CIM Financial Services Ltd (Cim Group) is a financial services group listed on the Official Market of the Stock Exchange, regulated by the Financial Services Commission and headquartered in Mauritius. Cim Group operates across two major clusters namely: Finance cluster and Investment cluster.
The Group has over 750 employees across Mauritius and Rodrigues.
Cim Finance has been offering financial solutions to consumers, SMEs and large corporates since 1987 and currently has over 750 employees with close to 100 retail points-of-sale across Mauritius. Cim Finance’s main segment of activities are Consumer Finance, Cards & Payments, Leasing, insurance and Factoring.
The Consumer Finance activities started in Mauritius in 1987 with hire purchase (HP) financing and personal loans in 2015. With our strengthened business and improved capabilities, we are moving more and more towards the digitalisation of our processes.
Cim Finance uses Experian developed application and behavioural developed scorecards to credit score customers and offers customer credit protection insurance on their credit facilities.
Cards & Payments
Cim Finance offers acquiring and issuing services for Visa, MasterCard and Union Pay. Cim Finance is the first non-banking financial institution in Sub-Saharan Africa to be a principal member of Visa, MasterCard and Union Pay.
Cim Finance was a pioneer in the Mauritius leasing industry with the launch of leasing activities in 1996 to finance vehicles and equipment. Cim Finance offers finance and operating leases to individuals, entrepreneurs, SMEs and large corporates.
Cim Finance launched its Factoring business in 2004 offering recourse Factoring to its domestic customers and started nonrecourse Factoring in 2006. Cim Finance launched International Factoring in 2019. Our specialized, professional and dynamic team has more than 10 years of experience in the factoring industry.
The Group has a significant stake in iVeri Payment Technologies, a pan-African electronic payment solutions provider based in Johannesburg. The company has been developing electronic payment technology since 1998 for a range of African based banks.
The Group has also recently set up a hire purchase business in Kenya under the name of Cim Credit Kenya. The company has deployed a fin-tech enabled business model leveraging on Kenya’s unique mobile digital eco system and high consumer awareness of mobile phone app-based lending platforms.