Accion, Leapfrog and Lok Invest $25M in IFMR Holdings in India

From The Mint:

Mumbai–Financial inclusion service provider IFMR Holdings Pvt Ltd. said on Thursday it has raised $25 million in equity from Accion International, LeapFrog Investments and impact investment fund Lok Capital.

Accion is investing $12.5 million of the total, LeapFrog Investments $9 million and Lok Capital $3.5 million.

The company provides access to finance through well-functioning markets for low-income households. It provides its services through micro-loans, small business finance, rural finance for commercial vehicles, and rural channels that provide credit, insurance and pensions.

Related News

Comments are closed

Copyright 2017 IMPACT ALPHA. All RIGHTS RESERVED.

ia-logo-footer
Register Now!
Enjoy FREE access to
ImpactAlpha: Investment News for a Sustainable Edge
Daily news, featured articles, newsletters, podcasts, webinars, special events and more!