---
title: "FMO"
description: "FMO is the Dutch entrepreneurial development bank, formally known as Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. It is a public private development bank that provides capital to entrepreneurs in developing and emerging markets to support sustainable private sector growth. FMO is headquartered in The Hague in the Netherlands. In Africa, FMO is an active institutional investor, backing early and growth stage companies through Series A and Series B rounds as well as other venture financing. Based on disclosed transactions, FMO has invested a total of 199.8 million dollars across nine funding rounds between September 2020 and October 2025. Its African portfolio includes investments in Kenya, Nigeria, Egypt, Côte d'Ivoire, Morocco, Tanzania and South Africa, with a particular presence in fintech, energy and utilities, telecom and connectivity, agri tech and AI and analytics. Within this portfolio, FMO has supported companies such as Tagaddod in Egypt, HUB2 in Côte d'Ivoire, Mawingu in Kenya, Cash Plus in Morocco, ZOLAi in Tanzania, TeamApt Limited in Nigeria and Aerobotics in South Africa. These investments reflect FMO’s focus on inclusive finance, digital connectivity and sustainable innovation in underserved markets across the continent."
canonical_url: "https://liners.com/investors/fmo"
markdown_url: "https://liners.com/investors/fmo.md"
type: "investor"
language: "en"
image: "https://assets.liners.com/storage/v1/object/public/media/investors/fmo/favicon.png?v=1785330028501"
updated_at: "2026-09-18T03:02:32.739Z"
---

# FMO

FMO is the Dutch entrepreneurial development bank, formally known as Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. It is a public private development bank that provides capital to entrepreneurs in developing and emerging markets to support sustainable private sector growth. FMO is headquartered in The Hague in the Netherlands. In Africa, FMO is an active institutional investor, backing early and growth stage companies through Series A and Series B rounds as well as other venture financing. Based on disclosed transactions, FMO has invested a total of 199.8 million dollars across nine funding rounds between September 2020 and October 2025. Its African portfolio includes investments in Kenya, Nigeria, Egypt, Côte d'Ivoire, Morocco, Tanzania and South Africa, with a particular presence in fintech, energy and utilities, telecom and connectivity, agri tech and AI and analytics. Within this portfolio, FMO has supported companies such as Tagaddod in Egypt, HUB2 in Côte d'Ivoire, Mawingu in Kenya, Cash Plus in Morocco, ZOLAi in Tanzania, TeamApt Limited in Nigeria and Aerobotics in South Africa. These investments reflect FMO’s focus on inclusive finance, digital connectivity and sustainable innovation in underserved markets across the continent.

## Breadcrumbs

- [Investors](/investors)
- [FMO](/investors/fmo)

## Summary

FMO is the Dutch entrepreneurial development bank, formally known as Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. It is a public private development bank that provides capital to entrepreneurs in developing and emerging markets to support sustainable private sector growth. FMO is headquartered in The Hague in the Netherlands. In Africa, FMO is an active institutional investor, backing early and growth stage companies through Series A and Series B rounds as well as other venture financing. Based on disclosed transactions, FMO has invested a total of 199.8 million dollars across nine funding rounds between September 2020 and October 2025. Its African portfolio includes investments in Kenya, Nigeria, Egypt, Côte d'Ivoire, Morocco, Tanzania and South Africa, with a particular presence in fintech, energy and utilities, telecom and connectivity, agri tech and AI and analytics. Within this portfolio, FMO has supported companies such as Tagaddod in Egypt, HUB2 in Côte d'Ivoire, Mawingu in Kenya, Cash Plus in Morocco, ZOLAi in Tanzania, TeamApt Limited in Nigeria and Aerobotics in South Africa. These investments reflect FMO’s focus on inclusive finance, digital connectivity and sustainable innovation in underserved markets across the continent.

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## Recorded investments

| Product | URL | Stage | Amount | Date |
| --- | --- | --- | --- | --- |
| Tagaddod | /tagaddod | Series A | 26300000 | 2025-10-01T00:00:00.000Z |
| HUB2 | /hub2 | Series A | 8000000 | 2024-12-01T00:00:00.000Z |
| Mawingu | /mawingu | Venture Round | 4000000 | 2024-11-01T00:00:00.000Z |
| Cash Plus | /cash-plus | Venture (Round not Specified) | 60000000 | 2023-10-01T00:00:00.000Z |
| M-KOPA | /m-kopa | Debt Financing | 200000000 | 2023-05-01T00:00:00.000Z |

## Related pages

- [All investors](/investors)
- [Funding rounds](/funding)

## Access and citation

- [Canonical HTML page](https://liners.com/investors/fmo)
- [Markdown route index](/sitemap.md)
- [Agent access guide](/llms.txt)