CDC led the funding round for Indifi Technologies (Indifi), a digital lender providing loans to micro and small businesses in India. CDC invested $15 million in a $21 million fundraise.
CDC's investment will support Indifi increase its lending by a multifold over the next five years. Access to growth finance for micro and small businesses remains a challenge in India, large parts of the country remain underserved. Growth finance is key to helping these businesses flourish and subsequently local economies and communities will benefit. Additionally, it indirectly helps to create family income, helping them to provide financial support over many generations.
Environmental and social aspects
CDC supported Indifi in the integration of international E&S standards in lending activities and helped to create an ESG Committee to oversee implementation of these new procedures.
Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.
- South Asia
We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.
- Financial services
- Investment type
We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).
- Direct Equity
- Start date
For direct investments, this is the date CDC committed capital to the business or project.
For funds, this is the date that CDC committed capital to the fund.
For underlying fund investments, this is the date that the fund invested capital into the business.e
- July 2019
For direct investments, this is the total amount that CDC has committed to the business or project (it may be a combination of equity and debt).
For funds, this is the total amount that CDC has committed to the fund.
This is the investee company’s place of incorporation; or a fund’s jurisdiction.