International Finance Corporation

The International Finance Corporation (IFC) is a member of The World Bank Group that focuses on fostering sustainable economic growth in developing countries through private sector investment. It provides a range of financial services, including loans, equity investments, quasi-equity products, and advisory services aimed at supporting startups and various stages of company development. IFC invests in sectors such as agribusiness, financial services, health, education, infrastructure, global manufacturing, oil and gas, telecommunications, and tourism, with a particular emphasis on projects that promote food security, digital finance, and affordable healthcare. The organization targets investments ranging from $1 million to $100 million, often seeking minority stakes but may also take a majority position in its portfolio companies. IFC aims to create jobs, generate tax revenues, and enhance corporate governance in emerging markets, thus contributing positively to local communities. Established in 1956 and headquartered in Washington, D.C., IFC operates globally with offices across various regions, focusing its efforts on financing projects that align with its mission of improving lives in developing countries.

Hyung K. Ahn

Principal Investment Officer

Irene Arias

Global Director of Financial Institutions Group and Director of Latin America and the Caribbean

Georgina Baker

Vice President, Latin America and the Caribbean, and Europe and Central Asia

Paulo de Bolle

Global Director

Peter Joseph Cashion

Head of Climate Finance FIG and CIO

Andrea Engel

Senior Country Officer, Principal Country Officer and Principal Country Manager

Rapti Goonesekere

Principal Economist

Christian Grossmann

Director for Climate Change

Mandeep Julka

Associate Investment Officer

Rana Karadsheh

Principal Investment Officer and Country Manager

Kyle Kelhofer

Country Manager for Vietnam

Alzbeta Klein

Global Industries Director and Director of Climate Business

Galina Vsevolodovna Klimenko

Principal Investment Officer of Financial Markets

Toshitake Kurosawa

Director

André Laude

CIO of Climate Finance

Mouayed Makhlouf

Regional Director of Middle East and North Africa

Paolo M. Martelli

Regional Industry Director of Latin America and the Caribbean

Atul Mehta

Senior Director of Telecom, Media and Tech, Venture Investing and Funds

Vivek Pathak

Director of East Asia and Pacific

Mary Porter Peshka

Director of Cross-cutting Advisory Services

Tomasz Telma

Senior Director of Manufacturing, Agri. and Services

Mary Beth Ward

Principal Syndications Officer and Team Leader

Tracy Washington

Principal Investment Officer for Global PE Funds and Regional and Sectoral Lead of SME Ventures Program

Al Murshed, Walid

Principal Country Officer

Past deals in Banks

Produbanco - Grupo Promerica

Debt Financing in 2023
Produbanco - Grupo Promerica is Offer financial services and products that respond to the local needs of our clients, in a dynamic, accessible and close way, based on a relationship of mutual trust.

Nubank

Post in 2023
Nubank issues, administrate, processes, and transfers payments related to post-paid credit cards and equity investment in other entities. It serves clients in Brazil. The company launched its proprietary loyalty rewards program ("Nubank Rewards"), as well as a digital account ("NuConta") that is already used by more than 17 million people. In Cristina Junqueira, David Velez, and Edward Wible founded EO2 Solucoes de Pagamento on May 6, 2013 that became Nubank in on June 25, 2013. It has its headquarters in São Paulo in Brazil.

Wave Mobile Money

Debt Financing in 2022
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.
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.

Vayana Network

Series C in 2022
Vayana Network is a financing network that enables Businesses and their Trade Partners to capture their entire receivable and payable trades electronically and finance through Banks and Financial Institutions. Businesses can finance their payables, or factor their receivables or make financing available to their counterparties. Vayana Network, in partnership with MasterCard and Banks, also offers its award winning Commercial Card solution for Payable financing.

