A Differentiated Approach

Ronoc brings a strategic and hands-on approach to investment with a key focus on impact investing. We seek to identify opportunities that will improve access to financial services and also enable financial inclusion for the unbanked. This is evident through one of Ronoc’s flagship investments in XacBank, Mongolia, the fourth largest bank in Mongolia, which boasts a diverse local and internationally reputable investor base and board. 

Ronoc has been an investor in XacBank since 2008 when the institution was only a microfinance operation and since then Ronoc’s Chairman, Michael Madden has continuously served on the board of Directors and multiple sub committees, contributing and assisting to success that has seen the Bank develop into a fully fledge retail bank with its asset base growing from about US $78 million to over $1.2 billion dollars over that period. 

Ronoc is a member of the Emerging Markets Private Equity Association (EMPEA), the global industry association for private capital in emerging markets. In 2012 the EMPEA conducted and published an independent case study on Ronoc’s investment in XacBank, highlighting Ronoc’s contribution and commitment to the institution. Ronoc also reports its social contribution and impact analysis to the Global Impact Investing Network (GIIN) a non-profit organization dedicated to increasing the scale and effectiveness of impact investing.

In the Mobile Fintech space, Ronoc has worked in over 25 countries across five continents with governments, international financial institutions, leading development organizations, and businesses in the banking, telecommunications, and financial sectors. The team has extensive and diverse expertise from management consulting, financial products and operations, systems architecture and mobile app development.

 

Creating Value

In order to position institutions to capture market share and achieve rapid growth and profitability, Ronoc believes that close engagement with portfolio institutions is critical. In this regard, Ronoc works with senior management to strengthen the following areas, among others: management capacity, corporate governance, financial systems and controls, credit analysis, management information systems, human resource management, marketing, client outreach and retention. In so doing, Ronoc will focus on enhancing the long-term sustainability of portfolio institutions long beyond exit.

As tailored, competitively-priced financial services are extended both to traditionally-overlooked and emerging demand segments, it can have a profound socio-economic impact on the ground, enabling marginalised groups to participate more fully in the financial and economic fabric of their countries through access to finance. 

 

What is Impact Investing?

Impact investments aim to solve social or environmental challenges while generating financial profit. Impact investing includes investments that range from producing a return of principal capital to offering market-rate or even market-beating financial returns. Although impact investing could be categorized as a type of “socially responsible investing,” it contrasts with negative screening, which focuses primarily on avoiding investments in “bad” or “harmful” companies – impact investors actively seek to place capital in businesses and funds that can harness the positive power of enterprise.

The impact investing industry has the potential to steer significant sums of money to market-based solutions to the world’s most pressing challenges, including sustainable agriculture, affordable housing, affordable and accessible healthcare, clean technology, and financial services for the poor. 

Ronoc strives to identify impacting investment opportunities in emerging markets, specifically focusing on Financial Services and Mobile Fitnech space. Ronoc seeks to identify opportunities that will both improve access to financial services and also enable financial inclusion for the underbanked in high potential emerging economies. As part of our commitment to Impact Investing, Ronoc reports its social contribution and impact analysis to the Global Impact Investing Network (GIIN) a non-profit organization dedicated to increasing the scale and effectiveness of impact investing.

Ronoc is also a member of the Emerging Markets Private Equity Association (EMPEA), the global industry association for private capital in emerging markets. In 2012 the EMPEA conducted and published an independent case study on Ronoc’s investment in XacBank, highlighting Ronoc’s contribution and commitment to the institution. In 2012 The Emerging Markets Private Equity Association (EMPEA) conducted an independent study on one of Ronoc’s Investments.