Financial inclusion-focused impact fund manager Goodwell Investments has made a follow-on investment in Musoni Services, a Netherlands-based provider of cloud-based core-banking software. Musoni’s technology is used by 90 microfinance institutions across 13 countries in Africa and Asia. Goodwell, which originally backed the company in 2015, invested through Goodwell Microfinance Development Company III. Financial details of the transaction were not disclosed.