Triple P SEA Financial Inclusion Fund
The Triple P SEA Financial Inclusion Fund will invest in insurance and non-bank financial services companies primarily in Indonesia, the Philippines, Vietnam, Thailand, and Cambodia.
Amount
€ 6,640,739.00
Type of investment
Equity
Development impacts
- Local economic growth
- Private sector consolidation/innovation
- Financial inclusion
Beneficiary locations
Investment field
Investment Companies & Funds
Activity
MFI fund
Organisation
Triple P SEA Financial Inclusion Fund
Website
https://www.triplepcapital.comTriple P will provide growth capital to small insurance and non‐bank financial services businesses, that focus on offering relevant and fairly priced products to the growing lower middle income population of following countries of South-East Asia: Indonesia, Philippines, Vietnam, Thailand and Cambodia.
The Fund will aim at building over its 5 year investment period a portfolio of between 8 and 10 investments, thereby deploying $ 3 mln to 15 mln in each investment. The strategy is to invest in Tier2 insurance companies and add value to develop them into a top 10 company in order to sell them after an average holding period of 5 years to international insurance players willing to expand their activities in Asia.
Triple P stands for People, Purpose and Profit.
Development impacts
-
Local economic growth
Triple P provides long-term equity financing to support the growth of the insurance sector in a still underserved region.
-
Private sector consolidation/innovation
This will be the first PE fund focusing specifically on smaller insurance companies and NBFIs in the target region. The partners have relevant investment and operational know-how that will be transferred to the investee companies through a hands-on approach.
-
Financial inclusion
Triple P increases the population’s access to insurance, but also to payment and savings services.
Made possible through this investment
Praxis
Philippines
The Praxis Company is the leading financial literacy training company in Southeast Asia. Praxis® offers a fun, engaging, and effective learning experience to anyone who wishes to master money. Through the realistic life simulation, the game allows users to easily draw practical financial insights and form good money habits.
Contemi
Vietnam
Contemi provides innovative end-to-end solutions for insurance companies in Europe and Asia. The Company is already embedded in Asia, thanks to having a strong client presence in the region’s emerging markets such as Vietnam – where the company has over 60 skilled insurance developers.
View more of our investments in this region
Financial Institutions
Alterfin
80,000.00
Cambodia, Nicaragua, Peru, Côte d'Ivoire, Kenya
03/03/2022
Subsidy
Investment Companies & Funds
Lendable MSME Fintech Credit Fund
2,994,950.00
India, Indonesia, Vietnam, Kenya, Nigeria, South Africa
20/08/2021
Equity
Investment Companies & Funds
Alterfin
20,125.00
Cambodia, Nicaragua, Côte d'Ivoire, Kenya
03/08/2021
Subsidy
Investment Companies & Funds
European Financing Partners S.A.
15,000,000.00
India, Kenya, Nigeria, Senegal, Tanzania, Zambia
22/12/2020
Debt
Financial Institutions
The Currency Exchange Fund n.v.
7,091,000.00
Bangladesh, Cambodia, India, Indonesia, Myanmar, Nepal, Pakistan, Philippines, Sri Lanka, Vietnam, Bolivia, Brazil, Colombia, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua, Paraguay, Peru, Algeria, Egypt, Iraq, Jordan, Lebanon, Morocco, Syria, Tunisia, Palestinian Territories, Benin, Burkina Faso, Burundi, Cameroon, Côte d'Ivoire, Democratic Republic of Congo, Ethiopia, Ghana, Guinea, Kenya, Madagascar, Malawi, Mali, Mozambique, Niger, Nigeria, Rwanda, Senegal, South Africa, Tanzania, Uganda, Zambia
05/09/2007
Equity
Investment Companies & Funds
European Financing Partners S.A.
5,000,000.00
India, Kenya, Nigeria, Senegal, Tanzania, Zambia
08/12/2010
Debt
Investment Companies & Funds
Interact Climate Change Facility
6,000.00
India, Mongolia, Honduras, Côte d'Ivoire, Ghana
23/02/2011
Equity
Investment Companies & Funds
Interact Climate Change Facility
10,000,000.00
India, Mongolia, Honduras, Côte d'Ivoire, Ghana
23/02/2011
Debt
Investment Companies & Funds
Kaizen Private Equity II
300,000.00
India, Philippines, Vietnam
08/12/2020
Subsidy
Investment Companies & Funds
Cambodia Laos Myanmar Development Fund II
382,666.30
Cambodia, Myanmar
22/12/2020
Equity
Investment Companies & Funds
Cambodia Laos Myanmar Development Fund II
4,744,500.00
Cambodia, Myanmar
09/12/2016
Equity
Investment Companies & Funds
European Financing Partners S.A.
6,000.00
India, Kenya, Nigeria, Senegal, Tanzania, Zambia
21/11/2003
Equity
Investment Companies & Funds
AgRIF Coöperatief U.A.
105,000.00
Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal
11/09/2018
Subsidy
Investment Companies & Funds
AgRIF Coöperatief U.A.
5,438,332.50
Cambodia, India, Mongolia, Myanmar, Bolivia, Colombia, Ecuador, Guatemala, Honduras, Nicaragua, Peru, Burkina Faso, Côte d'Ivoire, Kenya, Senegal
18/06/2015
Equity
Investment Companies & Funds
BTS India Private Equity Fund Ltd.
3,557,000.00
India
23/06/2006
Equity
Financial Institutions
Alterfin
3,000,000.00
Cambodia, Nicaragua, Côte d'Ivoire, Kenya
15/07/2020
Debt
Investment Companies & Funds
Off-Grid Solar and Financial Access Senior Debt Fund
4,385,750.00
11/10/2018
Debt
Investment Companies & Funds
Excelsior Capital Vietnam Private Equity Fund
2,000,000.00
Vietnam
07/11/2020
Equity
Investment Companies & Funds
Excelsior Capital Vietnam Private Equity Fund
8,733,600.00
Vietnam
21/01/2020
Equity
Investment Companies & Funds
Renewable Energy Asia Fund II
8,900,000.00
India, Indonesia, Philippines
03/10/2016
Equity
Investment Companies & Funds
Renewable Energy Asia Fund
6,000,000.00
India, Philippines
09/12/2009
Equity
Investment Companies & Funds
Alterfin
250,000.00
Cambodia, Nicaragua, Côte d'Ivoire, Kenya
13/12/2002
Equity
Investment Companies & Funds
Mekong Enterprise Fund
2,117,000.00
Cambodia, Vietnam
26/11/2002
Equity
Investment Companies & Funds
South Asia Growth Fund II
2,000,000.00
Bangladesh, India
23/12/2020
Equity
Investment Companies & Funds
South Asia Growth Fund II
8,700,000.00
Bangladesh, India
10/05/2019
Equity
