Finnfund is a Finnish development finance company that provides long-term risk capital for private projects in developing countries. Apart from co-investing with Finnish companies they can finance ventures that use Finnish technology, cooperate with Finnish partners on a long-term basis or generate major environmental or social benefits.

Finnfund

Investment Manager

Investment Associate

Senior Investment Manager

Associate Director

Director of Administration

MD, CEO

Director of Communications

Deputy CEO

Nafoods Group raised $5000000 on 2020-03-30 in Post-IPO Debt

A pioneer group in developing green and sustainable agricultural value chains.

Nafoods Group

ETG raised $15000000 on 2020-05-11 in Debt Financing

ETG, established in 1967, is one of the largest and fastest growing integrated agricultural conglomerates in sub-Saharan Africa, importing and exporting soft commodities to and from 48 countries including Tanzania, Kenya, Malawi, Mozambique, Nigeria and South Africa. It also has supply chain operations in China, India, America, Middle East, and South East Asia; merchandising desks in Europe, and; treasury companies in Singapore, Mauritius and UAE. Globally, ETG is present across 48 countries. 

ETG runs its business under five business verticals:
1. Fertilizer and Farm Inputs: ETG is one of the largest importers and distributors of fertilizers and farm inputs in sub-saharan africa
2. Cash traded products: Pulses, Sesame seed, Cashew and Rice are key commodities in this vertical. ETG is the world largest trader and processor of Pulses as well as world largest trader for raw cashew nuts. 
3. Exchange traded commodities: Grains & oilseeds, sugar, coffee, cocoa, maize and soybean are key products in this segment. ETG is one of the major players for maize and soybean in sub-shara africa
4. Consumer Branded (Vamara): ETG operates multiple processing plants across 14 countries to manufacture products that are targeted to African consumers. ETG has 22 brands in its portfolio that offers products from vegetable cooking oil, condiments, and spreads, etc. 
5. Logistics: ETG operates a very successful and integrated Logistics platform. ETG has a network of more than 400+ warehouses across 32 countries and a fleet of more than 900 trucks. ETG provided end-to-end Logistics services across sub-Sahara Africa.

Proximity Finance raised $14000000 on 2020-07-01 in Venture Round

Proximity Designs is a non-profit charitable organization, which designs and manufactures agricultural and farming equipment. The foundation offers sprinklers, solar irrigation pumps, foot-powered water pumps, plastic water pumps, and sprayers. It also provides agronomy advisory services, social services, agricultural financing services, and economic policy research services in Myanmar. Proximity Designs was formerly known as IDE Myanmar and changed its name to Proximity Designs in 2008. The foundation was founded in 2004 and is headquartered in South Pasadena, California. It has an additional office in Yangon, Myanmar.

Proximity Designs

CIM Sante raised $10000000 on 2021-11-05 in Venture Round

CIM Sante

Kashf Foundation raised $25000000 on 2021-02-16 in Debt Financing

Founded in 1996, Kashf Foundation has worked to pioneer microfinance services that empower and promote the economic self-reliance of poor women and their families in Pakistan. Kashf is now one of the premier microfinance institutions in the country, disbursing $202 million USD in loans to date and providing more than one million people with access to financial capital.

Kashf Foundation

Yalelo raised $6000000 on 2019-09-18 in Venture Round

Yalelo is a pioneer of aquaculture in Zambia, bringing together local resources and world-leading practices. We implement a scalable solution to ease the pressure on Zambia’s struggling wild-capture fisheries sector. Founded in 2011, we have grown quickly to become the leading fisheries firm in Zambia and among the largest aquaculture firms in Africa. We breed and grow our tilapia on the shores of Lake Kariba and sell our product fresh nation-wide. Our pristine water, locally produced non-GMO fish feed and a robust cold-chain results in a product quality and affordability that is transforming the customer experience.

Yalelo Limited

JUMO raised $52000000 on 2018-09-18 in Series B

We’re building next-generation financial services technologies to empower emerging market entrepreneurs. 

We use advanced data science and machine learning to create the fastest and leanest financial services infrastructure. Our partners use our technology stack to offer savings, lending and insurance products to entrepreneurs in emerging markets.These next-generation products give anyone with a cell phone and mobile wallet access to unprecedented financial choice, enabling millions of people to prosper, build their businesses and drive economic growth.

