- Business
- ICFG Limited is an international financial services and financial technology group that provides microfinance, capital markets, enterprise software, and real estate solutions across Central Asia. Founded in 2016 in Mongolia and headquartered in Saint Peter Port, Guernsey, with primary operational offices in Ulaanbaatar, Mongolia, the company operates across five core business segments: Microfinance, Capital Markets, AI & IT, Real Estate Management, and Digital Insurance. Through its principal operating subsidiary, InvesCore NBFI JSC, and associated entities, the group provides a systematic suite of products and services, including consumer micro-loans, personal instalment credit, automotive financing, and small and medium-sized enterprise (SME) working capital facilities; green loans and agricultural micro-credit; digital banking, mobile wallet services, point-of-sale credit, and multi-institution product aggregation through its proprietary Pocket fintech marketplace mobile application; artificial intelligence-driven automated credit scoring algorithms, loan origination systems (LOS), core banking software, and Software-as-a-Service (SaaS) open application programming interfaces (APIs) for external financial institutions; automated debt recovery solutions; investment banking services comprising initial public offering (IPO) underwriting, debt and equity capital structuring, corporate bond issuance programs, asset-backed securities (ABS), and wealth management; commercial property development, real estate asset management, and property leasing; and digital micro-insurance brokerage and embedded policy distribution. ICFG Limited serves retail consumers, unbanked and underserved populations, micro-entrepreneurs, SMEs, institutional investors, and corporate clients across Mongolia, the Kyrgyz Republic, Kazakhstan, and Uzbekistan. In February 2025, the company completed a reverse takeover with Fintech Asia Limited, subsequently changing its corporate name to ICFG Limited and gaining admission to the Main Market of the London Stock Exchange under the ticker symbol ICFG. In August 2025, the group further strengthened its capitalization by securing a five-year, 20 million US dollar-equivalent local currency credit facility from FMO, the Dutch Entrepreneurial Development Bank, designated to expand inclusive micro-lending to women-led and youth-led enterprises as well as eligible green projects across its operating regions.