International Finance Corporation

International Finance Corporation (IFC), established in 1956 and headquartered in Washington, D.C., is a member of the World Bank Group dedicated to private sector development in developing countries. The organization provides a range of financial and advisory services to foster economic growth across various sectors, including agriculture, infrastructure, manufacturing, healthcare, education, and technology. IFC invests in both direct projects and funds, focusing on emerging markets and prioritizing sustainability and inclusive development. It offers a diverse array of financial instruments, such as equity, loans, and quasi-equity products, while adhering to strict investment guidelines that exclude certain industries, such as weapons, tobacco, and gambling. IFC typically invests between $1 million and $100 million, supporting projects that are predominantly privately owned in member countries. The organization does not actively manage portfolio companies but seeks to exit investments through equity sales or public listings, often maintaining equity stakes for eight to fifteen years.

Wale Ayeni

Regional Head Africa Venture Capital

Paulo De Bolle

Director, Special Situations

Ali Demirci

Global Head, Venture Capital Funds

Andi Dervishi

Chief Investment Officer and Global Head, Fintech

Imad N. Fakhoury

IFC Regional Director South Asia

Allen Forlemu

Regional Industry Director, Financial Institutions Group, Asia and Pacific

Mary Peschka

Regional Director for Eastern Africa

Search, Leila

Senior Investment Officer and Program Officer

Oumar Seydi

IFC Regional Director, Africa

Past deals in Arab Countries

Toters

Series B in 2022
Toters is a delivery service that connects customers with local retailers through its marketplace platform. The company offers a user-friendly application that allows customers to order food, groceries, and various products from neighborhood stores, facilitating a seamless shopping experience. Toters also operates dark grocery stores under the brand name Toters Fresh, enhancing its service offerings. The company has established a strong presence in its markets and maintains a leadership position across multiple verticals. Through a network of couriers, Toters ensures efficient delivery from any store within the city, allowing users to track their orders in real-time.

Brimore

Series A in 2022
Brimore is a social commerce platform that connects emerging brand owners with a network of individual distributors, enabling them to market and sell their products via social media. The platform facilitates a parallel distribution channel, allowing small local manufacturers to reach consumers directly through freelance sales agents. By leveraging data analytics, Brimore provides nationwide coverage across all twenty-seven governorates, enhancing the visibility and accessibility of emerging brands in the market. This approach supports local businesses by expanding their sales reach and fostering a community-driven sales model.

Baalbaki Chemical Industries

Debt Financing in 2021
Baalbaki Chemical Industries manufactures and distributes polyester polyols, polyurethane systems, polyurethane auxiliaries, specialty adhesives, and coatings, as well as prepolymers. Baalbaki Chemical Industries offers polyesters, bulk delivery options, and a full range of polyurethane sstems for applications such as insulation, footwear, automotive, seating, and adhesives.
Commercial International Bank (CIB), established in 1975 and headquartered in Cairo, Egypt, is a leading financial services provider that offers a wide range of banking products and services. The bank caters to both individual and corporate clients, providing services such as deposits, savings accounts, loans, private banking, and e-banking. CIB has built a strong reputation among Egypt's largest corporations, positioning itself as a preferred banking partner. In addition to retail banking, CIB offers an array of corporate banking solutions, including project finance, structured products, working capital finance, and letters of credit. With a focus on high operating standards and corporate governance, CIB has maintained its status as the most profitable commercial bank in Egypt for over four decades, while also aiming to capitalize on the growing retail and small to medium-sized enterprise (SME) banking markets.

Federal Bank

Post in 2021
Federal Bank is a private-sector commercial banking institution based in India, recognized for its commitment to sound corporate governance and the value of its human capital. The bank operates an extensive network of branches and ATMs throughout the country, offering a wide range of banking services. Its business is divided into several segments, including treasury operations, which involve trading and investments in bonds, equities, and foreign exchange; corporate banking, providing loans and services to large clients; and retail banking, catering to individual customers and small businesses. Additionally, Federal Bank enhances customer convenience through digital services such as internet banking, mobile banking, online bill payments, and cash management services.

Maxab

Series A in 2021
Maxab is a B2B e-commerce platform based in Cairo, Egypt, that connects food and grocery retailers with suppliers, focusing on underserved markets. Founded in 2018, the company aims to transform the informal grocery and food market through innovative technologies and efficient supply chain solutions tailored to the needs of local retailers. Maxab's mobile platform facilitates an e-marketplace and offers logistics services, ensuring timely and accurate distribution of goods. By enhancing access to a wide range of products and providing operational support, Maxab empowers retailers to streamline their procurement processes and improve their overall business efficiency.

