TriLinc Global Makes an Acquisition

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TriLinc Global LLC said Wednesday that it acquired the assets of MF Analytics Ltd., which provides financial software and services for the burgeoning worldwide microfinance industry.

It is the second deal this month for TriLinc, a Los Angeles investment company that targets companies working toward positive social and environmental impact. Microfinance involves the lending of small amounts of money, sometimes as little as $100 or less, to tiny businesses in developing countries.

MF Analytics, based in Cambridge, Mass., made a splash when it worked with Bangladesh bank BRAC, Citibank and other large international banks to securitize $180 million in microfinance loans. The BRAC deal won awards, including one from CFO Magazine, for its groundbreaking effort in providing financing to emerging Asian economies.

“MF Analytics is a pioneer in creating innovative instruments … to finance growth in under developed markets,” said TriLinc Chief Executive Gloria Nelund in a statement.

TriLinc earlier this month bought another Cambridge company, Paes Inc. for $7.5 million in a combination of stock, debt assumption and cash. Paes provides software to financial institutions that serve small- to medium-sized enterprises in developing countries.

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