FinDev Canada

FinDev Canada is a development finance institution established in 2018 and headquartered in Montréal, Quebec. It focuses on providing financial solutions to businesses in developing countries, aiming to foster market development, empower women, and address climate change. The institution primarily invests in sectors such as alternative energy, agriculture, and finance, targeting opportunities in Canada, Latin America, the Caribbean, and Sub-Saharan Africa. Through its innovative and sustainable approaches, FinDev Canada supports entrepreneurs and contributes to the economic growth of emerging markets.

Paul Lamontagne

Managing Director and Board Member

Paulo Martelli

Vice President and Chief Investment Officer

Lori Kerr

CEO and Board Member

Alain Longpre

Director, Mobilization and Blended Finance

27 past transactions

Stanbic IBTC Bank

Debt Financing in 2024
Stanbic IBTC Bank, a subsidiary of Stanbic IBTC Holdings PLC, is a leading commercial bank in Nigeria, offering a wide range of personal and business banking services. With over 180 branches nationwide and digital banking platforms, the bank provides current, savings, and domiciliary accounts, loans, credit cards, home loans, and internet banking. It also offers mobile banking services, including the award-winning *909# MobileMoney, and caters to small and medium-scale enterprises. Additionally, Stanbic IBTC Bank provides custodial services through its subsidiary, Stanbic Nominees Nigeria Limited. The bank is committed to financial inclusion and offers services tailored to various customer segments.

Access Bank

Debt Financing in 2024
Access Bank, established in 1988 and headquartered in Lagos, Nigeria, is a commercial bank that offers a wide range of banking products and services to individual and business customers. The bank operates in Ghana and provides various accounts, including standard savings and current accounts, as well as specialized options such as access advantage and premier accounts. Access Bank also offers online banking services, facilitating ATM transactions, online access, point-of-sale terminal services, bill payments, and Western Union money transfers. In addition to personal banking, the bank provides corporate and investment banking, commercial and business banking services, along with mortgage loans and sustainable international banking solutions.

West African Development Bank

Debt Financing in 2023
BOAD serves as the community's primary source of development financing. It is an autonomous and decentralized institution of the Union. In order to realize UEMOA's goals without jeopardizing those set forth in the UEMOA Treaty, it helps to gain total independence. It is a public organization with an international scope whose goal is to support the development and operation of a local financial market. The special fund that will be established will be given the responsibility of directly or indirectly absorbing offers and, possibly, fulfilling requests from the public for securities and will be given this responsibility above the banking system.

M-Kopa

Convertible Note in 2023
M-Kopa is a company that offers connected asset financing solutions aimed at underbanked customers. By leveraging a platform that integrates digital micropayments and Internet of Things (IoT) technology, M-Kopa facilitates access to essential products and services, including solar lighting, televisions, refrigerators, smartphones, and financial services. The company's innovative approach allows individuals without credit histories or substantial assets to secure financing, thereby improving their quality of life through affordable and accessible everyday essentials.

Cooprogreso

Debt Financing in 2023
Cooprogreso is a financial institution that offers medical assistance, life insurance, and payment services.

Genneia

Debt Financing in 2023
Genneia S.A. is an Argentine company focused on providing sustainable energy solutions. Founded in 1991 and based in Olivos, it generates electricity through a combination of thermal power plants, which utilize both biofuel and conventional methods, along with a wind farm located in Chubut. The company not only generates energy but also transports and distributes natural gas, contributing to the local energy infrastructure. Genneia is committed to developing and operating projects that harness renewable sources, including wind and solar, with an emphasis on high energy efficiency and reducing environmental impact.

Banco de Occidente

Debt Financing in 2022
Banco de Occidente is a commercial bank headquartered in Cali, Colombia, and ranks as the fifth largest bank in the country by asset size and portfolio as of mid-2016. Established in 1951, it operates as a subsidiary of Grupo Aval Acciones y Valores. The bank provides a wide range of financial products and services, including savings and current accounts, credit and debit cards, personal loans, insurance, and foreign trade services. Additionally, it offers leasing options and equipment credit, catering to both individual and business clients. Banco de Occidente has a national presence, with a network comprising 241 branches, 336 ATMs, and 9,671 banking correspondents, ensuring accessible banking solutions for its customers.

Ecobank

Post in 2022
Ecobank Transnational Incorporated, established in 1985 and headquartered in Lomé, Togo, provides a range of retail, corporate, and investment banking services across Africa and internationally. Its operations include Corporate & Investment Banking, Commercial Banking, and Consumer Banking, offering products such as current and savings accounts, loans, cards, and digital banking services. The bank serves a diverse clientele, including individuals, small and medium enterprises, multinationals, government agencies, and non-governmental organizations. With a network of 888 branches and over 2,460 ATMs, Ecobank facilitates various financial services, including treasury, cash management, remittance, and bancassurance. Subsidiaries such as Ecobank Nigeria Limited and Ecobank Zimbabwe Limited extend its services, focusing on commercial and retail banking tailored to local markets.

JMMB Group

Debt Financing in 2022
JMMB Group provides banking, investments, remittances, and insurance services to clients.

