International Finance Corporation

International Finance Corporation (IFC), established in 1956 and headquartered in Washington, District of Columbia, is the private equity and venture capital arm of The World Bank Group. It focuses on fostering sustainable economic growth in developing countries by financing private sector investments and mobilizing capital in international financial markets. IFC provides a wide range of financial products, including loans, equity, quasi-equity, and advisory services, targeting sectors such as agriculture, forestry, financial services, education, healthcare, infrastructure, manufacturing, retail, tourism, and technology. The organization aims to support businesses and financial institutions in emerging markets to create jobs, improve corporate governance, and enhance environmental performance. IFC typically invests between $1 million and $100 million, often taking minority stakes but preferring majority ownership in its portfolio companies. It does not engage directly in the management of its investments and usually exits through domestic stock markets or other arrangements after several years. By focusing on initiatives that benefit underserved communities, IFC contributes to local economic development and improves the quality of life for people in developing regions.

Wale Ayeni

Acting Global Head, Disruptive Technologies and Venture Capital Investments

Paulo De Bolle

Global Director

Andi Dervishi

Chief Investment Officer and Global Head, Fintech, ePayments and New Finance

Makhtar Diop

Managing Director

Imad N. Fakhoury

IFC Regional Director South Asia

Allen Forlemu

Regional Industry Director

Mary Porter Peschka

Director

Leila Search

Investment Professional

Oumar Seydi

IFC Regional Director, Africa

Past deals in Transportation

Gozem

Venture Round in 2022
Gozem is a transport technology platform for Francophone West and Central Africa.

Toters

Series B in 2022
Toters is a delivery service that connects customers with local retailers and restaurants, facilitating the delivery of a wide range of products, including food and groceries. Since its inception in 2017, the company has experienced significant growth in Lebanon and has expanded its operations to Iraq and Saudi Arabia, serving thousands of customers each month through a network of selected partner stores. The Toters application allows users to browse local menus and store offerings, enabling them to place orders easily and track their deliveries in real time. The company focuses on enhancing the overall experience for both customers and partners through its logistics, technology, design, and support services.

Truck Lagbe

Series A in 2021
Truck Lagbe is a logistics platform based in Bangladesh that specializes in shipping and freight booking. The company offers an application available on both Android and iOS, allowing shippers to easily hire trucks for transporting goods. The platform accommodates various truck sizes, ranging from 1 ton to 25 tons, facilitating both short-haul and long-haul transportation. By streamlining the process of truck booking, Truck Lagbe aims to enhance logistics efficiency and ensure the safe delivery of goods for businesses.

BlackBuck

Series E in 2021
BlackBuck is an online fleet management platform that connects shippers with fleet operators in India. By leveraging technology, it aims to enhance the logistics landscape, making it more reliable and efficient. The platform provides features such as price discovery, route optimization, in-transit tracking, and assurance of timely deliveries. This comprehensive approach not only improves operational productivity for clients but also positively impacts the broader transportation ecosystem, which is crucial for numerous livelihoods. BlackBuck is positioned to drive significant advancements in the transportation sector.

Bolt

Convertible Note in 2021
Bolt Technology OÜ operates a transportation platform that offers ride-hailing, micromobility, and food delivery services. Founded in 2013 and headquartered in Tallinn, Estonia, Bolt provides a smartphone application that enables users to book taxis based on price and quality ratings, track drivers in real-time, and order services without waiting for a dispatcher. The company has expanded rapidly, serving over 50 million customers across more than 40 countries, including regions in Europe, Latin America, and Africa. Bolt aims to reshape urban mobility by promoting a future with reduced car ownership and enhanced flexible transport options, thereby contributing to decreased traffic congestion and pollution in cities.

Tembici

Series B in 2020
Tembici is a prominent micro-mobility company in Latin America, specializing in first and last mile transportation solutions for daily commuters. The company offers shared electric bike rental services designed to integrate bicycles into the urban transport network. By providing accessible parking facilities and rental options, Tembici enables both public and private entities, including residential and corporate clients, to navigate urban environments efficiently while minimizing space usage.

TruKKer

Series A in 2019
TruKKer operates a digital freight network designed to enhance land freight services by integrating demand and supply through real-time data analytics. The platform simplifies logistics and fleet management by connecting shippers with available transporters, ensuring optimal asset utilization while reducing transportation costs. By leveraging data, TruKKer promotes reliability and transparency in the logistics process, creating opportunities for cost savings and improved efficiency. Its rapid growth is facilitating data monetization and consolidated procurement, allowing businesses to navigate cross-border transportation with greater ease.

