Incofin Investment Management

Incofin Investment Management is a private equity firm specializing in investments in microfinance institutions and SMEs in developing countries, particularly focusing on rural populations, smallholder farmers, and agricultural value chains in emerging economies. With a focus on financial inclusion, the firm manages funds that invest in MFIs, providing financial services to those who cannot access traditional banking. Based in Wilrijk, Belgium, Incofin IM also has offices in Bogota, Colombia; Chennai, India; Nairobi, Kenya; Luxembourg; and Phnom Penh, Cambodia. With 15 years of experience in impact investing, the firm seeks to invest in companies with debt investment values ranging from €100,000 to €1 million, holding equity investments for seven years and making debt investments with maturities of one to five years. Their main goal is to support rural and agricultural sectors in developing countries through responsible investing practices.

Aditya Bhandari

Co-Head Asia Region

Paul Buysens

Chief Operating Officer

Loïc De Cannière

Chief Executive Officer

David Dewez

Regional Director LAC and Fund Manager Agro

Jan Dewijngaert

Director Private Equity

Ruben de Haseth

Director Private Equity

Geert Peetermans

Chief Investment Officer

Dina Pons

Regional Director East Asia and Impact Manager

Yanou Segers

Communication and Office Associate

Frederik Vandepitte

Chief Strategy, Investor Solutions and People

31 past transactions

Rent 2 Own(Myanmar)

Private Placement in 2018
Rent 2 Own (Myanmar) Ltd provides motorcycle rental services. The company was founded in 2015 and is based in Yangon, Myanmar.

Sempli

Venture Round in 2021
SEMPLI SAS operates an online lending platform for small and medium-sized enterprises. The company, through its platform, provides online loans and credit for working capital. It also provides specialized content, online courses, and tools in finance and corporate governance to support the financial management and administration of companies. SEMPLI SAS is based in Medellín, Colombia.

Veritas Finance

Debt Financing in 2018
Veritas Finance Private Limited, a non-banking finance company, provides financial services for micro, small, and medium enterprises (MSME) primarily in the rural and semi-urban areas in India. It offers MSME, working capital, and construction loans, as well as loans for business expansion, purchase of assets, construction of houses, etc. The company was founded in 2015 and is based in Chennai, India.

Sempli

Series A in 2019
SEMPLI SAS operates an online lending platform for small and medium-sized enterprises. The company, through its platform, provides online loans and credit for working capital. It also provides specialized content, online courses, and tools in finance and corporate governance to support the financial management and administration of companies. SEMPLI SAS is based in Medellín, Colombia.

Fusion Microfinance

Series B in 2013
Fusion Microfinance Private Limited, a non-banking financial company, provides micro-credit services to women entrepreneurs in rural and semi-urban areas in India. It offers micro-credit services to start new business or expand existing businesses; and life insurance products. As of March 31, 2019, the company operated through a network of 504 branches. Fusion Microfinance Private Limited was incorporated in 1994 and is headquartered in New Delhi, India.

Faircent

Series B in 2017
Faircent helps in eliminating the high margins which intermediaries like banks and financial institutions make on our transactions. Banks have massive overheads, with thousands of employees to pay and hundreds of branches to maintain. Banks must take large margins on the money that passes through them. Whereas at Faircent.com people who have spare money lend it directly to people who want to borrow. There are no banks in the middle, no huge overheads

Light Microfinance

Series A in 2021
Light Microfinance is a non-banking finance company registered with the Reserve Bank of India. Headquartered at Ahmedabad, Gujarat, Light Microfinance provides micro and meso finance products and services with gender and poverty-focused programs, targeting rural and peri-urban areas, with a specific focus on poor women. The company operates in Gujarat, Rajasthan and Madhya Pradesh and is one of the fastest growing microfinance companies in India today.

Unnati

Series A in 2021
Unnati is a fintech-based agri platform.

SuperZop

Series A in 2021
SuperZop is an Agri-commerce platform for Kirana stores that is transforming the unorganized retail sector with the use of disruptive technologies and process innovations. The platform also specializes in distribution, retail, technology, supply chain, B2B. It also has the goods delivered at his shop in quick time and easy to use vernacular interface the retailer can order all his grocery demands with a click of a button. SuperZop was founded in 2016 and is headquartered in Ahmedabad, Gujarat, India.

Saggraha Management Services

Venture Round in 2024
SaGgraha Management Services is a Bottom of the Pyramid financial services provider with a mission to contribute to the country's financial inclusion effort. The company is promoted by a team of professionals with banking, microfinance and financial services experience. The company believes at maintaining highest ethical and professional standards, governance and transparency.

