DAI has acquired MicroVest Capital Management (MicroVest), a lender to responsible finance institutions. The deal expands the capabilities of DAI’s investment management arm, DAI Capital.
Founded in 2003, MicroVest allocates private investments to financial institutions that serve disadvantaged and underbanked enterprises in emerging markets. The company has disbursed more than USD1 billion to some 200 financial institutions across 60 countries to help create economic opportunities and facilitate financial inclusion.
The combination of DAI and MicroVest reflects the two firms’ shared commitment to mobilize private sector capital to create jobs, reduce poverty, and advance the UN Sustainable Development Goals.