SunBox

Grant in 2021
SunBox operates as a multinational corporation that provides clean energy services.

TruKKer

Series A in 2019
TruKKer is a technology-enabled truck aggregator founded in 2016 and based in Abu Dhabi, UAE. The company operates a logistics and fleet management platform that simplifies road freight and logistics operations by connecting shippers with available trucks in real-time. This integration of supply and demand enhances asset utilization, reduces transportation costs, and provides reliable cross-border services. TruKKer's cloud-based freight solutions offer comprehensive coverage and a full-service portfolio for shippers, carriers, and businesses, leveraging real-time data analytics to ensure transparency and efficiency. The company’s rapid growth has opened up opportunities for data monetization and consolidated procurement, further solidifying its position in the logistics market.

Fawaterak

Pre Seed Round in 2019
Fawaterak provides a comprehensive online invoicing platform designed to assist freelancers, micro, and small businesses in managing their payment processes efficiently. The company offers a variety of services that enable merchants to accept credit and debit card payments securely, track sales and inventory in real-time, and manage customer relationships through loyalty programs. Additionally, Fawaterak facilitates access to funding and financial services, ensuring compliance with tax and eInvoice regulations. Their solutions include payment terminals, point of sale systems, online checkout options, and mobile app administration, all aimed at streamlining operations and supporting business growth. By simplifying invoicing and payment collection, Fawaterak empowers merchants of all sizes to enhance their operational efficiency and focus on their core business activities.

Youspital

Pre Seed Round in 2019
Youspital is a developer of a digital healthcare platform that enables patients to schedule medical exams in advance. The platform streamlines and automates various processes, including customer acquisition, booking, onboarding, and payment. By enhancing these operations, Youspital allows both patients and hospitals to improve efficiency and reduce treatment costs, ultimately contributing to better healthcare delivery.

Netsahem

Pre Seed Round in 2019
Netsahem operates a digital fundraising platform that facilitates electronic donations to non-profit organizations. By offering a variety of innovative e-payment methods, Netsahem enables NGOs, particularly those that operate offline, to expand their reach and increase fundraising efforts. The platform is designed to support charitable initiatives across the Egypt region, helping organizations raise essential funds to assist those in need.

El Zatona

Pre Seed Round in 2019
El Zatona is a cloud-based retail management system that assists merchants in managing their businesses and enhancing profitability. The platform offers a range of features, including stock management, sales tracking, and purchase monitoring, all designed to automate and streamline retail operations. With its emphasis on integrating offline and online sales channels, El Zatona facilitates efficient and synchronized stock management. Additionally, the company provides ongoing technical support to ensure that clients can effectively leverage its tools to improve overall business efficiency and gain valuable insights into their operations.

Neqabty

Seed Round in 2019
Neqabty operates a mobile application that connects organizations with their members, primarily in the healthcare sector. The platform facilitates various services, including the payment of medical costs, prescriptions, and renewals. Additionally, it enables users to book events and trips, streamlining access to essential medical applications and services. By digitalizing interactions within the healthcare landscape, Neqabty aims to enhance the overall experience for both organizations and their members.

TruKKer

Venture Round in 2019
TruKKer is a technology-enabled truck aggregator founded in 2016 and based in Abu Dhabi, UAE. The company operates a logistics and fleet management platform that simplifies road freight and logistics operations by connecting shippers with available trucks in real-time. This integration of supply and demand enhances asset utilization, reduces transportation costs, and provides reliable cross-border services. TruKKer's cloud-based freight solutions offer comprehensive coverage and a full-service portfolio for shippers, carriers, and businesses, leveraging real-time data analytics to ensure transparency and efficiency. The company’s rapid growth has opened up opportunities for data monetization and consolidated procurement, further solidifying its position in the logistics market.

Yellow Door Energy

Series A in 2019
Yellow Door Energy is a sustainable solar energy company based in Dubai, United Arab Emirates, with an additional location in Amman, Jordan. Founded in 2015, the company specializes in providing solar energy solutions for commercial and industrial customers throughout the Middle East and Africa. Yellow Door Energy handles all aspects of solar plant development, including financing, design, construction, operation, and maintenance. Clients benefit from a solar leasing model, allowing them to pay a monthly bill based on their solar energy usage, which enables them to focus on their core business while utilizing renewable energy. With a goal to develop over 1 GW of distributed solar and energy solutions, Yellow Door Energy emphasizes its commitment to sustainability and the promotion of renewable energy in the region.

