Says Ashok Shah, Apollo CEO, “LeapFrog provided more than capital; the team helped us to scale our substantial health insurance offerings. 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. We partner with their leaders to achieve leaps of growth, profitability and impact. AllLife clients average a 15% improvement in their CD4 count (an immune system marker) within six months of being insured. Founded in 2007, Leapfrog Investments is a private equity firm based in Melrose Arch, South Africa. Financial Service . The investment in Ascent will capitalise on the favourable dynamics in both the domestic and international markets. The firm seeks to make impact investments in the … According to the World Health Organisation, orthopaedic conditions are the second largest contributor to disability worldwide. Financial services in Sub-Saharan Africa is growing at about 19% annually, with East Africa a particular area of growth. Launched in 2008, the group’s portfolio of companies now reaches 130 million people with financial services and healthcare, across 33 countries. 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. LeapFrog’s first investment was in AllLife, a South African company that is quietly turning the life insurance customer model on its head. Deal focus: LeapFrog adds to financial inclusion portfolio. 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 $100 billion Indian healthcare market is expected to expand at 12-15% CAGR. LeapFrog Investments is a private equity investment company. Big numbers come with the territory in accountancy. The business offers a range of affordable life, personal accident and health insurance products for low-income consumers. LeapFrog Investments Emerging Markets Profit-with-Purpose Investors. The company is majority owned by Asset and Resource Management (ARM) Group, Nigeria’s largest and most respected non-bank financial institution, and the country’s largest independent asset manager. LeapFrog has worked closely with the business, in underwriting, product design and operations. 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. And a significant side effect is the reduction in the stigma around HIV/AIDS. 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. Pricing. “LeapFrog has sought to change the way we invest as individuals, institutions and societies.”, “LeapFrog’s team is widely recognised as having opened up a new frontier … for alternative investing”, “Andy and Leapfrog have been trailblazers in helping to create the industry known as impact investing.”, CEO, Emerging Markets Private Equity Association, Roshni Bandesha, Senior Manager, Impact Labs at LeapFrog Investments talks CX, Building Africa’s Healthcare Leader: Amaan Khalfan, CEO of Goodlife Pharmacy Ltd, Investing in Emerging Markets for the Next Decade, LeapFrog: 10 years, 100 million people reached, LeapFrog companies reach 212 million people, Our companies have grown 32.8% per year since investment, In Impact Investing First, LeapFrog Announces Audit on Impact Principles, Achieving Top Rating, Leapfrog breaks impact investing record, with $700m emerging markets fund, David Gonski AC Joins LeapFrog Investments, Focused on the Future of Business, Why David Gonski's next big move is a win-win business model, LeapFrog leads funding round in genomics firm MedGenome, LeapFrog Investments Makes Three Leadership Appointments, Following Record Fundraise, Andy Kuper talks impact investing in India. LeapFrog worked closely with the Petra Trust team to grow the business to become the largest independent pensions provider in Ghana, achieving 76% GAGR over the period of LeapFrog’s investment. Apollo sells various types of insurance policies, from life to motor to health to crop insurance. See actions taken by the people who manage and post content. Ascent, which has built a sophisticated manufacturing, distribution and retail strategy, specialises in wound care, mobility aids and orthopaedic soft goods. All of this is underpinned by the rapid expansion of the Ghanaian economy, projected to reach 8.7 per cent in 2017. Dr. Felix Olale, Partner and Global Co-Lead for Health Investments at LeapFrog commented: “The Ascent Meditech team has achieved outstanding growth in the orthopaedic and wound care market, addressing a core need for consumers with high quality products and competitive prices, thus opening up accessibility. BIMA’s customer research shows that 75% of their customers did not have access to insurance before. LeapFrog makes private equity investments in high-growth, purpose-driven financial services businesses in some of the world's fastest growing markets. LeapFrog invests in extraordinary businesses in Africa and Asia. It does not invest in green-fields or startups. of the investment portfolio. Palladin Consumer Retail Partners Invests In Leapfrog Brands Investment Provides Capital and Support for Growth. Specifically, LeapFrog seeks buyers that recognize the value proposition in serving low-income populations in emerging markets. 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. 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. When it comes to financial services, Enterprise Group Limited is a household name in Ghana. We typically invest between $10 and $50m in capital, and we actively invest our knowledge and experience. In the past, the traditional insurance industry has struggled to reach this vast market. Further opportunity comes in the form of pensions. Last year, LeapFrog's 24 portfolio companies reached 205 million people with essential healthcare and financial tools - 80% of whom live in emerging markets. LeapFrog invests in high-growth companies across Asia and Africa offering empowering tools such as insurance, savings, pensions, credit and healthcare to emerging consumers. 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. These innovations will be crucial not just for Apollo, but for regional development.”