AwanTunai

Series A in 2022
AwanTunai is a fintech company based in Jakarta Timur, Indonesia, established in 2017. It focuses on transforming the banking landscape for micro merchants by providing them with access to mobile-based loans for working capital. Through its innovative mobile application, AwanTunai digitizes the traditional fast-moving consumer goods (FMCG) supply chain, enabling online inventory ordering and facilitating digital payments for small and medium enterprises. The platform also connects borrowers with lenders, allowing Indonesian banks and multi-finance companies to offer affordable financing solutions. By supporting the financial needs of micro merchants and enhancing government initiatives, AwanTunai aims to improve the welfare of Indonesians who previously lacked access to conventional banking products.

Absa Bank

Funding Round in 2021
Absa Group Limited is a prominent financial services provider based in Johannesburg, South Africa, offering a diverse range of products and services both locally and internationally. The company specializes in personal and business banking, corporate and investment banking, as well as wealth and investment management. Its offerings include residential property finance, vehicle and asset finance, credit cards, personal loans, and a variety of insurance products. Absa also provides commercial property finance, agricultural loans, and a suite of transactional banking options, including savings and investment services. Additionally, the bank offers investment banking services, private equity, and corporate banking products, along with life insurance and fiduciary services. Absa's commitment to serving individual, enterprise, and commercial customers is evident through its comprehensive financial solutions, which include treasury services and cash management. The company was previously known as Barclays Africa Group Limited before rebranding to Absa Group Limited in May 2018.

Equity Banque Commerciale du Congo

Debt Financing in 2021
Equity BCDC offers retail, corporate and digital banking services.
Commercial International Bank (CIB), founded in 1975 and headquartered in Giza, Egypt, is a prominent financial services provider that caters to both individual and corporate clients. The bank offers a wide range of products, including deposits, savings accounts, loans, and private banking services, as well as e-banking solutions. CIB is particularly well-known for its corporate banking services, which encompass project finance, debt capital markets, structured products, and various financing options, such as working capital and syndicated loans. With strong brand equity, CIB serves over 500 of Egypt's largest corporations and demonstrates significant potential in the growing retail and SME banking sectors. Over its 40 years of operation, the bank has maintained its position as the most profitable commercial bank in Egypt, thanks to its effective management, high operating standards, and commitment to corporate governance.

Federal Bank

Post in 2021
Federal Bank, head quartered in Aluva, Kerala is the largest traditional private sector Bank in India and 4th among all private sector banks in India in terms of footprint. They enjoy the trust and confidence of more than 6 million customers across the world. Their stakeholders trust us for the sound principles of corporate governance and their value of human capital as Their primary source of strength. This has always triggered valuable initiatives at every turning point of their growth journey. Federal Bank shares are widely held and is listed in the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE). Their Global Depository Receipts are listed at the London Stock Exchange. They have 1200+ branches and 1400+ ATMs spread across 25 states and Union Territories of the country under 9 zones and 39 regions. their predominant position in Kerala and visible presence in Tamil Nadu, Karnataka, and Maharashtra is notable and they are in the process of widely expanding their presence in Gujarat, Punjab and North Eastern states. They also have their Representative Office in Abu Dhabi, UAE. They are pioneers among banks in India in the area of using technology to leverage its operations and were among the first banks in India to computerize all its branches. Federal Bank offers its customers, a variety of services such as Internet banking, Mobile banking, on-line bill payment, on-line fee collection, online religious offerings, depository services, online e trade services ,Cash Management Services, RTGS / NEFT facility, IMPS etc. as part of its strategy in enhancing the convenience to its customers.
Housing Development Finance Corporation (HDFC) is a prominent financial institution in India that specializes in providing housing finance solutions to both individuals and corporate clients. Established in 1977, HDFC offers a diverse range of loan products, including loans for purchasing, constructing, renovating, or extending homes, as well as loans for agricultural purposes and education. The corporation also caters to non-resident Indians and provides loans against property. In addition to its core lending activities, HDFC engages in life and general insurance, asset management, and various investment advisory services. The company operates through numerous outlets across India and maintains representative offices in key international cities, enhancing its reach and service delivery. By integrating the housing finance sector with domestic financial markets, HDFC aims to facilitate a greater flow of resources into the housing sector, thereby contributing to the overall development of the industry.

