FMO

SolarX is a renewable energy company based in Bamako, Mali, specializing in the design, supply, and installation of grid-connected solar photovoltaic systems for commercial and industrial clients in West Africa. Founded in 2020, the company offers a range of turnkey renewable solutions, including engineering, procurement, installation, commissioning, and financial leasing. Its product offerings encompass grid-connected photovoltaic systems that allow direct electricity use, PV-diesel hybrid systems that combine solar and diesel generators, solar pumping systems for water supply during daylight hours, and stand-alone PV systems equipped with batteries for independent energy use. By providing clean and efficient solar solutions, SolarX aims to facilitate the adoption of renewable energy and promote sustainable practices in the region.

Northern Arc Capital Limited is a non-banking financial company based in Chennai, India, established in 1989. The company specializes in providing a range of financial services, including microfinance, agricultural finance, housing finance, vehicle finance, and consumer finance. It also offers small business and gold loans, along with fintech services. Northern Arc focuses on connecting high-quality originators to enhance financial service access for underserved households and businesses. In addition to its lending services, the company provides structured products, capital market instruments, term loans, debt syndication, guarantee-backed lending, and fund management services. Originally known as IFMR Capital Finance Private Limited, the company rebranded to Northern Arc Capital Limited in March 2018.

BRAC, originally established as the Bangladesh Rural Advancement Committee in 1972, has evolved into the largest development organization globally, focusing on creating opportunities for the impoverished. Beginning as a relief operation in a remote village, BRAC now employs a holistic approach to development that emphasizes community participation and empowerment. By leveraging local human and material resources, BRAC implements various initiatives, including microfinance, education, healthcare, legal services, and social enterprises, to foster sustainable change. With a mission centered on inclusion, BRAC's efforts have positively impacted approximately 135 million people across 11 countries in Asia, Africa, and the Caribbean. The organization boasts a workforce and network of trained entrepreneurs numbering in the hundreds of thousands, solidifying its status as a global leader in development.

Greenlight Planet Inc. develops and manufactures solar lighting and energy devices aimed at underserved populations. Founded in 2009 and based in Chicago, Illinois, with offices in Mumbai and Nairobi, the company designs products like the Sun King solar lamps and home energy systems. These products are distributed through a network of partners, including micro-finance institutions and local micro-entrepreneurs, enhancing accessibility to affordable solar energy solutions. Greenlight Planet's mission focuses on delivering reliable and cost-effective home energy products to improve the living conditions of households in the developing world. The company operates in various countries across Africa and India, ensuring a broad reach for its innovative solar technologies.

Validus Capital Pte. Ltd. operates an online lending marketplace that connects small and medium-sized enterprises (SMEs) with accredited and institutional investors. Founded in 2015 and based in Singapore, Validus is the largest SME financing platform in the country, focusing on providing short-term and medium-term financing to underserved SMEs. The platform facilitates early approval for loans, offers competitive interest rates, and allows for revenue growth. Investors benefit from a range of options without onboarding fees and can minimize risk through fractionalization and portfolio management. Validus employs data analytics and artificial intelligence to enhance its services and aims to promote inclusive growth for SMEs across the ASEAN region, with operations also in Indonesia, Vietnam, and Thailand. The company is regulated by the Monetary Authority of Singapore and has received necessary registrations in its regional markets.

XacBank is a prominent banking institution based in Ulaanbaatar, Mongolia, recognized as the fourth largest bank in the country. With a loan portfolio of 395 million USD, it serves approximately 298,000 borrowers and savers, achieving a yearly return on equity of 22%. The bank has shifted its focus from microfinance to small and medium-sized enterprises (SMEs), consumer lending, and mortgages, reflecting its adaptability to the evolving economic landscape driven by a growing mining sector. XacBank has invested significantly in enhancing its operational capabilities and technology to meet the needs of underserved populations, both in urban and rural areas. The bank is also engaged in facilitating access to affordable housing and environmentally friendly energy through government and developmental funds. Additionally, XacBank offers non-financial services, including financial literacy programs and business support, particularly to low-income customers in collaboration with non-governmental organizations.

liwwa, Inc. operates a peer-to-peer lending platform that connects small and medium-sized enterprises (SMEs) seeking capital with individual and institutional investors. Founded in 2013 and based in Amman, Jordan, the platform allows borrowers to apply for loans while offering investors the opportunity to earn regular monthly returns on their investments. liwwa's model includes conducting in-house credit reviews of businesses to ensure credibility, facilitating a lease-to-own structure that provides interest-free returns to investors. The company aims to enhance capital access for SMEs in the MENA region, enabling business owners to raise funds for assets and facilitating profitable lending opportunities for investors.

