FOR IMMEDIATE RELEASE Bamboo Finance Financial Inclusion Fund II Makes First Investment in MovilRed The Largest Banking Correspondent Agent Network in Colombia LUXEMBOURG and BOGOTA, COLOMBIA, 8 February, 2016 -­‐-­‐ Bamboo Finance, a private equity firm specializing in investing in essential services sectors in emerging economies announced today a 6 million dollar investment in MovilRed, the largest Banking Correspondent Agent network in Colombia with more than 85,000 agents. The network offers financial and transactional services to consumers across Colombia. Bamboo’s investment was part of a Series B funding round. “Lowering the cost of financial services and creating access for consumers where there is limited or no presence of a traditional banking system through branchless delivery models while creating additional revenue streams for local businesses is key to building a thriving and sustainable economy in Colombia. MovilRed’s demonstrated leadership, serving more than 50% of the market with diverse product offerings and a multibank approach makes it well positioned to stay at the forefront of delivering affordable financial services across Colombia,” said Santiago Alvarez, Investment Manager, Bamboo Finance. "Allowing millions of underserved Colombians to access financial services through data captured on their daily digital transactions is a dream that seems closer now. Bamboo is now part of pursuing this vision with MovilRed. We are very proud to add their fintech experience towards achieve our goals" said Hernando Rubio, CEO, MovilRed. The travel distances to the nearest bank branch and high costs of financial services are the main barriers for financial inclusion of consumers in Colombia. During the past few years, Colombia financial institutions’ points of sales and agents almost tripled and banking correspondence transaction growth has also expanded. However, 30% of the adult population remains without access to products, services and transaction points. The Bamboo Finance Financial Inclusion Fund II is focused on investing in these segments of banking in emerging economies, which are characterized by large unmet needs with fast growth potential through efficient delivery models including Fintech based distribution channels. “MovilRed is an exciting company with the ability to drive national expansion strategies to remote areas. MovilRed is led by an experienced management team that has demonstrated the ability to develop multiple products and forge strategic partnerships with the leading banks in the region. We look forward to partnering with them during their next phase of growth,” said Xavier Pierluca, Head of Financial Inclusion, Bamboo Finance About Bamboo Finance Bamboo Finance is a private equity firm specializing in investing in business models that benefit low-­‐income communities in emerging markets with offices in Luxembourg, Geneva, Bogota, Nairobi and Singapore. Bamboo Finance uses a market-­‐oriented approach to deliver social and environmental value and provide attractive financial returns to investors. Bamboo Finance manages 280 MUSD; representing three global funds and a portfolio of investments operating in 30 emerging market countries. Bamboo has a track record of demonstrated commercial returns, and a portfolio of investments that have provided 16 million clients with access to services and created more than 20,000 jobs. About MovilRed MovilRed, operated by Tranza S.A.S., is the largest agent network in Colombia with more than 85,000 agents and one of the largest administrators of a multibank banking correspondence agent network, all of them connected through an integrated proprietary IT platform. Through this platform, agents can offer mobile top-­‐ups, financial products (domestic money transfer, bill payment, deposits and withdrawals), welfare payments and public transportation recharge services to low and middle income customers across the country. Press Contact: Tracy Barba +1 415 933 1304 [email protected]