OPIC Loan to Support Expansion of Development-Focused Technology Business
May 22, 2018
(OPIC)
WASHINGTON, D.C. – The Overseas Private Investment Corporation (OPIC) has
committed a $10 million loan to Dimagi, Inc., a Cambridge, Massachusetts
technology company that builds mobile solutions to improve the quality and
efficiency of global development programs.
The loan will support Dimagi’s expansion into Tanzania, Myanmar, and
Guatemala.
Dimagi was founded in 2002 with a mission to develop mobile solutions for
low-resource settings and underserved populations. With subsidiaries in South
Africa, India and Senegal, the company offers an open source mobile data
management platform, CommCare, to track and monitor workflow process, and supply
management in healthcare delivery. These apps enable program teams to collect
real-time data to improve decision making. More than 600 organizations including
the U.S. Agency for International Development (USAID), the National Institutes
of Health (NIH) and Catholic Relief Services (CRS) use CommCare today to support
healthcare screenings, disease management and other healthcare functions.
“OPIC is committed to incorporating advanced technology to further our
development mission,” said Ray W. Washburne, OPIC President and CEO. “This
partnership will help to advance that commitment. American business is the
source of tremendous technological innovation and has much to contribute to the
developing world.”
After expanding to more than 60 countries with the support of grant capital from
Bill & Melinda Gates Foundation, USAID, UNICEF, and others, Dimagi is now
focused on growing its base of paying CommCare product subscribers to build a
self-sustaining commercial business.
“As a benefit corporation, we must find capital partners that understand both
our impact and market-driven approach,” said Jonathan Jackson, co-founder and
CEO of Dimagi. “We are thrilled to work with OPIC as a lender who understands
both our challenges and opportunities to achieving our mission in a sustainable
commercial way.”
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