Triple Jump’s Financial Inclusion Resilience Fund hits $85m
FIRF provides subordinated debt to financial intermediaries that serve MSMEs and low-income borrowers.
** For the best experience, download the free Africa Private Equity News app Android | iOS **
The Triple Jump Financial Inclusion Resilience Fund (FIRF) had raised $85 million as of February 2025
FIRF was launched in 2022, with initial commitments from the Dutch Good Growth Fund (DGGF), ASN Microkredietfonds, and the US Development Finance Corporation (DFC), reaching a first close of $72 million.
In November 2024, FIRF secured a $4 million investment from the Visa Foundation. FIRF continued to expand in December 2024, attracting a mix of private institutional investors and a top-up from DGGF, bringing its total fund size to $85 million.
FIRF provides subordinated debt to financial intermediaries that serve micro, small, and medium-sized enterprises (MSMEs) and low-income borrowers. By strengthening the solvency of these financial institutions, FIRF enables them to expand lending to underserved populations, supporting economic growth and stability.
For example, FIRF’s investment into Baobab Senegal – a microfinance institution supporting local entrepreneurs with accessible microcredit – helps fuel community growth. FIRF’s sub-debt facility will bolster Baobab Senegal’s resilience and capital position, providing a solid foundation for sustained growth and the continuation of these projects.
Stay ahead in Africa's private equity and venture capital sector with Africa Private Equity News’ monthly Dealmaker’s Log – a database of reported investment deals, exits, and fundraising closes. Subscribe here