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

Website

https://www.triplepcapital.com

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.