ADB Ventures

Fintech, smartphone digital banking

ADB Ventures invest in FinTech firm Fairbanc for Indonesia expansion

Fairbanc's proprietary data science and machine learning platform leverages supply-chain data of FMCG distributor partners which allows financial institutions to assess credit risk and extend working capital to MSMEs with limited credit history and collaterals, according to the disclosure.

ADB Ventures announces first two investments: an India CleanTech and an EV company with planned Southeast Asia expansion

This is the fund's first investment since being founded in early 2020. ADB Ventures’ first vehicle closed at $60 million last September 2020, $10 million over its initial target.

ADB Ventures plans $100M debt fund support for growth-stage companies in CleanTech and AgriTech by 2022

The multilateral's $100M fund aims to address the lack of late-stage funding for impact projects. The fund will concentrate on investing in companies in their Series B stage of funding for scaling and expansion.