Mesofinance Media - News #TransactionsMesofinance Media - News #Transactionshttps://www.mesofinance.org/news/tag/transactionsSat, 03 Jan 2026 04:53:07 -0800http://zoho.com/sites/<![CDATA[Edtech Klas raises $1m to expand platform for teachers, learners in round led by Ingressive Capital]]>https://www.mesofinance.org/news/post/edtech-klas-raises-1m-to-expand-platform-for-teachers-learners-in-round-led-by-ingressive-capitalEdtech facilitating online education raises $1m]]>
Klas, a Nigeria-based facilitator of lessons taught by 5,000 teachers to 300,000 learners in 30 countries, recently raised USD 1 million for its expansion plans. The firm offers live classes, recorded classes and ebooks. Its features include scheduling, video conferencing and multi-currency payment management. The investors in the fundraising round include Africa-focused Ingressive Capital - which led the round - as well as Techstars, a US-based startup accelerator, and HoaQ Club, which invests in technology businesses owned by Africans around the world.
]]>Fri, 16 Feb 2024 15:55:46 -0500<![CDATA[Techreo raises $3.4m from Creation, G2 Momentum for expansion in South America, US]]>https://www.mesofinance.org/news/post/techreo-raises-3.4m-from-creation-g2-momentum-for-expansion-in-south-america-usTechreo raises funds to expand in the Americas]]>
Techreo, a digital financial services firm serving 480,000 people in Mexico and Bolivia, recently raised USD 3.4 million in bridge funding to support its expansion into Colombia, Ecuador, Peru and the US. The funders are the US-based impact investor Creation Investments and the Mexican venture capital firm G2 Momentum.

The head of Creation’s investment team in Mexico, Amadeo Ibarra, described Techreo’s app as “uniquely designed to serve people at the base of the economic pyramid." Its offerings include financial services, financial education and business solutions. Techreo was founded in 2022.
]]>Thu, 15 Feb 2024 15:53:09 -0500<![CDATA[Pomelo raises $40m in equity to help more businesses in Latin America accept payment cards]]>https://www.mesofinance.org/news/post/pomelo-raises-40m-in-equity-to-help-more-businesses-in-latin-america-accept-payment-cardsPomelo closes Series B funding round]]>

Pomelo, which is based in Argentina and also has offices in four other South American countries and Mexico, recently closed its Series B funding round. The company helps other companies accept their customers’ credit, debit and pre-paid cards, including through partnerships with the US-based payments firms Mastercard and Visa. The new investments in Pomelo, which total USD 40 million, bring its total amount raised to USD 103 million since the launch of the company in 2021. Kaszek, an investor in technology in Latin America, led the funding round, with participation from multiple other firms, including Brazil-based Monashees. Each of these investors will take a seat on Pomelo’s board of directors.
]]>Tue, 30 Jan 2024 14:40:04 -0500<![CDATA[COFINA Côte d'Ivoire borrowing $15m from BII for MSMEs]]>https://www.mesofinance.org/news/post/cofina-côte-divoire-borrowing-15m-for-women-owned-msmesMSMEs in Côte d'Ivoire]]>

The UK government’s British International Investment (BII) recently committed to issuing a senior loan equivalent to USD 15 million to benefit the Ivorian unit of Compagnie Financière Africaine (COFINA), a group that provides financing and incubation services to micro-, small and medium-sized enterprises (MSMEs) in seven countries in Central and West Africa. COFINA has agreed to channel at least 30% of the proceeds to woman-owned MSMEs. The lender has served 175,000 people of whom 45% are women.

Author: Courtney Huang

]]>Wed, 17 Jan 2024 10:57:20 -0500<![CDATA[Satin Creditcare raises $30m in equity to expand MSME, housing lending to women in India]]>https://www.mesofinance.org/news/post/satin-creditcare-raises-30m-in-equity-to-expand-msme-housing-lending-in-india$30m for lending in India]]>
Satin Creditcare, a lender in India, recently secured the local-currency equivalent of USD 30 million through a qualified institutional placement (QIP) from Indian firms including ICICI Prudential Life Insurance, Bandhan Mutual Fund and Bajaj Allianz Life Insurance. Among Satin Creditcare’s plans are to expand its subsidiaries, Satin Finserv - a lender to micro-, small and medium-sized enterprises (MSMEs) - and Satin Housing Finance. In addition to lending to smaller firms and for housing improvements, the institution also issues wholesale funding to other microlenders. Established in 1990, Satin Creditcare has since grown to operate 1,300 branches serving 3.2 million women. For the quarter ending September 2023, the company reports having brought in gross income of USD 65 million on total assets of USD 1.1 billion.

