Belgium-based Incofin Investment Management recently sold fresh equity shares to two Belgian, family-controlled investment firms, Degroof Petercam Asset Management (DPAM) and Korys Investments. Incofin Investment Management remains
Category: Deals
MICROCAPITAL BRIEF: Credolab, Provenir Seek to Boost Financial Inclusion with Predictive Software
Two financial technology (fintech) companies, Singapore-based Credolab and US-based Provenir, recently formed a partnership intended to increase financial inclusion. Provenir, which provides a “unified risk decisioning solution” for lenders, will offer its clients the
MICROCAPITAL BRIEF: OnePuhunan Borrows $10m from MicroVest to Boost Microfinance for Women in the Philippines
MicroVest, an asset manager and subsidiary of US-based DAI Global, has reported lending USD 10 million to CreditAccess Philippines Financing Company, also known as OnePuhunan, a microfinance institution (MFI) that primarily lends to low-income female entrepreneurs and artisans. The MFI was founded in 2014 and is a
MICROCAPITAL BRIEF: Bank of Maldives Borrowing $40m from ADB, JICA, OeEB, for Blue Economy, SMEs, Tourism
The multilateral Asian Development Bank (ADB) recently announced a syndicated funding package of USD 41 million for the Bank of Maldives Plc (BML) to support tourism and other sectors. ADB syndicated the funding, which encompasses
MICROCAPITAL BRIEF: AMK of Cambodia Borrowing $7.5m for Green Microfinance via Bond Issue from BII, Symbiotics
Symbiotics Investments, a Switzerland-based investor focused on smaller businesses in low- and middle- income countries, recently disbursed USD 7.5 million to Cambodia’s AMK Microfinance Institution to fund its ongoing lending for electric two- and three-wheeled vehicles as well as new products, such as
MICROCAPITAL BRIEF: EBRD Loaning $5m to ING Finansal Kiralama for Leasing for Energy Efficiency, Renewables in Turkiye
The multilateral European Bank for Reconstruction and Development (EBRD) recently agreed to provide an unsecured loan approximately equivalent to USD 5.5 million to the Türkiye-based Internationale Nederlanden Groep (ING) Finansal Kiralama, which is controlled by the Netherlands-based ING Group. Also known as ING Leasing, the company plans to use the proceeds to finance
MICROCAPITAL BRIEF: BIM Borrows $20m from IDB Invest for Locfund Next to Support Lenders to MSMEs in Latin America, Caribbean
Locfund Next, a debt fund managed by Bolivia-based BIM Asset Management, recently accepted a 6-year loan of USD 20 million from IDB Invest, a member of the Inter-American Development Bank (IDB) Group. The loan is intended to help funders of micro-, small and medium-sized enterprises (MSMEs) to expand their outreach to
MICROCAPITAL BRIEF: AgCelerant, Bank of Africa, IFC to Support Rice Value Chains in Senegal with Access to Loans, Insurance, Tools, Inputs
AgCelerant, the agricultural technology (agritech) service of Mauritius-based Manobi Africa, recently partnered with the Senegalese unit of the Bank of Africa Group and the World Bank Group’s International Finance Corporation (IFC) on an effort to
MICROCAPITAL BRIEF: EBRD Purchases 5% Equity Stake in ProCredit from IFC, Increasing Exposure to SMEs in Europe, Ecuador
The multilateral European Bank for Reconstruction and Development (EBRD) recently purchased a 5-percent stake in Germany-based ProCredit Holding from the World Bank Group’s International Finance Corporation (IFC), along with a
MICROCAPITAL BRIEF: Diamond Trust Bank (DTB) to Offer Fintechs in Kenya Access to Mastercard Payment Cards
Diamond Trust Bank (DTB), a Kenya-based institution serving four countries in Africa, recently expanded its partnership with US-based payment processing corporation Mastercard, which will enable
MICROCAPITAL BRIEF: OPEC Fund Donating $1m to UNCDF to Boost Energy Access, Reduce Emissions, Starting in Madagascar, Tanzania
The Organization of the Petroleum Exporting Countries (OPEC) Fund for International Development recently granted USD 1 million to the UN Capital Development Fund (UNCDF) to co-finance clean cooking, energy access and renewable energy through the Climate Finance and Energy Innovation Hub (CFEIH). CFEIH was created in 2022 by the OPEC Fund, UNCDF and the Austria-based
MICROCAPITAL BRIEF: Svasti of India Raises $5m via Impact Investment Exchange (IIX) Women’s Livelihood Bond Issue
India’s Svasti Microfinance recently raised USD 5 million via a bond issue by the Impact Investment Exchange (IIX), a for-profit firm in Singapore, with the goal of catalyzing income generation for low-income women. The funding is provided
MICROCAPITAL BRIEF: Accion, Sturgeon Lead $6.4m Equity Round for Trukkr, Fintech Serving Trucking SMEs in Pakistan
Trukkr, a Pakistan-based financial technology (fintech) firm, recently obtained USD 6.4 million in a funding round led by two impact investors, US-based Accion Venture Lab and UK-based Sturgeon Capital, with placements also made by Al Zayani Venture Capital, Haitou Global and Peter Findley. The breakdown
MICROCAPITAL BRIEF: Arohan of India Raises $11m in Equity from FMO to Expand Microfinance, Including via Technology
Arohan Financial Services, an India-based microfinance institution (MFI) offering credit and insurance services to groups, individuals and other MFIs, recently accepted an equity investment in local-currency equivalent to USD 11 million from the Dutch development bank Financierings-Maatschappij voor Ontwikkelingslanden (FMO). Arohan plans to use the fresh capital
MICROCAPITAL BRIEF: Incofin Launches Water Access Acceleration Fund (W2AF) with $39m to Invest in Africa, Asia
The Belgium-based investment firm Incofin recently launched the Water Access Acceleration Fund (W2AF), a private equity fund with the objective of reaching 30 million people with access to safe drinking water, primarily in Africa and Asia. In particular
MICROCAPITAL BRIEF: Semaai Raises Equity from Accion, XA Network, Beenext, Surge for Technology Supporting Farmers, Agricultural MSMEs in Indonesia
Semaai, an Indonesia-based agricultural technology firm, recently obtained bridge funding in an equity raise led by Accion Venture Lab, a unit of US-based nonprofit Accion, and XA Network, a Singapore-based venture capital firm, with ongoing investors Beenext and Surge increasing their exposure to Semaai. Although the amount invested by each party has not been released, the goal
MICROCAPITAL BRIEF: FMO Lends $10m to Latin American Agriculture Development Corporation (LAAD) to Boost Green Investment
The Dutch development bank Financierings-Maatschappij voor Ontwikkelingslanden (FMO) recently lent USD 10 million to the US-based Latin American Agriculture Development Corporation (LAAD), a funder of small and medium-sized enterprises (SMEs) that export agricultural products. The loan is intended to support
MICROCAPITAL BRIEF: Asociación de Cooperativas Argentinas (ACA) Borrows $80m from FMO, FinDev Canada, Rabobank to Boost Exports of Produce from 50,000 Farms in Argentina
Asociación de Cooperativas Argentinas (ACA), a network of 143 agricultural cooperatives in Argentina, recently borrowed USD 80 million from three institutions, led by the Dutch development bank Financierings-Maatschappij voor Ontwikkelingslanden (FMO). FMO is lending ACA half of the total, and