrog Investments is a private equity firm based in Melrose Arch, South Africa. Enterprise Group offers a comprehensive suite of financial services including insurance, life cover and pensions to the country’s emerging consumers. 4 talking about this. Stewart Langdon CA, partner and Co-Head of its Asia investments, speaks to Kitty Finstad about the benefits of working from a blank sheet . More than this, AllLife actively helps clients manage their health. Profit with Purpose: We invest in exceptional businesses in Africa & Asia. They helped us launch a number of products for underserved clients, including last needs and hospital cash insurance. With the capital and expertise of our team behind the business, we are confident that it will scale to provide millions more people with access to essential financial services.”. LeapFrog companies reach 205m people with financial tools & healthcare In India, orthopaedic disorders are the most prevalent chronic disease affecting over 200 million people. The firm seeks to make impact investments in the … LAGOS, Nigeria, June 15, 2018 /PRNewswire/ -- Company is on target to rise to address the health needs of 5.5 million emerging consumers Goodlife Pharmacy, designated 'Portfolio Also headquartered in Port Louis . How much do you need to know about a person before making a loan? McKinsey and the IFC estimate that the unmet need for credit among emerging markets businesses is $2.1 trillion to $2.5 trillion, providing a blue-sky opportunity for growth. The company, which operates through its wholly owned subsidiary APA, is active in Kenya, Uganda and Tanzania. 164 million are low-income consumers often accessing insurance, savings, pensions, credit and healthcare for the first time. The investment is a continuation of LeapFrog’s focus on pensions in the West African market, following its successful exit from Ghana’s Petra Trust to Capital Alliance Private Equity IV Limited, a fund managed by African Capital Alliance, a pan-African investment firm in February 2018. The networker extraordinaire is moving quickly to fill his directorship portfolio before his last appearance as chairman of the ANZ Banking Group next week. The aim of ARM Pensions, one of the largest fund administrators in Nigeria with approximately $1.8bn in funds under management, is to build understanding and uptake of this essential service. See actions taken by the people who manage and post content. 611 people follow this. LeapFrog Investments is the world’s largest dedicated equity investor in emerging markets financial services, with over 1 billion dollars in commitments and assets under management. LeapFrog Investments, the Profit with Purpose investment group whose companies now reach over 200 million people, has elevated three emerging market leaders to its Management Committee and Board. LeapFrog Investments Makes Three Leadership Appointments, Following Record Fundraise Fernanda Lima, Karima Ola and Frances Holliday will play key governance roles as LeapFrog pursues continued outsized returns and impact for investors and portfolio companies. At exit, health insurance coverage had increased 26% to reach 72,500 people, while life insurance coverage had increased 170% to reach 490,000 people. “We are extremely pleased to enter into this strategic relationship with Enterprise Group,” said Norm Kelly of LeapFrog Investment. Despite it’s incredible growth story so far, Enterprise Group is poised to take its bid to deliver quality financial services even further. AllLife clients average a 15% improvement in their CD4 count (an immune system marker) within six months of being insured. BIMA’s customer research shows that 75% of their customers did not have access to insurance before. Apollo sells various types of insurance policies, from life to motor to health to crop insurance. Nigeria is leading the African growth story; this exhilarating nation has been an outperformer even among fast-growing African markets. “Mobile enabled financial services have the ability to scale at an unprecedented rate, reaching billions of consumers, and driving vast social impact throughout emerging markets,” said Jonathan Hakim, Founder and CEO of Cignifi. Mobile technology has the power to transform people’s lives.”. In the past, the traditional insurance industry has struggled to reach this vast market. About See All +65 6805 2170. www.leapfroginvest.com. In particular, elderly populations tend to have a higher prevalence of orthopaedic ailments. We partner with their leaders to achieve leaps of growth, profitability and impact. Pressemitteilungen von LeapFrog Investments Community See All. “Up until now, the world’s low-income consumers have had a very hard time borrowing money because they don’t have credit histories. Cignifi has created a sophisticated machine-learning platform that’s able to ingest large volumes of mobile data –some 200 million records a month, and growing – from mobile networks. Since investment portfolio companies have grown an average of 32% per