FCI welcomes CIM Finance Ltd as its Associate Member

Monday 3 September 2018

Cim Financial Services Ltd (Cim Group) is the largest non-banking financial institution in Mauritius. It is listed on the Stock Exchange of Mauritius, with over 700 employees. Cim Group and its subsidiaries operate across three clusters.

Cim Finance has been offering financial solutions to consumers, SMEs and large corporates since 1987 and currently has close to 100 retail points-of-sale (counters) across Mauritius. Cim Finance’s main business units are Consumer Finance, Cards & Payments, Leasing & Factoring.

Cim Property holds a diversified portfolio in Mauritius comprising office, commercial and industrial properties as well as significant land assets held for development.

The investment cluster includes Cim Finance Kenya and a significant stake in iVeri Payment Technologies, a pan-African electronic payment solutions provider based in Johannesburg. Cim Finance Kenya is a recently launched Fintech Consumer Finance business based in Nairobi.

Cim Finance launched its factoring business in 2004 offering recourse factoring to its domestic customers and launched its non-recourse product in 2006. Its specialised, professional and dynamic team has more than 10 years of experience in the factoring industry. Its credit insurer is Coface. In close partnership with them, Coface advises at every stage of the business life cycle, helping Cim Finance to anticipate and evaluate the risks and helping Cim Finance to make the right decisions.