Finnfund

We build a sustainable future and generate lasting impact by investing in businesses that solve global development challenges.

See a video about impact investing in developing countries.

45 years of experience from the developing markets

Finnfund is a development financier and impact investor. We build a sustainable future and generate lasting impact by investing in businesses that solve global development challenges.

We provide businesses operating in Africa, Asia and Latin America with risk capital, long-term investment loans, mezzanine financing and expertise on how to invest in the developing markets. We invest only in developing countries as defined by OECD/DAC.

We expect our projects to be profitable, socially and environmentally responsible and produce measurable development impact in their target countries.

We put special emphasis on sectors that are critical to sustainable development: renewable energy, sustainable forestry, sustainable agriculture, financial institutions and digital infrastructure and solutions. We do invest in other sectors as well when they match our investment strategy and meet our requirements.

Finnfund invests in businesses that drive sustainable development, whether they are companies that are already operational or in the process of being set up.

Leveraging state capital

Finnfund receives its funding from the State of Finland, private capital markets, and retained earnings from its investments. All profits are recycled into new projects that drive sustainable development.

Every year, we make 20-30 new investments worth 200-250 million euros. Today, Finnfund’s investments, commitments, and investment decisions total approximately 1.2 billion euros, of which half are in Africa.

Finnfund is owned by the Finnish State (96.64%), Finnvera (3,30%), and the Confederation of Industries (0.06%). Currently, we have 100 employees based in Helsinki.

Cooperation with other financiers

Finnfund is member of a group of European development financiers. EDFI (European Development Finance Institutions) is a group of 16 European development financiers, whose members finance private companies in developing and transitional economies.

Finnpartnership is a business partnership programme financed by the Ministry for Foreign Affairs of Finland and managed by Finnfund. Finnpartnership promotes business activities and partnerships with the aim of generating positive development impacts in the target country. Finnpartnership offers Finnish companies and organisations that are interested in developing markets financial support, guidance and contacts to help them establish long-term business activities.

Finnfund’s organisation

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Annual Report cover

Finnfund’s portfolio totals 857 million euros – more focus on advancing digitalisation and mobilising private capital through EU guarantees

Global tensions, shifting market conditions and growing geopolitical challenges shaped Finnfund’s operating context in…
Toucan Forestal view in Panama

Finnfund invests USD 15 million in Toucan Forestal to restore forests and advance nature‑positive impact in Panama

Finnfund, the Finnish development financier and impact investor, has signed a 15 million US…

Finnfund makes its first investment in Kyrgyzstan with a 10 million US dollar loan to Bailyk Finance, one of Kyrgyzstan’s largest microfinance institutions

Finnfund, the Finnish development financier and impact investor, has signed a 10 million US…

Finnfund Digital Access Impact Fund I invests in Ecofy to accelerate India’s retail green finance market

Ecofy, a pioneering green NBFC backed by Eversource Capital, today announced the successful closure…

Finnfund’s Economist Tangeni Shatiwa: A weaker dollar is steering global investors toward emerging markets

International investors are now allocating funds to emerging market (EM) assets at the fastest…
Hanna Loikkanen Chief Investment Officer Finnfund

Finnfund’s Hanna Loikkanen: Impact investing captivates private investors

The allure of impact investing among private investors is surging, with an increasing number…

Finnfund expands support for digital infrastructure and climate action in South Sudan with follow-on investment in CREI

Finnfund, the Finnish development financier and impact investor, makes a follow-on investment in Communication…

Finnfund’s Uusihakala: “Fixed broadband is the key to tackling poverty in developing countries”

The three digital divides The Coverage Gap refers to people living in areas without…

Finnfund strengthens support to women entrepreneurs in Pakistan through Kashf Foundation

Finnfund has announced a follow-on loan of 10 million US dollars to Kashf Foundation…

Finnfund’s Jussi Tourunen: “Energy solutions impact our planet’s future—Planetary boundaries now guide investment decisions”

Investing in energy has become an increasingly central theme for development finance institutions such…

Current investments

Finnfund is a development financier and impact investor. We build a sustainable future and generate lasting impact by investing in businesses that solve global development challenges.