Thursday
July 22
2021

Light Microfinance Secures $10 Million Funding From European Investors

The point of impact investing is to use money and investment capital for positive social results.

Ahmedabad based Light Microfinance has secured $10 million (Rs75cr) in its Series-A funding from leading European Impact Investors Incofin (Belgian), Nordic Microfinance Initiative (Norwegian) and Triple Jump (Dutch).

This is the first such investment by Triple Jump in India. The three funds follow an investment strategy aimed at creating social or environmental impacts in addition to financial gains.

The point of impact investing is to use money and investment capital for positive social results.

Source: IIFL Securities (link opens in a new window)

Categories
Investing
Tags
environmental impact, ESG investing, funding, governance, impact investing, microfinance, social impact