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 Latin America

Produbanco - Grupo Promerica

Debt Financing in 2023
Produbanco - Grupo Promerica is Offer financial services and products that respond to the local needs of our clients, in a dynamic, accessible and close way, based on a relationship of mutual trust.

Nubank

Post in 2023
Nubank is a prominent digital bank revolutionizing finance with its customer-centric approach. It provides a variety of services, including credit cards, personal loans, and digital payments, all accessible through a simple mobile app. Known for transparency, ease of use, and low fees, Nubank aims to empower users with innovative solutions for better financial management.

Banco Agricola

Debt Financing in 2022
Banco Agricola is a financial services provider that provides digital channels, products, and services. It aspires to be an organization committed to excellence that meets customers' financial needs with comprehensive and innovative solutions. Banco Agrcola was founded as the country's first banking institution on March 24, this year, under the name Banco Agrcola Comercial.

Telecom Argentina

Post in 2022
Telecom Argentina S.A. is the mother company of a leading telecommunications group that is engaged in providing fixed-line public telecommunication services, mobile voice and data services, international long-distance services, data transmission and Internet in Argentina. In addition, it owns a wireless operation in Paraguay. The Company's subsidiaries include Telecom Personal, Telecom Argentina USA Inc., Micro Sistemas, and Nucleo S.A. (in Paraguay).

Coelba

Post in 2022
Coelba is an energy distribution company.

Usina Santa Adélia

Debt Financing in 2022
Usina Santa Adélia Produces agro-industrial food and energy from renewable sources, with strict quality and sustainability standards.

Qive

Series B in 2021
Arquivei is a web application that monitors NFes issued for CNPJ, automatically downloads the XML and PDF files, and stores them in the cloud. It works by reading digital certificates and does not require any software installations on the machines. Its panel allows users to view, print, search, and filter by period, supplier, and various other criteria for NFE, NFSe, and ES cells. Arquivei for businesses connects to the Department of Finance, automatically downloads NFes issued for the CNPJ of companies, and stores them in XML and DANFE on Note Management Panel; keeps all invoices before the product arrives; and offers reports, filters, and intelligent search for any content of the notes. It offers accountants with the Panel access to invoices of clients who are in Arquivei; enables them to monitor and centralize tax documents such as NFes, STCs, and NFSes Ginfes on Note Management Panel; and offers filters and intelligent search on any content of the notes. Arquivei is operated from São Carlos, Brazil.

Konfio

Series E in 2021
Konfio is a financial services platform for small and medium businesses in Mexico that offers corporate credit cards, working capital loans, and payment solutions. Founded in 2013, Konfio's mission is to boost SME growth and productivity in Mexico.

Sekura

Private Equity Round in 2021
Sekura is one of the top Mexican insurance, sureties, and affinity brokers, with over 60 years of experience. Working alongside over 550 corporate clients, it provides service to more than 2 million customers every year through groundbreaking programs and insurtech platforms.

Klar

Series B in 2021
Klar is a digital and free technological platform that offers deposit and credit services for customers. The company provides instant credit and no commission cashback and withdrawal services via a card and mobile application, enabling customers to avail themselves of secure, low-cost alternatives to traditional credit and debt services.

OCP Group

Debt Financing in 2021
OCP Group is a leading producer and processor of phosphate rock, phosphoric acid, and phosphate-based fertilizers based in Morocco. The company utilizes its exclusive access to the world's largest phosphate rock reserves to develop sustainable products that enhance agricultural productivity. OCP Group offers a range of customized plant nutrition solutions, including raw materials, standard fertilizers, fortified fertilizers, water-soluble fertilizers, and animal feed additives. By focusing on sustainable practices, the company aims to contribute to healthy food production and ensure food security for the future, supporting farmers in achieving higher yields and increased income.

Solfácil

Series B in 2021
Solfácil is a unique ecosystem for solar installers, enabling their business through financial services, equipment sourcing and technology

Konfio

Series E in 2021
Konfio is a financial services platform for small and medium businesses in Mexico that offers corporate credit cards, working capital loans, and payment solutions. Founded in 2013, Konfio's mission is to boost SME growth and productivity in Mexico.