Author: Renata Samadova

]]>Tue, 16 Jan 2024 16:29:36 -0500<![CDATA[Fasal raises $12m in equity to grow agritech platform in India; expand to Southeast Asia]]>https://www.mesofinance.org/news/post/fasal-raises-12m-in-equity-to-grow-agritech-platform-in-india-expand-to-southeast-asia$12m for ag in India]]>
Fasal, a firm that provides technology services for farmers in India, recently raised a total of INR 1 billion (USD 12 million) from UK-based TDK Ventures; the UK government’s British International Investment (BII); and three India-based firms: ITI Growth Opportunities Fund, Navam Capital and Aureolis Ventures. The platform aids farmers in procuring seeds and fertilizer, adopting “precision farming” techniques, and selling crops. The firm’s business-to-business brand, Fasal Fresh, delivers wholesalers “sustainably grown, fully traceable” fruit and other produce from farmers working a total of 75,000 acres. Farmers using the platform reportedly have enhanced their yields by as much as 30% while reducing water usage, pesticide usage and emissions. TDK and BII led the equity funding package, which was Fasal's Series A round.

Author: Rohan Kumar Agarwal

]]>Mon, 15 Jan 2024 15:51:09 -0500<![CDATA[SMF raises $45m for low-income housing in Indonesia]]>https://www.mesofinance.org/news/post/smf-of-indonesiaIndonesia boosting funding of home mortgages]]>
PT Sarana Multigriya Finansial (SMF), a financial institution owned by the government of Indonesia, recently raised the local-currency equivalent of USD 45 million through a combination of bonds and sukuk, which are similar to bonds and comply with Islamic law. Both instruments are certified as "social bonds," based on their being intended to fund housing for people with low incomes.  The purpose of SMF, which is also known as Persero, is to provide retail lenders with wholesale funding for home mortgages.
]]>Thu, 11 Jan 2024 23:49:48 -0500<![CDATA[EBRD considering $30m loan to Bank of Palestine for MSMEs in West Bank to adjust to challenges of war]]>https://www.mesofinance.org/news/post/ebrd-considering-30m-loan-to-bank-of-palestine-for-msmes-in-west-bankMoneytrans, IFAD Seek to Move Remittances to Morocco to Electronic Channel]]>

The UK-based multilateral EBRD recently announced it plans to decide by February whether to loan an additional USD 30 million to Bank of Palestine to on-lend to micro-, small and medium-sized enterprises in the West Bank. Consideration of the loan is an explicit response to the "acute economic crisis" caused by the war between Israel and Hamas. Bank of Palestine has total assets of USD 6.6 billion and serves 1 million people via 73 branches.


]]>Tue, 09 Jan 2024 16:43:35 -0500<![CDATA[DFC opening office in Dominican Republic, loaning $200m to Banco Popular Dominicano for on-lending to small businesses]]>https://www.mesofinance.org/news/post/dfc-opening-office-in-dominican-republic-loaning-200m-to-banco-popular-dominicano-for-on-lending-to The International Development Finance Corporation (DFC), an institution backed by the US government, recently agreed to issue a loan of USD 200 milli ]]>
The International Development Finance Corporation (DFC), an institution backed by the US government, recently agreed to issue a loan of USD 200 million to Banco Popular Dominicano to expand its funding of small enterprises. DFC also plans to open a new office in the city of Santo Domingo to handle its planned increase in investment in the Caribbean. Banco Popular Dominicano, which is a subsidiary of the Dominican Republic-based Grupo Popular, offers loans, savings, insurance and payment cards as well as investment services. The bank was established in 1963 and reported total assets of DOP 701 billion (USD 12.1 billion) as of September 2023.
Author: Renata Samadova


]]>Fri, 05 Jan 2024 17:15:24 -0500<![CDATA[EBRD lending €7m to Unicredit for green lending to SMEs in BiH]]>https://www.mesofinance.org/news/post/ebrd-lending-€7m-to-unicredit-for-green-lending-to-smes-in-bihGreen funding for SMEs in BiH]]>

This transaction, which is funded by the EU, will flow to the local unit of Italy's Unicredit Group. SMEs in Bosnia and Herzegovina that access the funds will be eligible for grants of up to 15% of their sub-loan value upon completion of their projects. The goal of the projects is for the SMEs to reach "the highest EU climate, environmental protection and other standards." EBRD will issue the wholesale loan to UniCredit Bank d.d. Mostar.


]]>Tue, 02 Jan 2024 10:43:36 -0500