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Public-Private Partnership
FINANCIAL | Investment Firms & Funds
nmimicro.no

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Investments

14

Portfolio Exits

1

Funds

2

About Nordic Microfinance Initiative

The Nordic Microfinance Initiative (NMI) is a strategic partnership between the Norwegian public and private sectors that will invest in microfinance institutions (MFIs) in developing countries and provide professional assistance and technical support for these institutions. The mission of NMI is to contribute to the empowerment of poor people and to the creation of jobs, wealth, and economic and social sustainability in developing countries by investing in and supporting MFIs.

Nordic Microfinance Initiative Headquarter Location

Rosenkrantz' gate 22, 7th Floor

Oslo, 0160,

Norway

+47 22 36 22 40

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Nordic Microfinance Initiative Web Traffic

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Latest Nordic Microfinance Initiative News

Satya MicroCapital, Sindhuja Microcredit raise Rs 170 crore from global investors

Jun 1, 2020

Quick Summary MUMBAI: Notwithstanding risk aversion the sector is facing, two microfinance institutions Satya MicroCapital and Sindhuja Microcredit have managed to raise a total of Rs 170 crore from international investors.While New Delhi-based Satya MicroCapital has raised Rs 105 crore from Japan-based Gojo & Company, Uttar Pradesh-based Sindhuja Microcredit was able to get funds worth Rs 65 crore from Norway-based Nordic Microfinance Initiative (NMI) and Mumbai-Based Carpediem Capital Microfinance Institutions Network (MFIN) Chief Executive Officer Harsh Shrivastava said the confidence exuded by international investors in the country's microfinance sector at this time is truly encouraging. "This clearly shows the confidence that equity investors have on the Indian microfinance sector, its capacity to bounce back and manage its portfolio qualities even during demonetisation, Andhra crisis, etc, making it a safe and viable impact investment.Both investments came in the past few days, showing resilience of the sector," Shrivastava said.Noida-based Sindhuja Microcredit co-founder and Managing Director Abhisheka Kumar said that of the Rs 65 crore capital, it has already received Rs 25 crore and for the balance Rs 40 crore, it has sought the Reserve Bank of India 's ( RBI ) approval.We had raised Rs 25 crore in Series-A funding from Carpediem Capital in 2019," Kumar said.After this second round of funding, Sindhuja's capital position will rise to Rs 100 crore, which, according to Kumar, will take care of any liquidity requirement for the next 18 months, he said.In July 2018, Gojo & Company had invested Rs 40-42 crore in Satya MicroCapital.The company's LLG model distributes the liability among each group member which exists only up to 10 per cent of loan tenure in bi-weekly collections. Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by StartupAround.

Nordic Microfinance Initiative Investments

14 Investments

Nordic Microfinance Initiative has made 14 investments. Their latest investment was in Light Microfinance as part of their Series A on July 7, 2021.

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Nordic Microfinance Initiative Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/19/2021

Series A

Light Microfinance

$10M

Yes

1

3/11/2021

Unattributed - III

Svasti Microfinance

$4.2M

No

2

5/11/2020

Series B

Sindhuja Microcredit

$8.7M

Yes

5

11/11/2019

Unattributed - II

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$99M

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10

2/12/2019

Unattributed

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$99M

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10

Date

7/19/2021

3/11/2021

5/11/2020

11/11/2019

2/12/2019

Round

Series A

Unattributed - III

Series B

Unattributed - II

Unattributed

Company

Light Microfinance

Svasti Microfinance

Sindhuja Microcredit

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Amount

$10M

$4.2M

$8.7M

$99M

$99M

New?

Yes

No

Yes

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Co-Investors

Sources

1

2

5

10

10

Nordic Microfinance Initiative Portfolio Exits

1 Portfolio Exit

Nordic Microfinance Initiative has 1 portfolio exit. Their latest portfolio exit was Belstar Microfinance on November 09, 2016.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/9/2016

Corporate Majority

2

Date

11/9/2016

Exit

Corporate Majority

Companies

Valuation

Acquirer

Sources

2

Nordic Microfinance Initiative Fund History

2 Fund Histories

Nordic Microfinance Initiative has 2 funds, including NMI Frontier Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/2008

NMI Frontier Fund

Early-Stage Venture Capital

$35.02M

1

12/31/2008

NMI Global Fund

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$99M

10

Closing Date

12/31/2008

12/31/2008

Fund

NMI Frontier Fund

NMI Global Fund

Fund Type

Early-Stage Venture Capital

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Status

Amount

$35.02M

$99M

Sources

1

10

Nordic Microfinance Initiative Team

1 Team Member

Nordic Microfinance Initiative has 1 team member, including former Managing Director, Richard Weingarten.

Name

Work History

Title

Status

Richard Weingarten

Managing Director

Former

Name

Richard Weingarten

Work History

Title

Managing Director

Status

Former

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