Bridge Launches with US$24 Million in Funding (Asia)

Source: Bridge

Bridge, a financial services company focused on extending access to finance to customers in rural Philippines, has received a US$24 million investment from Accion, a global non-profit microfinance organization, development finance institutions FMO and DEG, Bamboo Finance, a global private equity firm specializing in microfinance, and Paul Kocourek, Bridge’s Founding Principal and Chairman. Bridge aims to provide capital, as well as technical support in the areas of risk management and product design, to provincial banks serving low-income populations and micro and small businesses.