Finance is an essential ingredient for inclusive, sustainable and resilient economic growth.

It is with great pleasure that we present the results of our collaboration with the Overseas Development Institute (ODI) to formulate our Theory of Change and development-impact philosophy.

Cardano Development has evolved rapidly in recent years, from housing a single innovative development finance platform, The Currency Exchange Fund (TCX), to become a thriving innovation hub with a number of successful and highly diverse businesses, as well as a very active incubation platform for start-ups.

Some of these start-ups have already evolved into scaled-up market leaders, while others are still in the nascent phase. Cardano Development has become a versatile, multi-business incubation platform for financial innovation that increases, deepens and improves investment in developing countries. As our activities have grown, we have felt compelled to more clearly set out our business philosophy.

So, what are the current challenges in local financial markets? Find out more in our animation and read our Theory of Change document.