Bolt

Convertible Note in 2021
Bolt Technology OÜ is a transportation platform based in Tallinn, Estonia, that provides ride-hailing, micromobility, and food delivery services. Founded in 2013, Bolt operates a smartphone application that allows users to book taxis directly, selecting options based on price and quality ratings, while also tracking the driver's arrival in real time. The platform aims to enhance urban mobility by offering a reliable and accessible alternative to traditional transportation methods, contributing to reduced traffic congestion and pollution in cities. With over 50 million customers across more than 40 countries, Bolt is recognized as one of the fastest-growing startups globally, striving to create a future with less reliance on car ownership.

Contabilizei

Series C in 2021
Contabilizei is an online accounting service that caters to small and micro enterprises, providing a cost-effective solution to traditional accounting practices. Founded in January 2014 by Fábio Bacarin and Vitor Torres, the company is headquartered in Curitiba, Brazil. Its platform automates tax reporting and accounting processes, allowing businesses to manage their financial activities more efficiently. By leveraging proprietary technology, Contabilizei aims to simplify accounting for small and medium-sized businesses, thereby enhancing their operational capabilities and contributing positively to their growth.

Klar

Series A in 2020
Klar is a digital and free technological platform that offers deposit and credit services for customers. The company provides instant credit and no commission cashback and withdrawal services via a card and mobile application, enabling customers to avail themselves of secure, low-cost alternatives to traditional credit and debt services.

Crehana

Series A in 2020
Crehana is an online training platform for creative and digital professionals in Latam and Spain. With more than 500 courses from Design to Coding, they redefining education through affordable and project-based learning. The platform also offers online courses in Design, Illustration, Photography, and Audiovisuals. Their mission is to make everyone's professional dream possible through online education. Crehana was founded on April 7, 2015, and is based in Lima, Peru.

tembici.

Series B in 2020
Tembici is the leading micro-mobility player in Latin America, providing first and last mile transportation solutions do daily commuters.

LD Celulose

Debt Financing in 2019
LD Celulose is a major dissolving wood pulp manufacturer that is a joint venture between two Austrian and Brazilian companies, Lenzing and Dexco. The facility, located in the Triângulo Mineiro region between the municipalities of Indianópolis and Araguari, is one of the largest of its kind in the world. It has the capacity to produce up to 500,000 tons of dissolving wood pulp per year while also generating 144 MW of clean energy. The textile industry uses the company's distinct pulp fibers to create advanced, eco-friendly, and cutting-edge fabrics.

Afluenta

Series C in 2019
Afluenta S.A., founded in 2008 and headquartered in Buenos Aires, Argentina, operates a peer-to-peer lending platform that connects borrowers and investors across Latin America. As the first marketplace lending company in the region, Afluenta facilitates loans for consumers and small to medium-sized enterprises, enabling borrowers to access more favorable rates than those offered by traditional financial institutions. Investors benefit from competitive yields on their funds, with net yields exceeding 20% in recent years. The company has expanded its operations to Argentina, Mexico, and Peru, with plans for further growth in Colombia and Brazil. Afluenta's automated platform streamlines the lending process, encompassing credit assessment, risk scoring, loan servicing, and a secondary market for trading loans, thereby enhancing liquidity for investors.

Contabilizei

Series B in 2019
Contabilizei is an online accounting service that caters to small and micro enterprises, providing a cost-effective solution to traditional accounting practices. Founded in January 2014 by Fábio Bacarin and Vitor Torres, the company is headquartered in Curitiba, Brazil. Its platform automates tax reporting and accounting processes, allowing businesses to manage their financial activities more efficiently. By leveraging proprietary technology, Contabilizei aims to simplify accounting for small and medium-sized businesses, thereby enhancing their operational capabilities and contributing positively to their growth.

Liftit

Series A in 2018
Liftit is a B2B logistics company that connects providers of cargo transportation services with companies or people who need this service. It is a marketplace that connects shippers who need to deliver home goods, electronics, construction materials, and anything that fits into a truck with independent truck drivers who can fulfill those needs. The company's platform is intended to use technological innovation to connect, optimize, measure analyze, and solve problems in the logistics industry. Founded in 2017, Liftit is headquartered in Bogotá, Colombia.

Clinicas del Azucar

Venture Round in 2018
Clinicas del Azucar is a revolutionary chain of low-cost "one-stop" shops for diabetes care in Mexico, introducing innovative evidence-based algorithms, low-cost diagnostics and sophisticated payment structures to reduce the cost of care from one thousand to only two hundred dollars. They also provide diabetes prevention and treatment services and products. Clinicas del Azucar targets the 12 million low and middle-income people with diabetes in Mexico. They provide convenient, specialized and low-cost diabetes care. They reduce the time and cost of care by 70%.

