{"pageProps":{"dealDetails":{"__typename":"Deal","id":"0x538473c3a69da2b305cf11a40cf2f3904de8db5f","name":"Cauris Fund #4: Africa Innovation Pool","dealType":"unitranche","category":"Fintech loans in Africa","borrower":{"__typename":"Borrower","deals":[{"__typename":"Deal","id":"0xd43a4f3041069c6178b99d55295b00d0db955bb5"},{"__typename":"Deal","id":"0xd09a57127bc40d680be7cb061c2a6629fe71abef"},{"__typename":"Deal","id":"0xc9bdd0d3b80cc6efe79a82d850f44ec9b55387ae"},{"__typename":"Deal","id":"0x538473c3a69da2b305cf11a40cf2f3904de8db5f"}],"id":"6331ae89f4530e2f0a95d9c4","name":"Cauris","logo":{"__typename":"Media","url":"https://storage.googleapis.com/goldfinch_cms/cauris-1.jpg"},"orgType":"Africa fintech credit fund","bio":[{"children":[{"text":"Cauris is a mission-driven investment firm that delivers growth capital to best-in-class Fintechs and high risk-adjusted returns to investors. We aim to facilitate the extension of financial services to 100 million people, accelerating the rise of the global middle class and enabling economic growth in emerging markets.\n\nCauris's debt financing enables its partners to scale efforts that deliver financial services to small businesses and consumers--many of which are traditionally underserved--that are the economic engines of every economy. Leveraging cutting edge technology and highly structured underwriting, Cauris delivers both consistent financial returns and compelling social impact."}]}],"website":"https://www.caurisfinance.com/","twitter":"https://twitter.com/Caurisfinance","linkedin":"https://www.linkedin.com/company/cauris-inc/"},"overview":[{"children":[{"text":"Proceeds will be used to provide additional backing to African Fintechs in their quest to provide access to financial services to millions of traditionally underbanked small businesses and consumers. Our investments will include senior secured loans with covenants for additional downside protection. All loans will be secured by all-asset debentures, including our borrowers' lending receivables."}]}],"highlights":[{"__typename":"Deal_Highlights","heading":"African Fintech Exposure","body":[{"children":[{"text":"Captial from this pool will be used to fund leading fintech companies in Africa - the epicenter of the world's population growth. Proceeds will be used for a wide array of use cases including SMB lending, asset financing, payday/invoice advances, supply chain financing, remittances, and more"}]}]},{"__typename":"Deal_Highlights","heading":"Secured","body":[{"children":[{"text":"Collateralized with real-world (off-chain) assets"}]}]},{"__typename":"Deal_Highlights","heading":"Real-world recourse","body":[{"children":[{"text":"Real-world, legally enforceable loan agreement"}]}]},{"__typename":"Deal_Highlights","heading":"Ongoing monitoring","body":[{"children":[{"text":"Monthly reporting and direct-to-borrower communications"}]}]}],"details":[{"type":"ul","children":[{"children":[{"text":"Cauris uses data-driven approaches to underwriting and portfolio management efforts and a combination of strong asset-level underwriting, structural and legal protections and advanced analytics to secure our debt investments in all fintech partners."}],"type":"li"},{"type":"li","children":[{"text":"Cauris only invests in Fintechs characterized by management teams with deep, relevant experience in their companies' sectors; well-performing loan books to use as collateral; and support by marquee VC, PE and strategic investors."}]},{"type":"li","children":[{"text":"Pool investments will target companies providing productive asset financing, SME financing, trade financing and consumer financing."}]}]}],"agreement":"https://docsend.com/view/awe5y6pmmsnnps44","dataroom":"https://docsend.com/view/s/pthhfseqzqmzbstw","defaultInterestRate":null,"transactionStructure":{"__typename":"Media","filename":"Goldfinch Transaction Structure.pdf","fileNameOverride":"","alt":null,"url":"https://storage.googleapis.com/goldfinch_cms/Goldfinch Transaction Structure.pdf","mimeType":"application/pdf"},"creditMemos":[{"__typename":"Deal_CreditMemos","id":"63e4202c4d9b3f11af165b6d","thumbnail":null,"name":"Alberto Alberto","subtitle":"Alberto Alberto is a credit analyst with more than 7 years of experience in financial modeling and risk management among banking institutions and consulting firms. ","content":"Cauris is a credit fund focused on providing credit to companies active in the financial technology industry in emerging markets. Cauris provides debt facilities for asset financing, SME financing, trade financing and consumer lending business models. Cauris is raising $ 2.13 million worth of USDC via a debenture issuance paying 13.5% p.a. fixed coupon payable monthly through the Pool #4 and $ 10 million worth of USDC paying 10% p.a. fixed coupon through the Pool #2.","date":"2023-01-08T05:00:00.000Z","fullMemoUrl":"https://docsend.com/view/s/jq6xqiihthacqyui","executiveSummaryUrl":"https://docsend.com/view/s/kvg9jzydiuyuuqnv"}],"securitiesAndRecourse":{"__typename":"Deal_SecuritiesAndRecourse","value":null,"secured":"yes","type":"All asset debentures","description":[{"children":[{"text":"Secured by assets of the borrowers including but not limited to borrowers receivables, bank accounts, etc."}]}],"recourse":"yes","recourseDescription":[{"children":[{"text":"If an Event of Default has occurred and is continuing, the Facility Agent (Cauris) may at any time, by giving notice to the borrower:"}]},{"children":[{"text":""}]},{"type":"ul","children":[{"children":[{"text":"Impose default interest"}],"type":"li"},{"type":"li","children":[{"text":"Demand repayment of all or any part of the loan and payment of any other amounts accrued"}]},{"type":"li","children":[{"text":"Terminate the facility, thereby reducing the commitment to zero"}]},{"type":"li","children":[{"text":"Exercise or direct the Security Agent to exercise any remedy afforded to it, including seizing the company’s assets"}]}]}]},"dueDiligenceContact":null,"onChainCapitalPriority":"senior","offChainCapitalPriority":"senior","collateralAssets":null}},"__N_SSG":true}