Koa Switzerland GmbH, established in 2017 and headquartered in Zurich with an additional office in Achimota, Ghana, specializes in producing cocoa fruit juice, marketed under the name Koa Pure. The company captures this unique juice directly from cocoa farms in Ghana's rainforests, working closely with local small-scale farmers to ensure hygienic and environmentally sustainable extraction processes. By integrating traditional organic farming practices with modern technology, Koa Switzerland aims to minimize food waste and enhance the livelihoods of rural communities. The cocoa juice, derived from the pulp surrounding cocoa beans, not only introduces a new exotic flavor to consumers but also serves as an additional income source for farmers, creating jobs and promoting a sustainable agricultural model. This approach respects traditional farming methods while significantly increasing the utilization of cocoa fruit, showcasing a commitment to both quality and community development.
Wave Mobile Money is a financial technology company focused on providing app-based solutions for saving, transferring, and borrowing money in Africa. With a mission to create the first cashless continent, Wave aims to address the challenge of limited access to banking services, as less than 10% of the African population has a bank account. The company is developing an inclusive financial network that offers no account fees and allows for instant transactions, making it accessible to a broader audience. By leveraging technology, Wave is creating affordable financial services that enable individuals to manage their money effectively, thereby fostering economic empowerment and contributing to poverty alleviation. Its platform supports various services, including deposits, withdrawals, bill payments, and money transfers, facilitating cashless transactions for users and businesses alike.
Equity Bank Kenya is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank by the central bank of Kenya, the central bank, and national banking regulator. Equity Bank Kenya Limited was incorporated in 2014 as a result of the corporate restructure of Equity Group Holdings Limited.
U Gro Capital Limited is a non-banking financial company based in Mumbai, India, that specializes in providing loans to small and medium enterprises (SMEs) across various sectors. Established in 1993 and rebranded in 2018, the company focuses on financing businesses in healthcare, education, chemicals, food processing, hospitality, electrical equipment, auto components, and light engineering. By offering customized loan solutions, U Gro Capital aims to meet the specific capital needs of small businesses, thereby supporting their growth and development in the Indian market.
Satya MicroCapital Limited is a non-banking financial company based in New Delhi, India, specializing in microfinance services. The company offers small, unsecured loans primarily targeted at low-income individuals in urban, semi-urban, and rural areas, with a particular focus on women entrepreneurs. Utilizing the Joint Liability Group (JLG) model, Satya MicroCapital promotes group accountability among borrowers, facilitating business start-ups and expansions through collateral-free credit. Established in 1995 and rebranded in 2016, the company has grown its operations to include a network of 152 branches as of mid-2020. Satya MicroCapital emphasizes the use of technology in its lending processes and has adapted its strategies to foster cashless transactions. Committed to social responsibility, the company actively promotes initiatives in health, education, financial literacy, gender equality, and community awareness, aiming to contribute positively to financial inclusion and societal transformation.
SouthEast Asia Commercial Joint Stock Bank is a commercial bank based in Hanoi, Vietnam. The bank provides banking products and services to individual customers, SMEs and large corporations which includes services like daily banking services, cards including debit and credit cards, savings services, home loans, vehicle loans and international transaction services. It focuses on professional households, small and medium enterprises while maintaining the growth of big corporations.
Copper Mountain Energy is a component of renewable energy that has evolved to dominate the distributed energy market by investing in and constructing renewable energy projects. Their goal is to develop sustainable renewable energy solutions to meet all communities' and industries' global energy needs. They pledged to their partners that they would assist in lowering energy costs, offering an alternate power source, and assisting in achieving their sustainability goals.