Konfio

Debt Financing in 2018
Konfio is a financial services platform for small and medium businesses in Mexico that offers corporate credit cards, working capital loans, and payment solutions. Founded in 2013, Konfio's mission is to boost SME growth and productivity in Mexico.

Konfio

Series C in 2018
Konfio is a financial services platform for small and medium businesses in Mexico that offers corporate credit cards, working capital loans, and payment solutions. Founded in 2013, Konfio's mission is to boost SME growth and productivity in Mexico.

Mandaê

Series B in 2018
Mandaê joins logistics and technology to innovate the delivery industry with a fluid and uncomplicated service. Think "UPS without the trucks": Mandaê is reinventing parcel logistics through a digital platform that organizes the entirety of the parcel supply chain to deliver a seamless, high-quality and efficient parcel shipment service for SMBs in Brazil. The company's model is asset-light, working with players across each of the principal steps of the parcel supply chain: pickups, cross-docking, and last-mile transport. In a country where the national postal service is effectively the only shipping option for SMBs, Mandaê’s platform is the only one that allows them to use private transporters, helping SMBs save up to 35% on their shipping costs. Its mission is to “Connect Stories” through logistics. The company is well funded with backing from some of Latin America’s top investors, including Monashees, Qualcomm Ventures, Performa, Valor Capital, Hans Hickler (former CEO of DHL Express-USA) and others. Mandaê was selected to the 2015 Endeavor Startup Network, was winner of the ABComm Innovation in E-commerce Logistics Award in 2017, and winner of the São Paulo “Smart Cities” category of the 1776 Challenge Cup.

Koin

Series A in 2018
Koin is a pioneer in the Buy Now, Pay Later (BNPL) sector in Latin America, providing a streamlined and secure payment solution without bureaucratic hurdles. The company is expanding its offerings to include financial solutions for both business-to-business (B2B) and business-to-consumer (B2C) markets, with recent operations extending into Mexico. In addition to BNPL, Koin facilitates payments through Pix and has implemented a robust anti-fraud solution. Its mission is to enhance the shopping experience and democratize access to consumption for individuals while delivering value-added services to corporate clients. Koin was acquired in 2020 by Despegar, which is recognized as the largest travel company in the region.

Creditas

Series C in 2017
Creditas is a financial technology company that operates a digital platform that offers secured consumer loans. It uses credit scoring systems and borrowers’ assets, such as homes and automobiles as collateral to offer loans. Sergio Furio founded BankFacil in 2012 that later became Creditas. It has its headquarters in São Paulo in Brazil.

Guiabolso

Series D in 2017
Guiabolso is the fintech transforming the Brazilian financial system by pioneering Open Banking, to bring the benefits of open data access and analytics to millions of consumers and a fast-growing number of corporate customers. Launched in 2014, the Guiabolso app has a huge amount of granular financial data about its 6M users, powering consumer solutions of consolidated financial management, an in-app curated product marketplace and instant payment capabilities, while providing product partners access to unique segmenting and scoring capabilities. In addition, Guiabolso is the only company in Brazil with a fully launched and calibrated end-to-end Open Banking solution for B2B clients, going beyond just bank account data aggregation to offer modular value-add solutions such as advanced analytics, a white-label marketplace, and personal financial management features. The company was founded by Thiago Alvarez and Benjamin Gleason, two friends who met at McKinsey and aspired to use innovative technology and a focus on consumer impact to improve the lives of Brazilians and transform the financial system.

Konfio

Series B in 2017
Konfio is a financial services platform for small and medium businesses in Mexico that offers corporate credit cards, working capital loans, and payment solutions. Founded in 2013, Konfio's mission is to boost SME growth and productivity in Mexico.

ComparaOnline

Series C in 2017
ComparaOnline is a price comparison platform allowing customers to make an informed decision when purchasing complex financial products, while optimizing customer acquisition for financial companies. It is designed for insurance and financial products. ComparaOnline also has experience in sales execution, saving customer`s time, and improving the user experience. It partners with banks and insurance providers. ComparaOnline was launched in 2009 by Sebastian Valin and is based in Santiago.

