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 Turkey

Figopara

Seed Round in 2020
Figopara is a financial technology company that offers a supplier finance platform aimed at improving short-term financing for businesses. The platform allows customers to discount their e-invoices before they are due by leveraging offers from financial institutions. This service enables buyers to extend their payment terms easily, while suppliers can access their post-paid receivables immediately, thus enhancing their cash flow. By providing secure and relevant information about the customer's financial associations, Figopara facilitates a smoother transaction process, ultimately helping clients increase their working capital and profitability.

Hayat Holding

Debt Financing in 2018
Its mission is to offer high quality Turkish brand alternatives to the consumers all over the world in the sectors they operate. This goal; their production power, their developing and self-renewing human resources, their customer-focused approach and their belief in sustainability. Their vision to be known, liked and preferred in every corner of the world with their companies and brands in the sectors they operate in.

Foriba

Series B in 2018
Foriba is a provider of accounting solutions for enterprises. The Company offers document processing services such as e-invoice, e-ledger, e-reconciliation, e-audit e-signature, and e-self employed invoices. It also offers digital backup of documents, Vat returns, and e-receipt solutions. Ahmet Bilgen headquartered the company in Maltepe, Istanbul in 1999.

Iyzico

Series C in 2017
Iyzico is a payment management platform founded to provide secure payment solutions for online businesses across various industries. The platform offers a range of services including iyziPos, a secure virtual POS solution that features automated fraud prevention and strong bank integrations; iyziBazaar, which facilitates marketplace payments; iyziLink, allowing payments via links without the need for a shopping site; and Buyer Protection, ensuring a secure shopping experience. Additionally, Iyzico supports multiple payment options such as recurring payments, bin control, one-click payments, installment payments, and bank transfers, enabling e-commerce companies to accept payments quickly, often within the same day of integration.

Iyzico

Series B in 2015
Iyzico is a payment management platform founded to provide secure payment solutions for online businesses across various industries. The platform offers a range of services including iyziPos, a secure virtual POS solution that features automated fraud prevention and strong bank integrations; iyziBazaar, which facilitates marketplace payments; iyziLink, allowing payments via links without the need for a shopping site; and Buyer Protection, ensuring a secure shopping experience. Additionally, Iyzico supports multiple payment options such as recurring payments, bin control, one-click payments, installment payments, and bank transfers, enabling e-commerce companies to accept payments quickly, often within the same day of integration.

Yandex

Post in 2013
Yandex is a technological company. They develop products and services by machine learning that include transportation services, navigation products, and mobile applications for consumers. They help consumers and businesses navigate online and offline. Their services use machine learning including in the search results, serving online advertisements, and performing translations.
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