Beltone Leasing and Factoring, a subsidiary of Egypt’s Beltone Holding, has secured USD 20 mn in funding from two impact investment funds managed by Germany-based Finance in Motion GmbH, Invest-Gate reports.
The funding is divided equally, with USD 10 mn from the SANAD Fund for MSME and $10 mn from the Green for Growth Fund (GGF), the company said. The agreement has a repayment tenor of five years.
SANAD’s contribution will support financial inclusion for micro, small, and medium-sized enterprises (MSMEs) and low-income households across the Middle East and North Africa (MENA). The portion from GGF will be allocated to financing renewable energy, energy efficiency, and sustainable resource use initiatives in the MENA region and its neighbouring regions.
The company said the transaction is part of its strategy to deliver non-bank financial solutions that promote economic empowerment and environmental sustainability, in line with Egypt’s Vision 2030 and its commitment to sustainability across its operations.
Amir Ghannam, Deputy Head of NBFIs for Leasing, Factoring, and Consumer Finance, said, “Securing foreign currency funding from institutions like SANAD and GGF enhances our ability to diversify our capital base and offer more competitive financing solutions. This funding will enable us to strengthen our support for MSMEs while accelerating green projects that contribute to a more sustainable and resilient future.”
Sherif Hassan, Group Treasurer and Managing Director of Debt Capital Markets, said, “This funding reflects our strong collaboration with Finance in Motion and our commitment to channelling strategic capital to grow Beltone Leasing and Factoring. It also highlights our focus on ESG-driven financing, in line with the broader Beltone’s mission to support sustainable and impactful growth.”
Both funds are managed by Finance in Motion GmbH, an impact asset manager focused on sustainable development in emerging economies, in collaboration with development finance institutions, private investors, and governments.