MoviiRed

Series A in 2017
MoviiRed is an agent network based in Bogotá, Colombia, established in 2002. It provides a wide range of transactional services through both physical points and the Allied MOViiRED App. The network facilitates mobile phone top-ups, payment of public and private service bills, and the purchase of digital content such as subscriptions for Spotify and gaming platforms like Xbox and PlayStation. Additionally, MoviiRed offers financial services as a banking correspondent for major financial institutions, aiding small businesses in optimizing their revenue generation. The company's business model is designed to enhance convenience for Colombians while supporting their partners in increasing income.

Afluenta

Series B in 2017
Afluenta S.A., founded in 2008 and headquartered in Buenos Aires, Argentina, operates a peer-to-peer lending platform that connects borrowers and investors across Latin America. As the first marketplace lending company in the region, Afluenta facilitates loans for consumers and small to medium-sized enterprises, enabling borrowers to access more favorable rates than those offered by traditional financial institutions. Investors benefit from competitive yields on their funds, with net yields exceeding 20% in recent years. The company has expanded its operations to Argentina, Mexico, and Peru, with plans for further growth in Colombia and Brazil. Afluenta's automated platform streamlines the lending process, encompassing credit assessment, risk scoring, loan servicing, and a secondary market for trading loans, thereby enhancing liquidity for investors.

Moni

Venture Round in 2017
Moni is a microloans platform based in Buenos Aires, Argentina, founded in September 2013 by Alejandro Estrada and Juan Pablo Bruzzo. The platform allows users to apply for cash advances online, facilitating immediate financial assistance without the need for extensive paperwork or formalities. In addition to providing loans, Moni also enables customers to pay for telecom and utility bills through its mobile application, thereby streamlining access to essential financial services.

Orazul Energy Partners

Private Equity Round in 2017
Orazul Energy Partners is an energy business with thermal, hydroelectric, transmission lines and natural gas facilities, Orazul Energy is headquartered in Houston, Texas and has operations throughout Latin America.

Creditas

Series B in 2017
Creditas is a financial technology company that operates a digital platform that offers secured consumer loans. It uses credit scoring systems and borrowers’ assets, such as homes and automobiles as collateral to offer loans. Sergio Furio founded BankFacil in 2012 that later became Creditas. It has its headquarters in São Paulo in Brazil.

Loggi

Series C in 2017
Loggi is connecting Brazil, using technology to reinvent logistics with a fast, cost-efficient, and reliable network. It serves major e-commerce players, SMBs and individuals on their shipping needs. Loggi is unlocking the growth of the on-demand economy, supporting new commerce for Brazil’s large, young, urban population. The company was founded in 2013 and is based in São Paulo, Brazil.

Airtm

Seed Round in 2017
Airtm is an e-wallet connected to over 300 bank and e-money systems via a peer-to-peer network and direct bank connections. Users hold their money as dollars or cryptocurrency, and can send and receive funds domestically and internationally. Airtm was founded in 2015 with the goal of leveraging digital money to help people in the developing world suffering from currency devaluation preserve their wealth and free their money from disconnected money networks. Headquartered in Mexico City and San Francisco, Airtm is a US-registered money service business.

Grupo Los Grobo

Private Equity Round in 2016
Grupo Los Grobo is a leading agribusiness and investment company both in Brazil and the whole of Latin America in terms of the production and commercialization of agricultural commodities. They offer a broad, integrated and diversified business platform that covers agricultural land development, services that go from input provision to technical and financial assistance for small producers, as well as our own farming activities, wheat processing and commodities industrialization.

Remitly

Series C in 2016
Remitly is a mobile payment service that enables consumers to conveniently make person-to-person international money transfers from the United States. Its online service is disrupting the $588 billion a year industry by using the latest technology and mobile devices to eliminate unnecessary forms, codes, agents, extra time, and fees tied to the traditional money transfer process. As a licensed money transmitter, Remitly currently operates in 49 states and Washington, D.C., and spends millions of dollars to thousands of customers each month. Remitly is backed by Stripes Group, DFJ, Vulcan Capital, QED, Trilogy Equity Partners, DN Capital, Founders Co-Op, Bezos Expeditions, and TomorrowVentures.

