# Paulo Martelli

> Paulo Martelli is a debt financing investor at FinDev Canada backing Financial Services. See 18 investments, check sizes, portfolio. Updated Aug 2026.

- Type: Angel Investor
- Fund: [FinDev Canada](https://shizune.co/investors/profile/findev-canada)
- Location: Montréal, Canada
- Total investments: 18
- Last investment: Oct 2025
- Lead investor: 56%
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/in/paulo-martelli-cfa-71179665/?originalSubdomain=ca
- Website: https://www.findevcanada.ca/en/who-we-are/paulo-martelli

Paulo Martelli is a debt financing investor at FinDev Canada in Montréal focused on Financial Services and Banking. Paulo Martelli is the Chief Investment Officer at FinDev Canada. He attended Harvard Kennedy School.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Financial Services | 14 | 78% |
| Banking | 7 | 39% |
| Finance | 5 | 28% |
| Credit | 4 | 22% |
| Insurance | 3 | 17% |

23 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Debt Financing | 16 | 89% |
| Post-IPO Debt | 1 | 6% |
| Venture - Series Unknown | 1 | 6% |

### Country

| Country | Investments | Share |
| --- | --- | --- |
| Togo | 2 | 11% |
| Ecuador | 2 | 11% |
| Colombia | 2 | 11% |
| Peru | 1 | 6% |
| Chile | 1 | 6% |

15 countries tracked in total.

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Africa Finance Corporation | Africa Finance Corporation focuses on infrastructure financing across various sectors, including power and transportation. The institution provides debt, equity, project development, and financial advisory services to address infrastructure needs. It was established through an agreement among sovereign African states and has received anchorinvestment from the Central Bank of Nigeria. Since its establishment, AFC has invested significantly in high-quality infrastructure assets to support sustainable economic growth in Africa. | $100M | Debt Financing | Oct 21, 2025 |  |
| West African Development Bank | BOAD serves as the community's primary source of development financing. It is an autonomous and decentralized institution of the Union. In order to realize UEMOA's goals without jeopardizing those set forth in the UEMOA Treaty, it helps to gain total independence. It is a public organization with an international scope whose goal is tosupport the development and operation of a local financial market. The special fund that will be established will be given the responsibility of directly or indirectly absorbing offers and, possibly, fulfilling requests from the public for securities and will be given this responsibility above the banking system. | $22M | Debt Financing | Dec 19, 2023 |  |
| Genneia | Genneia operates as a renewable energy generation company. Genneia engages in the provision of sustainable energy solutions. | $85M | Debt Financing | Feb 23, 2023 |  |
| Banco de Occidente, S.A. | Banco de Occidente is the fifth largest bank in Colombia by asset level and portfolio at June 30, 2016. It has national coverage and a portfolio of integrated products and services, offered through a network of 241 offices and 336 ATMs 9,671 banking correspondents and other features. | $100M | Debt Financing | Aug 31, 2022 |  |
| Ecobank | Ecobank Transnational Incorporated (ETI), a public limited liability company, was established as a bank holding company in 1985 under a private sector initiative spearheaded by the Federation of West African Chambers of Commerce and Industry with the support of the Economic Community of West African States (ECOWAS). In the early 1980’s foreign andstate-owned banks dominated the banking industry in West Africa. Commercial banks in West Africa owned and managed by the African private sector were a rarity. Its founders created ETI with the objective of filling this vacuum.The Federation of West African Chambers of Commerce promoted and initiated a project to create a private, regional banking institution in West Africa. In 1984, Ecopromotions S.A. was incorporated. Its founding shareholders raised seed capital for feasibility studies and the promotional activities leading to the creation of ETI.In October 1985, ETI was incorporated with authorised capital of US$100 million. The initial paid up capital of US$32 million was raised from over 1,500 individuals and institutions from West African countries. The largest shareholder was the ECOWAS Fund for Cooperation, Compensation and Development (ECOWAS Fund), the development finance arm of ECOWAS.Ecobank signed a Headquarters’ Agreement with the Government of Togo in 1985, which granted it the status of an international organisation. This status came with the rights and privileges necessary for ETI to operate as a regional institution, including the status of a non-resident financial institution. ETI commenced operations with its first subsidiary in Togo in March 1988. | $20M | Post-IPO Debt | Jan 25, 2022 |  |
| JMMB Group | JMMB Group provides banking, investments, remittances, and insurance services to clients. | $20M | Debt Financing | Jan 18, 2022 |  |
| Banco Promerica de Costa Rica | Banco Promerica de Costa Rica is a Costa Rican bank that offers financial services to individuals and companies. Their essence is the firm and lasting relationships with their clients and collaborators, both committed to the development and future of Costa Rica | $15M | Debt Financing | Nov 29, 2021 |  |
| FEDECRÉDITO | FEDECRÉDITO is a federation of credit banks and workers' banks that offers an electronic channel to perform financial operations. | $10M | Debt Financing | Nov 15, 2021 |  |
| Trade and Development Bank -TDB | Established in 1985, the Eastern and Southern African Trade and Development Bank (TDB), formerly the PTA Bank, is a multilateral, treaty-based development financial institution, with assets of over US$ 5 billion. The Bank’s mandate is to finance and foster trade, regional economic integration and sustainable development, through trade finance,project and infrastructure finance, asset management and business advisory services. In the past five years, TDB’s shareholder base has grown from 19 to 35 members, including 22 Member States from across COMESA, EAC and SADC, 2 non-African member countries and 11 institutional investors. During the same period, shareholder equity funds increased by 150%, annual net profits by 100%, and non-performing loans were halved. TDB currently has regional offices in Nairobi, Harare and Addis Ababa, and principle offices in Bujumbura and Port-Louis. | $20M | Debt Financing | Nov 09, 2021 |  |
| Pacific Savings and Credit Cooperative | Pacific Savings and Credit Cooperative maintains an organizational philosophy that rescues the values of their ancestors like solidarity, humility, and respect. The basis of our service is a financial institution that engages in financial products and services. | $10M | Debt Financing | Jun 16, 2021 |  |

