XSML Capital is a leading impact investor scaling small and medium-sized enterprises (SMEs) across East, Central and Southern Africa’s frontier markets. It provides growth capital - tailored debt, equity, and mezzanine financing – combined with hands-on strategic support to help entrepreneurs develop and expand their business.

Since 2010, XSML has raised over US$ 275 million across four SME funds, backing around 100 companies in Angola, the DRC, Kenya, Uganda, and Zambia. The firm fills a critical financing gap, offering investments from US$ 300k to US$ 10m. It is now investing though its fourth fund, African Rivers Fund IV.

With offices in Kampala, Kinshasa, Luanda, Lusaka, and Nairobi, XSML has strong local teams to support entrepreneurs. ESG standards, sustainability, and gender equality also guide its approach. Over the past fifteen years, XSML has built deep market knowledge, sourced top opportunities, and stayed close to its investments. Its unique model delivers attractive returns for investors, including leading development finance institutions and impact funds, while driving job creation and expanding access to essential goods and services.