Muhoozi & Co. Advocates advises GCEX on the investment from Singapore based TGV4 Plus Fund

Muhoozi and Co. Advocates has successfully advised GCEX, a rapidly growing financial technology platform, on securing significant investment to expand its operations across East Africa. The investment will primarily fund GCEX's expansion in Kenya and Uganda, where the company is revolutionizing digital financial services for underbanked populations.

The investment was led by a consortium of investors with extensive experience in supporting financial innovation across emerging markets. GCEX's platform offers digital banking solutions, mobile payment systems, and alternative credit scoring methods specifically designed for African markets where traditional banking infrastructure is limited.

This investment represents a strong vote of confidence in East Africa's fintech potential, said Achan Kobusingye, Financial Services Partner at Muhoozi and Co. Advocates. GCEX's innovative approach to financial inclusion addresses critical needs in Uganda and Kenya, where mobile technology is enabling millions to access financial services for the first time.

Our team provided comprehensive legal support throughout the transaction, navigating the complex regulatory landscape for financial services across multiple African jurisdictions. The advice covered regulatory compliance, corporate structuring, intellectual property protection, and data privacy considerations specific to East African markets.

This transaction highlights the growing international investor interest in African fintech solutions and underscores our firm's expertise in facilitating investments that advance financial inclusion across East Africa.

Founded by Ugandan serial entrepreneur Lars Holst in 2018, GCEX's groundbreaking innovation comes from bridging the gap between traditional finance and digital assets including STOs and Cryptocurrencies.

Muhoozi & Co. Advocates advised GCEX in all legal aspects of the transaction.

Muhoozi & Co. Advocates's Ugandan and UK cross-border M&A team was headed by John Emil Lyngfeldt Svenson, Ben Forgiel-Jensen, Timothy Harding, Kenni Svanholm Jensen and Cecilie Mejer Helwig Rasmussen.

Press release available here.