Credrails, Inc.
Status: Approved investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
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?
Credrails Inc., a fintech company that specializes in building innovative solutions for financial inclusion across the African market.
What is our funding objective?
The funding objective is to support Credrails Inc. in implementing a legal secondment. The aim is to further fortify their compliance, corporate governance, and financial reporting, enabling them to continue aligning with high regulatory and operational standards.
Why do we fund this investment?
The project falls within our scope of supporting companies that drive financial inclusion across emerging markets. Credrails Inc., through its digital platform, plays a critical role in enhancing access to financial services across underserved populations in Africa. The assistance provided will enable them to strengthen internal operations, meet investor expectations, and ultimately scale their solutions further, contributing to socio-economic development in line with our program objectives.
More investments
| Date | Total FMO financing |
|---|---|
| 6/21/2024 | USD 1.50 MLN |
- Region
- Africa
- Country
- Kenya
- Sector
- Financial Institutions
- Publication date
- 1/15/2025
- Effective date
- 12/10/2024
- Total FMO financing
- USD 0.01 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C