LEAPFROG LABS LIMITED
Status: Completed investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
LeapFrog Financial Inclusion Fund (LF) aims to invest in micro-insurance companies with the objective to facilitate their growth. LeapFrog Labs was established alongside the fund as a UK-based not-for-profit arm dedicated to technical assistance for investee companies.
What is our funding objective?
The proposed CD projects fit into a wider technical assistance program set-up for Reliance Capital Management (RCM) which is being coordinated by Leapfrog Labs. FMO supported projects focused on governance, actuarial expertise and IT improvements.
Why do we fund this investment?
Less than 19.6% of Indonesians (total population of 250 million people) currently have a bank account. At the same time, insurance penetration is at a mere 1.8%. RCM currently reaches out to 450,000 direct clients, a figure that will increase after because of the acquisition of Bank Kesejahteraan. Therefore, through this CD Project, FMO promotes access to finance / inclusive development in a largely underserved market.
More investments
| Date | Total FMO financing |
|---|---|
| 1/14/2020 | EUR 0.10 MLN |
| 9/1/2016 | EUR 0.20 MLN |
- Region
- Asia
- Country
- Asia
- Sector
- Financial Institutions
- Effective date
- 9/11/2015
- End date
- 2/21/2017
- Total FMO financing
- EUR 0.12 MLN
- Funding
- FMO NV