Klar

Series B in 2021
Klar is a fintech company providing a mobile app and a debit card that has the benefits of a credit card. Using the Klar card rewards users with cash of up to 4% cash back for each purchase, not points without confusing conversions or expiration dates. Clients can also send and receive payments and collections money instantly to Klar accounts and other banks. The Klar card is linked to an app where users can see all their movements in real-time. Stefan Moller, Daniel Autrique, Jeronimo Riefkohl, and Gianluigi Davassi established the fintech company in Mexico City, Distrito Federal in 2018.

Adumo

Venture Round in 2021
Adumo is a privately held independent payment service provider.

BRAC Bank

Debt Financing in 2021
BRAC Bank Limited provides various commercial banking products and services in Bangladesh. The company offers retail, wholesale, small and medium enterprises (SME), and Probashi banking products and services. It provides various deposit products, such as current accounts, fixed deposits, SME deposits, savings accounts, and term deposits. The company also offers loan portfolio comprising personal loans, auto loans, home loans, and secured loans/overdrafts.

Klar

Series A in 2020
Klar is a fintech company providing a mobile app and a debit card that has the benefits of a credit card. Using the Klar card rewards users with cash of up to 4% cash back for each purchase, not points without confusing conversions or expiration dates. Clients can also send and receive payments and collections money instantly to Klar accounts and other banks. The Klar card is linked to an app where users can see all their movements in real-time. Stefan Moller, Daniel Autrique, Jeronimo Riefkohl, and Gianluigi Davassi established the fintech company in Mexico City, Distrito Federal in 2018.

Union Bank of Nigeria

Debt Financing in 2020
Union Bank of Nigeria Plc is a retail and commercial bank headquartered in Lagos, Nigeria, with a history dating back to 1917. The bank offers a diverse range of financial products and services tailored for individuals, small and medium-sized enterprises, and corporate clients, primarily within Nigeria and the United Kingdom. Its operations are organized into four main segments: Retail Banking, Commercial Banking, Corporate Banking, and Treasury. The bank provides essential services such as current and savings accounts, debit cards, and online and mobile banking. Additionally, it supports SMEs with specialized accounts, loans, and financial solutions, along with comprehensive offerings in cash management, trade finance, and agribusiness. Union Bank of Nigeria Plc operates as a subsidiary of Union Global Partners Limited.

Equity Group Holdings

Debt Financing in 2020
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.

Access Bank

Post in 2020
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.

VPBank

Debt Financing in 2020
As one of the earliest-established Joint-stock Commercial banks in Vietnam, VPBank has achieved steady development throughout its history. Especially since 2010, VPBank has grown dramatically with the development and implementation of the strategic transformation program diligently with support from one of the world’s leading consulting companies.

Zenith Bank

Debt Financing in 2020
Zenith Bank Plc, established in May 1990 and headquartered in Lagos, Nigeria, is a leading commercial bank and the largest in the country by tier-1 capital. It became a public limited company in 2004 and is listed on the Nigerian Stock Exchange. With a shareholder base of approximately one million, Zenith Bank operates over 500 branches across Nigeria. The bank has expanded its presence internationally, with subsidiaries in Ghana, Sierra Leone, and Gambia, as well as a UK subsidiary, Zenith Bank (UK) Limited, which offers various financial services including asset management and trade finance. Zenith Bank also has representative offices in South Africa and China, and it aims to further extend its brand across other African countries and into European and Asian markets.

Yoma Bank

Funding Round in 2020
Yoma Bank Limited offers banking products and services. The company was founded in 1993 and is based in Yangon, Myanmar.

Raiffeisen UA

Debt Financing in 2019
Raiffeisen Bank International AG, headquartered in Vienna, Austria, offers a comprehensive range of banking services to private individuals, small and medium enterprises, as well as corporate and institutional clients. Its service portfolio includes corporate and retail banking, investment banking, cash management, electronic banking, and payment services. The bank provides various financing solutions such as trade finance, export finance, project finance, and working capital finance, along with credit and prepaid cards. Additionally, it offers investor services, including fund administration and brokerage, as well as specialized products like bank guarantees, letters of credit, and factoring services. Raiffeisen Bank International also assists clients with mergers, acquisitions, and other corporate finance activities. With a significant presence in Central, Southeastern, and Eastern Europe, the bank operates approximately 2,040 business outlets, reflecting its commitment to serving a diverse clientele effectively.

