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Emmaplein 2
1075 AW Amsterdam
The Netherlands
Financial Access Capital Partners B.V.
Registered in Amsterdam
KvK no. 34255682
www.financialxs.com
T +31 20 572 0760
info@financialxs.com
PRESS RELEASE
Version:7 (final)
EMBARGO FOR RELEASE ON 1 FEBRUARY 2016
For the attention of: Amsterdam,
Editors – Africa / Finance 1 February 2016
DUTCH GOVERNMENT INVESTS IN EAST AFRICAN SME FINANCE
Financial Access benefits from Seed Capital investment and Technical Assistance support
AMSTERDAM --The Dutch Good Growth Fund (DGGF), a €750 million development finance
programme of the Dutch Foreign Ministry, has committed early-stage loans and grant funding
to support the development of an innovative financing platform in East Africa. The initiative
aims to provide loans to under-served small businesses (SMEs), primarily in the agricultural
sector, applying existing lending technologies in a new context to support African
development.
The financing platform, developed by Financial Access (FA), the Amsterdam-based
investment and advisory firm, trades under the name FACTS (Financial Access Commerce &
Trade Services). FACTS aims at bridging the so-called ‘Missing Middle’: the working capital gap
of small producers and suppliers who must wait long periods to get paid for delivered products
or services in domestic supply chains. This problem is particularly acute in the Food and
Agriculture (F&A) sectors. FA believes in the application of proven methods to ‘de-risk’
agriculturalfinancing thatalready exist,mainly based on SupplyChain Finance (SCF) principles.
The investment, divided into a seed capital investment and technical assistance grant in the
first instance, will support the launch and rollout of the FACTS financing businesses focused on
agricultural supply chains in Kenya and Uganda.
FACTSprojectsfurtherexpansion tomarketsinTanzaniaandRwanda,aswellas toWestAfrica,
later in 2016. The DGGF support to FACTS should catalyse the commitment of additional
impact investors currently in process of considering investments.
+ + +
page 2 of 3
Dutch Government - DGGF
The DGGF is part of a €750 million, three-track programme by the Ministry of Foreign Affairs of
The Netherlands to leverage business and investor initiatives that contribute to economic and
social improvements in developing countries and emerging markets.
In this track, the DGGF/Investment Fund for Local SME, it provides investments in the form of
loans or equity in such ventures, as well as technical assistance and business development
support. These elements of the DGGF programme are managed by Triple Jump, an
Amsterdam-based impact investment management company, in consortium with PwC, the
international audit and advisory firm.
Financial Access (FA)
Financial Access Capital Partners is an Amsterdam-based investment and advisory firm
specialised in financing, as well as advisory services and technology (fintech) for the financial
sector in emerging and frontier markets. The firm is particularly active in Africa (with offices in
Nairobi and Kampala) and Southeast Asia (Jakarta and Bangkok). Now in its 10th
year, the firm
originated in a management buy-out of the emerging markets financial institutions advisory
practice of ING Bank. For additional information on FA, see www.financialxs.com.
For further details, see attached information, or contact:
FA/FACTS:
Amsterdam
Peter van der Krogt
Jan Cherim
+31 20 572 0760
Nairobi
Maarten Susan
+254 700 658 682
DGGF:
Amsterdam
Davide Loriggiola, Triple Jump
+31 20 760 0644
page 3 of 3
Background on FACTS
The story of FACTS goes back to the Finance4Agriculture (F4A) programmes that commenced
in 2013 in Kenya and in 2014 in Uganda, supported by the Dutch Ministry of Foreign Affairs
through the local Embassies, and managed by Financial Access (with partners: SCOPEInsight
in Kenya; SNV in Uganda).
F4A’s objective is to stimulate local financial institutions to increase lending to the Food &
Agriculture (F&A) sectors – which are generally seen as risky and unpredictable. Apart from
working with existing lenders, an element in these programmes was the development, trial and
application of innovative lending techniques to reach smaller participants in F&A supply chains
in East Africa.
This is done through:
 Establishment of the FACTS finance companies and building a network in East
Africa. FA are not newcomers but know the market and potential pitfalls.
 Using specialised software through two proven and carefully calibrated IT
platforms operating with banking partners as well as powering the FACTS
businesses.
 The command of detailed product expertise and knowledge of value chains
(with a focus on supplier and distributor financing in the F&A Sector).
 Drawing on the knowledge and expertise of FA’s banking advisory team in
Nairobi (established for almost 3 years) and co-operation in Uganda with major
Dutch NGO SNV.
 Support from donors such as the Dutch Government that support the
agrifinance programme. Promoting greater Food Security is one of the spear
points of Dutch development co-operation programmes worldwide.
The FACTS operations in the region are subsidiaries of FACTS East Africa, and part of FA’s
finance company network devoted to SCF. FA is actively rolling-out SCF solutions in other
countries in Africa, including Rwanda and Tanzania in East Africa, as well as Nigeria and
Cameroon. Through its co-operation with SNV it is also actively involved in providing farming-
related access to finance solutions in Indonesia (in the nutmeg and palm oil sectors).
