A AND B TECH LLCStatus: Completed investment
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Who is our customer
Vitas Group (“Vitas”) is a Global Communities enterprise established in 2006 to own and operate Global Communities’ commercially oriented microfinance institutions. Vitas is the largest commercial network of MSME lending companies in the Middle East and is the first investment vehicle of its kind in the region. Contracting is with AandB Tech LLC (Finconecta), Digital Strategy Consultants and Fintech.
What is our funding objective?
The aim of this project is to provide strategic guidance to senior management to local teams in order to build the technology management capacity of subsidiaries and its IT support unit in Serbia.
Why do we fund this investment?
The project is highly relevant to FMO, given the focus on digitally enabled microfinance in the MENA region, a key frontier for FMO going forward.
|Date||Total FMO financing|
|11/30/2020||EUR 0.23 MLN|
- Infrastructure, Manufacturing and Services
- Effective date
- End date
- Total FMO financing
- EUR 0.05 MLN