Orient Commercial Joint Stock Bank

Debt Financing in 2019
Orient Commercial Joint Stock Bank, founded in 1996 and headquartered in Ho Chi Minh City, Vietnam, provides a wide range of banking products and services. The bank offers various deposit options, including current and savings accounts, as well as loans for used car purchases and unsecured consumer loans. Its lending portfolio includes short-term, medium-term, and long-term loans, along with import and export letters of credit and credit card services. Additionally, the bank provides comprehensive financial management services, remittance services, and insurance products, including credit security plans and car insurance. With approximately 110 business units and a strategic partnership with Generali Vietnam Life Insurance LLC, Orient Commercial Joint Stock Bank focuses on enhancing customer experience through digital technology and expanding its service offerings. The bank has shown significant growth over the past 15 years and employs over 1,700 staff to cater to its expanding customer base across 18 provinces.

XacBank

Debt Financing in 2018
Xac Bank is the fourth largest bank in Mongolia with a loan portfolio of 395M USD, serving 298,000 borrowers and savers clients and deriving a yearly ROE of 22%. Xac Bank has demonstrated its ability to adapt to a fast growing and fast changing economic environment in Mongolia, on the back of a booming mining industry, and has re-focused its operations away from microfinance to SME, consumer lending and mortgages. In order to manage the associated risk, the bank has heavily invested in systems and human capabilities in order to serve the increasing need of underserved SMEs and urban as well as rural population. Xac Bank has also built an in-house mobile platform currently under upgrade in order to better serve the needs of its customers. Xac Bank is actively involved in deploying government and developmental funds to provide easier access to low cost housing and environment friendly energy to the lower layers of the Mongolian population. Finally, Xac bank is constantly providing non-financial services to the community under the form of financial literacy programs and business support to its lowest income customers via association with NGOs.

eFactorNetwork

Venture Round in 2018
It operates the most important electronic factoring marketplace in Mexico.

Branch International

Series B in 2018
Branch International Inc. is a digital lending company founded in 2015 and headquartered in San Francisco, California, with additional offices in Mumbai, Nairobi, Mexico City, and Lagos. The company leverages smartphone data to assess creditworthiness, allowing consumers in emerging markets to access personal loans through its Android application. By utilizing data science, Branch aims to reduce the cost of financial services and provide fair access to banking options, particularly for the growing middle class. The platform offers a quick approval process for loans, enabling users to build credit irrespective of their banking history and navigate the barriers posed by traditional financial institutions. Branch is committed to driving meaningful growth in rapidly evolving markets and has raised over $100 million in funding from notable investors in Silicon Valley.

Bandhan Bank

Private Equity Round in 2018
Bandhan Bank Limited is a commercial bank focused on micro banking and general banking services. Bandhan Bank has a license to provide banking services pan-India across customer segments. Bank offer a variety of asset and liability products and services designed for micro banking and general banking, as well as other banking products and services to generate non-interest income.

Radana Bhaskara Finance

Venture Round in 2018
Radana Bhaskara Finance is a financial services platform focusing more on motorcycle financing activities for both new and used motorcycles, used four-wheeled financing as well as multipurpose financing. The Company is currently headquartered in Jakarta with its branch offices spread across Java and Sumatra. As of November 30, 2015, the number of Branch Offices of the Company amounts to 49 Branch Offices.
An Binh Commercial Joint Stock Bank, a commercial bank, provides consumer and corporate banking services in Vietnam. The company offers consumer banking services, such as term and non-term savings, demand, and accumulated savings deposits; and unsecured consumption, home erection/renovation, secured consumption, business and production, car, home, listed and non-listed securities, overseas study, savings account book/account balance mortgage, and business and production supplementary loans. It provides corporate banking services, including commercial financing, import financing, pre-shipment export financing, SME financing, and co-financing loans; supplementary installment loans for business.

