GJO & PartnersInvest Matching
← All funds

FMO

Public data, unclaimed profile

Banque néerlandaise de développement : institutions financières, énergie et agro-industrie dans les pays émergents.

Investment thesis

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

Reference deals

Recent public deals: they say better than a thesis what the fund actually signs.

M-KOPA Kenya

July 2026 · Kenya
Debt30 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

Lula

February 2026 · Afrique du Sud
Debt21 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 Faso
GrowthUndisclosed 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

HUB2

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'Ivoire
Undisclosed 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

In short

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.