FinDev Canada

Established in 2018, FinDev Canada is a development finance institution based in Montreal. It provides innovative financing solutions to businesses in developing countries, focusing on sectors such as alternative energy, agriculture, and financial services. Its mission is to foster market development, empower women, and mitigate climate change through sustainable investments.

Lori Kerr

CEO and Board Member

Paul Lamontagne

Managing Director and Board Member

Alain Longpre

Director, Mobilization and Blended Finance

Paulo Martelli

Chief Investment Officer

Past deals in Sub Saharan Africa

Stanbic IBTC

Debt Financing in 2024
Stanbic IBTC is a leading Nigerian financial services group offering a wide range of banking, investment banking, pension management, and wealth management services. With over 180 branches nationwide and digital platforms, it caters to both individuals and businesses, providing current accounts, savings, loans, cards, internet banking, and mobile money services. Its investment banking arm offers innovative advisory, capital markets, and debt arranging solutions, while its pension management subsidiary specializes in retirement saving accounts and fund administration.

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.

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.

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.

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.

FirstRand

Post in 2020
FirstRand is a South African financial services group offering banking, insurance, and investment products to retail, commercial, corporate, and public sector clients across Africa. Its key subsidiaries include First National Bank (FNB), Rand Merchant Bank (RMB), WesBank, and Ashburton Investments.

JCM Power

Venture Round in 2019
JCM Power is a Canadian-based developer and operator of renewable energy projects. It focuses on utility-scale solar photovoltaic and wind projects as well as HVDC transmission lines, developing and operating assets in growth markets across Africa, Latin America, and South Asia. Founded in 2009 and headquartered in Toronto, the company applies its Canadian development experience to international markets with rising demand for clean power, pursuing a diversified portfolio of renewable energy assets.
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