Rite Water Solutions

Venture Round in 2023
Rite Water Solutions (I) Pvt. Ltd. provides solutions for rural, urban, and industrial water quality improvements. Its products include electro chlorinators, fluoride removal systems, reverse osmosis systems, filtration systems, gas chlorinators, auto chlorination systems, water quality monitoring systems, chlorine generator systems, DM and Mix bed systems, high purity water EDI systems, water quality testing instruments, and agitator and chemical dosing systems. The company also provides project management, planning and project design, site investigation, materials manufacture and supply, consultancy and specialist advice, general engineering and fabrication, and training services, as well as cost estimate, specification, and bills of material services. Rite Water Solutions (I) Pvt. Ltd. was incorporated in 2004 and is based in Nagpur, India.

Mufin Green Finance

Post in 2022
Mufin Green Finance is an NBFC that specialises in the electric vehicle (EV) market.

Sohan Lal Commodity Management

Merger/Acquisition in 2017
SLCM group is a one stop comprehensive agri-logistics company, having its Corporate Office in Delhi providing comprehensive agri-commodity Warehouse Management, Procurement, Logistics and Financial solutions to farmers, processors, traders, agri exchanges and government across India and now in Myanmar.

Rent 2 Own(Myanmar)

Debt Financing in 2019
Rent 2 Own (Myanmar) Ltd provides motorcycle rental services. The company was founded in 2015 and is based in Yangon, Myanmar.

Save Solutions

Series A in 2017
Elopments of the weaker section of the community/society as well as society in general under the respective philosophy of Indian Constitutional Justice, Liberty, Equlity & Fraternity as Socialist, Secular, Democratic, people's welfare Society for the National Development and Management through alternative naturing system of Indian Social Service in participatory way.

Sohan Lal Commodity Management

Secondary Market in 2017
SLCM group is a one stop comprehensive agri-logistics company, having its Corporate Office in Delhi providing comprehensive agri-commodity Warehouse Management, Procurement, Logistics and Financial solutions to farmers, processors, traders, agri exchanges and government across India and now in Myanmar.

Sempli

Private Placement in 2019
SEMPLI SAS operates an online lending platform for small and medium-sized enterprises. The company, through its platform, provides online loans and credit for working capital. It also provides specialized content, online courses, and tools in finance and corporate governance to support the financial management and administration of companies. SEMPLI SAS is based in Medellín, Colombia.

Juhudi Kilimo

Venture Round in 2019
Juhudi Kilimo provides asset financing, technical assistance, and business training services to smallholder farmers and small-to-medium agro businesses in Kenya. It offers financing for dairy cows and goats; poultry, pigs, rabbits, and other livestock as well as fish farming; agricultural equipment, including irrigation, agro-processing, and energy-related equipment; and motorcycles, bicycles, and other vehicles primarily to transport farm goods. The company was founded in 2004 and is based in Nairobi, Kenya.

Rent 2 Own(Myanmar)

Private Placement in 2019
Rent 2 Own (Myanmar) Ltd provides motorcycle rental services. The company was founded in 2015 and is based in Yangon, Myanmar.

SuperZop

Series A in 2021
SuperZop is an Agri-commerce platform for Kirana stores that is transforming the unorganized retail sector with the use of disruptive technologies and process innovations. The platform also specializes in distribution, retail, technology, supply chain, B2B. It also has the goods delivered at his shop in quick time and easy to use vernacular interface the retailer can order all his grocery demands with a click of a button. SuperZop was founded in 2016 and is headquartered in Ahmedabad, Gujarat, India.

Save Solutions

Series A in 2021
Elopments of the weaker section of the community/society as well as society in general under the respective philosophy of Indian Constitutional Justice, Liberty, Equlity & Fraternity as Socialist, Secular, Democratic, people's welfare Society for the National Development and Management through alternative naturing system of Indian Social Service in participatory way.

Unnati

Series B in 2023
Unnati is a fintech-based agri platform.

Light Microfinance

Series B in 2022
Light Microfinance is a non-banking finance company registered with the Reserve Bank of India. Headquartered at Ahmedabad, Gujarat, Light Microfinance provides micro and meso finance products and services with gender and poverty-focused programs, targeting rural and peri-urban areas, with a specific focus on poor women. The company operates in Gujarat, Rajasthan and Madhya Pradesh and is one of the fastest growing microfinance companies in India today.

Arthan Finance

Series B in 2024
Arthan Finance is an endeavours to transform small businesses with an objective to provide growth capital to self-employed micro and small enterprises in India with innovative products and services blended with local expertise while ensuring seamless and personalised delivery in a highly technology enabled environment.