We are delighted to announce that this week,
The bond issue was well received by Nordic institutional and retail investors and included large local investors like
In large parts of the emerging world, financial services for consumers and MSMEs are largely either unavailable, of poor quality and/or discriminately expensive. Since inception, VEF has invested in fintech companies contributing to development of society and small businesses across the
Digital financial services, such as mobile wallets, electronic payments, fintech apps and digital credit services have proven to reach people previously excluded from basic banking. Many of the companies that we invest in and sit on the boards of, are pioneers of financial inclusion for the under-and-unbanked (Jumo and Konfio), while others are driving down the price of financial services to their markets/segments of focus (Creditas, Rupeek).
“This sustainable bond is an important step in our deepening work with sustainability. We are strong believers in fintech as a means for financial inclusion. We are very proud of the impact our portfolio has on the financial inclusion of people and MSMEs in EM and the role we play in this.”
“We are proud that our capital is having a positive impact on access to fair and affordable financial services across the emerging world, while staying true to our mandate of delivering a healthy return for our investors. We are grateful for the backing we received from some of the largest financial institutions in the Nordics in raising this dedicated money.”
© Modular Finance, source