Jumo World Limited

Twiga Foods raised $50000000 on 2021-11-01 in Series C

Twiga is a mobile-based supply platform for Africa’s retail outlets, kiosks, and market stalls. The company is using a mobile-based, cashless, business-to-business (B2B) supply platform to access distribution into the millions of small and medium-sized vendors in African urban markets.

Founded in 2013, Twiga is based in Nairobi, Kenya.

Twiga Foods Ltd.

TPL Insurance raised $3000000 on 2022-04-15 in Venture Round

TPL Insurance Limited provides general insurance products and services in Pakistan. It offers auto, home, micro and group health, travel, fire and allied perils, business interruption or consequential loss, terrorism, engineering, marine, and Takaful insurance products, as well miscellaneous insurance products that cover losses for cash in safe, cash in transit, fidelity guarantee, workmen compensation, plate glass, and neon signs. The company was formerly known as TPL Direct Insurance Limited and changed its name to TPL Insurance Limited in December 2017. The company was incorporated in 1992 and is headquartered in Karachi, Pakistan. TPL Insurance Limited is a subsidiary of TPL Corp Limited.

TPL Insurance Limited

Wave Mobile Money raised $91870014 on 2022-07-07 in Debt Financing

Wave Mobile Money provides an app-based financial solution to save, transfer, and borrow money. Wave Mobile Money is on a mission to make Africa the first cashless continent. On a continent where less than 10% of the population has a bank account, Wave is building the first modern financial network — no account fees, instantly available, and accepted everywhere! It is building life-changing financial infrastructure. When mobile money succeeded in Kenya, it lifted about a million people out of poverty. And yet, over 10 years later, most Africans still lack access to affordable ways to save, transfer or borrow the money they need to build businesses or provide for their families. Wave is solving this problem by using technology to build a radically inclusive and extremely affordable financial network.

Wave

Valency International raised $10000000 on 2022-04-15 in Debt Financing

Valency International

Indifi Technologies raised $18805258 on 2021-11-23 in Series D

Indifi Technologies Pvt. Ltd. operates an online platform that connects lenders and borrowers to provide loans. The company offers different lifecycle support services for lenders, which include marketing and customer relationship management (CRM), data aggregation, data analysis, on-ground support, loan monitoring, and payment management. It serves clients in e-commerce, travel, hospitality, retail, and trading businesses. The company was incorporated in 2015 and is based in Gurugram, India.

Indifi Technologies Private Limited

Advans Group raised $11596797 on 2021-10-13 in Debt Financing

Advans Group is a venture capital investment arm of Horus Development Finance. The firm invests in the form of equity, loans, and guarantees. It invests in microfinance institutions. The firm focuses its investments in the Africa, Middle East  and Asia region. It is typically the lead shareholder in its investments. The firm invests as a majority shareholder in microfinance institutions. Advans Group was founded in August 2005 and is based in Luxembourg, Luxembourg.

Advans Group

d.light raised $7000000 on 2022-03-14 in Venture Round

d.light design inc. designs, manufactures, distributes, and sells solar light and power products for households and small businesses worldwide. The company solar lanterns, home systems, and appliances. It serves customers through a network of importers, distributors, and retailers, as well as online. The company was founded in 2004 and is based in Palo Alto, California with additional offices in Shenzhen, China; Gurgaon, India; Nairobi, Kenya; Kampala, Uganda; and Lagos, Nigeria.

d.light design

EthioChicken raised $5005854 on 2021-06-02 in Venture Round

EthioChicken PLC, a poultry company, produces and distributes day-old chicken. It offers eggs and meat. EthioChicken PLC was formerly known as Mekelle Farms PLC. The company was founded in 2010 and is based in Ethiopia with production centers Ethiopia.

EthioChicken PLC

Bandwidth and Cloud Services Group raised $12000000 on 2021-08-13 in Debt Financing

Bandwidth and Cloud Services (BCS) Group is the premier provider of back haul data and cloud services to mobile operators and Internet Service Providers in East Africa (Kenya, Tanzania, and Uganda). The Group is a shareholder in The East African Marine System (TEAMS).
Further they provide hosted services that add value to the day to day lives of the 'Wananchi' in East Africa and in turn increase the need for bandwidth.

