Triple P SEA Financial Inclusion Fund

Equity : November 2017

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

Asia: Cambodia, Indonesia, Philippines, Vietnam

Investment field

Investment Companies & Funds

Activity

MFI fund

Organisation

Triple P SEA Financial Inclusion Fund

Triple 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

Thanks to the direct funding from BIO, the following second-line investments have been made possible.

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

Alterfin

Investment Companies & Funds

Alterfin

  20,125.00

  Cambodia, Nicaragua, Côte d'Ivoire, Kenya

  03/08/2021

  Subsidy

Koperasi Mitra Dhuafa

Financial Institutions

Koperasi Mitra Dhuafa

  6,000,000.00

  Indonesia

  13/07/2021

  Debt

The Currency Exchange Fund n.v.

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

Kaizen Private Equity II

Investment Companies & Funds

Kaizen Private Equity II

  300,000.00

  India, Philippines, Vietnam

  08/12/2020

  Subsidy

PT Mitra Bisnis Keluarga Ventura

Financial Institutions

PT Mitra Bisnis Keluarga Ventura

  15,000,000.00

  Indonesia

  25/03/2021

  Debt

PT Mitra Bisnis Keluarga Ventura

Financial Institutions

PT Mitra Bisnis Keluarga Ventura

  4,350,666.00

  Indonesia

  16/12/2014

  Debt

Banh Vang Company Ltd.

Enterprises

Banh Vang Company Ltd.

  2,500,000.00

  Vietnam

  28/09/2015

  Debt

Cambodia Laos Myanmar Development Fund II

Investment Companies & Funds

Cambodia Laos Myanmar Development Fund II

  4,744,500.00

  Cambodia, Myanmar

  09/12/2016

  Equity

AgRIF Coöperatief U.A.

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

AgRIF Coöperatief U.A.

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

Geuther Vietnam

Enterprises

Geuther Vietnam

  2,581,446.60

  Vietnam

  10/09/2020

  Debt

Geuther Vietnam

Enterprises

Geuther Vietnam

  5,929.00

  Vietnam

  31/08/2020

  Subsidy

Geuther Vietnam

Enterprises

Geuther Vietnam

  31,044.00

  Vietnam

  10/09/2020

  Subsidy

Alterfin

Financial Institutions

Alterfin

  3,000,000.00

  Cambodia, Nicaragua, Côte d'Ivoire, Kenya

  15/07/2020

  Debt

Excelsior Capital Vietnam Private Equity Fund

Investment Companies & Funds

Excelsior Capital Vietnam Private Equity Fund

  2,000,000.00

  Vietnam

  07/11/2020

  Equity

Excelsior Capital Vietnam Private Equity Fund

Investment Companies & Funds

Excelsior Capital Vietnam Private Equity Fund

  8,733,600.00

  Vietnam

  21/01/2020

  Equity

Puratos Grand Place Vietnam

Enterprises

Puratos Grand Place Vietnam

  85,910.00

  Vietnam

  05/07/2018

  Subsidy

Puratos Grand Place Vietnam

Enterprises

Puratos Grand Place Vietnam

  1,377,750.00

  Vietnam

  25/10/2017

  Debt

Renewable Energy Asia Fund II

Investment Companies & Funds

Renewable Energy Asia Fund II

  8,900,000.00

  India, Indonesia, Philippines

  03/10/2016

  Equity

Renewable Energy Asia Fund

Investment Companies & Funds

Renewable Energy Asia Fund

  6,000,000.00

  India, Philippines

  09/12/2009

  Equity

Alterfin

Investment Companies & Funds

Alterfin

  250,000.00

  Cambodia, Nicaragua, Côte d'Ivoire, Kenya

  13/12/2002

  Equity

Mekong Enterprise Fund

Investment Companies & Funds

Mekong Enterprise Fund

  2,117,000.00

  Cambodia, Vietnam

  26/11/2002

  Equity