Home M-Birr Ethiopia M-Birr Ethiopia In brief M-Birr provides a fully-fledged suite of mobile money services in Ethiopia in cooperation with five leading Ethiopian microfinance institutions. M-Birr has also developed an application to pay for goods and other purchases using mobile money, an electronic payroll service and an application to distribute aid electronically, even to aid recipients without a mobile phone. Main development impact M-Birr is the first electronic payment service between financial institutions in Ethiopia. Also, M-Birr was the first electronic distributor of airtime. The payment service offers significant cost efficiencies to the microfinance institutions and the institutions will be able to develop new business models allowing them to serve clients in rural areas where their operations currently are not cost efficient. Investment details Name: M-Birr Ethiopia Project number: 80000088 Region: Africa Country: Ethiopia Sector: Digital infrastructure and solutions Signing date (month/year): April 2017 Currency: EUR Finnfund's financing (commitment): 1,000,000 Size of the project financing: EUR 1,000,000 Share of Finnfund's financing (%): 100 % Status: Active Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year. Other investments Name Country Signing date (month/year) Currency Finnfund's financing (commitment) Instrument M-Birr Ethiopia Ethiopia 2011 M-Birr Ethiopia Ethiopia 2016 M-Birr Ethiopia Ethiopia March 2021 EUR 466,000 Mezzanine April Read our transparency and disclosure policy More information: Ajankohtaista ja julkaisut Nykyiset investoinnit Toimialat Yhteystiedot Key facts Name: M-Birr Ethiopia Sector: Digital infrastructure and solutions Region: Africa Country: Ethiopia Currency: EUR Finnfund's financing (commitment): 1,000,000 Signing date (month/year): April 2017 Last update: September 2024