Magma Fincorp Ltd is a leading diversified financial services group based in Kolkata, India which was founded in 1989. Many of its customers are unbanked or are experiencing formal financial services for the first time. The company’s core business lending is vehicle-related lending but it also provides loans for construction equipment and housing.
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).
- Intermediated investment
- Leapfrog Financial Inclusion Fund II
- Fund Manager:
- LeapFrog Investments Group Limited
- 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
- April 2015
This is the investee company’s place of incorporation; or a fund’s jurisdiction.