Mainbridge has announced the acquisition of a majority of the shares in Orbitt Limited. Established in 2016, Orbitt is Africa’s only integrated trade finance and deal matching digital Platform. The Platform connects corporates, lenders and service providers by offering smart matching, advanced data insights and analytics.
Mainbridge aims to develop the Orbitt Platform into Africa’s first digital investment Ecosystem focused on tackling the well-documented finance gap between businesses on the Continent and global finance. Orbitt’s objective is to service the “African financing ecosystem” of capital providers and users; ranging from private equity, structured debt, mezzanine financing, and trade finance; all within a Distributed Ledger Technology (including Blockchain) Environment.