Baobab+
Financials
Estimates*
EUR | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Revenues | 1.7m | 1.6m | 1.8m | 2.3m | 3.1m |
% growth | - | (6 %) | 12 % | 31 % | 31 % |
EBITDA | (<1m) | (<1m) | <1m | - | - |
% EBITDA margin | (4 %) | (6 %) | 6 % | - | - |
Profit | (<1m) | (<1m) | (<1m) | - | - |
% profit margin | (12 %) | (5 %) | (3 %) | - | - |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
€4.0m | Early VC | ||
€10.0m | Growth Equity VC | ||
* | $2.3m | Debt | |
Total Funding | AUD23.8m |
Recent News about Baobab+
EditBaobab+ is a social enterprise focused on providing access to energy and digital technology in Africa and China. The company sells solar kits and digital tablets through its branch networks and offers financing options via a Pay As You Go (PAYG) model. This approach makes their products accessible to a broader audience, including individuals, micro, and small businesses. Operating in markets with limited access to reliable energy and technology, Baobab+ addresses critical needs by enabling affordable and sustainable solutions. The business model revolves around selling these essential products and generating revenue through the PAYG financing plans, which allow customers to pay in installments. As a subsidiary of Baobab Group, a leader in digital financial inclusion, Baobab+ leverages its parent company's expertise to enhance its offerings and reach.
Keywords: solar kits, digital tablets, PAYG financing, energy access, technology access, Africa, China, micro businesses, small businesses, financial inclusion.