+ + +

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PRESS RELEASE_(EN-Final)-DGGF+FACTS_02 Feb16

  • 1. page 1 of 3 Emmaplein 2 1075 AW Amsterdam The Netherlands Financial Access Capital Partners B.V. Registered in Amsterdam KvK no. 34255682 www.financialxs.com T +31 20 572 0760 info@financialxs.com PRESS RELEASE Version:7 (final) EMBARGO FOR RELEASE ON 1 FEBRUARY 2016 For the attention of: Amsterdam, Editors – Africa / Finance 1 February 2016 DUTCH GOVERNMENT INVESTS IN EAST AFRICAN SME FINANCE Financial Access benefits from Seed Capital investment and Technical Assistance support AMSTERDAM --The Dutch Good Growth Fund (DGGF), a €750 million development finance programme of the Dutch Foreign Ministry, has committed early-stage loans and grant funding to support the development of an innovative financing platform in East Africa. The initiative aims to provide loans to under-served small businesses (SMEs), primarily in the agricultural sector, applying existing lending technologies in a new context to support African development. The financing platform, developed by Financial Access (FA), the Amsterdam-based investment and advisory firm, trades under the name FACTS (Financial Access Commerce & Trade Services). FACTS aims at bridging the so-called ‘Missing Middle’: the working capital gap of small producers and suppliers who must wait long periods to get paid for delivered products or services in domestic supply chains. This problem is particularly acute in the Food and Agriculture (F&A) sectors. FA believes in the application of proven methods to ‘de-risk’ agriculturalfinancing thatalready exist,mainly based on SupplyChain Finance (SCF) principles. The investment, divided into a seed capital investment and technical assistance grant in the first instance, will support the launch and rollout of the FACTS financing businesses focused on agricultural supply chains in Kenya and Uganda. FACTSprojectsfurtherexpansion tomarketsinTanzaniaandRwanda,aswellas toWestAfrica, later in 2016. The DGGF support to FACTS should catalyse the commitment of additional impact investors currently in process of considering investments. + + +
  • 2. page 2 of 3 Dutch Government - DGGF The DGGF is part of a €750 million, three-track programme by the Ministry of Foreign Affairs of The Netherlands to leverage business and investor initiatives that contribute to economic and social improvements in developing countries and emerging markets. In this track, the DGGF/Investment Fund for Local SME, it provides investments in the form of loans or equity in such ventures, as well as technical assistance and business development support. These elements of the DGGF programme are managed by Triple Jump, an Amsterdam-based impact investment management company, in consortium with PwC, the international audit and advisory firm. Financial Access (FA) Financial Access Capital Partners is an Amsterdam-based investment and advisory firm specialised in financing, as well as advisory services and technology (fintech) for the financial sector in emerging and frontier markets. The firm is particularly active in Africa (with offices in Nairobi and Kampala) and Southeast Asia (Jakarta and Bangkok). Now in its 10th year, the firm originated in a management buy-out of the emerging markets financial institutions advisory practice of ING Bank. For additional information on FA, see www.financialxs.com. For further details, see attached information, or contact: FA/FACTS: Amsterdam Peter van der Krogt Jan Cherim +31 20 572 0760 Nairobi Maarten Susan +254 700 658 682 DGGF: Amsterdam Davide Loriggiola, Triple Jump +31 20 760 0644
  • 3. page 3 of 3 Background on FACTS The story of FACTS goes back to the Finance4Agriculture (F4A) programmes that commenced in 2013 in Kenya and in 2014 in Uganda, supported by the Dutch Ministry of Foreign Affairs through the local Embassies, and managed by Financial Access (with partners: SCOPEInsight in Kenya; SNV in Uganda). F4A’s objective is to stimulate local financial institutions to increase lending to the Food & Agriculture (F&A) sectors – which are generally seen as risky and unpredictable. Apart from working with existing lenders, an element in these programmes was the development, trial and application of innovative lending techniques to reach smaller participants in F&A supply chains in East Africa. This is done through:  Establishment of the FACTS finance companies and building a network in East Africa. FA are not newcomers but know the market and potential pitfalls.  Using specialised software through two proven and carefully calibrated IT platforms operating with banking partners as well as powering the FACTS businesses.  The command of detailed product expertise and knowledge of value chains (with a focus on supplier and distributor financing in the F&A Sector).  Drawing on the knowledge and expertise of FA’s banking advisory team in Nairobi (established for almost 3 years) and co-operation in Uganda with major Dutch NGO SNV.  Support from donors such as the Dutch Government that support the agrifinance programme. Promoting greater Food Security is one of the spear points of Dutch development co-operation programmes worldwide. The FACTS operations in the region are subsidiaries of FACTS East Africa, and part of FA’s finance company network devoted to SCF. FA is actively rolling-out SCF solutions in other countries in Africa, including Rwanda and Tanzania in East Africa, as well as Nigeria and Cameroon. Through its co-operation with SNV it is also actively involved in providing farming- related access to finance solutions in Indonesia (in the nutmeg and palm oil sectors). + + +