SBI FMO Emerging Asia Financial Sector Fund Pte. Ltd.

SBI FMO Emerging Asia Financial Sector Fund Pte. Ltd. (the “Fund”), is a growth strategy private equity investment fund which invests in financial services and fintech sector in Emerging Asia to capitalize on the high expected growth of the region, spurred both by high GDP growth as well as under-penetration of financial services in the Target Countries. The Target Countries in Emerging Asia, based on development stage and growth potential of financial services are India, Sri Lanka, Bangladesh, Indonesia, Philippines, Thailand, Cambodia and Vietnam.


VIMO Technology Joint Stock Company

VIMO is a provider of mobile payment solutions in Vietnam that enables users to send and receive money, pay bills, top up airtime and pay for goods on mobile. Comparable to ApplePay or Samsung Pay, VIMO is the premier card-not-present mobile-wallet platform that offers peer-to-peer money transfer, personal financial services and in-store payment for consumer and real-world merchant of all size. VIMO owns the exclusive co-branding mobile payment agreement with MobiFone, the 2nd largest mobile network operator in Vietnam. VIMO is one of the 15 official holders of a mobile payment license granted by the State Bank of Vietnam.

Innoviti Payment Solutions

Innoviti is a pioneer in the use of technology to solve real-world payment problems of retail merchant businesses such as payments automation, consumer credit distribution and SME lending. By bringing increased efficiency across both ends of payments, Innoviti help businesses to both save costs and boost sales. More Information regarding Innoviti is available at


InstaReM is a Singapore headquartered fintech company, providing fast, safe and cost effective global cross-border digital money transfer solutions for SME, corporates and individuals. InstaReM distinguishes itself from traditional bank transfer through its speed, lower costs and transparency of transaction fees. More Information regarding Instarem is available at


Bank-Genie™ is a Singapore incorporated Fin-tech company which provides mobile native software that enables banks and financial institutions to create virtual retail branches. Using a mobile device such as a tablet, POS terminal or smartphone, these financial institutions will be able to offer services such as bill payments, insurance premium payments, and other bank account management services. The company has customers across Africa, South Asia and Southeast Asia.

More information regarding Bank-Genie is available on

Sanasa Development Bank (SDB)

With its unique history in being the bank for Sri Lanka’s largest cooperative moment, SDB has grown to be one of the leading banks in the country. SDB’s key businesses are the micro and retail lending, while SME is its key growth segment. SDB has a wide distribution network comprising 88 branches serving more than 1.1 million customers throughout Sri Lanka.

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Satin Creditcare Network Limited (SCNL)

Established in 1990, Satin is India’s 5th largest listed Microfinance Institutions (“MFI”). Satin has strong operational track record and has been profitable for the last ten years. Over the last five years, Satin has experienced strong growth with it loan disbursements growing at a 49% CAGR . As of September 2016, Satin’s loans portfolio stood at ~USD600 million; it has 681 branches covering more than 16,000 villages in India .

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PT Bank Index Selindo

Established in 1993, Bank Index is a private Indonesian foreign-exchange licensed bank focussed on the SME sector (working capital and investment loans). Bank Index’s physical footprint includes 42 branches and offices – 24 of which are located in Jakarta while the rest are in major cities. Bank Index is majority owned by Setiawan family, a prominent Indonesian family, whose business interests range from financial services, sugar and flour refinery and property. As of September 2015, Bank Index’s loans and deposit portfolio stood at USD360M and USD429M, respectively.

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Taraashna Services Private Limited (TSPL)

Taraashna is amongst the largest Banking Agent/Correspondents in India. It operates as a service-provider to private sector banks to provide other banking products such as deposits, withdrawals and structured loans to rural consumers. Taraashna originates microfinance loans and deposits for banks, meeting their objectives of achieving Priority sector lending, Commercial yields; and Lower associated operating expenses compared to setting up physical network themselves. Taraashna has an ‘asset lite’ business model for financial inclusion in rural India. TSPL is currently operating in six states of India, as a Business Correspondent (BC) partner/service provider for reputed commercial banks, NBFC’s & Financial Institutions.

More information regarding TSPL is available on