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

Latest news

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Government proposes new Finnfund Act

The Government will submit a proposal to Parliament for a new act on Finnfund,…

Finnfund economist Tangeni Shatiwa: “India’s growth, green transition and digitalisation offer significant opportunities for impact investors and Finnish companies”

India’s economy is growing strongly. At the same time, private investment is picking up,…

CFO Insights into Q2 2026

The first half of 2026 was characterised by strong portfolio growth. The portfolio reached…

Aravest raises additional capital from Finnfund to support August Energy’s growth across Southeast Asia and India

Finnfund commits USD 15 million to Aravest-managed investment vehicle, providing follow-on growth capital for…
woman holding a file with EVF logo.

Finnfund signs senior loan agreement with EVF to support women-led businesses and green transition in Vietnam

Finnfund has signed a senior loan agreement of USD 15 million with EVF General…
solar panels in colombia

Finnfund and Proparco invest USD 33 million in ERCO to accelerate Colombia’s clean energy transition with support from the European Union

Finnfund, a Finnish impact investor, and Proparco, France’s development finance institution, complemented with a…

Risk management does not reduce impact – it makes impact possible

When people hear the term risk management, they often imagine someone whose job is…

Independent evaluation: “Finnfund and Finnpartnership are key instruments for advancing Finland’s international objectives”

Impact investor Finnfund and the Finnpartnership programme are key instruments for implementing Finland’s development…

What drives successful impact management? Insights from Finnfund’s OPIM verification

A key question in impact investing is how to manage impact effectively in practice.…
people sorting nuts

Finnfund joins USD 600 million sustainability-linked financing for ETG

Finnfund is participating in a USD 600 million sustainability-linked loan facility for ETG, alongside…

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.