Quona Capital, an investor in financial inclusion that has offices in 10 countries, recently announced the close of its Fund III, with this latest fundraising round engaging most of Fund III’s ongoing investors and 20 new ones. As a result, the fund has a total of USD 332 million in commitments, and the firm has USD 745 million in commitments.
Quona plans to deploy Fund III in 25 to 30 firms, particularly in the business-to-business space, where Quona co-founder Monica Brand Engel argues the firm’s investees are “radically improving access and quality of financial services.”
Founded in 2015, Quona is active in Africa, Asia and Latin America.
Sources and Additional Resources
TechCrunch article
https://techcrunch.com/2022/11/08/quona-capital-332m-financial-inclusion/
Quona homepage
https://quona.com
Did you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at https://www.microcapital.org/products-page/.
Similar Posts:
- MICROCAPITAL BRIEF: Visa Everywhere Initiative 2023 Offering $500k for Fintech Innovation
- MICROCAPITAL BRIEF: M-Kopa Raises $250m to Expand Financing of Mobile Phones, Solar Equipment in Africa
- MICROCAPITAL BRIEF: Desjardins Lending $1m from Aequitas Impact Fund to ADIGUA to Expand Microfinance Loans in Guatemala
- MICROFINANCE EVENT: Impact Minds: Standing Together; August 28-30, 2023; Rio de Janeiro, Brazil
- MICROCAPITAL BRIEF: Oikocredit Lends $3.3m to Witti Finances to Support SMEs in Côte d’Ivoire
