Microfinance Focus, March 16, 2011: Kredits, a technology solutions provider for microfinance institutions (“MFIs”), announced it has received a USD $4.5 million investment from Sophia ApS, a Danish investment vehicle. Kredits will use the investment to accelerate delivery of new technologies and expand its global client services presence.

“We are excited about our partnership with Shailendra Robin Patel, Founder of Sophia ApS, who helped build Saxo Bank into one of the world’s leading online financial institutions,” Mr. Eggert added. “Robin’s experience in building successful, scalable financial services will strengthen our ability to meet growing demand for business driven solutions. Our commitment is to help MFIs accelerate their outreach in providing financial services to the world’s poor on an affordable basis.”

Kredits is internationally recognized for the outstanding scalability and reliability of its technology solutions, and its ability to conform to any MFI’s unique set of operating requirements. An acknowledged industry leader, Kredits was one of the first solution providers to support the Grameen models and all principal forms of microcredit, savings, insurance and livelihood financing.

Kredits will present its solutions at the Microfinance Centre Annual Conference in Prague on May 18-20, 2011.



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