LeapFrog to Invest US$29 Million in IFMR Capital (Asia)
Source: LeapFrog Investments
LeapFrog Investments, an investor in financial services for emerging consumers in Africa and Asia, will invest US$29 million in India-based non-banking financial services company IFMR Capital. The transaction was structured through LeapFrog’s Fund II. IFMR Capital provides credit, insurance and other financial services to more than 6.6 million active borrowers and 7.6 million insured customers. The investment will enable the company to enhance its products and service offerings and expand its access to international investors.