Gray Matters Capital

Gray Matters Capital is an impact investment firm that operates in the global south, with a focus on creating social impact alongside financial returns. With a history of success in microfinance and education finance, the organization now aims to help women gain the skills and tools they need to find meaningful employment.

The organization has been active for more than 20 years and has been instrumental in developing business models that can be scaled across markets. Their approach involves investing in early-stage entrepreneurs, seeding new ventures, exploring innovative financing models, and collaborating with partners.

Gray Matters Capital has supported more than 78 enterprises, making a positive impact on the lives of over 38 million low-resourced women and girls by providing access to education, skills training, economic opportunities, and improved well-being.



Market(s) Active

Bangladesh, India, Pakistan

Social causes


Support provided


Convertible Debt, Debt, Equity

The team at Gray Matters Capital

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