Triple Jump fund receives $4m commitment
Visa Foundation has committed $4 million to the Triple Jump Financial Inclusion Resilience Fund.
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Visa Foundation has committed $4 million to the Triple Jump Financial Inclusion Resilience Fund (FIRF).
FIRF provides subordinated debt designed to support institutions that provide financial services to underserved populations in emerging markets.
“This investment from Visa Foundation is a testament to our shared commitment to fostering financial inclusion and resilience in underserved communities. Together, we can drive sustainable growth and economic stability in emerging markets,” says Lisa van Splunteren, head of investor relations and business development at Triple Jump.
“Through FIRF, Visa Foundation is providing subordinated capital to financial institutions, which is relatively scarce and hugely catalytic,” notes Najada Kumbuli, head of investments at Visa Foundation. “This is a strategic move for us to further advance our financial inclusion portfolio and support underserved MSMEs.”
As of August 2024, FIRF has provided subordinated debt to 13 financial institutions across nine countries, advancing financial resilience and inclusion in emerging markets.
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