
Incofin Investment Management
Description
Incofin Investment Management is a prominent global impact investment firm headquartered in Antwerp, Belgium, dedicated to fostering financial inclusion, rural development, and sustainable agriculture in emerging markets. Established with a clear mission to provide capital to institutions that serve underserved populations, Incofin IM has grown to become a significant player in the impact investing landscape. The firm manages a diverse portfolio of funds, deploying both debt and equity capital to support its strategic objectives.
Incofin IM's investment strategy primarily targets microfinance institutions (MFIs), financial institutions, and small and medium-sized enterprises (SMEs) within the agricultural sector. Through its various funds, such as the Rural Impulse Fund II (RIF II) and AGRIF II, Incofin provides crucial financing to organizations that extend financial services to low-income individuals and rural communities, or that promote sustainable agricultural practices. This dual approach allows Incofin to address both the financial access gap and the need for resilient food systems in developing economies.
The firm demonstrates a substantial scale of operations, managing over EUR 1.3 billion in assets as of the end of 2023, reflecting its extensive reach and commitment. Its typical investment sizes vary depending on the fund and the nature of the financing. For instance, its debt funds often provide loans ranging from EUR 1 million to EUR 10 million to financial institutions, while its equity funds typically make investments in agricultural SMEs from EUR 2 million to EUR 8 million. Incofin has a track record of investing in over 200 financial institutions and companies across more than 60 countries, underscoring its broad geographic footprint and deep engagement in the markets it serves.
Incofin's long-standing presence and specialized focus position it as a key partner for institutions seeking to drive positive social and environmental impact alongside financial returns. Its rigorous due diligence and active portfolio management aim to ensure both the sustainability of its investments and the achievement of its development goals, contributing significantly to global efforts in poverty reduction and economic empowerment.
Investor Profile
Incofin Investment Management has backed more than 28 startups, with 5 new investments in the last 12 months alone. The firm has led 13 rounds, about 46% of its total and boasts 2 exits across its portfolio.
Investment Focus Highlights
- Concentrates on Series B, Series Unknown, Debt Financing rounds (top funding stages).
- Majority of deals are located in India, Colombia, Myanmar.
- Strong thematic focus on Financial Services, Finance, FinTech.
- Led 4 rounds in the past year.
- Typical check size: $1.1M – $10.8M.
Stage Focus
- Series B (29%)
- Series Unknown (21%)
- Debt Financing (18%)
- Series A (18%)
- Post Ipo Equity (4%)
- Private Equity (4%)
- Secondary Market (4%)
- Seed (4%)
Country Focus
- India (71%)
- Colombia (7%)
- Myanmar (4%)
- Kenya (4%)
- Uganda (4%)
- Rwanda (4%)
- Senegal (4%)
- Honduras (4%)
Industry Focus
- Financial Services
- Finance
- Fintech
- Banking
- Agriculture
- Lending
- Farming
- Small And Medium Businesses
- Electric Vehicle
- Food Processing
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