Crystal is pleased to announce the successful acquisition of a USD 4 million subordinated loan from Triple Jump, a valued long-standing partner, following the company’s recent designation as a microbank by the National Bank of Georgia on February 12, 2025. This transition to microbank status marks a significant milestone for Crystal as it continues to serve the financial market effectively.
With this new funding, Crystal aims to strengthen its capital position, enabling the organization to enhance access to financial services for micro, small, and medium-sized enterprises (MSMEs) throughout Georgia. The partnership with Triple Jump is instrumental in mobilizing essential financial resources to support local entrepreneurs and bolster business growth.
“We are proud to continue our long-standing partnership with Crystal through this subordinated loan, which supports the company’s transformation into a microbank and reinforces its capital structure,” said Tatia Jajanashvili, Investment Officer at Triple Jump. “This investment reflects our commitment to strengthening responsible financial institutions that drive inclusive economic growth in Georgia.”
“We are delighted to have successfully closed another transaction with Triple Jump,” stated Ilia Revia, Chief Executive Officer of Crystal: “Crystal’s recent track record demonstrates exceptional financial performance, profitability, and growth. This subordinated loan will not only facilitate our continued expansion but will also empower us to provide tailored financial services that meet the evolving needs of MSMEs, thereby increasing their access to capital.”
Since the inception of the partnership in 2016, Crystal and Triple Jump have successfully executed 15 transactions, underscoring a robust collaborative effort to promote sustainable business development in Georgia. In 2024, Crystal raised an impressive USD 90 million from both local and international partners, with nearly USD 40 million secured in the first quarter of 2025 alone.
About Microbank Crystal
Founded in Georgia, Crystal is recognized as one of the country’s leading financial institutions, known for its sustained growth and robust reputation. On February 12, 2025, the company officially received its microbanking license from the National Bank of Georgia. With 27 years of experience, a loan portfolio of over 566 million GEL, a team of more than 1,000 employees across 48 branches, and a client base exceeding 100,000 individuals nationwide, Crystal continues to be a key player in Georgia’s financial landscape. The company maintains strategic partnerships with major international and local financial institutions.
For more information, please visit: https://ir.crystal.ge/
About Triple Jump:
Triple Jump is a Dutch impact-focused investment manager with local presence in Lima, Mexico City, Nairobi, Tbilisi and Bangkok. We provide meaningful investment opportunities in emerging markets, contributing to a more responsible and inclusive financial sector which, in turn, can help solve some of the biggest challenges of our time. With over USD $1 billion in Assets Under Management, funds managed and advised by Triple Jump provide financing across development themes such as financial inclusion, affordable housing, missing middle finance (SMEs), and climate and nature.
For more information, please visit: https://triplejump.eu/