Dutch Entrepreneurial Development Bank
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Dutch Entrepreneurial Development Bank

http://www.fmo.nl/
Last activity: 16.09.2024
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Categories: ITWaterTechBusinessDevelopmentEnergyTechFinTechFoodTechFutureGrowthInvestment
FMO is the Dutch entrepreneurial development bank. As a leading impact investor, our mission is to create a more sustainable future through private sector investments in over 80 developing countries and emerging economies across the globe. Not only do we create and support jobs by investing in ambitious projects and entrepreneurs, we also focus on generating income and long-term business growth with the aim of making the world a better place than it was when we first started.

By taking on investments that commercial parties are not willing to risk, we are able to serve those in more dire need of financial assistance, providing much-needed liquidity especially in the wake of the COVID-19 pandemic. We focus on three sectors that provide high development impact: financial institutions; energy; and agribusiness, food, and water. Our committed portfolio reaches over EUR 10.4 billion across over 80 countries, making FMO one of the larger bilateral private sector development banks in the world. Thanks to our 50+ years of success in these high-risk markets, we can generate more funding for customers, while contributing to the UN’s 17 Sustainable Development Goals, with an emphasis on reducing inequality, leading climate action change, and driving economic growth.

To learn more about we provide capital for entrepreneurs in developing economies, please visit fmo.nl.
Website visits
38.8K /mo.
Mentions
143
Location: Netherlands, South Holland, The Hague
Employees: 501-1000
Founded date: 1970

Mentions in press and media 143

DateTitleDescription
16.09.2024Fido, a digital financial services platform, has secured $30 million in fundingFido, a Ghanaian digital financial services platform, secured $30 million in debt and equity capital. The equity portion of the capital ($20 million) comes from BlueOrchard-managed InsuResilience Investment Fund Private Equity II (IIF II) a...
13.09.2024Fintech Surge Amidst VC Drought in MENAThe Middle East and North Africa (MENA) region is witnessing a fintech revolution. This week, fintech startups are at the forefront of fundraising, even as venture capital (VC) investment takes a significant hit. The numbers tell a stark st...
13.09.2024MENA Digest: Fintechs lead fundraising this week; VC investment falls in AugustCredit: 123RF.com Venture capital funding activity in the Middle East and North Africa (MENA) region was led by fintech startups this week. These included Egyptian digital payments solutions provider Paymob, and UAE-based fintech firm FlapK...
13.09.2024Egyptian fintech startup Paymob raised additional $22 M Series B funding, total stands at $72 MPaymob, an Egyptian fintech startup, has raised an additional US $22 million to extend its Series B round to US $72 million. This will allow the company to continue pursuing its growth strategy both domestically and throughout the MENA regi...
12.09.2024Paymob's Bold Leap: A $22 Million Series B Extension Fuels Fintech Expansion in MENAIn the fast-paced world of fintech, Paymob is making waves. The Egypt-based financial services enabler has just announced a $22 million extension to its Series B funding round, bringing the total to a staggering $72 million. This move under...
12.09.2024Paymob Extends Its Series B To US$72 Million With The Investments Of EBRD Venture Capital And Endeavor Catalyst The extension round follows Paymob's continued profitability in its core market of Egypt...Egypt-based financial services enabler Paymob has announced a US$22 million Series B extension round, taking the company's total Series B funding to $72 million. The funding was led by EBRD Venture Capital, the venture investing arm of the ...
21.08.2024Nigerian Banks Navigate Recapitalization: Strategies and InnovationsNigerian banks are in a race against time. They face a monumental task: raising N1.29 trillion in just three months. This is not just a number; it’s a lifeline. The Central Bank of Nigeria (CBN) has set strict capital adequacy requirements....
15.08.2024FCMB and FMO Seek Agricultural Solutions in Nigeria with Agritech HackathonFirst City Monument Bank (FCMB) and the Dutch Entrepreneurial Development Bank (FMO) are joining forces to ignite innovation in Nigeria’s agricultural sector through an Agritech Hackathon and Venture Building programme. The initiative, deli...
05.08.2024BluSmart backer responsAbility marks second close of Asia climate fundCredit: VCCircle Switzerland-based impact investor responsAbility Investments AG has marked the second closing of its Asia-focused climate fund after securing a commitment from parent M&G plc. M&G committed $100 million to the fund,...
30.07.2024Over 200 employees laid-off by agritech firm WaycoolIn an effort to increase profitability, Waycool, a supply chain company for agriculture, has let go of more than 200 workers across several departments. This is the company’s third round of layoffs; it is based in Chennai. “Each of WayCool’...
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