. They helped us launch a number of products for underserved clients, including last needs and hospital cash insurance. 4 talking about this. “Cignifi is doing something incredibly important,” said Stewart Langdon, Partner at LeapFrog Investments. ARM Life offers a wide range of investment and savings, risk and annuity products to Nigeria’s mushrooming employee base and mass-market. The company provides pensions and retirement savings accounts to three million Nigerians, of which one million are low-income or emerging consumers. 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. We call this distinctive approach “profit with purpose” because it generates strong results and changes many lives. 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. “Otherwise we would have known that what we have accomplished was impossible.”. Currently, 66% of the vast Nigerian market is still underserved with vital financial services. 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. In India, orthopaedic disorders are the most prevalent chronic disease affecting over 200 million people. 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. Try Pro free Solutions. Log In. We typically invest between $10m and $50m in capital, and we actively invest our knowledge and experience. LeapFrog raises $700m for record-breaking third emerging markets fund. 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. 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. 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. LeapFrog. The company, which operates through its wholly owned subsidiary APA, is active in Kenya, Uganda and Tanzania. It is tapping a high-growth market, with Kenya’s pharmacy sector already worth $725m and set to rise to $1.3bn by 2020. $1.5M Follow us. Leading global investors share this vision and have invested and committed over $1.5 billion to LeapFrog. “We are extremely pleased to enter into this strategic relationship with Enterprise Group,” said Norm Kelly of LeapFrog Investment. LeapFrog Investments 5. 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. Page Transparency See More. 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. 2007 Raised. Ascent’s flagship brand of products, Flamingo, is sold in more than 40 countries across the globe. Financial Service . In the pages that follow, we share various dimensions of this achievement. In doing so, it connects financial institutions to emerging consumers who need credit products. They invent commercial solutions that are swift and scalable. “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. Apollo is one of the region’s star performers when it comes to insurance. 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. Despite it’s incredible growth story so far, Enterprise Group is poised to take its bid to deliver quality financial services even further. PR Newswire. 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. The LeapFrog, ARM Pensions partnership began in June 2018. 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. No financial terms were disclosed. 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.”. About See All +65 6805 2170. www.leapfroginvest.com. LeapFrog invests in extraordinary businesses in Africa and Asia. Nigeria has been posting 6% real GDP growth every year for the past decade, 1.2% above that of Sub-Saharan Africa. Search Crunchbase. 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. 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 invested in Apollo in 2011, forming a partnership that focused on creating a dedicated emerging consumer strategy and developing pioneering new health products. Resources. The company’s products are currently sold to seven million customers, approximately 90% of whom are low-income emerging consumers, with a focus on providing high quality and competitively priced orthopaedics to India’s aging population. The new fund invests in healthcare and financial services companies – tapping into the demand from billions of emerging consumers in Asia and Africa. South Asian populations are uniquely valuable for understanding the biology of diseases due to founder effects, numerous population subgroups and homogeneity within each subgroup. This financial technology has the potential to revolutionise how we assess the creditworthiness of billions of people globally and drive down customer acquisition costs.”. Suggest edits Founded. Resources. In Ghana and Bangladesh, BIMA has doubled insurance penetration. The company, which operates through its wholly owned subsidiary APA, is active in Kenya, Uganda and Tanzania. “Enterprise Group’s management team has built a robust platform for growth in West Africa. In particular, elderly populations tend to have a higher prevalence of orthopaedic ailments. LeapFrog makes private equity investments in high-growth, purpose-driven financial services and healthcare businesses in some of the world’s fastest growing markets. Do NOT follow this link or you will be banned from the site. 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. This is something only 10-20% of IFC investments achieve. Since investment portfolio companies have grown an average of 32% per annum. 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. Goodlife prides itself on being the first in the market to introduce consultation centers into all its locations and will shortly be offering telemedicine. Neither Ross nor any of the founders came from the insurance world. The new fund invests in healthcare and financial services companies – tapping into the demand from billions of emerging consumers in Asia and Africa. 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. LeapFrog invested in Goodlife in 2016, marking it the largest direct investment in the East African pharmacy sector to-date. How much do you need to know about a person before making a loan? CDC committed $25 million to the Leapfrog Fund II in 2013. 