NMI in Media

NMI invests USD 8 million equity in Sitara, supporting safe and affordable housing for women in India (2022)

• CNBC-TV18: SEWA's Housing finance venture Sitara raises 20 M
• The Economic Times (India): Fintech startup Sewa Grih Rin raises $20 million in funding led by Norway-based NMI
• VC Circle: Delhi-based housing financier Sitara pockets $20 mn
• News Drum - SEWA Grih Rin Ltd (Sitara) raises USD 20 Mn through a mix of Primary and Secondary Investment
• Devdiscourse - Sitara raises USD 20 million through mix of primary and secondary investments
• Business Telegraph - Fintech startup Sewa Grih Rin raises $20 million in funding led by Norway-based NMI
•  The NFA Post - SEWA Grih Rin Ltd (Sitara) raises USD 20 Mn through a mix of Primary and Secondary Investment
  

NMI invests in LOLC, Cambodia, expanding financial access in rural areas (2022)

• MicroCapital Monitor: LOLC Cambodia Borrows $7m from Nordic Microfinance Initiative

NMI invests in asset financier Tugende in Uganda and Kenya (2021)

• MicroCapital: Tugende Raises $17m in Debt
• Tech in Africa: Uganda’s asset finance company Tugende closes $17M debt investment round

NMI invests in Light Microfinance (2021)

• The Times of India: Light Microfinance gets $10mn funding from 3 EU investors
• The Hindu: Light Microfinance secures $10-mn funding
• Outlook, India: Light Microfinance Secures US $10 Mn In Series-A Funding From European Investors
• IndiaInfoline: Light Microfinance secures $10M funding from European investors
  

NMI supports Svasti Microfinance through additional investments (2021)

• Live MINT: Svasti Microfinance secures ₹310 mn funding from Adar Poonawalla, others
• ET BFSI: Svasti Microfinance raises Rs 310 million from Adar Poonawalla, NMI & Rajiv Dadlani
• The Hindu Business Line: Svasti Microfinance raises ₹31 crore from internal investors
• Deal Street Asia: India’s Svasti Microfinance secures $4.2m from Adar Poonawalla, others
• VC Circle: Serum Institute chief exec, others pump more money in Svasti Microfinance
• Flipboard: Svasti Microfinance raises ₹31 crore from internal investors

Sub-K launches SARTHI, supported by NMI TA (2020)

• The Banking and Finance Post: Sub-K unveils SARTHI, a Digital Finance Platform for Underbanked

Proximity Finance transaction (2020)

• Myanmar Times: Proximity Finance raises US$14 million to help more farmers
• MicroCapital: Proximity Finance Raises $14m in Equity from Finnfund, Nordic Microfinance Initiative, Proparco to Support Farmers in Myanmar
• FinDev Gateway: Proximity Finance Raises $14 Million to Reach More Smallholder Farmers
• Deal Street Asia: Myanmar’s farmer-focused Proximity Finance secures USD14 million

Lauritzen Fonden investing in NMI (2020)

• AM Watch: Danish shipping foundation invests in financial inclusion of women in developing countries
• MicroCapital: Nordic Microfinance Initiative Raises $5m from Lauritzen Fonden to Invest in Women in Africa, Asia

Sindhuja transaction (2020)

• The Economic Times: Norway’s NMI, Carpediem invest in Delhi-based Sindhuja Microcredit
• The Hindu Business Line: Sindhuja Microcredit raises $8.7 million in Series B round
• Your Story: Microfinance company Sindhuja Microcredit raises $8.7M in Series B from NMI and Carpediem Capital
• Live Mint: Sindhuja Microcredit raises $8.7 mn from NMI, Carpediem Capital
• VC Circle: Sindhuja Microcredit bags Series B funding from NMI, Carpediem Capital

Svasti Transactions (2019)

• The Economic Times: Nordic Microfinance Initiative raises its investment in Svasti Microfinance
• Live Mint: Poonawalla, Patni, NMI invest $10 million in Svasti Microfinance
• Outlook India: Svasti raises USD 10 mn for branch expansion, MSME financing
• Business Standard: Svasti raises USD 10 mn for branch expansion, MSME financing
• Business Standard Hindi: स्वस्ती माइक्रोफाइनेंस को चालू वित्त वर्ष में मिले एक करोड़ डॉलर के निवेश
• Navbharat Times: स्वस्ती माइक्रोफाइनेंस को चालू वित्त वर्ष में मिले एक करोड़ डॉलर के निवेश
• Devdiscourse: Svasti Microfin raises $10 mn from Poonawalla, NMI & others
• Indian web2: Svasti Microfin raises $10 mn from Poonawalla, NMI & others
• Inshorts: Mumbai-based Svasti Microfinance raises $10 million
• Sanjeevni Today: स्वस्ती माइक्रोफाइनेंस ने जुटाये एक करोड़ डॉलर
• YourStory: Zilingo leads the way as funding raised doubles to $359M
• Impact Alpha: Svasti Microfinance raises $4.8 million to extend financial services to low-income Indians