Investree is Indonesia’s leading B2B marketplace lending platform for SMEs that is fully licensed by Financial Services Authority of Indonesia (OJK) for both conventional and Shariah businesses. Investree is based in Indonesia but has grown its regional footprint in Thailand and soon to be in the Philippines. Investree's mission as marketplace is to use technology and data to provide small businesses with access to working capital solutions from retail and institutional lenders. Established in October 2015, Investree focuses on a B2B acquisition model to drive origination of SME borrowers. These include strong partnerships with ecosystems to drive origination, enhance verification and reduce cost of acquisition. These include strategic partnerships such as e-procurement platforms, payment gateway providers to source potential SME while accessing its digital footprint through the ecosystem to enhance the business process and customer experience. Led by a solid team of seasoned professionals from the financial industry with a team of 175 employees across the region Investree, by August 2019 has facilitated over USD 230 mio since inception, providing access to more than 1000 SMEs , while maintaining a robust and healthy asset quality.
ePayLater, founded in December 2015, offers a streamlined payment solution that allows customers to buy products online and defer payment for 14 days. By utilizing advanced machine learning for real-time credit assessments, the platform evaluates various data points, including purchasing behavior and digital footprints, to extend credit to frequent online shoppers. This enables users to make multiple transactions through a single-click checkout process and consolidate their payments at the end of the 14-day period. The service effectively separates the shopping experience from payment concerns, catering to the needs of modern consumers looking for convenience and flexibility in their purchasing decisions.
Satya MicroCapital Limited is a non-banking financial company based in New Delhi, India, specializing in microfinance services. The company offers small, unsecured loans primarily targeted at low-income individuals in urban, semi-urban, and rural areas, with a particular focus on women entrepreneurs. Utilizing the Joint Liability Group (JLG) model, Satya MicroCapital promotes group accountability among borrowers, facilitating business start-ups and expansions through collateral-free credit. Established in 1995 and rebranded in 2016, the company has grown its operations to include a network of 152 branches as of mid-2020. Satya MicroCapital emphasizes the use of technology in its lending processes and has adapted its strategies to foster cashless transactions. Committed to social responsibility, the company actively promotes initiatives in health, education, financial literacy, gender equality, and community awareness, aiming to contribute positively to financial inclusion and societal transformation.
Utkarsh Small Finance Bank provides a range of banking services.
Fourth Partner Energy is a prominent integrated solar solutions provider based in Hyderabad, India. Established in 2010, the company specializes in offering comprehensive solar energy solutions, including the design, planning, procurement, construction, operation, maintenance, and financing of both small and large solar power projects. Fourth Partner Energy manufactures a range of solar energy applications, such as solar lanterns, home lighting systems, solar street lights, and photovoltaic panels. With a commitment to sustainability, the company aims to build and manage a substantial portfolio of decentralized solar power assets across the country. It holds ISO 9001:2015 and ISO 14001:2015 certifications for quality and environmental management, respectively, and is recognized as a 'Category A' Channel Partner by the Ministry of New and Renewable Energy. Additionally, Fourth Partner Energy collaborates with various state nodal agencies to enhance renewable energy access and efficiency for its customers.
SK Finance operates as a non-banking finance company based in Jaipur, India. Established in 1994, the company specializes in providing a range of financial products, including vehicle loans aimed at entrepreneurs in semi-urban and rural areas, loans for farmers to acquire new or pre-owned tractors, and pre-owned vehicle loans for both self-employed individuals and salaried employees. Additionally, SK Finance offers loans tailored for micro, small, and medium enterprises across diverse sectors, such as general commodities, lifestyle products, health and medical supplies, and construction materials. The company also provides two-wheeler loans for individuals. SK Finance has a robust presence with 325 branches across several states, including Gujarat, Rajasthan, Haryana, Punjab, Maharashtra, and Madhya Pradesh.
Origo Commodities India Pvt. Ltd. provides post harvest management services for agricultural commodities. Its solutions include commodity handling and collateral management services for producers, processors, corporate houses, and financial institutions. The company provides procurement, professional warehousing, quality certification and gradation, preservation of stock, delivery points for commodity exchanges, audit and surveillance, and trading and other value-added services. Origo Commodities India Pvt. Ltd. was incorporated in 2011 and is headquartered in Gurugram, India.
Origo Finance Private Limited, founded in 2016 and based in Hyderabad, India, specializes in providing financial services to rural and agricultural sectors. The company offers a variety of financing solutions tailored to farmers, traders, processors, retailers, and micro, small, and medium enterprises (MSMEs). Its services include warehouse receipt finance, which provides financial assistance to small and marginal farmers, as well as working capital finance against agricultural produce. Additionally, Origo Finance extends loans specifically for MSMEs and the dairy sector, and offers agricultural marketing services. The company received its non-banking financial company (NBFC) license from the Reserve Bank of India in 2017, and its leadership team has extensive experience in finance and agriculture, totaling over 100 years.
