Regional Insurtech Igloo announced that it has successfully “raised an additional $27 million in its Series B extension, bringing a close to its Series B funding round at $46 million.” The initial Series B capital raise of $19M in March this year was “led by… Read More
Read more in: Asia, Insurtech | Tagged blueorchard, Igloo, insurance, insurance technology, insurtech, investment round, raunak mehta, southeast asia
BlueOrchard Finance, a Switzerland-based impact investment manager, and the Asian Development Bank (ADB) have entered a $50 million risk-sharing agreement for microfinance coverage in ADB’s developing member countries (DMCs). The firm is reportedly the first impact investment manager to work closely with the ADB’s microfinance… Read More
Read more in: Fintech, Asia | Tagged adb, asian development bank, blueorchard, europe, financial inclusion, impact investing, microfinance, microfinance institutions, switzerland
SATYA MicroCapital Ltd, a fast-growing micro-lending firm based in India, has reportedly secured INR 72.5 Crore (appr. $9.7 million) in capital from Switzerland’s impact investor, BlueOrchard Finance Ltd. This marks the second time that BlueOrchard has provided funding to SATYA since its launch in 2017…. Read More
Read more in: Fintech, Asia | Tagged blueorchard, business owners, emerging markets, impact investing, india, microfinance, microlending, satya, satya microcapital, women, women entrepreneurs
India-headquartered Aye Finance has acquired INR 1 billion (over $14 million) in debt funding from BlueOrchard. Aye Finance’s management noted that it will use the capital raised to further expand its line of products and services (in India), which mainly include its small to medium-sized… Read More
Read more in: Asia, Fintech, Global | Tagged aye finance, blueorchard, debt financing, india, investment round, sanjay sharma, smbs
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