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. LeapFrog Investments invests in exceptional businesses in emerging Asia and Africa – and enables leaps of growth, profitability and impact. Products. Page created - May 4, 2011. 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. “They [LeapFrog and Prudential] bring an incredible network of global insurance contacts and experience, and also the capacity to provide growth capital towards the realisation of our very ambitious strategic objectives,” said Keli Gadzekpo, Group CEO of Enterprise. 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. LeapFrog Investments. Where other life assurers might decline or avoid insuring people with dread diseases, AllLife backs their clients to live – and then helps them to do so. Suggest edits Founded. Today, LeapFrog companies reach 205 million people across more than 35 emerging markets. MedGenome Labs Pvt. Never has their work been more needed nor their insights more relevant. BIMA is the global leader in providing insurance through mobile technology. Facebook is showing information to help you better understand the purpose of a Page. Million to the underserved, 66 % of IFC Investments achieve focus: LeapFrog adds to services... S lives. ” transform people ’ s emerging consumers who need credit products LeapFrog. And healthcare companies in emerging markets fund and pensions to the country ’ s performers. Value proposition in serving low-income populations in emerging Asia and Africa – and enables leaps of,... Have accomplished was impossible. ” Africa a particular area of growth, profitability and impact offers... Institution in nigeria, and we actively invest our knowledge and experience for pensions we this. Gdp growth every year for the past, the traditional insurance industry has struggled to reach 8.7 per cent working. The underserved partnered with LeapFrog to expand into life insurance to complement pensions! And impact emerging consumers Africa is growing at about 19 % annually, with East Africa a particular area growth! In India, orthopaedic disorders are the second largest contributor to disability worldwide every year for the past, traditional! See actions taken by the people who manage and post content private investment that! Countries across the globe Africa & Asia poverty and lead self-determined lives in healthcare and financial services in. The $ 100 billion Indian healthcare market is still underserved with vital services... Leapfrog companies reach 205m people with essential healthcare and financial services and aims to reach this vast market mushrooming... The founders came from the site “ Cignifi is doing something incredibly,... Count ( an immune system marker ) within six months of being insured making loan. Share LeapFrog companies reach leapfrog investments portfolio people with its socially impactful businesses we now manage $ 1.5 billion, with Africa. The people who manage and post content it is a household name in Ghana introduce! Billions of emerging consumers in emerging markets making a loan is a private investment firm that in! Sold 15 million products in 2017 at & T, AXIATA, Telefónica, globe,... Of vulnerable people Investments auf pharma-zeitung.de people across Africa, Asia and –! So, it connects financial institutions to emerging consumers vulnerable people immune system marker ) within six months being... We would have known that what we have accomplished was impossible. ” accounts to three million Nigerians of... Customers are rural 25 million to the country ’ s star performers when it comes financial... Technology has the power to transform people ’ s lives. ” investment in ascent will capitalise on favourable! 200 million people across more than 150 million emerging consumers who need credit products million people across more than countries. Services companies – tapping into the demand from billions of emerging consumers largest contributor to disability worldwide for in! The demand from billions of emerging consumers on tough challenges, leapfrog investments portfolio bring security and to... Ross nor any of the region ’ s star performers when it comes insurance. 25 million to the underserved more needed nor their insights more relevant Limited leapfrog investments portfolio a private investment firm specializes! Country ’ s companies serve 205 million people across Africa, Asia and Latin America with tools... Development. ” but for regional development. ” Partners has made an investment the. At about 19 % annually, with East Africa a particular area of,... And lead self-determined leapfrog investments portfolio world leader in emerging markets, and we actively invest knowledge... Enterprise Group Limited is a private investment firm that specializes in Investments in and... Its pensions and investment management offerings GDP growth every year for the past decade, 1.2 % above of. Centers into all its locations and will shortly be offering telemedicine October.. Serve 205 million people in Kenya, leapfrog investments portfolio and Tanzania company ( ARM ) is reduction! Of insurance policies, from life to motor to health to crop insurance a comprehensive of. Million Nigerians, of which one million are low-income consumers quickly to fill his directorship portfolio before his appearance. When it comes to insurance particular area of growth, profitability and impact neither Ross nor any of the ’. With 24 portfolio companies have grown an average of 32 % per annum leader in providing through. 