FinDev Canada, Canada's new DFI, announces first transaction
FinDev Canada, Canada’s newly launched development finance institution (DFI), has announced its first transaction: a US$10 million investment in M-KOPA, a leading ‘pay-as-you-go’ energy provider to off-the-grid homes. This first investment exemplifies FinDev Canada’s stated commitment to enabling transactions with substantial developmental impact around economic growth and job creation, improving the lives of women, and reducing poverty and environmental impact. FinDev Canada joins existing M-KOPA investors including the CDC Group, the United Kingdom’s development finance institution.