Financiera Desyfin, a Costa Rica-based regulated deposit taking finance company, received $3m in subordinated debt from Sustainability | Finance | Real Economies SICAV – SIF (SFRE, pronounced Sapphire).
The company intends to use the funds to obtain a banking license and to triple its client base over the next 4 years.
Founded in 2011 by Silvio Lacayo Sr., Financiera Desyfin is a regulated deposit taking finance company, which is in the process of obtaining a banking license. The company is already a leader in the factoring and SME lending sectors.
Initiated by the Global Alliance for Banking on Values and led by Jim Prouty, CEO, SFRE is an investment company created to support the globally growing segment of banks focused on serving individuals and enterprises in the real economy, while delivering a bottom line of economic, social and environmental impact. It is a Luxembourg SICAV-SIF with its initial compartment (SFRE Fund) established in February 2015.