European Investment Bank
The European Investment Bank (EIB), established in 1958, is a long-term lending institution owned by the EU Member States. Headquartered in Luxembourg, it offers a wide range of financing solutions, including project loans, loans to banks and intermediaries, venture capital funds, and equity investments. EIB also provides structured finance products, guarantees, and securitization instruments, along with advisory services for infrastructure projects, urban development, and small to medium-sized enterprises. Its portfolio is predominantly composed of loans (93.08%), with a small portion allocated to debt and fixed income, shares, and other assets. EIB's mission is to support European integration and social cohesion, primarily within the European Union and internationally.
Past deals in Ethiopia
M-Birr
Venture Round in 2018
M-BIRR Limited is a fintech company based in Dublin, Ireland, established in 2001. It provides mobile banking services primarily through its flagship platform, M-BIRR, which enables financial institutions in Ethiopia to offer a range of mobile money services. This includes domestic money transfers, cash management, loan and savings repayments, and international remittance services. M-BIRR has established itself as the leading mobile financial service in Ethiopia, known for its extensive distribution network and high transaction volumes. The platform allows users to deposit and withdraw money from mobile wallets, pay utility bills, and facilitate offline purchases, thereby enhancing financial accessibility for both urban and rural customers. Additionally, M-BIRR offers consulting services in business, marketing, and strategy.
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