About Innovative Microfinance
Innovative Microfinance is a Financial Services company based in Accra (Ghana) founded in 2009. Microfinance services are provided to underserved communities in Ghana. Its focus areas include Banks, Special Purpose Banks and Microfinance Banks. Its competitors include Direct Savings and Loans, True Life Capital Microfinance and Ubuntu Capital Microfinance Limited.
Company details
Innovative Microfinance was established in 2009 as a special purpose bank in the financial sector. Operations are based in Accra, Ghana, where microloans and basic banking services are extended to small enterprises and low-income individuals. Focus is placed on promoting financial inclusion through tailored credit products and savings options, with activities centered on local economic development in the region.
- Headquarters Accra, Ghana
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website imlfinance.com
- Social Facebook
- Investors
Funding Insights of Innovative Microfinance
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of Innovative Microfinance with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2016 | Debt – Convertible | – | – |
1 investors in total: 1 institutional.
Investors in Innovative Microfinance
Innovative Microfinance has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Goodwell Investments.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Tech and Offline focused VC firm investing in early-stage companies in Netherlands,India and Nigeria | goodwell.nl | Amsterdam, Netherlands |
Investor details for Innovative Microfinance
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- Complete investor list
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Timeline of Innovative Microfinance
2 dated milestones of Innovative Microfinance across 7 years, from founding to its latest funding, stage changes and deals.
- Founded Innovative Microfinance is founded.
- Funding First funding round.
Competitors of Innovative Microfinance
Innovative Microfinance has 3 listed competitors in our database. They include Direct Savings and Loans, True Life Capital Microfinance and Ubuntu Capital Microfinance Limited.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| directgh.com | 2012 | Accra, Ghana | Offers micro-credit solutions for low-income individuals and businesses to support financial needs. | |||
| tlcmghana.com | 2012 | Accra, Ghana | Provides microcredit and savings services to support micro enterprises and entrepreneurs. | |||
| ubuntucapitalgh.com | 2014 | Accra, Ghana | Microcredit is provided to low-income individuals and businesses. |
Detailed competitors of Innovative Microfinance
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Frequently Asked Questions about Innovative Microfinance
Innovative Microfinance was founded in 2009 and raised its 1st funding round 7 years after it was founded.
Innovative Microfinance is headquartered in Accra, Ghana. It is registered at Accra, Greater Accra, Ghana.
Innovative Microfinance was established in 2009 as a special purpose bank in the financial sector. Operations are based in Accra, Ghana, where microloans and basic banking services are extended to small enterprises and low-income individuals. Focus is placed on promoting financial inclusion through tailored credit products and savings options, with activities centered on local economic development in the region.
Innovative Microfinance's top competitors include Ubuntu Capital Microfinance Limited, Direct Savings and Loans and True Life Capital Microfinance.
Innovative Microfinance has 1 investor. Key investors include Goodwell Investments.