Aye Finance is a finance company that provides business loans to micro and small businesses in Northern India.The company's mission is to provide innovative and customer-centered financial services to micro and small business through effective technology and robust processes. It works with a relevant technology to facilitate better financial inclusion and to consequently serve micro-enterprises.
Aye Finance was founded in 2014 and is headquartered in Gurgaon, Haryana, India.
Satin Creditcare Network provides financial assistance to households, excluded from the ambit of mainstream financial service providers. The company offers financial products in the Non-MFI segment, a housing finance subsidiary, and business correspondent services, and similar services to other financial Institutions through Taraashna Services Limited, a business correspondent company and a subsidiary of Satin Creditcare Network. The company also incorporated a housing finance subsidiary which is Satin Housing Finance Limited or SHFL for providing loans to the affordable housing segment. This extension is to provide financial products that cater to the undeserved segments of the market. The company's operations is based on the Joint Liability Group model, which enables people to deliver collateral-free, microcredit facilities to economically active women in rural and semi-urban areas, who have limited access to mainstream financial service providers. It also offers loans to individual businesses and MSMEs, product financing for the purchase of solar lamps, as well as loans for the development of water connections, and sanitation facilities. Satin Creditcare Network focuses on rural and semi-urban areas, securing that its services reach those regions that usually face low or at best, moderate rates of penetration by other microfinance institutions. Satin Creditcare Network was founded in 1990 and is headquartered in Gurugram, Haryana, India.
Samunnati is a provider of financial intermediation, market linkages, and advisory services that are used to enhance the value of all players across the agriculture value chain. The company aims to provide underserved households access to markets through financial intermediation and advisory services by focusing on the key economic drivers of a district. The objective is to aid the enterprises and value chains to operate at a higher level of productivity thereby creating value for all the stakeholders engaged in it. Samunnati was established in 2014 and is headquartered in Chennai, Tamil Nadu.
Electronica Finance Limited is a prominent non-banking financial company based in Pune, India, founded in 1990. The company specializes in asset financing and hire purchase services, offering a diverse range of loan products including machinery loans, business loans, working capital demand loans, industrial property loans, loans against properties, and emerging enterprise loans. Electronica Finance also provides specialized financial products such as rooftop solar loans and restart loans, which assist businesses in managing working capital, acquiring raw materials, and settling vendor bills. With 33 branches across the country, the company is well-positioned to cater to various sectors and support clients with tailored financial solutions. Electronica Finance operates as a subsidiary of Mugdha Investment & Finance Pvt. Ltd.
PEG, founded in 2013 by Hugh Whalan and Nate Heller, is an asset financing company headquartered in Accra, Ghana. The company specializes in selling Pay As You Go solar energy products to off-grid customers in Ghana, Côte d'Ivoire, and Senegal. PEG's offerings enable customers to access improved lighting, mobile phone charging, and essential appliances such as radios and televisions. By providing financing for these solar home systems, PEG aims to enhance the quality of life for its customers while promoting sustainable energy solutions in underserved regions.
PEG, founded in 2013 by Hugh Whalan and Nate Heller, is an asset financing company headquartered in Accra, Ghana. The company specializes in selling Pay As You Go solar energy products to off-grid customers in Ghana, Côte d'Ivoire, and Senegal. PEG's offerings enable customers to access improved lighting, mobile phone charging, and essential appliances such as radios and televisions. By providing financing for these solar home systems, PEG aims to enhance the quality of life for its customers while promoting sustainable energy solutions in underserved regions.
