International Finance Corporation

The International Finance Corporation (IFC), established in 1956, is a member of the World Bank Group dedicated to fostering private sector development in emerging markets. It provides financial services, including loans and equity investments, ranging from $1 million to $100 million, with a focus on projects that drive economic growth and social impact. IFC invests across various sectors such as infrastructure, agriculture, manufacturing, healthcare, education, technology, and financial services.

Sanaa Abouzaid

Regional Manager in Central America

Rufat Alimardanov

Country Representative

Jean-Marc Arbogast

Country Manager

Wale Ayeni

Regional Head Africa Venture Capital

Paulo De Bolle

Director, Special Situations

Andi Dervishi

Chief Investment Officer and Global Head, Fintech

Makhtar Diop

Managing Director

Imad N. Fakhoury

IFC Regional Director South Asia

Malick Fall

Country Manager

Juan Flores

Mexico Country Manager

Allen Forlemu

Regional Industry Director, Financial Institutions Group, Asia and Pacific

Facundo Sanchez Freytes

Investment Officer

Stephanie Friedeburg

Vice President, Corporate Strategy and Resources

Mohamed Gouled

Vice President, Industries

Cheryl Hanway

Director

Kyle Kelhofer

Country Manager for Vietnam

Saadia Khairi

Vice President and Chief Risk Officer

Azam Khan

Manager

Rosy Khanna

Regional Industry Director for Financial Institutions in Asia-Pacific

Walid Labadi JD

Assistant General Counsel, Africa

Adamou Labara

Senior Executive Finance and Development

Neil McKain

Manager

Alfonso Garcia Mora

Regional Vice President for Europe, Latin America and the Caribbean

Ary Naïm

Regional Manager, Central and Southeast Europe

Vivek Pathak

Director and Global Head of Climate Business

Mary Porter Peschka

Director

Sergio Pimenta

Regional Vice President, Africa

Carlos Leiria Pinto

Country Manager -

Manuel Reyes Retana

Executive

Leila Search

Senior Investment Officer and Program Officer

Oumar Seydi

IFC Regional Director, Africa

Levan Shalamberidze

East Asia Equity Lead, Financial Institutions

James Smouse

Global Head of Insurance, Financial Institutions Group

Sarvesh Suri

Regional Industry Director, Infrastructure and Natural Resources

Dahlia Khalifa

Regional Director of Central Africa, Liberia, Nigeria and Sierra Leone

Past deals in South Africa

Balwin Properties

Post in 2025
Balwin Properties is a South African property developer and owner focused on creating sectional title apartments for the low-to-middle income market. Headquartered in Johannesburg, the company designs, constructs, promotes, and sells affordable, ecologically conscious residential estates and also operates related services including commercial property rental, bond origination and commissions, and information and communications technology services such as fiber network infrastructure and rental of electronic communication products. It provides services to its residential estates and runs related programs through its foundation. Founded in 1989, Balwin Properties derives revenue primarily from residential and commercial property activities and associated annuity-based services.

Naked Insurance

Series B in 2025
Naked Insurance, founded in 2016 and based in Johannesburg, South Africa, specializes in short-term retail insurance products. The company aims to provide a modern approach to insurance by emphasizing effortless, transparent, and sincere service. Through its innovative offerings, Naked Insurance seeks to enhance the customer experience in the insurance sector.

FirstRand Bank

Post in 2024
FirstRand Bank, established in 1998, is a prominent financial services provider based in Sandton, South Africa. It offers a wide range of banking, insurance, and investment products and services to retail, commercial, corporate, and public sector customers, both domestically and across various African countries. The company operates through several divisions, including First National Bank (FNB) for retail and commercial banking, Rand Merchant Bank (RMB) for corporate and investment banking, WesBank for installment finance, and Ashburton Investments for investment management. Its services span deposit products, loans, credit facilities, investment products, transactional services, insurance, advisory services, and wealth management, catering to a diverse client base that includes consumers, small businesses, medium corporates, parastatals, government entities, and the agricultural sector.

Liquid Intelligent Technologies

Venture Round in 2023
Liquid Intelligent Technologies is a provider of digital infrastructure in Africa, delivering data, voice, and IP services through a nationwide fiber and satellite network. It operates an extensive fiber backbone spanning about 18,000 kilometers across Uganda, Kenya, Rwanda, Zambia, Zimbabwe, Botswana, the Democratic Republic of the Congo, Lesotho, and South Africa, enabling high-speed internet access for public and private sector enterprises and supporting the digital journey. Founded in 2004 and headquartered in Ebène, Mauritius, the company serves as a key connectivity partner across the continent.

