Project detail - A AND B TECH LLC

A AND B TECH LLC

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Who is our client

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.

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 we fund this project

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.

More investments

Date Total FMO financing
8/23/2017 EUR 0.23 MLN
Country
Global
Sector
Infrastructure, Manufacturing and Services
Signing date
3/12/2019
Total FMO financing
EUR 0.05 MLN
Fund
MASSIF
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk Environmental & Social Category
(A, B+, B or C)