27 posts found.
Selected Category: Asia
Finnfund and Swedfund invest in Siddhartha Bank to strengthen Nepal’s financial inclusion and financing to renewable energy
Finnfund and Swedfund complete their first direct investment within the Nepalese banking sector by providing a loan of 10 million US dollar each to Siddhartha Bank. The proceeds of the investment will be used to support the growth of micro, small and medium enterprises (MSMEs), agriculture and agribusiness, and the development of the hydropower sector […]
Read moreOctober 21, 2024
OP Finnfund Global Impact Fund I invests in the insurance sector to strengthen resilience in the Philippines
Triple P Capital, leading a group of investors, has completed the acquisition of an 85% stake in MAA General Assurance Philippines Inc. (“MAAGAP”) from MAA Group Berhad. The consortium of investors also include the International Finance Corporation (IFC), the German development finance institution DEG – Deutsche Investitions- und Entwicklungsgesellschaft MBH, Belgian Investment Company for Developing […]
Read moreMay 6, 2024
OP Finnfund Global Impact Fund I invests in AwanTunai to foster the digitalisation and growth of the MSMEs in Indonesia
OP Finnfund Global Impact Fund I, the first Finnish global emerging markets impact fund has invested USD 5 million in equity in AwanTunai, an Indonesian fintech company. AwanTunai offers affordable inventory purchase financing, integrated online ordering, and inventory management solutions to merchants and wholesalers across the country. Through this investment, OP Finnfund Global Impact Fund […]
Read moreApril 10, 2024
BII and Finnfund continue their support to women-led micro-enterprises in Pakistan through Kashf Foundation
Today, both British International Investment (BII), the UK’s development finance institution and impact investor, and Finnfund announced their continuing support to Kashf Foundation (Kashf), one of the leading microfinance institutions in Pakistan. BII has committed $15 million US dollars while Finnfund has committed $10 million US dollars as follow on investments. In 2021, Finnfund and […]
Read moreMarch 14, 2024
New Finnfund Insights focuses on Vietnam
“Vietnam has enjoyed robust economic growth and development throughout the 2000s, and the country has succeeded in reducing poverty significantly,” says Nea Tiililä, Economist at Finnfund. New Finnfund Insights covers the economic and political situation as well as the investment environment in Vietnam. Vietnam is one of the fastest-growing economies in Southeast Asia and globally, […]
Read moreMarch 13, 2024
The global economy has shown remarkable resilience, but low-income countries are suffering from the scars of recent shocks
The global economy has undergone unusual crises and volatility over the past years. According to the IMF’s just-released outlook, the global economy has shown resilience and continues to grow but at a slowing pace. The recent slowdown is more pronounced in advanced economies than in emerging and developing countries. Overall, global growth in 2023-24 will […]
Read moreOctober 23, 2023
Finnfund and FMO back SATYA MicroCapital with USD 35 million to make formal finance more accessible to women in India
Finnfund, the Finnish development financier and impact investor, and FMO, the Dutch entrepreneurial development bank, have announced a USD 35 million debt funding to SATYA MicroCapital Ltd, a Delhi-based RBI registered NBFC-MFI which provides affordable microcredit to women from low-income households across the rural areas of India. Finnfund invested USD 10 million ECB facility, with […]
Read moreJune 15, 2023
Solar panel production with Finnish know-how in Thailand: local conditions as a starting point for panel design
Solar Finland from Salo in Finland is a pioneer in solar energy. The first solar energy systems supplied by the company were commissioned more than 40 years ago and many of these systems are still operational. These sustainable, high-quality solar panels are now being produced at Salotech Thailand, a joint venture among Solar Finland, Finnfund […]
Read moreJune 7, 2023
Finnfund invests in regional insurtech Igloo to increase the insurance coverage in Southeast Asia
Finnfund is one of the investors in a financing package led by The InsuResilience Investment Fund II, initiated by German development bank KfW and managed by impact investor BlueOrchard Finance Ltd. The 27 million US dollar investment in regional insurtech Igloo brings the company closer to its vision of enabling ‘Insurance for All’. Igloo facilitates […]
Read moreNovember 29, 2022
Finnfund invests in VinFast, manufacturer of Vietnam’s first fully-electric public transport bus fleet
Finnfund is one of the investors in a 135 million US dollar financing package to VinFast in Vietnam. The company manufactures Vietnam’s first fully-electric public transport bus fleet and developed the first national electric vehicle (EV) charging network. The investment will support Vietnam’s efforts to achieve net-zero greenhouse gas emissions and expand high-tech manufacturing industries. […]
Read moreOctober 24, 2022