Duet, EMEA Capital back Moneybaba

Duet Private Equity is part of the Duet Group of asset managers, which also includes Emerging Markets Investment Management, Duet Alternative Investments, Merit Capital and Hill Street.

EMEA Capital is the family office of Osman Semerci and several of his partners.

The fresh capital will be used for strengthening the company's balance sheet and expanding into new countries, especially in Africa.

Previous funding
Join Universe, as the company was then known, received a $500,000 investment in 2016 and a further $3m in 2017 from undisclosed investors.

Company
Moneybaba is a lender operating online in emerging countries; it currently operates in South America under its TuTasa brand. The company offers real-time loans to individuals with limited financial history and allows small merchants to offer finance to their clients at the point of sale. Founded in 2010 and based in London, the company employs 12 people, according to LinkedIn.

People
Moneybaba – Marcelo Barreneche (founder, CEO).

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• Topics
• Expansion
• UK / Ireland
• Financials
• United Kingdom