Botswana Building Society

Debt Financing in 2017
BBS is a financial institution whose principal business is residential and commercial property finance. BBS mission is to provide affordable property finance and attractive investment returns through efficient utilization of resources in the spirit of teamwork for the benefit of our stakeholders. Our vision is to be the premier provider of property finance and attractive investment returns in Botswana.

Guiabolso

Series D in 2017
GuiaBolso is a digital platform in Brazil that connects consumers to various financial products through an in-app marketplace, enabling real-time access and origination. By utilizing proprietary bank account aggregation technology, GuiaBolso offers users a comprehensive view of their finances, along with free credit bureau reports. This innovative approach allows users to access a range of fairly-priced loans based on actual credit risk, which is particularly significant in a market lacking a national credit score and characterized by high interest spreads. The platform also streamlines budgeting and financial control, automating processes and helping users select financial products from a curated list of partners. GuiaBolso's mission is to enhance individuals' financial well-being by providing the necessary information for better financial decision-making.

Guiabolso

Series D in 2017
GuiaBolso is a digital platform in Brazil that connects consumers to various financial products through an in-app marketplace, enabling real-time access and origination. By utilizing proprietary bank account aggregation technology, GuiaBolso offers users a comprehensive view of their finances, along with free credit bureau reports. This innovative approach allows users to access a range of fairly-priced loans based on actual credit risk, which is particularly significant in a market lacking a national credit score and characterized by high interest spreads. The platform also streamlines budgeting and financial control, automating processes and helping users select financial products from a curated list of partners. GuiaBolso's mission is to enhance individuals' financial well-being by providing the necessary information for better financial decision-making.

Moni

Venture Round in 2017
Moni operates a microloans platform that enables users to receive a cash advance online. Alejandro Estrada and Juan Pablo Bruzzo founded it in September 2013, with its headquarters in Buenos Aires in Argentina.

Britam

Post in 2017
Britam is a diversified financial services group, listed on the Nairobi Securities Exchange. The group has interests across the Eastern and Southern Africa region. The company offers a wide range of financial products and services in Insurance, Asset management, Banking and Property. The product range includes: life, health and general insurance, pensions, unit trusts, investment planning, wealth management, off-shore investments, retirement planning, discretionary portfolio management, Property development and private Equity.

Utkarsh Micro Finance

Venture Round in 2016
Utkarsh Micro Finance Private Limited is registered with Reserve Bank of India as Non Banking Finance Company (NBFC). Its registered office and corporate office is in Varanasi (Uttar Pradesh). It is started to provide financial and non financial services in its area of operations to the unbanked population who have the skill but are in need of capital. Initially it has started with credit and insurance, but eventually it will also undertake other activities to bring transformation in the lives of underprivileged.

Jana Small Finance Bank

Debt Financing in 2016
Janalakshmi Financial Services is a for-profit NBFC serving the urban underserved, with the promoter stake held in the not-for-profit entity Janalakshmi Social Services. This is the only NBFC in India structured in such a manner, with the deliberate intent of keeping the social spirit intact. Janalakshmi Financial Services' market-based approach to financial inclusion is defined by three distinct characteristics: first, an exclusive focus on servicing the needs of the urban poor; second, a strong customer-value driven approach in designing financial products and services; third, the centrality of technology and processes as the foundation of a scalable enterprise.

Guiabolso

Series C in 2016
GuiaBolso is a digital platform in Brazil that connects consumers to various financial products through an in-app marketplace, enabling real-time access and origination. By utilizing proprietary bank account aggregation technology, GuiaBolso offers users a comprehensive view of their finances, along with free credit bureau reports. This innovative approach allows users to access a range of fairly-priced loans based on actual credit risk, which is particularly significant in a market lacking a national credit score and characterized by high interest spreads. The platform also streamlines budgeting and financial control, automating processes and helping users select financial products from a curated list of partners. GuiaBolso's mission is to enhance individuals' financial well-being by providing the necessary information for better financial decision-making.