Banco Promerica de Costa Rica

Debt Financing in 2021
Banco Promerica de Costa Rica, S.A. is a prominent financial institution based in Escazú, Costa Rica, providing a comprehensive range of banking and financial services to both individuals and businesses. The bank offers various account types, including savings and current accounts, as well as mortgage and personal loans. It also provides a suite of card services such as debit, credit, and gift cards. In addition, Banco Promerica offers insurance products covering health, life, and personal accidents, along with foreign trade services like letters of credit and currency exchange. The bank enhances its service offerings with online and mobile banking, e-factoring, and digital signature services, aimed at facilitating convenient financial management. As a subsidiary of Promerica Financial Corporation, Banco Promerica de Costa Rica is committed to fostering long-term relationships with its clients and contributing to the country's development.

FEDECRÉDITO

Debt Financing in 2021
FEDECRÉDITO is a federation of credit banks and workers' banks that offers an electronic channel to perform financial operations.

Trade and Development Bank -TDB

Debt Financing in 2021
The Eastern and Southern African Trade and Development Bank (TDB), established in 1985, is a multilateral development financial institution with assets exceeding US$ 5 billion. Its mandate focuses on financing trade, promoting regional economic integration, and supporting sustainable development through various services, including trade finance, project and infrastructure finance, asset management, and business advisory services. Over the past five years, TDB has expanded its shareholder base from 19 to 35 members, which includes 22 Member States from the COMESA, EAC, and SADC regions, alongside 2 non-African countries and 11 institutional investors. During this period, the bank has seen a significant increase in shareholder equity funds by 150% and annual net profits by 100%, while successfully halving its non-performing loans. TDB operates regional offices in Nairobi, Harare, and Addis Ababa, with principal offices located in Bujumbura and Port-Louis.

Banco Sofisa

Debt Financing in 2021
Banco Sofisa is a commercial bank based in Brazil that offers a range of banking and financial services to both individuals and businesses. The institution focuses on providing tailored financial solutions, catering to the diverse needs of its clients. By leveraging its expertise in the banking sector, Banco Sofisa aims to support economic growth and development within the Brazilian market. The bank's offerings encompass various services, ensuring that it meets the financial requirements of its customers effectively.

Pacific Savings and Credit Cooperative

Debt Financing in 2021
Pacific Savings and Credit Cooperative maintains an organizational philosophy that rescues the values of their ancestors like solidarity, humility, and respect. The basis of our service is a financial institution that engages in financial products and services.

Alianza del Valle

Debt Financing in 2021
Alianza del Valle is a savings and credit cooperative that offers lending, savings accounts and credit facilities services.

Avla

Debt Financing in 2021
Avla is an insurance group that specializes in providing comprehensive financial solutions tailored for small and medium-sized enterprises (SMEs). The company offers a range of products, including surety, trade credit, SME credit, and mortgage credit solutions, which help connect SMEs with investors while ensuring protection for credit lines through insurance policies. In addition to facilitating access to judicial guarantees for SMEs, Avla aims to enhance the credibility of performance guarantee insurance, addressing challenges related to lengthy legal processes and the risk of non-payment of claims. The company's focus on financial guarantees, technical guarantees, and credit insurance underscores its commitment to supporting the financial needs of SMEs.

ETG

Debt Financing in 2021
ETG, established in 1967, is one of the largest and fastest growing integrated agricultural conglomerates in sub-Saharan Africa, importing and exporting soft commodities to and from 48 countries including Tanzania, Kenya, Malawi, Mozambique, Nigeria and South Africa. It also has supply chain operations in China, India, America, Middle East, and South East Asia; merchandising desks in Europe, and; treasury companies in Singapore, Mauritius and UAE. Globally, ETG is present across 48 countries. ETG runs its business under five business verticals: 1. Fertilizer and Farm Inputs: ETG is one of the largest importers and distributors of fertilizers and farm inputs in sub-saharan africa 2. Cash traded products: Pulses, Sesame seed, Cashew and Rice are key commodities in this vertical. ETG is the world largest trader and processor of Pulses as well as world largest trader for raw cashew nuts. 3. Exchange traded commodities: Grains & oilseeds, sugar, coffee, cocoa, maize and soybean are key products in this segment. ETG is one of the major players for maize and soybean in sub-shara africa 4. Consumer Branded (Vamara): ETG operates multiple processing plants across 14 countries to manufacture products that are targeted to African consumers. ETG has 22 brands in its portfolio that offers products from vegetable cooking oil, condiments, and spreads, etc. 5. Logistics: ETG operates a very successful and integrated Logistics platform. ETG has a network of more than 400+ warehouses across 32 countries and a fleet of more than 900 trucks. ETG provided end-to-end Logistics services across sub-Sahara Africa.

Produbanco - Grupo Promerica

Debt Financing in 2021
Produbanco - Grupo Promerica is a financial institution that offers a range of services and products tailored to meet the needs of its clients. They prioritize building strong relationships with customers based on mutual trust, providing dynamic and accessible solutions. With a focus on understanding and addressing local financial needs, Produbanco - Grupo Promerica aims to serve its clients in a personalized and efficient manner.

