Bamboo Finance Announces the First Close of Financial Inclusion Fund II
Friday, April 17, 2015
Bamboo Finance, a private equity firm specializing in investing in business models that benefit low-income communities in growth markets, today announced the first close of
The Bamboo Financial Inclusion Fund II will make equity investments in the capital of banks and financial services companies targeting microenterprises, SMEs, the low and lower middle income segments as well as mobile money operators, correspondent banking businesses in growth markets where there remains significant exclusion from formal financial services globally in
Over the last seven years Bamboo Finance has built one of the largest and most diversified portfolios of financial inclusion private equity investments; representing 31 companies, 22 countries,
Microfinance institutions have translated lessons from the past decade into a diversified market of attractive investment opportunities with high quality loan portfolios, low levels of leverage, efficient operations and increasing interest from a variety of buyers including regional and international banks. Regulation has also accompanied this growth in most markets leading to improved governance. “These factors along with mobile technology adoption and new channels such as correspondent banking inspired the creation of the Bamboo Financial Inclusion Fund II. Microfinance has developed a lot over the last decade and is ready for the next generation of growth,” added
Source: Insurance News Net (link opens in a new window)
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