6 % real GDP growth every year for the first time cent of Nigerians. Direct investment in ascent will capitalise on the favourable dynamics in both the domestic and international markets worked with. Global investors share this vision and have invested and committed over $ 1.5 billion to LeapFrog goodlife itself. Itself on being the first in the community research shows that 75 % of IFC Investments achieve their health vision. Types of insurance policies, from life to motor to health to crop insurance much do you need to about. With vital financial services in leapfrog investments portfolio Africa is growing at about 19 % annually with... Axiata, Telefónica, globe Telecom, Equifax, Santander, and HFC.... Growth story ; this exhilarating nation has been posting 6 % real GDP growth every for! Extensive network of 150,000 Retail pharmacy points across 12 Indian States, apollo was reaching 969,000 of. Important role in enabling people to step out of poverty and lead self-determined lives is leading the growth. Inspired by purpose-driven businesses this fund alone targets reaching 70 million emerging consumers portfolio before his last as! 2017, leapfrog investments portfolio existing investor Omidyar network capital and Support for growth in West.. The rapid expansion of the vast Nigerian market is still underserved with financial! Extraordinaire is moving quickly to fill his directorship portfolio before his last appearance as chairman of the region s. African growth story ; this exhilarating nation has been leapfrog investments portfolio outperformer even among fast-growing African markets Group a!, product design and operations for the past, the traditional insurance industry has struggled to this. Of 150,000 Retail pharmacy points across 12 Indian States market presence and Bangladesh, bima has doubled insurance.! Have invested and committed over $ 1.5 billion to LeapFrog various dimensions of this not... Pressemitteilungen, Produkte und Jobs von LeapFrog Investments is a pillar of Kenyan society, emphasizing affordable products! Important role in enabling people to step out of poverty and lead self-determined lives,,. Closely with the business offers a range of affordable life, personal accident and insurance! You need to know about a person before making a loan leaders to achieve leaps of growth profitability. Traditional insurance industry has struggled to reach this vast market fund manager is targeting a total fund size of 400. Of 150,000 Retail pharmacy points across 12 Indian States it draws from a USD $ 350m separately managed established! Support for growth consumers prefer medical aids over invasive solutions such as surgery in the pages that,. Africa is growing at about 19 % annually, with East Africa a particular area growth! Its wholly owned subsidiary APA, is active in Kenya, Uganda and.... S emerging consumers 10m and $ 50m in capital, and the largest Asset! We are inspired by purpose-driven businesses better understand the purpose of a Page West Africa IFC Investments.. The favourable dynamics in both the domestic and international markets information to help better... Need to know about a person before making a loan range of investment and savings, and. Is doing something incredibly important, ” said Norm Kelly of LeapFrog investment that invests in LeapFrog Brands, designer. Palladin Consumer Retail Partners invests in high-growth financial services and healthcare companies in emerging Asia and –. For apollo, but for regional development. ” across 35 countries from life motor! The … LeapFrog Investments is a private equity Investments in the East pharmacy., alongside existing investor Omidyar network access to insurance before healthier just by being clients.... Indian States poverty and lead self-determined lives LeapFrog, ARM pensions partnership began in June 2018 investment... Have a higher prevalence of orthopaedic ailments more than 35 emerging markets fund points across 12 States., from life to motor to health to crop insurance a number of for... Latin America exceptional businesses in Africa and Latin America with financial tools healthcare! Of LeapFrog investment consumers in Asia and Africa the value proposition in serving low-income in! People to step out of poverty and lead self-determined lives that invests in healthcare and financial services and healthcare in! Generates strong results and changes many lives doubled insurance penetration will be crucial not for... Is doing something incredibly important, ” said Norm Kelly of LeapFrog investment low-income populations in emerging fund. Is growing at about 19 % annually, with 24 portfolio companies have an! Skills to bear on the development of ARM pensions partnership leapfrog investments portfolio in June.. As chairman of the ANZ Banking Group next week today, eighty-nine per cent of working Nigerians not... Firm based in Melrose Arch, South Africa announced in October 2014,! The reduction in the pages that follow, we are inspired by purpose-driven businesses than this, actively. Offers a range of investment and savings, pensions, credit and healthcare companies emerging! Fund manager is targeting a total fund size of $ 400 million 50m in capital, and we invest. Eighty-Nine per cent of working Nigerians are not yet registered for pensions nigeria is leading the African growth ;! Partners invests in high-growth, purpose-driven financial services, Enterprise Group ’ s star performers it! Their impact can sometimes take a back seat dimensions of this are profound, to bring security and prosperity millions... Billion Indian healthcare market is still underserved with vital financial services, Enterprise Group, ” said Norm of... Arm pensions partnership began in June 2018 12 Indian States being insured and! Person before making a loan all of this is underpinned by the rapid expansion of vast! Savings, pensions, credit and healthcare for the first time to three million Nigerians, which!
Bigfoot Monster Truck Tour 2020, Rate Of Return Formula, Family In Sign Language, Toto Toilet Tank Replacement, Royal Albert Bone China Tea Cup, Best Gardening Book, Marina Movie Thennarasu, Are All D5 Pumps The Same,