FirstRand Bank

Post in 2023
FirstRand Bank, established in 1998, is a prominent financial services provider based in Sandton, South Africa. It offers a wide range of banking, insurance, and investment products and services to retail, commercial, corporate, and public sector customers, both domestically and across various African countries. The company operates through several divisions, including First National Bank (FNB) for retail and commercial banking, Rand Merchant Bank (RMB) for corporate and investment banking, WesBank for installment finance, and Ashburton Investments for investment management. Its services span deposit products, loans, credit facilities, investment products, transactional services, insurance, advisory services, and wealth management, catering to a diverse client base that includes consumers, small businesses, medium corporates, parastatals, government entities, and the agricultural sector.

Naked Insurance

Series B in 2023
Naked Insurance, founded in 2016 and based in Johannesburg, South Africa, specializes in short-term retail insurance products. The company aims to provide a modern approach to insurance by emphasizing effortless, transparent, and sincere service. Through its innovative offerings, Naked Insurance seeks to enhance the customer experience in the insurance sector.

Lulalend

Series B in 2023
LulaLend is more than a company. It’s a belief in the power of small business, making a difference, building a better solution and striving for excellence. We work hard to empower businesses across South Africa with the funds they need to grow, and we have a great time doing it!

Absa

Funding Round in 2021
Absa is a prominent financial services group based in Johannesburg, South Africa, offering a comprehensive range of banking and financial products tailored to meet the needs of personal, commercial, and corporate customers. The bank provides personal banking services, including savings and current accounts, credit cards, home loans, and various investment products, along with electronic banking solutions. For business and corporate clients, Absa delivers services such as commercial property finance, asset finance, term loans, and trade products, as well as specialized solutions for sectors like agriculture, tourism, and public services. Established in 1991, Absa strives to address local challenges through its diverse offerings in retail, business, corporate, investment, and wealth banking, alongside insurance services.

Liquid Intelligent Technologies

Debt Financing in 2021
Liquid Intelligent Technologies is a provider of digital infrastructure in Africa, delivering data, voice, and IP services through a nationwide fiber and satellite network. It operates an extensive fiber backbone spanning about 18,000 kilometers across Uganda, Kenya, Rwanda, Zambia, Zimbabwe, Botswana, the Democratic Republic of the Congo, Lesotho, and South Africa, enabling high-speed internet access for public and private sector enterprises and supporting the digital journey. Founded in 2004 and headquartered in Ebène, Mauritius, the company serves as a key connectivity partner across the continent.

Lulalend

Series A in 2019
LulaLend is more than a company. It’s a belief in the power of small business, making a difference, building a better solution and striving for excellence. We work hard to empower businesses across South Africa with the funds they need to grow, and we have a great time doing it!

ADvTECH

Post in 2016
ADvTECH Limited is a prominent education and training provider based in Sandton, South Africa. The company operates through three main divisions: Schools, Tertiary, and Resourcing. The Schools division delivers comprehensive educational services, including pre-primary, primary, and secondary education. The Tertiary division focuses on higher education, offering diploma, degree, and postgraduate programs through both traditional and distance learning methods. In addition, the Resourcing division specializes in staffing solutions, providing permanent, temporary, and contract placements across various sectors, including information technology, accounting and finance, engineering, and network services. ADvTECH stands out as a leader in quality education, skills development, and workforce placement in the region.

Nedbank

Nedbank is a South African banking group offering a full spectrum of wholesale and retail financial services through its core divisions, including Corporate and Investment Banking, Retail and Business Banking, and Wealth. It accepts deposits, provides lending and credit facilities, and offers payments, treasury, and risk-management solutions, alongside insurance, investment management, and financial planning services. The group serves individuals, small businesses, and government and public-sector clients, while delivering corporate finance, stockbroking, debt advisory, and related market services to corporate customers. With a regional and international footprint, Nedbank operates in South Africa and across other African markets as well as Europe, Asia, and the United States, supported by a network of offices and subsidiaries. The company emphasizes client-focused financial solutions and risk management to sustain growth across sectors including agriculture, infrastructure, energy, mining, and professional services.
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