NMI increasing India focus (2019)

• HT Mint (print): NMI aims to raise the stakes in India

Dvara KGFS transaction (2019)

• The Economic Times: Dvara KGFS raises Rs 70 crore from Nordic Microfinance Initiative
• The Hindu Business Line: Dvara KGFS raises ₹70 cr in Series E funding
• Outlook India: Dvara KGFS to expand micro ventures, jewel loan biz
• News Barons: Dvara KGFS raises 70 crore from Nordic Microfinance Initiative
• The Times of India: DVARA KGFS raises Rs 70 crore capital from Nordic Microfinance Initiative
• The Hindu Business Line: Dvara KGFS raises ₹70 crore in final round of Series E funding
• Indiainfoline: DVARA KGFS raises Rs70cr from Nordic Microfinance Initiative

PBU investing in NMI (2019)

• MicroCapital: PBU Invests $15m in Nordic Microfinance Initiative’s NMI Fund IV to Invest in Women in Africa, Asia
• IPE.com: PBU stows DKK100m in microfinance focussing on women (second section)

Climate Smart Microfinance Fund, first close funded by The Norwegian Ministry of Climate and Environment (2019)

• MicroCapital: Nordic Microfinance Initiative (NMI) Managing $10m from Norway Climate and Environment Ministry to Boost Palm Farmers’ Productivity in Indonesia Without Cutting Rainforest
• The Norwegian Ministry of Climate and Environment (Press Release): Klima- og miljødepartementet støtter bærekraftig palmeoljeproduksjon i Indonesia
• AMWatch: NMI's fifth fund aims for triple bottom line
• E24/VG: Vil slå tre fluer i en smekk med klima-mikrolån

Fund IV, first close (2018)

• AMWatch: Norway firm seeks Nordic capital for 4th record-breaking microfinance fund
• E24.no: Finansielt sett har det egentlig gått bedre enn vi trodde
• Bistandsaktuelt: Sikter mot ny milliard for mikrofinans
• Kapital: Ferd-eier Johan H. Andresen: Fra tobakkprins til etikksjef

NESFB launched (2018)

• The Economic Times: Northeast India’s first small bank, North East Small Finance bank starts operation, Ratan Tata launches the first branch of the bank
• Business Standard: Ratan Tata launches North East Small Finance bank
• The Shillong Times: Tata launches Northeast’s first small finance bank

Musoni investment (2018)

• MicroCapital: Nordic Microfinance Initiative (NMI) Loans $3m to Musoni Microfinance to Expand Fintech Services in Kenya

BASIX Sub-K transactions (2018)

• BusinessWorld: Fintech Company BASIX Sub-K Closes Rs 57 Cr Series B Funding from Accion, Nordic Microfinance and Michael & Susan Dell Foundation
• Deal Street Asia: India Dealbook: BASIX Sub-K, Khidki, Prolive, Menterra Ventures in funding news
• Business Standard: Basix fintech raises Rs 220 mn in series-B funding from existing investors
• YourStory: BASIX Sub-K raises Rs 35 Cr equity funding from Accion, Nordic Microfinance Initiative
• Deal Street Asia: India: BASIX Sub-K raises $5.4m from Accion, Nordic Microfinance, others
• Business Standard: BASIX Sub-K raises Rs.350mn towards deepening financial inclusion
• Businessworld: BASIX Sub-K Raises Over $5M Equity Funding from Accion and Nordic Microfinance Initiative
• The Hindu Business Line: BASIX Sub-K raises Rs 35 cr from Accion, Nordic Microfinance
• The Economic Times: BASIX Sub-K raises Rs 350 million from Accion and Nordic Microfinance Initiative
• DailyHunt: BASIX Sub-K raises Rs 35 Cr equity funding from Accion, Nordic Microfinance Initiative
• India.com: BASIX Sub-K raises Rs 35 crore from Accion, NMI
• India Today: BASIX Sub-K raises Rs 35 crore from Accion, NMI

IFU joins NMI (2016)

• Dagens Næringsliv: Tilbakebetalinger har allerede begynt å finne sted

Fusion investment & exit (2014, 2018)

• Live Mint: Warburg Pincus leads ₹520 crore funding in Fusion Microfinance
• VC Circle: Fusion Microfinance raises $8.3M in Series C round from Belgium’s BIO and Oikocredit

Utkarsh investment (2011, 2014)

• MicroCapital: Indian Microfinance Institution Utkarsh Raises $5m in Equity from Norwegian Microfinance Initiative, Aavishkaar Goodwell, International Financial Corporation
• MicroCapital: Indian Microfinance Institution Utkarsh Raises $12m in Non-convertible Debentures from UTI International Wealth Creator 4, Microfinance Enhancement Facility, AAV Sarl