10 of 18 investments shown.

## Co-investors
- [FMO](https://shizune.co/investors/profile/fmo) — VC Fund, 3 deals together
- [Barclays Investment Bank](https://shizune.co/investors/profile/barclays-capital) — VC Fund, 1 deal together
- [IDB Invest](https://shizune.co/investors/profile/idb-invest) — VC Fund, 1 deal together
- [Oesterreichische Entwicklungsbank AG](https://shizune.co/investors/profile/oesterreichische-entwicklungsbank-ag) — VC Fund, 1 deal together
- [responsAbility Investments AG](https://shizune.co/investors/profile/responsability-2) — VC Fund, 1 deal together

## About FinDev Canada

VC Fund · Montréal, Canada

FinDev Canada is a development finance institution that offers financial solutions to businesses in developing countries, with the potential to develop markets, empower women, and mitigate climate change. It provides innovative and sustainable solutions for entrepreneurs in developing markets. It primarily invests in companies operating in thealternative energy, agriculture, and financial sectors.FinDev Canada was established in 2018 and is headquartered in Montréal, Quebec.

5 contacts available at FinDev Canada.

| Name | Title | Profile |
| --- | --- | --- |
| Boris Martin | Advisory Council Member | https://shizune.co/investors/profile/boris-martin-fe2f |
| Joan Larrea | Advisory Council Member | https://shizune.co/investors/profile/joan-larrea |
| Paul Lamontagne | Managing Directo | https://shizune.co/investors/profile/paul-lamontagne-bb3e |
| Paulo Martelli | Chief Investment Officer | https://shizune.co/investors/profile/paulo-martelli-6063 |
| Suzanne Gaboury | Chief Investment Office | https://shizune.co/investors/profile/suzanne-gaboury |

## Similar investors

### Similar stage
- [ENISA](https://shizune.co/investors/profile/enisa-2) — VC Fund
- [Development Bank of Wales](https://shizune.co/investors/profile/development-bank-of-wales) — VC Fund
- [The FSE Group](https://shizune.co/investors/profile/finance-south-east) — VC Fund

## FAQ

### What does Paulo Martelli invest in?

Paulo Martelli invests primarily in Financial Services, Banking and Finance startups, most often at Debt Financing and Post-IPO Debt stage. Most of the 18 investments tracked by Shizune back companies in Togo. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Paulo Martelli last invest?

The most recent investment recorded for Paulo Martelli closed in Oct 2025. Shizune tracks 18 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### 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 Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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