FMO proposes grant to impact investment firm One to Watch

Mandalay, Myanmar

Dutch development bank FMO has proposed to offer a Euro 0.4-million grant ($438,075) to One to Watch (OTW), an impact investment management company based in the Netherlands with subsidiaries in Nepal and Myanmar, according to its disclosure.

This investment was done through the bank’s MASSIF fund, which provides access to financial services such as bank accounts, savings products and loan products for micro-, small- and medium-sized entrepreneurs.

According to the Dutch lender, the grant to One To Watch is to support two accelerator programmes for local entrepreneurs/small and medium enterprises in Myanmar and Nepal to support capacity building and make them investment-ready.

“Small and medium enterprises form the backbone of an inclusive economy. Supporting OTW with its accelerators improves access to finance for local entrepreneurs and generate inclusive economic growth, generating direct and indirect jobs and reducing inequalities,” FMO said in the disclosure.

Established in 2012, OTW invests in entrepreneurs who take on a leadership position in their societies. In 2019, OTW established its Myanmar-focused vehicle.

In 2018, OTW launched the Nepal Impact Investment Community 2 (NIIC 2) to aid the Missing Middle of Nepal’s economy. The Euro 20-million venture capital fund is focused on investing in SMEs in Nepal working in the basic needs industries— agriculture, infrastructure and healthcare.

In Myanmar last year, the Dutch development bank proposed a $13.5 million investment to help develop Mandalay City, the country’s second-largest city.

In Nepal, the bank had earlier proposed to invest $35 million debt financing for the development of Upper Trisuli 1, a 216 MW greenfield hydropower project in Nepal, developed by IFC-backed Nepal Water and Energy Development company.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.