The Nedbank Indalo Fund

Nedbank is at the forefront of accelerating the growth of sustainable businesses. The bank has launched the Nedbank Indalo Fund, which aims to transform the way entrepreneurs are funded, creating a pipeline of viable “green” businesses that will be able to attract high-ticket investment.

This fund is where innovation meets impact.

By strategically investing in green initiatives, Nedbank and Indalo Inclusive aim to enhance both economic and environmental health across South Africa.

Concessionary finance for systemic green economy growth and impact

The Nedbank Indalo Fund provides a pioneering approach to concessionary financing designed to foster systemic growth and impact in the green economy.

The is fund dedicated to empowering small sustainable enterprises by providing financial support paired with strategic mentorship. This is done to maximise the social and environmental impact, driving significant change right at the heart of South Africa’s innovative green sectors.

The focus and objective of the fund is to increase the social and economic value of enterprises as opposed to building a profitable and long-lasting fund instrument.

However, the structure and model of the funding instrument is designed to ensure that it has longevity and is able to have a multiplier effect and reach and impact more enterprises than a traditional and usual grant mechanism that Indalo does with early-stage enterprises.

This fund is targeted at enterprises that would have gone and graduated from IndaloVator and IndaloGrow.