Abler Nordic announces a new fundraiser to raise $140 Million
Abler Nordic (formerly Nordic Microfinance Initiative) announced on Monday the launch of its fifth fund, with the goal of raising at least $140 million this year.
According to a statement, the social impact investor will continue to invest in microfinance companies with its latest fund and plans to allocate a significant portion for additional investments in the Indian market.
“India is where we started and continues to be a key market for us, with roughly 40% of our $345 million committed capital invested as equity in Indian financial inclusion companies. Since our establishment in 2008, our public-private partnership has contributed to enabling millions of low-income people with a wide span of responsible financial services,” said Smriti Chandra, investment director and head of Abler Nordic’s India office.
In 2008, Abler Nordic was formed as a public-private partnership in Oslo. Globally, the social impact investor supports financial inclusion companies. The fund’s primary investments are in traditional microfinance firms that provide financial services to low-income households. It primarily invests in two geographies: Asia and Africa.
“Our diverse investments in recent years and active engagement in the companies we are invested in is in line with the wider concept of financial inclusion, and it was time for our name to reflect this,” said Arthur Sletteberg, managing director of Abler Nordic.
Follow Startup Story
Related Posts