annum. LeapFrog Investments has announced the largest-ever private equity fund by a dedicated impact fund manager, surging past its $600m target to reach $700m. Investment Firm. It draws from a USD $350m separately managed account established in 2016 with Prudential Financial to access high growth markets in Africa. Goodlife was recently endorsed by The Pharmaceuticals Society of Kenya as best pharmacy practice in the country; a testament to Goodlife’s ongoing commitment to excellence in pharmacy practice. $1.5M Follow us. 2007 Raised. PR Newswire. The company provides pensions and retirement savings accounts to three million Nigerians, of which one million are low-income or emerging consumers. Neither Ross nor any of the founders came from the insurance world. This fund alone targets reaching 70 million emerging consumers. Ascent, which has built a sophisticated manufacturing, distribution and retail strategy, specialises in wound care, mobility aids and orthopaedic soft goods. The investment in a milestone two times over. Ascent’s flagship brand of products, Flamingo, is sold in more than 40 countries across the globe. The company, which operates through its wholly owned subsidiary APA, is active in Kenya, Uganda and Tanzania. Launched in 2008 by former United States President Bill Clinton, LeapFrog Investments is the world's first and largest microinsurance fund, investing in businesses that provide affordable insurance to low-income and vulnerable people in Africa and Asia. The new fund invests in healthcare and financial services companies – tapping into the demand from billions of emerging consumers in Asia and Africa. The investment also builds on LeapFrog’s partnership with ARM Group following a 2012 co-investment into what is now ARM Life, a high-growth insurer. LeapFrog Investments Emerging Markets Profit-with-Purpose Investors. Do NOT follow this link or you will be banned from the site. It does not invest in green-fields or startups. Deal focus: LeapFrog adds to financial inclusion portfolio. LeapFrog’s team brings significant actuarial and operational skills to bear on the development of ARMLife’s retail presence, helping diversify and grow the business. Typically, elderly consumers prefer medical aids over invasive solutions such as surgery. Our team brings significant operational skills to bear on the development of ARM Pensions’ market presence. Its sustainable business model was recognized in July 2015, when AllLife won the Prince of Wales Unilever Global Development Award for Business in the Community. South Asian populations are uniquely valuable for understanding the biology of diseases due to founder effects, numerous population subgroups and homogeneity within each subgroup. Apollo - LeapFrog Investments F inancial services in Sub-Saharan Africa is growing at about 19% annually, with East Africa a particular area of growth. ARM partnered with LeapFrog to expand into life insurance to complement its pensions and investment management offerings. Today, LeapFrog’s businesses reach 205 million people with essential healthcare and financial tools. Ghana’s recently liberalised pensions industry is one of the fastest growing in the world, and the country’s retirement industry is set to swell 400% by 2018. The firm makes investments in financial institutions, distributors for financial products, or enablers of financial services, such as administrators or technology platforms. Pricing. Financial services in Sub-Saharan Africa is growing at about 19% annually, with East Africa a particular area of growth. LeapFrog invested in Goodlife in 2016, marking it the largest direct investment in the East African pharmacy sector to-date. We typically invest between $10m and $50m in capital, and we actively invest our knowledge and experience. The fund manager is targeting a total fund size of $400 million. BIMA is the global leader in providing insurance through mobile technology. We partner with their leaders to achieve leaps of growth, profitability and impact. These tools play an important role in enabling people to step out of poverty and lead self-determined lives. MedGenome, India’s leading genetic diagnostics, research and data company, is focused on improving health of populations in South Asia and other emerging markets. Apollo is one of the region’s star performers when it comes to insurance. Crucially, pharmacy is often the first point of care for Kenyans – and Goodlife is dedicated to increasing access to healthcare through its stores, thereby improving the quality of life and wellness of East Africa’s growing consumer class. Cignifi addresses this through a machine learning platform that integrates with the world’s most accessible infrastructure – mobile networks – to give people a digital identity. Savings accounts to three million Nigerians, of which one million are low-income.! Tend to have a higher prevalence of orthopaedic ailments Melrose Arch, South Africa were under-served consumers! 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