Guiabolso

Series C in 2016
Guiabolso is the fintech transforming the Brazilian financial system by pioneering Open Banking, to bring the benefits of open data access and analytics to millions of consumers and a fast-growing number of corporate customers. Launched in 2014, the Guiabolso app has a huge amount of granular financial data about its 6M users, powering consumer solutions of consolidated financial management, an in-app curated product marketplace and instant payment capabilities, while providing product partners access to unique segmenting and scoring capabilities. In addition, Guiabolso is the only company in Brazil with a fully launched and calibrated end-to-end Open Banking solution for B2B clients, going beyond just bank account data aggregation to offer modular value-add solutions such as advanced analytics, a white-label marketplace, and personal financial management features. The company was founded by Thiago Alvarez and Benjamin Gleason, two friends who met at McKinsey and aspired to use innovative technology and a focus on consumer impact to improve the lives of Brazilians and transform the financial system.

Guiabolso

Series B in 2016
Guiabolso is the fintech transforming the Brazilian financial system by pioneering Open Banking, to bring the benefits of open data access and analytics to millions of consumers and a fast-growing number of corporate customers. Launched in 2014, the Guiabolso app has a huge amount of granular financial data about its 6M users, powering consumer solutions of consolidated financial management, an in-app curated product marketplace and instant payment capabilities, while providing product partners access to unique segmenting and scoring capabilities. In addition, Guiabolso is the only company in Brazil with a fully launched and calibrated end-to-end Open Banking solution for B2B clients, going beyond just bank account data aggregation to offer modular value-add solutions such as advanced analytics, a white-label marketplace, and personal financial management features. The company was founded by Thiago Alvarez and Benjamin Gleason, two friends who met at McKinsey and aspired to use innovative technology and a focus on consumer impact to improve the lives of Brazilians and transform the financial system.

Citla Energy

Private Equity Round in 2016
Citla Energy is a Mexican independent exploration and production company headquartered in Mexico City, with additional offices in Houston. The company actively engages in the development of the Mexico oil and gas sector, focusing on acquiring and building a diverse portfolio of selected onshore and offshore assets. Citla operates both independently and in collaboration with other industry participants to enhance its exploration and production capabilities.

Afluenta

Series B in 2016
Afluenta S.A., founded in 2008 and headquartered in Buenos Aires, Argentina, operates a peer-to-peer lending platform that connects borrowers and investors across Latin America. As the first marketplace lending company in the region, Afluenta facilitates loans for consumers and small to medium-sized enterprises, enabling borrowers to access more favorable rates than those offered by traditional financial institutions. Investors benefit from competitive yields on their funds, with net yields exceeding 20% in recent years. The company has expanded its operations to Argentina, Mexico, and Peru, with plans for further growth in Colombia and Brazil. Afluenta's automated platform streamlines the lending process, encompassing credit assessment, risk scoring, loan servicing, and a secondary market for trading loans, thereby enhancing liquidity for investors.

InvoiNet

Venture Round in 2015
InvoiNet operates an online platform that connects financial suppliers and customers so that they send, receive, manage, and finance their invoices. Tomas Lanzilotta founded it in 2008, with its headquarters in Buenos Aires in Argentina.

Affero Lab

Private Equity Round in 2015
Affero Lab is the result of a merger of Brazilian companies in Corporate Education, Affero and LAB SSJ. Affero has a unique portfolio and dozens of successful cases of technology solutions geared toward learning while LAB SSJ is recognized for its classroom-based and blended solutions, which link training to results. Both companies have an amazing team, full of competent people who are passionate about what they do and eager to innovate and continue learning. Affero Lab aims to partner with clients to transform their educational programs and generate business results based on innovative, intuitive, and engaging learning.

YellowPepper

Series C in 2015
YellowPepper is Latin America’s pioneer in mobile banking and payment solutions. Founded in 2004, the growing company provides services in Mexico, Colombia, Ecuador, Peru, and soon Brazil employing the best and brightest in the tech space with more than 60 team members throughout its regional footprint. YellowPepper brings innovative payment solutions to dynamic countries across the hemisphere. The company is backed by Visa and is also the recipient of the IFC (World Bank) first equity investment for a Latin America mobile financial company, merging unmatched market knowledge with the latest in payments technology. For more information, please visit www.yellowpepper.com.

Scanntech

Series B in 2014
Scanntech provides point-of-sale software to retail stores. The company offers tech solutions and connectivity in sales points to enables independent supermarkets to process transactions, run inventory management, and provide financial services to consumers through intelligence point of sale software. Scanntech was founded in 1992 and is based in Montevideo, Uruguay.