Vezeeta

Series C in 2018
Vezeeta is a digital healthcare platform based in Heliopolis, Egypt, that connects patients with healthcare providers across the Middle East and Africa, including Egypt, Saudi Arabia, Jordan, and Lebanon. Founded in 2011, the platform allows patients to search, compare, book, and review doctors, leveraging more than 200,000 verified reviews to enhance the decision-making process. Vezeeta offers a user-friendly experience, enabling patients to schedule appointments for in-clinic, virtual, or at-home consultations in as little as one minute. In addition to patient services, the company provides innovative software solutions for healthcare providers, facilitating clinic management and improving overall healthcare experiences. With features like live scheduling, automated appointment reminders, and comprehensive information on healthcare providers, Vezeeta aims to empower patients and enhance access to quality healthcare in the region.

Apex International Energy

Private Equity Round in 2018
Apex International Energy Management LLC is an independent oil and gas exploration and production company based in Houston, Texas, with an additional office in Cairo, Egypt. Founded in 2016, the company focuses on upstream growth opportunities in Egypt and the broader Middle East and North Africa region. Apex engages in asset acquisitions and capital investments aimed at enhancing drilling and production capabilities, thereby fostering long-term growth in reserves and production. The company operates in the prolific Western Desert of Egypt, where it conducts exploration activities on concessions covering approximately 1.7 million acres under production sharing agreements. With a leadership team experienced in building profitable oil and gas operations, Apex is actively pursuing various opportunities, including producing assets, new developments, and exploration through license rounds and direct awards from host governments.

MSPharma

Venture Round in 2017
MS Pharma is a leading pharmaceutical, healthcare solutions provider and partner of choice company that is manufacturing and marketing generic medicines through its leading affiliates in several strategic markets across the MENA region.

Network International

Venture Round in 2017
Network International is a prominent provider of payment solutions in the Middle East and Africa, catering to a diverse range of clients, including banks, financial institutions, and retailers. Established in 1994, the company offers a comprehensive suite of technology-enabled services, including credit and debit card processing, ATM management, and merchant acquiring. Network International is recognized for its innovative approach and has achieved significant milestones, such as being a principal member of both Visa and MasterCard in the UAE, which underscores its credibility in the payment solutions sector. The company focuses on facilitating secure, fast, and efficient payment transactions, while also offering consultancy services to assist clients in designing and implementing new card products. As Network International continues to evolve, it remains committed to delivering solutions that enhance customer revenue and profitability.

Flat6labs

Seed Round in 2016
Flat6Labs is a prominent seed and early-stage venture capital firm based in Cairo, Egypt, and has established itself as a leading player in the MENA region's startup ecosystem since its founding in 2011. The firm manages various seed funds with total assets under management exceeding $85 million, investing annually in over 100 innovative and technology-driven startups. Flat6Labs provides financial support through investment sizes ranging from $50,000 to $500,000, targeting startups from Pre-Seed to Pre-Series A stages. In addition to funding, it offers comprehensive startup programs tailored to the unique needs of entrepreneurs, facilitating their growth through a wide array of support services and access to an extensive network of business mentors, investors, and corporate partners. With offices in multiple cities, including Abu Dhabi, Amman, Beirut, Jeddah, Manama, and Tunis, Flat6Labs aims to expand further into emerging markets while fostering a thriving technology ecosystem in Saudi Arabia and beyond.

Lekela Power

Private Equity Round in 2016
It will deliver utility scale wind and solar projects into commercial operation in Africa over the next five years. Energy is critical to the African continent’s continued growth and Lekela is positioned to provide secure, reliable and competitive renewable energy to consumers such as government, utilities and large-scale industrial consumers.

PSL

Post in 2006
PSL Limited, established in 1987 and headquartered in Mumbai, India, specializes in manufacturing and supplying anti-corrosive coated steel pipes. The company is the largest producer of HSAW pipes in India, serving various sectors including oil, gas, water transmission, and construction. Its product offerings include spiral weld pipes and a range of pipe coating services such as polyethylene and fusion-bonded epoxy. PSL also provides turnkey project services encompassing pipe mill operations, coating activities, and structural steel building manufacture. The company is actively involved in the export of its products and has secured significant international orders, reflecting its global presence. Additionally, PSL's advanced production facilities, supported by technical collaborations with leading European consultancies, ensure high-quality output and timely project delivery.
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