EMBonds

Series B in 2015
embonds (Emerging Markets Bond Exchange Ltd) is the world’s first electronic trading platform dedicated to trading emerging market bonds. Based in London and with development team located in Istanbul, embonds has started coverage of publicly traded sovereign and corporate fixed income securities in the London timezone covering both domestic and eurobond debt of the countries in Central and Eastern Europe, Middle East and Africa (CEEMEA). In most markets, embonds is able to offer domestic settlement for domestic instruments. embonds offers a transparent, easy to use and easy to access, multi-functional electronic platform. Their aim is to give asset managers, local primary dealers and global banks involved in emerging markets the tightest spreads possible on their trades by pooling liquidity from all participants. What’s more, as liquidity increases, those spreads are bound to narrow further still.

EMBonds

Series A in 2015
embonds (Emerging Markets Bond Exchange Ltd) is the world’s first electronic trading platform dedicated to trading emerging market bonds. Based in London and with development team located in Istanbul, embonds has started coverage of publicly traded sovereign and corporate fixed income securities in the London timezone covering both domestic and eurobond debt of the countries in Central and Eastern Europe, Middle East and Africa (CEEMEA). In most markets, embonds is able to offer domestic settlement for domestic instruments. embonds offers a transparent, easy to use and easy to access, multi-functional electronic platform. Their aim is to give asset managers, local primary dealers and global banks involved in emerging markets the tightest spreads possible on their trades by pooling liquidity from all participants. What’s more, as liquidity increases, those spreads are bound to narrow further still.

Suryoday Small Finance Bank

Venture Round in 2014
Suryoday Small Finance Bank Limited is a small finance bank in India focused on promoting financial inclusion for the unserved and underserved segments of the population. Established in 2008 and based in Navi Mumbai, the bank offers a range of banking services, including savings and current accounts, term deposits, and loans for mortgages, commercial vehicles, and micro, small, and medium enterprises. It also provides home loans, secured business loans, and group loans, along with various insurance products and pension schemes. The bank supports its customers with debit cards, NRI banking services, and digital banking facilities, while also operating 482 banking outlets across 12 states and union territories as of July 2020. Originally founded as Suryoday Micro Finance Limited, the institution rebranded in January 2017 to better reflect its broader banking services aimed at improving the financial well-being of economically disadvantaged individuals and reducing poverty in its operational areas.

RBL Bank

Venture Round in 2014
RBL Bank is one of India’s fastest growing scheduled commercial banks. It is continuously expanding its presence across India through a growing network of branches and ATMs. Established in 1943, RBL Bank undertook a transformational journey under a new management team in 2010. RBL Bank embarked on an aggressive growth plan based on a robust platform of strong governance, relationships, technology infrastructure, high quality capital and geographic expansion. Over the last two years, it has infused capital of over र 1,100 Crore from some of the most notable global and domestic names, taking the TIER 1 capital to र 1,600 Crore (approx.) Today, RBL Bank offers specialized services under the five business verticals: namely Corporate & Institutional Banking, Commercial Banking, Retail Banking, Agri & Development Banking and Financial Markets. The bank currently services over 5 Lakh customers and has a total business size of over Rs. 14,500 Crore. s of August, 2014, RBL Bank has grown to a network of 180 branches and 374 ATMs across 13 Indian states.

AB Microfinance Bank Nigeria

Debt Financing in 2014
AB Microfinance Bank Nigeria Limited is a foreign-owned financial institution located in Lagos, Nigeria, established in 2008. The bank specializes in providing a range of financial products and services tailored for micro, small, and medium-sized enterprises (MSMEs) as well as clients within the lower income bracket. Its offerings include savings, current, and term deposit accounts, along with a diverse lending portfolio that features micro, small, and medium enterprise loans. As a subsidiary of Access Microfinance Holding AG, AB Microfinance Bank aims to support the financial needs of its customers by fostering economic development in Nigeria.

