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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