Devex | Dec 3, 2021
DAI has acquired microfinance specialist company MicroVest in a move aimed at strengthening DAI Capital, the global development organization’s growing finance arm.
MicroVest is a B Corporation that raises capital from private institutions and allocates it to financial institutions working with “underbanked” enterprises in emerging markets. It currently has $250 million under management and a staff of 20 people.
MicroVest is the second acquisition for DAI Capital, after it joined forces with investment bank Magister a year ago. Moraczewski said DAI has a “hybrid strategy” for growth that involves organic growth but could also include more acquisitions.
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