Finnish development finance institution. Assets under management: ≈ USD 887m.
Based on observed investment behaviour: 17 recorded deals
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Describe your need: the target list shows, for each source of capital, why it fits and which deals prove it.
Criteria published by the fund, recorded and checked by Invest Matching.
* added from its deals
Recent public deals: they say better than a thesis what the fund actually signs.
Activity : Banking
Instrument : Nature Bond
Pan-African banking group operating in 34 countries and serving more than 30 million customers.
Why they invested
Source : finnfund.fiN1 · Primary source
Activity : Commercial & industrial energy
Instrument : follow-on investment
Company providing hybrid energy infrastructure for telecom sites, including solar-powered solutions.
Why they invested
Source : finnfund.fiN1 · Primary source
Activity : Banking
Instrument : loan
Commercial bank serving individuals and SMEs in Burundi and a subsidiary of Tanzania's CRDB Bank Plc.
Why they invested
Co-investors OeEB
Source : finnfund.fiN1 · Primary source
Activity : Telecom operators and ISPs
Kenyan internet service provider Poa Internet has secured $4m in debt financing from Finnfund, the Finnish development financier, to expand its affordable broadband.
Source : launchbaseafrica.com
Co-investor alongside British International Investment
Activity : Payments and mobile money
Wave, one of Africa’s most valuable startups, has raised a $137 million debt round to bolster its working capital and drive expansion across existing and new markets.
Co-investors Norfund, Rand Merchant Bank
Source : techcabal.com
Activity : Telecom towers and fibre
Instrument : Réinvestissement de 2 M EUR
Fibre operator providing affordable internet access to underserved South African communities through a pay-as-you-go model.
Why they invested
Source : finnfund.fiN1 · Primary source
Co-investor alongside DFC
Activity : Data centres and cloud
Cassava Technologies Raises $310M to Scale Africa Data Centers and Saisai Fintech,...
Source : launchbaseafrica.com
Co-investor alongside Partech Africa
Activity : Power transmission and distribution
Vehicle : Partech Africa
Beacon Power Services provides data and grid management solutions (AI-enabled mapping, real-time monitoring) to help African power distribution utilities operate more efficiently.
Why they invested
Co-investors Clermount, Gaia Impact, Global Brain, JGC MIRAI Innovation Fund, Kaleo Ventures, On.Capital, Proparco, Seedstars Africa Ventures
Source : partechpartners.comN1 · Primary source
Activity : Commercial & industrial energy
Instrument : mezzanine loan
Company providing hybrid power solutions for telecommunications sites in South Sudan.
Why they invested
Source : finnfund.fiN1 · Primary source
Activity : Medical devices and equipment
Instrument : debt and equity funding package
Medical oxygen producer and distributor operating in Kenya and Uganda, with hospital-based production sites and a new liquid oxygen facility.
Why they invested
Co-investors DFC, Grand Challenges Canada, Soros Economic Development Fund, UBS Optimus Foundation
Source : finnfund.fiN1 · Primary source
Activity : Renewable power plants: solar, wind, hydro, geothermal, biogas
Instrument : debt funding
35 MW geothermal power project located in Nakuru County, Kenya.
Why they invested
Co-investors African Development Bank, Trade and Development Bank
Source : finnfund.fiN1 · Primary source
Activity : Cloud and software infrastructure
Developer of KaiOS, an operating system for affordable mobile phones and low-connectivity markets.
Why they invested
Source : finnfund.fiN1 · Primary source
Activity : Telecom towers and fibre
Instrument : debt investment · Vehicle : OP Finnfund Global Impact Fund I
Telecom infrastructure provider focused on rural Sub-Saharan Africa.
Why they invested
Co-investors BlueOrchard
Source : finnfund.fiN1 · Primary source
Co-investor alongside IFC (International Finance Corporation)
Activity : Payments and mobile money
Instrument : Financement de 90 M EUR, dont 25 M EUR pour compte propre d'IFC
Wave operates mobile-money services in Senegal and Côte d'Ivoire. The financing supports operational expansion, broader product offerings and customer growth.
Why they invested
Co-investors BlueOrchard, Lendable, Norfund, responsAbility, Symbiotics
Source : ifc.orgN1 · Primary source
Activity : Cocoa, coffee and export crops
Instrument : debt facility commitment
Agricultural supply-chain company developing a cashew processing plant in Côte d'Ivoire.
Why they invested
Source : finnfund.fiN1 · Primary source
Activity : Microfinance
Instrument : Facilité de dette de 10 M EUR
International microfinance group serving small businesses in several African countries, including Cameroon, Ghana, DRC, Côte d'Ivoire and Nigeria.
Why they invested
Source : finnfund.fiN1 · Primary source
Activity : Data centres and cloud
Instrument : senior loan
Telecom infrastructure and cloud services provider operating across several countries in East, Central and Southern Africa.
Why they invested
Source : finnfund.fiN1 · Primary source
Finnfund invests tickets ranging from 3.4 M$ to 30 M$, across the following sectors: Agribusiness, Energy, Financial services, Manufacturing, Fintech, SaaS, Healthcare, and Telecoms & digital infrastructure, in the following areas: Kenya, Uganda, Ghana, Senegal, Nigeria, South Africa, Burundi, Cameroon, Côte d'Ivoire, South Sudan, and Togo. Check in 30 seconds whether your company fits these criteria.
