19 posts found.
Selected Category: Asia
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
Finnfund invests in a solar panel factory in Thailand
Finnish corporation Solar Finland Ltd, a Finnish solar energy corporation, has signed an agreement to establish a joint venture in Thailand. The investment company Solar Finland Investment Ltd has agreed upon establishing a joint venture with an aim to establish a production facility for photovoltaic modules in Thailand. The joint venture, Salo Tech Thailand Ltd, […]
Read moreDecember 1, 2021
OP Finnfund Global Impact Fund I joins a group of investors supporting India’s leading MSME lending platform Indifi
CX Partners and OP Finnfund Global Impact Fund I (the first Finnish global emerging markets impact fund) along with existing investors CDC Group (the UK’s development finance institution), Omidyar Network, Elevar Equity, and Accel, have invested 19 million US dollars in Series D round of Equity Capital raise for Indifi Technologies, a digital financial services […]
Read moreNovember 24, 2021
Finnfund and University of Helsinki to invest together into microfinancing in Africa and Asia
Finnfund, a Finnish development financier and impact investor, announce today a EUR 10 million debt facility commitment to the Advans Group, one of the leading international microfinance group serving over one million clients in nine countries: Cambodia, Cameroon, Ghana, Democratic Republic of Congo, Cote d’Ivoire, Pakistan, Nigeria, Tunisia, and Myanmar. University of Helsinki participates in […]
Read moreOctober 12, 2021
OP Finnfund Global Impact Fund I invests in Sathapana Bank, Cambodia, to accelerate SME growth and women empowerment
OP Finnfund Global Impact Fund I, the first global emerging markets impact fund in Finland, invests USD 10 million in Sathapana Bank, one of Cambodia’s largest banks, aiming to accelerate the development of small and medium-sized enterprises (SMEs) and women empowerment. The funding provided by OP Finnfund Global Impact Fund I will allow Sathapana to […]
Read moreOctober 6, 2021
Nordic Impact Cooperation, owned by Finnfund and Norsk Solar, makes its first investment in Vietnam
Nordic Impact Cooperation AS (“Nordic Impact Cooperation”), owned by the Finnish Fund for Sustainable Development (“Finnfund”) and Norsk Solar AS (“Norsk Solar”, OSEBX ticker: NSOL) has made its first investment decision into a Norsk Solar-developed solar PV-project in Vietnam. Norsk Solar, a leading and fast-growing independent solar power producer, with a particular focus on the […]
Read moreAugust 20, 2021
CDC and Finnfund invest in microfinance pioneer to drive women entrepreneurship in Pakistan
CDC Group, the UK’s development finance institution and Finnfund, the Finnish development financier and impact investor, have provided a US$25 million senior unsecured loan facility to Kashf Foundation, one of the leading microfinance institutions in Pakistan. Kashf Foundation promotes female entrepreneurship and has so far enabled more than a million low-income families across Pakistan to […]
Read moreFebruary 16, 2021
Finnfund continues to drive financial inclusion by investing in Myanmar’s microfinance sector
Finnfund makes a 5.5 million USD senior loan investment in Early Dawn Microfinance Co., Ltd. (DAWN), the third largest microfinance company in Myanmar in terms of client outreach. The financing will support DAWN’s expansion in underserved townships and peri-urban areas. DAWN started as a Save the Children Myanmar Microfinance Program in 2002 and has since […]
Read moreNovember 24, 2020
OP Finnfund Global Impact Fund I to join a financing package to improve broadband access in rural Indonesia
OP Finnfund Global Impact Fund I, the first global emerging markets impact fund in Finland, has contributed USD 12.5 million to foster the work of Net1 Indonesia in bringing internet connectivity to underserviced areas in the fourth most populous country in the world. OP Finnfund Global Impact Fund I joins a group of investors, led […]
Read moreNovember 13, 2020
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