Over a third of the world’s adult population have limited or no access to official financial services. Most of these people live in Sub-Saharan Africa and Asia.
The growth of mobile banking lays the foundation for making official financial services available to all. This mostly benefits people with low income or who live in remote areas or are difficult to reach for other reasons. Access to financial services also empowers women.
Credible, reasonably-priced financing helps small farmers and entrepreneurs, thus paving the way for economic growth and new jobs.
Finnfund invests in micro-finance institutions, other financial institutions and fintech companies. At present, Finnfund’s investments and commitments in this sector total 120 million euros.
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