Bandwidth and Cloud Services Group

Starsight Energy raised $10000000 on 2019-06-14 in Debt Financing

Starsight Energy provides premier clean on-grid and off-grid energy services to commercial and industrial clients in Africa. We make clean energy a smart bottom-line decision for clients by eliminating all up-front costs. Clients pay an all-inclusive monthly fee for end-to-end service.

Starsight Energy

Access Bank raised $162500000 on 2019-03-11 in Post-IPO Debt

Access Bank provides banking products and services to individual and business customers in Ghana. It offers standard savings and current, access advantage, solo, and premier accounts. The company also provides online banking services that include ATM, online access, and point-of-sale terminal services; and bills payment and Western Union money transfer services.

Access Bank Plc.

M-BIRR raised $4000000 on 2012-01-04 in Seed Round

M-BIRR Limited provides mobile banking services. It offers M-BIRR, a software as a service platform that provides mobile money services to financial institutions. The company also offers domestic money transfer, balance and mini-statement, cash in/out agent network, loan and saving repayment, mobile top-up, salary disbursement, goods payment, and international remittance services. In addition, it provides business, marketing, and strategy consulting services. The company serves residential and business customers; and banks and microfinance institutions in Ethiopia. M-BIRR Limited was incorporated in 2001 and is based in Dublin, Ireland.

M-BIRR

JUMO raised $24000000 on 2017-11-07 in Debt Financing

Fuzu raised $1920000 on 2016-12-03 in Seed Round

Fuzu is a mobile-first career development platform for users in emerging economies, from Africa and Middle East to Asia and Latin America.

Fuzu takes a fresh approach to job-seeking, recruitment and learning - with focus on testing and developing one’s skills and competencies.

Fuzu keeps the users engaged by continuously offering high quality content and news and by maximizing the power of social networks in career management.

Fuzu

Incap raised $2574486 on 2008-11-26 in Post-IPO Equity

Incap Oyj, together with its subsidiaries, provides electronics manufacturing services in Finland, Estonia, India, and China. The company offers PCB assembly manufacturing, box build assembly, and prototyping and engineering services, as well as customized solutions, such as tester development and magnetic assemblies. It serves the suppliers of high-technology equipment. The company was founded in 1985 and is headquartered in Helsinki, Finland.

Incap

Africado raised $2834386 on 2019-02-07 in Debt Financing

Africado is an avocado plantation at the foot of the Kilimanjaro in Tanzania. 

Established in 2007, Africado has developed and grown a business from start up to becoming the largest fruit exporter in Tanzania, producing and exporting Hass avocado to the EU. The company works with over 2,000 small scale out-growers. Norfund provided 40% of the equity required for the project.

Africado

Fuzu raised $3846776 on 2020-03-10 in Series A

Yalelo raised $6000000 on 2019-09-18 in Private Equity Round

Mobisol raised $11474087 on 2017-07-11 in Debt Financing

Mobisol GmbH develops and installs solar home systems that provide electricity to power LED lights, radios, mobile phones, and various household and consumer appliances. Its solutions also include home and productive use appliances. The company is based in Berlin, Germany with additional offices in Tanzania, Rwanda, and Kenya. As of October 31, 2019, Mobisol GmbH operates as a subsidiary of ENGIE SA.

Mobisol

Maarifa Education Holdings raised $7000000 on 2019-09-03 in Venture Round

Maarifa Edu Holdings Limited provides tertiary education in Africa. The company was founded in 2014 and is headquartered in Nairobi, Kenya.

Maarifa Edu Holdings Limited

Kasha raised $1000000 on 2020-04-01 in Venture Round

Kasha is a platform for women’s health products and information serving women across all socioeconomic levels in urban and rural areas.

Kasha

JUMO raised $3000000 on 2018-04-10 in Series A

Starsight Energy raised $9371092 on 2020-12-14 in Debt Financing

EthioChicken raised $10000000 on 2016-07-01 in Debt Financing

Starsight Energy raised $10000000 on 2021-01-14 in Debt Financing