FMO Entrepreneurial Development Bank

FMO is the Dutch entrepreneurial development bank, a public-private institution founded in 1970 and based in The Hague, Netherlands. Supervised by the Dutch Central Bank, it operates as a bilateral private-sector financial institution with the Dutch government as its majority shareholder at 51%. FMO invests in private sector companies and financial institutions across more than 85 countries to support jobs, income generation, and sustainable prosperity in developing regions. FMO provides long-term financing through loans, equity investments, syndications, and guarantees, targeting key sectors for development such as agribusiness, fintech, and energy. In Africa, it has participated in 9 funding rounds totaling $166.3M from October 2017 to February 2026, focusing on Debt Financing, Series A, Seed, Venture, and other stages. Investments concentrate in fintech (6 rounds), agritech (2), and energy & utilities (1), with geographic emphasis on Egypt (3), South Africa (2), Kenya (2), Morocco (1), and Pan-African (1) companies including Lulalend, Dopay, M-KOPA, Tagaddod, Nile, Yolafresh, and Lendable.