Incofin Investment Management
VC Fund
Antwerp, Belgium
Incofin Investment Management is a VC fund in Antwerp focused on Financial Services and Finance. Incofin Investment Management (Incofin IM) manages funds that invest in microfinance institutions (MFIs) in developing countries. MFIs provide financial services, such as credits, savings and insurances, to people who cannot have recourse to regular banks. As a specialist in rural microfinancing, Incofin IM’s main goal is to reach out to people who live in more secluded rural areas and/or who are active in the agricultural sector.
- Total investments:
- 39
- Last investment:
- Lead investor:
- 46%
- Fund size:
- $68M
- Last fund:
Last updated:
For AI agents: llms.txt
Industries Incofin Investment Management invests in
Stages Incofin Investment Management invests in
Countries Incofin Investment Management invests in
Round sizes
Contacts
| Name | Phone | Socials | |
|---|---|---|---|
Round size
- Series A
- $4M–$8.1M
- Series B
- $3.5M–$46M
- Debt Financing
- $3M–$10M
Investment Focus
Industry
- Financial Services 16 (41%)
- Finance 9 (23%)
- Banking 6 (15%)
- FinTech 6 (15%)
- Agriculture 4 (10%)
Stage
- Series A 10 (26%)
- Series B 9 (23%)
- Debt Financing 5 (13%)
- Venture - Series Unknown 5 (13%)
- Private Equity 3 (8%)
Country
- India 20 (51%)
- Kenya 1 (3%)
- Rwanda 1 (3%)
- Uganda 1 (3%)
- Myanmar 1 (3%)
Team
| Name | Title | Investments | Links | |
|---|---|---|---|---|
Aditya Bhandari
Partner & Co Regional Director - Asia
|
Partner & Co Regional Director - Asia | Total investments: 8 | Find email | |
Bharat Banka
Independent IC Member
|
Independent IC Member | Total investments: 2 | Find email | |
Loïc De Cannière
Managing Partner and Founder
|
Managing Partner and Founder | Total investments: 0 | Find email | |
Michaël Blockx
Director Private Equity Operations
|
Director Private Equity Operations | Total investments: 3 | Find email | |
Salome Ndunda
Investment Manager
|
Investment Manager | Total investments: 0 | Find email |
Investments
| Company | Description | Round | Links |
|---|---|---|---|
| ACE International manufactures and distributes dairy powders, milk proteins, and other food grade components. | $34.1M / Private Equity / Nov 27, 2025 | ||
| SuperZop is an Agri-commerce platform for Kirana stores that is transforming the unorganized retail sector with the use of disruptive technologies and process innovations. The platform also specializes in distribution, retail, technology, supply chain, B2B. It also has the goods delivered at his shop in quick time and easy to use vernacularinterface the retailer can order all his grocery demands with a click of a button.SuperZop was founded in 2016 and is headquartered in Ahmedabad, Gujarat, India. | $12.6M / Series B / Jul 07, 2025 | ||
| Ficohsa is a bank that provides financial products and services. They specialize in personal banking, corporate banking, entrepreneurial banking, mortgage banking, credit cards, and more. | $10M / Debt Financing / Mar 07, 2025 | ||
| Sahyadri Farms is a farmer producer and agricultural company. | $45.9M / Series B / Dec 20, 2024 | ||
| Couvoir Amar focuses on growing local chicken production to make it more affordable for lower-income populations while also addressing Senegal's food security and nutritional needs. | Debt Financing / Dec 13, 2024 | ||
| Truk Rwanda provides cold storage and transportation solutions for fresh fruits and vegetables, allowing farmers in central Rwanda to extend the shelf life of their produce. | Debt Financing / Dec 11, 2024 | ||
| Spouts of Water is manufacturing water purification filters for households to ensure that they have constant access to clean drinking water. | $3.2M / Private Equity / Nov 14, 2024 | ||
| Arthan Finance is an endeavours to transform small businesses with an objective to provide growth capital to self-employed micro and small enterprises in India with innovative products and services blended with local expertise while ensuring seamless and personalised delivery in a highly technology enabled environment. | $6M / Series B / Jun 10, 2024 | ||
| SaGgraha Management Services is a Bottom of the Pyramid financial services provider with a mission to contribute to the country's financial inclusion effort. The company is promoted by a team of professionals with banking, microfinance and financial services experience. The company believes at maintaining highest ethical and professionalstandards, governance and transparency. | $10M / Venture - Series Unknown / May 22, 2024 | ||
Fruitwall
|
Fruitwall specializes in orchard installation, development, and maintenance of controlled atmospheric storage facilities. | $7.2M / Series A / Feb 05, 2024 | |
| See all 39 investments → | |||
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FAQ
What does Incofin Investment Management invest in?
Incofin Investment Management invests primarily in Financial Services, Finance and Banking startups, most often at Series A and Series B stage. Most of the 39 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.
What round sizes does Incofin Investment Management invest in?
Incofin Investment Management typically joins rounds of $4M–$8.1M at Series A, $3.5M–$46M at Series B and $3M–$10M at Debt Financing. These are whole funding-round sizes, not Incofin Investment Management's own check, which is rarely disclosed: the 10th–90th percentile of the confirmed public funding rounds Incofin Investment Management took part in.
How do I contact Incofin Investment Management?
Public channels for Incofin Investment Management include LinkedIn, the website linked on this profile and Facebook. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.
Who are the partners at Incofin Investment Management?
The team at Incofin Investment Management includes Aditya Bhandari (Partner & Co Regional Director - Asia), Bharat Banka (Independent IC Member) and Loïc De Cannière (Managing Partner and Founder). The Team section lists each member with their title, investment count and links.
Is Shizune's investor data accurate?
Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.
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