Satya MicroCapital Limited is a non-banking financial company based in New Delhi, India, specializing in microfinance services. The company offers small, unsecured loans primarily targeted at low-income individuals in urban, semi-urban, and rural areas, with a particular focus on women entrepreneurs. Utilizing the Joint Liability Group (JLG) model, Satya MicroCapital promotes group accountability among borrowers, facilitating business start-ups and expansions through collateral-free credit. Established in 1995 and rebranded in 2016, the company has grown its operations to include a network of 152 branches as of mid-2020. Satya MicroCapital emphasizes the use of technology in its lending processes and has adapted its strategies to foster cashless transactions. Committed to social responsibility, the company actively promotes initiatives in health, education, financial literacy, gender equality, and community awareness, aiming to contribute positively to financial inclusion and societal transformation.
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Kinara Capital provides flexible loans without property collateral to small business entrepreneurs. The company is focused on lending to growing businesses that require funding for working capital, capital assets, and start-up needs. Kinara Capital focuses on industries such as agri-products, handicraft production, water, food, and energy. Kinara Capital provides personalized customer service with a fast turnaround time by blending data-driven insights with a human touch. Led by a women-majority management team, Kinara Capital has impacted over half a million lives in India. Kinara Capital was founded on 2011 and is headquartered in Bangalore, Karnataka, India.
d.light is a company that designs, manufactures, and distributes solar lighting and power products, primarily aimed at households and small businesses lacking reliable electricity. Founded in 2007 as a for-profit social enterprise, d.light has developed a range of products, including solar lanterns, home systems, and various appliances, to serve over 2 billion people globally. With distribution hubs in East and West Africa, India, Southeast Asia, and the United States, the company has reached over 65 million individuals, providing affordable and accessible solar solutions. d.light is committed to transforming energy usage and payment methods, enhancing the quality of life for users in rural and semi-urban areas through its innovative solar-powered products. The company operates from its headquarters in Palo Alto, California, with additional offices in key locations such as Shenzhen, China; Gurgaon, India; Nairobi, Kenya; Kampala, Uganda; and Lagos, Nigeria.
Samunnati is a provider of financial intermediation, market linkages, and advisory services that are used to enhance the value of all players across the agriculture value chain. The company aims to provide underserved households access to markets through financial intermediation and advisory services by focusing on the key economic drivers of a district. The objective is to aid the enterprises and value chains to operate at a higher level of productivity thereby creating value for all the stakeholders engaged in it. Samunnati was established in 2014 and is headquartered in Chennai, Tamil Nadu.
Private Equity Round in 2017
Greenlight Planet Inc. develops and manufactures solar lighting and energy devices aimed at underserved populations. Founded in 2009 and based in Chicago, Illinois, with offices in Mumbai and Nairobi, the company designs products like the Sun King solar lamps and home energy systems. These products are distributed through a network of partners, including micro-finance institutions and local micro-entrepreneurs, enhancing accessibility to affordable solar energy solutions. Greenlight Planet's mission focuses on delivering reliable and cost-effective home energy products to improve the living conditions of households in the developing world. The company operates in various countries across Africa and India, ensuring a broad reach for its innovative solar technologies.
SolarNow Services (U) LTD specializes in the design, development, and sale of solar systems, providing a range of solutions tailored for households, small businesses, farms, and corporate clients. Founded in 2011 and headquartered in Kampala, Uganda, the company offers a variety of products including solar home systems, electrical appliances, solar water pumps, and various household items such as fridges and chargers. SolarNow aims to meet the energy needs of both rural and urban communities in East Africa, emphasizing affordability and flexibility through financing options. As a subsidiary of SolarNow B.V., which is based in Nijmegen, the Netherlands, the company has established branch locations in Uganda and Kenya to expand its reach and impact in the region.
M-Kopa Kenya Limited is a leading provider of solar home systems, specializing in pay-as-you-go energy services for off-grid customers. Founded in 2011 and based in Nairobi, Kenya, M-Kopa began commercial operations in 2012 and has since expanded its reach to Uganda and Tanzania. The company offers a range of solar products, including systems that provide lighting, phone charging, and solar-powered radios, which are sold through over 1,000 retail agents and shops. M-Kopa utilizes a proprietary technology platform that integrates mobile payments and IoT connectivity, allowing customers without credit histories to access essential products and services. With a dedicated team of over 500 staff, the company is committed to delivering innovative solutions that meet the needs of underserved communities, continually improving its offerings through data-driven insights and customer relationship management.
