Bamboo Finance Reports Close of Financial Inclusion Fund II
Bamboo Finance reported the first close of
According to a media release, the Bamboo Financial Inclusion Fund II will make equity investments in the capital of banks and financial services companies targeting microenterprises, SMEs, the low and lower middle income segments as well as mobile money operators, correspondent banking businesses in growth markets where there remains significant exclusion from formal financial services globally in
"Our investment strategy for Financial Inclusion Fund II will leverage our experience, networks and proprietary pipeline to deliver attractive financial returns to our investors while enabling the low-income segments and MSMEs to access high quality and affordable financial services with a focus on increasing access to savings products," said Xavier Pierluca, Chief Investment Officer, Bamboo Finance.
Microfinance institutions have translated lessons from the past decade into a diversified market of attractive investment opportunities with high quality loan portfolios, low levels of leverage, efficient operations and increasing interest from a variety of buyers including regional and international banks. Regulation has also accompanied this growth in most markets leading to improved governance. "These factors along with mobile technology adoption and new channels such as correspondent banking inspired the creation of the Bamboo Financial Inclusion Fund II. Microfinance has developed a lot over the last decade and is ready for the next generation of growth," added
Social performance management has also evolved with an expanding group of initiatives including the
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Bamboo Finance is a commercial private equity firm specializing in investing in business models that benefit low-income communities in emerging markets with offices in Luxembourg,
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