Global Impact Investments
Impact Finance Raises $270 Million For Global Green And Small Business Deals
Anonymous
This week’s impact-investing deals included a $9.5 million commitment to an Indian plastics-recycling company and a $5 million investment in an off-grid solar provider working in Zambia. Other financing targeted small businesses and producers in emerging markets, including a $1 million investment supporting Amazon-region producers and a $255 million fund for fintech lenders. Additional deals backed women- and youth-led rural businesses in India, ocean-focused startups in Asia, Indigenous homeownership, and Amazon reforestation.
Key Points
1
Jayachandran Global Refineries reclaims plastics from vehicles and large appliances, then supplies the recycled material for reuse in vehicles and electronics.
2
IDB Lab’s $1 million investment in Amazonia Impact Ventures is intended to expand financing access for small producers in Peru, Ecuador and Colombia.
3
Lendable’s $255 million MSME Fintech Credit Fund is its second such fund; it will lend to fintech companies that serve small businesses with both conventional and climate financing.
4
Dutch development bank FMO’s $40 million senior-debt facility for Urgo Capital will support rural, women-led and youth-led businesses in India, with part of the funding earmarked for green business loans.
5
SIIF provided early funding to help develop Katapult Ocean Asia, a partnership with Octave Capital that targets early-stage ventures in areas including marine food systems, ocean data, maritime sustainability and circular materials.
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