UMATI CAPITAL (KENYA) LIMITED
Status: Completed investmentWhy disclosure?
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In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Umati Capital (Kenya) Ltd is a start-up FinTech providing value chain finance to SMEs in the food- and agri sector.
What is our funding objective?
FMO provides a 3-year convertible facility through the MASSIF financial inclusion fund. The purpose of the facility is to support the early-stage loan portfolio growth.
Why do we fund this investment?
As part of FMO's new FinTech strategy, FMO supports early-stage companies that use innovative solutions to reach local SMEs that have limited access to funding.
- Region
- Africa
- Country
- Kenya
- Sector
- Financial Institutions
- Effective date
- 6/21/2017
- End date
- 3/9/2021
- Total FMO financing
- EUR 0.30 MLN
- Funding
- MASSIF