Private Equity Round in 2017
Fawry for Banking Technology and Electronic Payments S.A.E. is an electronic payment network based in Giza, Egypt, founded in 2008. The company provides a wide range of financial services to both consumers and businesses, facilitating payment solutions through various channels including online platforms, ATMs, mobile wallets, and retail locations. With a network of approximately 111,000 service points, Fawry caters to around 20 million customers, including individuals, businesses, and financial institutions. Its offerings encompass payment gateways, e-commerce solutions, bill payments, customer acquisition, and business-to-business collection services. Fawry's extensive network includes small retailers, pharmacies, and post-offices, all equipped with point-of-sale systems to enable convenient and reliable transactions.
Sohan Lal Commodity Management Pvt Ltd, based in New Delhi, India, specializes in agricultural commodity warehouse management and procurement services. Founded in 1971, the company provides a range of offerings, including commodity warehousing, agricultural financing, collateral management, risk mitigation, and analytical services. Its Commodity Market Intelligence division conducts primary and secondary crop surveys and monitors crop cycles. The company also ensures quality testing of agricultural products and offers pest control and disinfestation services for stored grains. In addition, Sohan Lal Commodity Management provides assaying, trade and export services, and skill-building initiatives. Its diverse clientele includes farmers, processors, millers, traders, importers, exporters, commodity exchanges, and government entities, with operations extending across India and into Myanmar.
Exten offers invoice financing solutions tailored for small and medium businesses, focusing on receivables prepayment services. By facilitating access to immediate cash flow, Exten enhances the operational efficiency of these businesses. Their services aim to strengthen relationships between customers and sellers, fostering sustainable connections that ultimately boost productivity.
Zola Electric provides off-grid solar solutions primarily for African markets, focusing on Tanzania, Rwanda, Ghana, and the Ivory Coast. The company offers solar home kits that can be either leased or purchased, utilizing a pay-as-you-go micro-finance model that accommodates various income levels. By employing advanced solar, battery, and power electronics technology, Zola Electric delivers renewable energy systems tailored to the needs of individual households and businesses in rural communities. Since its inception in 2012, the company has powered over 180,000 homes and businesses. Formerly known as Off-Grid Electric Tanzania Limited, it rebranded to Zola Electric in July 2018 and has established its headquarters in Arusha, Tanzania, with an additional office in San Francisco, California. The company has garnered recognition through various awards and has attracted investment from notable firms, including Tesla and EDF.
GIBSS, a WWF ClimateSolver Partner and a pioneer in high performance building systems, helps businesses reduce operating costs in their buildings by up to 60% through a suite of ultra energy efficient products in the area of air conditioning, hot water generation and lighting. GIBSS Geothermal air conditioning, hot water cogeneration systems and LED technologies are offering compelling triple bottom line benefits to over 250 commercial and industrial buildings across India. With its zero initial investment or Pay from Savings model and performance bank guarantees, GIBSS has made state of the art technologies commercially viable to its clients. GIBSS has been recognized for its contribution to innovation and economic impact by the Ministry of Science & Technology, Government of India through the India Innovation Award.
Punjab Renewable Energy Systems Private Limited engages in plantation, procuring, storing, preserving, processing, and supplying biomass. Its products and services include generation of bio-energy, briquetting and pelleting, steam supply contracts, build own operate and transfer, assessment and validation studies, operation and maintenance, project management consultancy, energy audit, and energy plantation. The company was incorporated in 2011 and is based in Navi Mumbai, India.
DesiCrew Solutions Pvt. Ltd is a business support services company based in Chennai and Bengaluru, India, that specializes in business process outsourcing. Founded in 2007 and incubated at IIT-Madras, DesiCrew provides a wide range of services, including data entry, digitization, data validation, content support, digital asset management, machine learning, and customer interaction management. The company caters to a diverse clientele, including mass media corporations, multinational technology firms, FMCG companies, and online platforms. DesiCrew is known for its impact sourcing approach and employs over 1,000 individuals, focusing on enhancing customer engagement and improving overall customer experiences through various tailored solutions.