Finance Cluster

• Consumer Finance

Cim Finance initiated its Consumer Finance activities in 1987 and now offers credit finance solutions for the purchase of products and services as well as unsecured credit facilities with flexible repayment periods. A network of over 100 retail points of sale and 700 authorised merchants support its Consumer Finance activities across Mauritius and Rodrigues. Over the years, Cim Finance enhanced its digital capabilities, launching innovative products and services such as a behavioural credit scorecard, designed to make more accurate data-driven decisions, a user-friendly mobile app to enable remote payment, a WhatsApp service for personal loans, and a digital lending E-commerce solution integrated into the merchant partner’s e-commerce website.

• Leasing

In 1996, Cim Finance became the first player to introduce leasing activities in Mauritius, offering vehicle and equipment leasing services to individuals, entrepreneurs, SMEs, and large corporations. In 2021, Cim Finance pioneered a Green Lease scheme to encourage the purchase of electric or hybrid vehicles and equipment at attractive interest rates. In 2022, Cim Finance further expanded its portfolio by acquiring Tsusho Capital (Mauritius) Limited, a company engaged in vehicle leasing on the Mauritian Market since 2009.

• Cards & Payments

Cim Finance as a principal member of Visa and MasterCard, is the only non-banking institution issuing Credit Cards in Mauritius. Card clients can have up to 45 days credit free period while also enjoying facilities like lounge access and partner offers, amongst others. On the acquiring side, Cim Finance is one of the fast-growing acquirers on the island with services ranging from payment links to smart POS terminals. The endeavour is to help businesses grow while ensuring enhanced payment services to their customers. 

• Insurance

Cim Finance has taken on a pivotal role as a trusted insurance agent, partnering with top-rated insurance companies including SWAN, MUA, SICOM and Jubilee-Allianz, to offer a comprehensive suite of insurance protection products for its customers. The company offers insurance plans for credit purchases, loan facilities, motor vehicles as well as financed equipment.

• Factoring

True to its spirit of being a forerunner in its industry, Cim Finance introduced recourse Factoring services in 2004. Over the years, it has evolved its offering to include non-recourse and international factoring—all aimed at helping businesses improve their cash-flow so they can focus on their growth.

• SME

In its ongoing pursuit to assist SMEs in their transformation journey, Cim Finance launched the Noubiznes digital platform in 2022. Noubiznes offers a comprehensive ecosystem of expert advice, mentorship, networking and resources.

Investment Cluster

Cim Finance’s expansion into Africa began in Kenya with the establishment of Aspira, a wholly-owned subsidiary specialising in the Hire Purchase segment. In 2018, Aspira launched a mobile app to facilitate applications for credit facilities and the provision of information on loan status and payment updates. In 2022, Cim Finance acquired a minority stake in Fundkiss, Mauritius' pioneering peer-to-peer lending platform. Moreover, in line with its diversification strategy, Cim Finance has acquired a controlling stake in Loinette Capital, an asset-based finance provider focused on creating bespoke funding solutions to SMEs across sub-Saharan Africa since 2008. The company is headquartered and regulated as a credit provider in Mauritius, with representatives in West, Central and East Africa and Mauritius.