Miro Forestry & Timber Products

Venture Round in 2021
Miro Forestry Developments Limited is a commercial timber plantation business based in London, established in 2010. The company focuses on the cultivation of fast-growing, high-yield species such as eucalyptus, teak, and pine to produce a range of timber products, including sawn timber, utility poles, and plywood. Miro Forestry aims to provide quality and cost-competitive forestry products while promoting environmental sustainability and biodiversity. The company exports its timber products to European markets and offers social and economic benefits to local communities through its operations.

Banco Davivienda

Debt Financing in 2021
Banco Davivienda S.A., founded in 1972 and headquartered in Bogotá, Colombia, is a prominent banking institution that provides a wide range of financial products and services to individual and corporate clients. The bank specializes in retail banking, commercial banking, housing finance, and services tailored for small and medium enterprises. Its offerings include various deposit accounts, loans for consumers and businesses, asset and wealth management services, insurance agency services, credit cards, and payroll loans. With a presence in Colombia, Panama, Costa Rica, Honduras, El Salvador, and Miami, Banco Davivienda operates approximately 725 branches and over 2,600 ATMs, serving more than 6.6 million customers. As a subsidiary of Grupo Bolívar S.A., it is recognized as the third-largest bank in Colombia by assets and profits, employing a workforce of over 15,000.

Bancóldex

Debt Financing in 2020
Bancóldex, officially known as Banco de Comercio Exterior de Colombia S.A., serves as a key financial institution for entrepreneurs across Colombia, catering to micro, small, medium, and large enterprises. Founded in 1992 and headquartered in Bogotá, Bancóldex provides a range of financial products and services aimed at enhancing productivity and competitiveness among businesses. These offerings include financing for fixed and deferred assets, working capital, and support for engineering or construction projects. Additionally, the institution assists in the modernization of enterprises through special credit plans and liability re-composition services. Bancóldex also engages in export and import financing, documentary collections, and provides various banking services, such as managing letters of credit and wire transfers. To support entrepreneurs further, the bank offers micro insurance products and training programs, including virtual courses designed to foster self-development among business owners.

FirstRand Bank

Post in 2020
FirstRand Bank, established in 1998, is a prominent financial services provider based in Sandton, South Africa. It offers a wide range of banking, insurance, and investment products and services to retail, commercial, corporate, and public sector customers, both domestically and across various African countries. The company operates through several divisions, including First National Bank (FNB) for retail and commercial banking, Rand Merchant Bank (RMB) for corporate and investment banking, WesBank for installment finance, and Ashburton Investments for investment management. Its services span deposit products, loans, credit facilities, investment products, transactional services, insurance, advisory services, and wealth management, catering to a diverse client base that includes consumers, small businesses, medium corporates, parastatals, government entities, and the agricultural sector.

Latin American Agribusiness Development Corporation

Debt Financing in 2020
Latin American Agribusiness Development Corporation (LAAD) is a private investment and development company focused on fostering agribusiness projects across Latin America and the Caribbean. The company is dedicated to providing financing services specifically tailored for small and medium-sized enterprises in the agribusiness sector. LAAD specializes in offering medium and long-term loans to agribusinesses, aiming to enhance economic, environmental, and social development in the region. By adhering to sustainable standards, LAAD seeks to promote responsible growth and innovation within the agricultural industry, thereby contributing to the overall advancement of the local economies it serves.

CIFI

Debt Financing in 2020
CIFI is a non-banking financial institution that specializes in providing project finance and structuring services primarily to the energy, tourism, construction, and telecommunications sectors. The company focuses on middle-market infrastructure and energy financing, offering advisory services to various institutions in structuring financing deals. Additionally, CIFI extends loans to small and medium enterprises, facilitating the funding of infrastructure projects. By doing so, the company aims to support sustainable development for infrastructure and energy project developers in their respective regions.

JCM Power

Venture Round in 2019
JCM Power Corporation, established in 2009 and headquartered in Toronto, Canada, is an independent power producer (IPP) specializing in the development and operation of renewable energy projects globally. With regional offices in Mexico, South Africa, and Pakistan, the company focuses on solar photovoltaic and wind energy projects, along with high-voltage direct current (HVDC) transmission lines, primarily in Africa, Latin America, and South Asia. JCM Power's expertise, honed through over a decade of experience and 70 projects in Canada, enables it to successfully develop renewable energy solutions in emerging markets with high demand but limited experience in the sector. The company is currently expanding its portfolio to include multi-billion dollar clean power projects.

Cooprogreso

Debt Financing in 2019
Cooprogreso is a financial institution that offers medical assistance, life insurance, and payment services.

M-Kopa

Venture Round in 2018
M-Kopa is a company that offers connected asset financing solutions aimed at underbanked customers. By leveraging a platform that integrates digital micropayments and Internet of Things (IoT) technology, M-Kopa facilitates access to essential products and services, including solar lighting, televisions, refrigerators, smartphones, and financial services. The company's innovative approach allows individuals without credit histories or substantial assets to secure financing, thereby improving their quality of life through affordable and accessible everyday essentials.
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