XacBank is a prominent banking institution based in Ulaanbaatar, Mongolia, recognized as the fourth largest bank in the country. With a loan portfolio of 395 million USD, it serves approximately 298,000 borrowers and savers, achieving a yearly return on equity of 22%. The bank has shifted its focus from microfinance to small and medium-sized enterprises (SMEs), consumer lending, and mortgages, reflecting its adaptability to the evolving economic landscape driven by a growing mining sector. XacBank has invested significantly in enhancing its operational capabilities and technology to meet the needs of underserved populations, both in urban and rural areas. The bank is also engaged in facilitating access to affordable housing and environmentally friendly energy through government and developmental funds. Additionally, XacBank offers non-financial services, including financial literacy programs and business support, particularly to low-income customers in collaboration with non-governmental organizations.

Aavishkaar, founded in 2001 and based in Mumbai, is a venture capital firm that focuses on early-stage investments in Asia Pacific and Africa. The firm aims to catalyze development in underserved regions by identifying capable entrepreneurs and providing them with capital, along with a supportive environment to build sustainable enterprises. Aavishkaar distinguishes itself by adapting venture capital methodologies to serve low-income markets, emphasizing execution innovation rather than relying solely on technology and product breakthroughs. The firm has established a diverse portfolio, investing over $155 million in sectors such as agriculture, dairy, education, energy, handicrafts, health, water and sanitation, technology for development, microfinance, and financial inclusion. Aavishkaar is expanding its operations internationally through the Aavishkaar Frontier Fund, targeting countries with significant low-income populations. The firm aims to invest in 300 start-up companies across emerging economies within the next decade, promoting enterprise-based development to achieve sustainable and equitable economic growth. To support these initiatives, Aavishkaar plans to raise $1 billion over ten years.

Business and sustainability can go hand-in-hand. Their unique strategy interweaves business goals with environmental sustainability and social responsibility, producing mutually beneficial results. By contributing to community’s socio-economic development in the short-term, they foresee delivery of continual value to their shareholders. Through their community engagement initiatives, they are contributing to uplift the lifestyle of communities they work with.

Validus Capital Pte. Ltd. operates an online lending marketplace that connects small and medium-sized enterprises (SMEs) with accredited and institutional investors. Founded in 2015 and based in Singapore, Validus is the largest SME financing platform in the country, focusing on providing short-term and medium-term financing to underserved SMEs. The platform facilitates early approval for loans, offers competitive interest rates, and allows for revenue growth. Investors benefit from a range of options without onboarding fees and can minimize risk through fractionalization and portfolio management. Validus employs data analytics and artificial intelligence to enhance its services and aims to promote inclusive growth for SMEs across the ASEAN region, with operations also in Indonesia, Vietnam, and Thailand. The company is regulated by the Monetary Authority of Singapore and has received necessary registrations in its regional markets.

Tata Capital Financial Services Limited is a non-banking finance company based in Mumbai, India, offering a wide range of financial services to retail, corporate, and institutional customers. Established in 2007, the company operates through three main segments: Financing Activity, Investment Activity, and Others. It provides various loans, including those for cars, two-wheelers, personal needs, business, and loans against property and securities. Tata Capital also engages in corporate investment, wealth management, financial product distribution, and advisory services. The company has a private equity arm that focuses on growth capital investments in small and medium-sized enterprises across diverse sectors such as technology, healthcare, and manufacturing. With a commitment to meeting the financial needs of its clientele, Tata Capital serves as a comprehensive financial services provider within the Tata Group.

