Banque néerlandaise de développement : institutions financières, énergie et agro-industrie dans les pays émergents.
- Investment ticket
- 21 M$ – 30 M$*
- Instruments
- Senior debt, Equity, Guarantee
- Preferred sectors
- Financial services, Fintech, Energy, Agribusiness
- Target geographies
- West Africa, East Africa, Central Africa, Southern Africa
* added from its deals
- Stages (stated by the fund and from its deals)
- Series AGrowthDebt
Recent public deals: they say better than a thesis what the fund actually signs.
M-KOPA Kenya
July 2026 · KenyaDebt30 M$Senior debtEnergyLead
Activity : Electric mobility
M-KOPA Kenya Mobility, the electric motorcycle financing arm of African fintech M-KOPA, has secured a USD 30 M senior debt facility from Dutch development bank FMO to accelerate electric motorcycle adoption in Kenya.
Source : weetracker.com
Fido Ghana
February 2026 · GhanaDebt5.5 M$Senior debtFintechCo-Invest
Co-investor alongside BlueOrchard Finance
Activity : Digital lending and scoring
Fido Ghana Secures $5.5M Debt to Sharpen AI Credit Scoring for Africa’s...
Co-investors Fortissimo Capital, Growth Investment Partners, Stanbic Bank Ghana
Source : launchbaseafrica.com
Lula
February 2026 · Afrique du SudDebt21 M$Senior debtFinancial servicesLead
Activity : SME finance
Lula , a South African fintech founded in 2014 by Trevor Gosling and Michael Foley, has raised ZAR 340 M (~USD 21 M) in funding from Dutch development bank FMO to scale lending to small and medium-sized businesses.
Source : weetracker.com
Coris Holding
October 2025 · Burkina FasoGrowthUndisclosed amountEquityFinancial servicesCo-Invest
Co-investor alongside Mediterrania Capital Partners
Activity : Banking
Instrument : Co-investissement de 100 M EUR mené par MCP
Coris Holding is a regional banking group operating across several WAEMU and West African countries through Coris Bank International.
Why they invested
- Strengthening Coris Holding's capital base.
- Supporting organic growth and regional expansion.
- Financing the group's M&A strategy.
- Strengthening SME finance and financial inclusion across the region.
Advisers
- Asafo & Co — conseil juridique, fund side
- Deloitte — due diligence financière et fiscale, fund side
- IBIS Consulting — revue ESG, fund side
- Strategy& — due diligence commerciale, fund side
- ADNA — conseil juridique, company side
- SEGEN Capital — conseil en transaction, company side
Co-investors BIO, British International Investment, Impact Fund Denmark
Source : mcapitalp.com
December 2024 · Côte d'Ivoire Series A8.5 M$EquityFintechCo-Invest
Co-investor alongside TLcom Capital
Activity : Fintech infrastructure (APIs, open banking, BaaS)
Vehicle : TIDE Africa Fund II
HUB2 provides a unified API enabling neobanks, remittance and payment companies to process mobile money, bank transfers, card and crypto transactions across six Francophone countries.
Why they invested
- Leader in payment interoperability across Francophone Africa
- Strong TPV growth (€70M in 2022 towards ~€1B targeted in 2024)
- Market underserved by Anglophone-focused players
Co-investors African Fintech Collective, Axian Group, Bpifrance (Fonds Averroès / Afrique), Digital Currency Group, ENL Group, Enza Capital, Eric Barbier
Source : weetracker.com
Joliba Fund I
September 2023 · Côte d'IvoireUndisclosed amountFund of fundsCo-Invest
Fund-of-funds commitment: subscription in Joliba Capital
Co-investor alongside IFC (International Finance Corporation)
Activity : Fonds d'investissement
Instrument : Souscription pouvant atteindre 15 M EUR (7,5 M EUR du programme SME Ventures, 7,5 M EUR du guichet IDA) · Vehicle : Joliba Fund I
Joliba Fund I is a private equity fund targeting SMEs in Francophone West and Central Africa. It invests in consumer goods and services, financial services, transport and logistics, agribusiness, business services, healthcare and education.
Why they invested
- Financing SMEs in Francophone West and Central Africa
- Targeting markets underserved by private equity
- Supporting consumer, financial, logistics, agribusiness and healthcare sectors
- Significant focus on IDA-eligible countries
Co-investors LBO France, Proparco
Source : ifc.org
FMO invests tickets ranging from 21 M$ to 30 M$, across the following sectors: Financial services, Fintech, Energy, and Agribusiness, in the following areas: West Africa, East Africa, Central Africa, and Southern Africa. Check in 30 seconds whether your company fits these criteria.