International Finance Corporation

The International Finance Corporation (IFC) is a member of The World Bank Group that focuses on fostering sustainable economic growth in developing countries through private sector investment. It provides a range of financial services, including loans, equity investments, quasi-equity products, and advisory services aimed at supporting startups and various stages of company development. IFC invests in sectors such as agribusiness, financial services, health, education, infrastructure, global manufacturing, oil and gas, telecommunications, and tourism, with a particular emphasis on projects that promote food security, digital finance, and affordable healthcare. The organization targets investments ranging from $1 million to $100 million, often seeking minority stakes but may also take a majority position in its portfolio companies. IFC aims to create jobs, generate tax revenues, and enhance corporate governance in emerging markets, thus contributing positively to local communities. Established in 1956 and headquartered in Washington, D.C., IFC operates globally with offices across various regions, focusing its efforts on financing projects that align with its mission of improving lives in developing countries.

Hyung K. Ahn

Principal Investment Officer

Irene Arias

Global Director of Financial Institutions Group and Director of Latin America and the Caribbean

Georgina Baker

Vice President, Latin America and the Caribbean, and Europe and Central Asia

Paulo de Bolle

Global Director

Peter Joseph Cashion

Head of Climate Finance FIG and CIO

Andrea Engel

Senior Country Officer, Principal Country Officer and Principal Country Manager

Rapti Goonesekere

Principal Economist

Christian Grossmann

Director for Climate Change

Mandeep Julka

Associate Investment Officer

Rana Karadsheh

Principal Investment Officer and Country Manager

Kyle Kelhofer

Country Manager for Vietnam

Alzbeta Klein

Global Industries Director and Director of Climate Business

Galina Vsevolodovna Klimenko

Principal Investment Officer of Financial Markets

Toshitake Kurosawa

Director

André Laude

CIO of Climate Finance

Mouayed Makhlouf

Regional Director of Middle East and North Africa

Paolo M. Martelli

Regional Industry Director of Latin America and the Caribbean

Atul Mehta

Senior Director of Telecom, Media and Tech, Venture Investing and Funds

Vivek Pathak

Director of East Asia and Pacific

Mary Porter Peshka

Director of Cross-cutting Advisory Services

Tomasz Telma

Senior Director of Manufacturing, Agri. and Services

Mary Beth Ward

Principal Syndications Officer and Team Leader

Tracy Washington

Principal Investment Officer for Global PE Funds and Regional and Sectoral Lead of SME Ventures Program

Al Murshed, Walid

Principal Country Officer

Past deals in Colombia

Moviired

Series A in 2017
Moviired is an agent network that provides commercial network offering the broadest portfolio of transactional services. Users both in Physical Points and with Allied MOViiRED App can find solutions like recharges to cell phone, payment of bills for public and private services or purchase of digital content such as Spotify, Xbox, Play Station, and more. The company's business models accompany allies to increase the income and make life much easier for Colombians. Moviired wa founded on 2002 and is headquartered in Bogotá, Colombia.

YellowPepper

Series C in 2015
YellowPepper is a pioneering company in Latin America specializing in mobile banking and payment solutions. Founded in 2004 and headquartered in Miami, Florida, it operates throughout several countries, including Mexico, Colombia, Ecuador, and Peru, with plans to expand into Brazil. The company develops a digital finance platform that enables banks, mobile network operators, merchants, and consumers to access a comprehensive payment ecosystem. Its offerings include a white-labeled mobile payment platform that supports various operating systems and communication protocols, such as NFC, BLE, and QR codes, facilitating cashless transactions. Additionally, YellowPepper provides an m-banking suite that helps banks adapt to the evolving needs of their clients. Backed by Visa and having received the first equity investment from the International Finance Corporation for a mobile financial company in Latin America, YellowPepper combines extensive market knowledge with advanced payment technology to enhance the purchasing experience across the region.

YellowPepper

Series C in 2013
YellowPepper is a pioneering company in Latin America specializing in mobile banking and payment solutions. Founded in 2004 and headquartered in Miami, Florida, it operates throughout several countries, including Mexico, Colombia, Ecuador, and Peru, with plans to expand into Brazil. The company develops a digital finance platform that enables banks, mobile network operators, merchants, and consumers to access a comprehensive payment ecosystem. Its offerings include a white-labeled mobile payment platform that supports various operating systems and communication protocols, such as NFC, BLE, and QR codes, facilitating cashless transactions. Additionally, YellowPepper provides an m-banking suite that helps banks adapt to the evolving needs of their clients. Backed by Visa and having received the first equity investment from the International Finance Corporation for a mobile financial company in Latin America, YellowPepper combines extensive market knowledge with advanced payment technology to enhance the purchasing experience across the region.

Accion

Venture Round in 2011
Accion is a global nonprofit organization founded in 1961 and headquartered in Cambridge, Massachusetts, focused on enhancing financial inclusion for underserved populations. The organization partners with financial service providers to deliver high-quality, affordable financial solutions that benefit individuals, small businesses, and communities. Accion's initiatives include providing advisory services, targeted coaching, and governance support for startups, particularly in the fintech sector. Through its investment initiative, Venture Lab, Accion invests in early-stage fintech startups that leverage innovative technologies and business models to improve access to financial services. Venture Lab offers both capital and strategic support, helping these startups scale their operations and enhance their impact. Accion's mission is to create a financially inclusive world by challenging industry norms and engaging with leaders and regulators to foster a more equitable financial landscape.

YellowPepper

Series B in 2010
YellowPepper is a pioneering company in Latin America specializing in mobile banking and payment solutions. Founded in 2004 and headquartered in Miami, Florida, it operates throughout several countries, including Mexico, Colombia, Ecuador, and Peru, with plans to expand into Brazil. The company develops a digital finance platform that enables banks, mobile network operators, merchants, and consumers to access a comprehensive payment ecosystem. Its offerings include a white-labeled mobile payment platform that supports various operating systems and communication protocols, such as NFC, BLE, and QR codes, facilitating cashless transactions. Additionally, YellowPepper provides an m-banking suite that helps banks adapt to the evolving needs of their clients. Backed by Visa and having received the first equity investment from the International Finance Corporation for a mobile financial company in Latin America, YellowPepper combines extensive market knowledge with advanced payment technology to enhance the purchasing experience across the region.