Kingo Energy, founded in 2013 and headquartered in Guatemala City, Guatemala, specializes in manufacturing solar energy systems aimed at providing reliable electricity to underserved rural communities. The company's mission is to improve the quality of life for individuals living without access to a dependable power grid, particularly in regions facing extreme poverty. Kingo offers a prepaid solar energy service that is more affordable than traditional lighting methods, such as candles and kerosene. Their solar energy kits can power essential household items, including light bulbs and mobile phone chargers, with payment options tailored to customers' budgets. Kingo has already benefited over 100,000 people, with significant reported improvements in cost savings, educational performance, and productivity among users. The company operates in Central America and South Africa, with ambitions to expand its reach to over 3 million individuals by 2020. Kingo's executive team comprises experienced professionals from various sectors, including consumer markets, telecommunications, and energy.

Lendable, Inc. is a financial technology company based in San Francisco that specializes in providing debt financing and risk analytics for lenders operating in emerging and frontier markets. Founded in 2014, Lendable offers a comprehensive database containing market repayment, demographic, and contextual data, which aids in the improvement and validation of credit models. The company's risk engine assesses individual credit risk as well as portfolio and group-level risk, facilitating informed lending decisions. By connecting alternative lenders with institutional debt investors, Lendable aims to enhance access to financing for high-growth fintech firms in regions such as Africa, ultimately striving to make impact investing a viable asset class and serve the financial needs of millions of underserved borrowers.

liwwa, Inc. operates a peer-to-peer lending platform that connects small and medium-sized enterprises (SMEs) seeking capital with individual and institutional investors. Founded in 2013 and based in Amman, Jordan, the platform allows borrowers to apply for loans while offering investors the opportunity to earn regular monthly returns on their investments. liwwa's model includes conducting in-house credit reviews of businesses to ensure credibility, facilitating a lease-to-own structure that provides interest-free returns to investors. The company aims to enhance capital access for SMEs in the MENA region, enabling business owners to raise funds for assets and facilitating profitable lending opportunities for investors.

Kingo Energy, founded in 2013 and headquartered in Guatemala City, Guatemala, specializes in manufacturing solar energy systems aimed at providing reliable electricity to underserved rural communities. The company's mission is to improve the quality of life for individuals living without access to a dependable power grid, particularly in regions facing extreme poverty. Kingo offers a prepaid solar energy service that is more affordable than traditional lighting methods, such as candles and kerosene. Their solar energy kits can power essential household items, including light bulbs and mobile phone chargers, with payment options tailored to customers' budgets. Kingo has already benefited over 100,000 people, with significant reported improvements in cost savings, educational performance, and productivity among users. The company operates in Central America and South Africa, with ambitions to expand its reach to over 3 million individuals by 2020. Kingo's executive team comprises experienced professionals from various sectors, including consumer markets, telecommunications, and energy.

Kingo Energy, founded in 2013 and headquartered in Guatemala City, Guatemala, specializes in manufacturing solar energy systems aimed at providing reliable electricity to underserved rural communities. The company's mission is to improve the quality of life for individuals living without access to a dependable power grid, particularly in regions facing extreme poverty. Kingo offers a prepaid solar energy service that is more affordable than traditional lighting methods, such as candles and kerosene. Their solar energy kits can power essential household items, including light bulbs and mobile phone chargers, with payment options tailored to customers' budgets. Kingo has already benefited over 100,000 people, with significant reported improvements in cost savings, educational performance, and productivity among users. The company operates in Central America and South Africa, with ambitions to expand its reach to over 3 million individuals by 2020. Kingo's executive team comprises experienced professionals from various sectors, including consumer markets, telecommunications, and energy.

Ujjivan Financial Services Limited, founded in 2005 and headquartered in Bengaluru, India, specializes in providing a comprehensive range of financial services aimed at economically active poor individuals in urban and semi-urban areas. The company offers a variety of products, including micro and rural finance, housing loans, personal and vehicle loans, and loans for micro and small businesses. Additionally, Ujjivan provides group and individual insurance products. Its subsidiary, Ujjivan Small Finance Bank Limited, was established in 2016 and focuses on serving financially unserved and underserved segments through banking products, including savings and current accounts, fixed deposits, and an array of loan offerings such as agricultural, educational, and personal loans. Ujjivan operates a significant network of banking outlets and ATMs, reflecting its commitment to financial inclusion in India.