We are pleased to announce, as part of the next phase of growth and expansion for VisionFund Ukraine, that Small Enterprise Assistance Funds (SEAF), will be providing significant new capital to increase VF Ukraine’s impact on the SME sector in Ukraine. VisionFund International as the founder will increase its financial commitment and will retain a minority share as SEAF provides additional investment to continue to scale the operation.
VisionFund Ukraine’s CEO, Wesley Jordan, said: ‘We are delighted by this new foreign investment in Ukraine to finance and empower small businesses. We look forward to working with an impact investor like SEAF to grow our operations and support economic recovery. This is a good example of blended financing where philanthropic capital can unlock private equity to scale impact.’
Paul Sheehan, Chief Executive of SEAF commented: ‘We focus on providing growth capital, capacity building and operational support to small and medium enterprises and we are excited to begin a new phase of operation with VisionFund Ukraine to leverage the investment made and expand the much needed work that has started to support SMEs at this time.’
About SEAF
Small Enterprise Assistance Funds (SEAF), is a not-for-profit global impact investment firm based in Washington, D.C., focused on Small and Medium-sized Enterprise (SME) financing in emerging markets, currently working in 33 countries across Eastern Europe, Latin America, Asia and Africa. It was founded in 1989 as the private equity investment subsidiary of CARE International and evolved into an independent organization. In 2025, SEAF acquired MicroVest, which lends private debt to microfinance and small business institutions globally.
About VisionFund Ukraine
VisionFund Ukraine was licensed in late 2024 as a Non-Banking Financial Institution to address the unmet financing need of micro and small enterprises (MSMEs) affected by the ongoing conflict. Offering accessible, affordable loans and financial literacy training to support business development and economic recovery.
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