The Role of Catalytic Capital in Digital Credit Markets

In an insightful report, the Center for Financial Inclusion (CFI) focuses on the role of catalytic capital as a force multiplier for investments in the digital credit industry. The paper draws lessons from how digital credit markets have evolved, driven by initial catalytic capital investments that spurred further investments, and highlights guardrails needed at the market level to ensure that growth is responsible, impactful, and leads to inclusive market development.