Dafiti

Funding Round in 2014
Dafiti is an e-commerce website created to promote footwear, fashion, and lifestyle for both men and women. Dafiti has more than 1000 national and international brands and more than 100,000 products available in its catalog. It is backed by Rocket Internet group and has the support of partners such as JP Morgan, World Bank, and more. Dafiti was launched in 2010 by [David Geisen](https://www.crunchbase.com/person/david-geisen), [Andre Beisert](https://www.crunchbase.com/person/andre-beisert), [Malte Horeyseck](https://www.crunchbase.com/person/malte-horeyseck), [Malte Huffmann](https://www.crunchbase.com/person/malte-huffmann), [Philipp Povel](https://www.crunchbase.com/person/philipp-p-m-povel), and [Thibaud Lecuyer](https://www.crunchbase.com/person/thibaud-lecuyer). It is based in São Paulo, Brazil.

YellowPepper

Series C in 2013
YellowPepper is Latin America’s pioneer in mobile banking and payment solutions. Founded in 2004, the growing company provides services in Mexico, Colombia, Ecuador, Peru, and soon Brazil employing the best and brightest in the tech space with more than 60 team members throughout its regional footprint. YellowPepper brings innovative payment solutions to dynamic countries across the hemisphere. The company is backed by Visa and is also the recipient of the IFC (World Bank) first equity investment for a Latin America mobile financial company, merging unmatched market knowledge with the latest in payments technology. For more information, please visit www.yellowpepper.com.

Accion

Venture Round in 2011
Accion is a global nonprofit organization headquartered in Cambridge, Massachusetts, dedicated to enhancing financial inclusion for underserved populations. Established in 1961, Accion focuses on facilitating access to financial tools that empower individuals, small businesses, and communities to thrive. The organization works to catalyze financial service providers, encouraging them to offer high-quality, affordable solutions at scale. Through its Venture Lab initiative, Accion invests in innovative fintech startups that aim to improve the accessibility, quality, and affordability of financial services. The initiative emphasizes technology-driven solutions, such as blockchain and machine learning, to enhance customer experiences and promote financial health. Accion provides not only capital, typically in the range of $500,000 to $1 million, but also comprehensive support through advisory services and governance, helping startups navigate growth challenges and connect with a broader network of financial experts and institutions.

Regulus Resources

Post in 2011
Regulus Resources Inc. (TSX V.REG) is a Canadian exploration company formed in December 2010 under the directorship of the former management of Antares Minerals Inc. (TSX V.ANM); John E. Black, Kevin B. Heather and Mark Wayne. Regulus was created through the spin-out of the Rio Grande Cu-Au project in Argentina along with C$5 million in cash from Antares Minerals in a Plan of Arrangement concluding the sale of Antares to First Quantum Minerals (TSX.FM, UK FQM) for approximately C$650 million; primarily for the giant Haquira Cu-Mo-Au deposit in Peru.

YellowPepper

Series B in 2010
YellowPepper is Latin America’s pioneer in mobile banking and payment solutions. Founded in 2004, the growing company provides services in Mexico, Colombia, Ecuador, Peru, and soon Brazil employing the best and brightest in the tech space with more than 60 team members throughout its regional footprint. YellowPepper brings innovative payment solutions to dynamic countries across the hemisphere. The company is backed by Visa and is also the recipient of the IFC (World Bank) first equity investment for a Latin America mobile financial company, merging unmatched market knowledge with the latest in payments technology. For more information, please visit www.yellowpepper.com.

Novica United

Series A in 2003
NOVICA empower global artisans to succeed, connect you with their fine treasures and preserve artistic traditions for future generations. NOVICA feature more than 30,000 limited edition and one-of-a-kind handmade works of art daily, ranging from artisan-crafted jewelry to handmade apparel to world-style home decor.

Convergence Communications

Private Equity Round in 2000
Convergence Communications, Inc. (CCI) is a prominent facilities-based provider of managed data network services and broadband solutions, catering to enterprise customers across over 150 cities in Mexico and Central America. The company operates a comprehensive broadband telecommunications network built on an IP-based technology platform that utilizes packet switching to efficiently transmit voice, video, and data. This robust infrastructure supports a diverse range of services, including high-speed internet access, virtual private networks, and IP telephony. By leveraging this advanced network, CCI enables businesses and government entities in its coverage area to access reliable and efficient telecommunications services.
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