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 Peru

Crehana

Series A in 2020
Crehana is an online training platform based in Lima, Peru, aimed at creative and digital professionals in Latin America and Spain. Founded in 2015, it offers over 500 courses covering a range of subjects including Design, Coding, Illustration, Photography, and Audiovisuals. The platform focuses on affordable, project-based learning, enabling users to acquire practical skills that align with their professional aspirations. Crehana's mission is to empower individuals to achieve their career goals through accessible online education, thereby redefining traditional learning paradigms in the creative sector.

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.

Regulus Resources

Post in 2011
Regulus Resources Inc. is a mineral exploration company based in Vancouver, Canada, focused on the exploration of copper, gold, and silver deposits across Peru, Chile, the United States, and Canada. Established in December 2010, the company emerged from a spin-out of the Rio Grande Cu-Au project in Argentina, along with a cash allocation from Antares Minerals, which was sold to First Quantum Minerals. Regulus's flagship asset is the AntaKori project, located in the Yanacocha-Hualgayoc mining district of Northern Peru, encompassing 20 mineral concessions over an area of 438 hectares. The company's leadership includes former executives from Antares Minerals, highlighting its experienced management team in the mining sector.

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.

Novica United

Series A in 2003
NOVICA United, Inc. is an e-commerce company based in Los Angeles, California, that specializes in providing a wide range of handmade accessories for both men and women. Established in 1998, the company collaborates with artisans from various countries, including Brazil, Peru, Mexico, Ghana, Indonesia, Thailand, India, and Guatemala, to offer over 30,000 unique and limited edition products daily. Their product line includes women's accessories such as shawls, scarves, hats, gloves, and travel accessories, as well as men's items like cufflinks, wallets, and walking sticks. NOVICA aims to empower global artisans, connect consumers with their creations, and preserve traditional artistic practices for future generations.