TruKKer

Venture Round in 2019
TruKKer operates a digital freight network designed to enhance land freight services by integrating demand and supply through real-time data analytics. The platform simplifies logistics and fleet management by connecting shippers with available transporters, ensuring optimal asset utilization while reducing transportation costs. By leveraging data, TruKKer promotes reliability and transparency in the logistics process, creating opportunities for cost savings and improved efficiency. Its rapid growth is facilitating data monetization and consolidated procurement, allowing businesses to navigate cross-border transportation with greater ease.

BlackBuck

Series D in 2019
BlackBuck is an online fleet management platform that connects shippers with fleet operators in India. By leveraging technology, it aims to enhance the logistics landscape, making it more reliable and efficient. The platform provides features such as price discovery, route optimization, in-transit tracking, and assurance of timely deliveries. This comprehensive approach not only improves operational productivity for clients but also positively impacts the broader transportation ecosystem, which is crucial for numerous livelihoods. BlackBuck is positioned to drive significant advancements in the transportation sector.

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.

PickMe

Venture Round in 2018
PickMe is a leading ride-sharing platform in Sri Lanka, designed to enhance the local transportation industry through innovative technology. Based in Colombo, the company connects taxi passengers with drivers in real time, ensuring a seamless service experience. The application offers a diverse fleet, including cars and auto-rickshaws, allowing users to easily access transport services via a user-friendly interface. With features such as cashless payments, PickMe aims to provide convenience and efficiency, setting a benchmark for ride-sharing services in the region.

Mandaê

Series B in 2018
Mandaê Serviços de Consultoria em Logística LTDA provides air logistics services for packing and delivery. The company was incorporated in 2014 and is based in São Paulo, Brazil.

Lithium Urban Technologies

Venture Round in 2018
Lithium Urban Technologies is a pioneering company in India that focuses on sustainability by providing electric vehicle (EV) services aimed at reducing air pollution and easing traffic congestion in urban areas. As the first zero-emission transport service in the country, Lithium operates a fleet of electric vehicles supported by a robust technology platform that includes telemetry, geographic information systems (GIS), and analytics for optimizing operations. The company emphasizes social responsibility and continuous innovation while offering e-Mobility as a Service (e-MaaS). This approach not only enhances regional connectivity but also serves as a cost-effective and environmentally friendly transportation solution for cities. Trained and certified drivers further enhance the service quality, making Lithium a leader in the transition towards sustainable urban mobility.

Oway

Venture Round in 2018
Oway, Inc. is a travel agency based in Yangon, Myanmar, established in 2012. It operates an online platform that facilitates the booking of hotels and flights, catering to both business enterprises and individual consumers. Oway offers a comprehensive range of travel services, including flight bookings, visa assistance, hotel reservations, car rentals, and various activities and tours. Additionally, the company provides corporate travel management, conference and event planning, as well as international study tours. Through its mobile application and website, Oway ensures clients have access to real-time data for flights and hotels, along with taxi-hailing and e-payment services, enabling efficient travel experiences.

BlackBuck

Series C in 2017
BlackBuck is an online fleet management platform that connects shippers with fleet operators in India. By leveraging technology, it aims to enhance the logistics landscape, making it more reliable and efficient. The platform provides features such as price discovery, route optimization, in-transit tracking, and assurance of timely deliveries. This comprehensive approach not only improves operational productivity for clients but also positively impacts the broader transportation ecosystem, which is crucial for numerous livelihoods. BlackBuck is positioned to drive significant advancements in the transportation sector.

Huochebang

Series B in 2016
Guiyang Huochebang Technology Co Ltd develops an online logistics platform to connect cargo shippers and truck drivers in china. It offers online and mobile O2O logistics platform that helps shippers and drivers to publish shipping requirements and complete transactions. The company was founded in 2008 and is based in Guiyang, China. Guiyang Huochebang Technology Co Ltd is a former subsidiary of Jiangsu Man Yun Software Technology Co., Ltd.

Oway

Series C in 2016
Oway, Inc. is a travel agency based in Yangon, Myanmar, established in 2012. It operates an online platform that facilitates the booking of hotels and flights, catering to both business enterprises and individual consumers. Oway offers a comprehensive range of travel services, including flight bookings, visa assistance, hotel reservations, car rentals, and various activities and tours. Additionally, the company provides corporate travel management, conference and event planning, as well as international study tours. Through its mobile application and website, Oway ensures clients have access to real-time data for flights and hotels, along with taxi-hailing and e-payment services, enabling efficient travel experiences.
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