Investment in high volume working capital lender Dunasplus
responsAbility further expands its portfolio in Brazil
Zurich, 20 June 2017 — A responsAbility-managed private equity vehicle has completed a USD 6 million investment in the Brazilian factoring company Dunasplus and now holds a significant minority stake in the company. Dunasplus focuses on supplying short-term working capital to SMEs, thus closing a gap in Brazil’s financial market.
Dunasplus’ financing offering is mainly targeted at small companies in the underserved regions of Brazil that often have limited access to affordable loans to meet their short-term working capital needs, as commercial banks are absent from the SME market. This financing gap has been exacerbated by continued difficult economic conditions in Brazil in recent years.
The business model that has allowed Dunasplus to successfully open up the SME market is largely driven by technology: a highly automated IT platform enables the fintech firm to process a large number of small transactions cost effectively. SMEs are supplied with short-term working capital financing through the factoring of receivables.
Michael Fiebig, Head of Equity Investments, Financial Institutions, at responsAbility, explained:
“Despite the current challenging economic environment, many Brazilian SMEs are operating very successfully and are generating demand for fair and straightforward financing, such as that supplied by Dunasplus. We look forward to supporting this dynamic company as it embarks on its next stage of growth.”
responsAbility Investments AG
Ulli Janett, Media Relations
+41 44 403 06 33
ulli.janett [at] responsAbility.com
The Brazilian factoring company Dunasplus provides SMEs with short-term working capital financing through the purchase of receivables. It focuses on small companies in underserved regions of Brail that often have limited access to financing. Dunasplus uses a highly automated technology platform that allows it to process high volume, low ticket factoring transactions.
About responsAbility Investments AG (responsAbility.com)
responsAbility Investments AG is a leading asset manager in the field of development investments that offers professionally managed investment solutions to private, institutional and public investors. The company supplies debt and equity financing to firms in emerging economies and developing countries.
responsAbility currently has USD 3.1 billion of assets under management invested in over 550 companies in 97 countries. Founded in 2003, the company is headquartered in Zurich and has local offices in Bangkok, Hong Kong, Lima, Luxembourg, Mumbai, Nairobi, Oslo and Paris. Its shareholders include a number of reputable institutions in the Swiss financial market and its own employees. responsAbility is regulated by the Swiss Financial Market Supervisory Authority FINMA.