Utkarsh Micro Finance

Debt Financing in 2013
Utkarsh Micro Finance Private Limited is registered with Reserve Bank of India as Non Banking Finance Company (NBFC). Its registered office and corporate office is in Varanasi (Uttar Pradesh). It is started to provide financial and non financial services in its area of operations to the unbanked population who have the skill but are in need of capital. Initially it has started with credit and insurance, but eventually it will also undertake other activities to bring transformation in the lives of underprivileged.

Avanse Financial Services

Venture Round in 2013
Avanse Financial Services Limited is a non-banking finance company based in Mumbai, India, specializing in education financing. Established in 1992, the company provides a range of loan products designed to support students pursuing higher education both in India and abroad. Avanse offers higher education loans that cover tuition fees and living expenses, as well as e-learning loans for vocational training, self-learning, and up-skilling programs. Additionally, it provides loans to educational institutions to meet their working capital and growth needs. Regulated by the Reserve Bank of India, Avanse aims to empower students by offering flexible and accessible financial solutions to help them achieve their academic and career aspirations, promoting the belief that financial constraints should not hinder educational opportunities.

SafetyPay

Venture Round in 2013
SafetyPay is a global, secure Internet payment solution that enables online banking customers to make online purchases from merchants worldwide and pay directly through their local bank account in their local currency. SafetyPay was developed in response to the growing need for a safe and secure online payment method, which also could be used internationally.

Earthport Plc

Post in 2013
Earthport plc is a global financial services company providing a cross border payments service in over 50 countries and territories worldwide.

RBL Bank

Venture Round in 2013
RBL Bank is one of India’s fastest growing scheduled commercial banks. It is continuously expanding its presence across India through a growing network of branches and ATMs. Established in 1943, RBL Bank undertook a transformational journey under a new management team in 2010. RBL Bank embarked on an aggressive growth plan based on a robust platform of strong governance, relationships, technology infrastructure, high quality capital and geographic expansion. Over the last two years, it has infused capital of over र 1,100 Crore from some of the most notable global and domestic names, taking the TIER 1 capital to र 1,600 Crore (approx.) Today, RBL Bank offers specialized services under the five business verticals: namely Corporate & Institutional Banking, Commercial Banking, Retail Banking, Agri & Development Banking and Financial Markets. The bank currently services over 5 Lakh customers and has a total business size of over Rs. 14,500 Crore. s of August, 2014, RBL Bank has grown to a network of 180 branches and 374 ATMs across 13 Indian states.

Utkarsh Micro Finance

Series C in 2013
Utkarsh Micro Finance Private Limited is registered with Reserve Bank of India as Non Banking Finance Company (NBFC). Its registered office and corporate office is in Varanasi (Uttar Pradesh). It is started to provide financial and non financial services in its area of operations to the unbanked population who have the skill but are in need of capital. Initially it has started with credit and insurance, but eventually it will also undertake other activities to bring transformation in the lives of underprivileged.

Equitas Holdings

Venture Round in 2012
Equitas Holdings Limited, through its subsidiaries, operates as a non-banking financial institution in India. The company operates in Banking and Finance, and Others segments. It accepts current and savings accounts, and term deposits; and offers micro finance loans, vehicle finance, housing finance, micro and small enterprises loans, agri loans, gold loans, business loans, etc. The company also offers online freight facilitation services under the Wowtruck brand name. It serves individuals, and micro and small enterprises. Equitas Holdings Limited was founded in 2007 and is based in Chennai, India.

Ujjivan

Venture Round in 2012
Ujjivan Financial Services Limited, founded in 2005 and headquartered in Bengaluru, India, specializes in providing a comprehensive range of financial services aimed at economically active poor individuals in urban and semi-urban areas. The company offers a variety of products, including micro and rural finance, housing loans, personal and vehicle loans, and loans for micro and small businesses. Additionally, Ujjivan provides group and individual insurance products. Its subsidiary, Ujjivan Small Finance Bank Limited, was established in 2016 and focuses on serving financially unserved and underserved segments through banking products, including savings and current accounts, fixed deposits, and an array of loan offerings such as agricultural, educational, and personal loans. Ujjivan operates a significant network of banking outlets and ATMs, reflecting its commitment to financial inclusion in India.