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

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

Past deals in Banks

Equity Bank Kenya is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank by the central bank of Kenya, the central bank, and national banking regulator. Equity Bank Kenya Limited was incorporated in 2014 as a result of the corporate restructure of Equity Group Holdings Limited.

Absa Bank

Funding Round in 2021
Absa Group Limited is a prominent financial services provider based in Johannesburg, South Africa, offering a diverse range of products and services both locally and internationally. The company specializes in personal and business banking, corporate and investment banking, as well as wealth and investment management. Its offerings include residential property finance, vehicle and asset finance, credit cards, personal loans, and a variety of insurance products. Absa also provides commercial property finance, agricultural loans, and a suite of transactional banking options, including savings and investment services. Additionally, the bank offers investment banking services, private equity, and corporate banking products, along with life insurance and fiduciary services. Absa's commitment to serving individual, enterprise, and commercial customers is evident through its comprehensive financial solutions, which include treasury services and cash management. The company was previously known as Barclays Africa Group Limited before rebranding to Absa Group Limited in May 2018.

Federal Bank

Post in 2021
Federal Bank, head quartered in Aluva, Kerala is the largest traditional private sector Bank in India and 4th among all private sector banks in India in terms of footprint. They enjoy the trust and confidence of more than 6 million customers across the world. Their stakeholders trust us for the sound principles of corporate governance and their value of human capital as Their primary source of strength. This has always triggered valuable initiatives at every turning point of their growth journey. Federal Bank shares are widely held and is listed in the Bombay Stock Exchange (BSE) and National Stock Exchange of India (NSE). Their Global Depository Receipts are listed at the London Stock Exchange. They have 1200+ branches and 1400+ ATMs spread across 25 states and Union Territories of the country under 9 zones and 39 regions. their predominant position in Kerala and visible presence in Tamil Nadu, Karnataka, and Maharashtra is notable and they are in the process of widely expanding their presence in Gujarat, Punjab and North Eastern states. They also have their Representative Office in Abu Dhabi, UAE. They are pioneers among banks in India in the area of using technology to leverage its operations and were among the first banks in India to computerize all its branches. Federal Bank offers its customers, a variety of services such as Internet banking, Mobile banking, on-line bill payment, on-line fee collection, online religious offerings, depository services, online e trade services ,Cash Management Services, RTGS / NEFT facility, IMPS etc. as part of its strategy in enhancing the convenience to its customers.

BRAC Bank

Debt Financing in 2021
BRAC Bank Limited provides various commercial banking products and services in Bangladesh. The company offers retail, wholesale, small and medium enterprises (SME), and Probashi banking products and services. It provides various deposit products, such as current accounts, fixed deposits, SME deposits, savings accounts, and term deposits. The company also offers loan portfolio comprising personal loans, auto loans, home loans, and secured loans/overdrafts.

Union Bank of Nigeria

Debt Financing in 2020
Union Bank of Nigeria Plc is a retail and commercial bank headquartered in Lagos, Nigeria, with a history dating back to 1917. The bank offers a diverse range of financial products and services tailored for individuals, small and medium-sized enterprises, and corporate clients, primarily within Nigeria and the United Kingdom. Its operations are organized into four main segments: Retail Banking, Commercial Banking, Corporate Banking, and Treasury. The bank provides essential services such as current and savings accounts, debit cards, and online and mobile banking. Additionally, it supports SMEs with specialized accounts, loans, and financial solutions, along with comprehensive offerings in cash management, trade finance, and agribusiness. Union Bank of Nigeria Plc operates as a subsidiary of Union Global Partners Limited.

Equity Group Holdings

Debt Financing in 2020
Equity Bank Kenya is a financial services provider headquartered in Nairobi, Kenya. It is licensed as a commercial bank by the central bank of Kenya, the central bank, and national banking regulator. Equity Bank Kenya Limited was incorporated in 2014 as a result of the corporate restructure of Equity Group Holdings Limited.

Access Bank

Post in 2020
Access Bank provides banking products and services to individual and business customers in Ghana. It offers standard savings and current, access advantage, solo, and premier accounts. The company also provides online banking services that include ATM, online access, and point-of-sale terminal services; and bills payment and Western Union money transfer services.

NSIA

Debt Financing in 2020
NSIA operates in insurance, banking and finance, and real estate businesses. It provides life insurance products; and non-life insurance products, including automotive, home and property, transport, and personal accident. The company also offers checking accounts, savings accounts, term deposits, savings certificates, and bank assurance products; commercial loans, personal loans, mortgages, and leasing; other services, such as transfers, foreign exchange, asset management, electronic banking, and money transfers; and financial engineering, trading, asset management, product portfolio management, and finance research services.

VPBank

Debt Financing in 2020
As one of the earliest-established Joint-stock Commercial banks in Vietnam, VPBank has achieved steady development throughout its history. Especially since 2010, VPBank has grown dramatically with the development and implementation of the strategic transformation program diligently with support from one of the world’s leading consulting companies.

Yoma Bank

Funding Round in 2020
Yoma Bank Limited offers banking products and services. The company was founded in 1993 and is based in Yangon, Myanmar.

BAC Acquisition

Venture Round in 2020
Navi is building consumer-centric and technology-driven businesses in the BFSI (Banking, Financial Services & Insurance) space.

Raiffeisen UA

Debt Financing in 2019
Raiffeisen Bank International AG, headquartered in Vienna, Austria, offers a comprehensive range of banking services to private individuals, small and medium enterprises, as well as corporate and institutional clients. Its service portfolio includes corporate and retail banking, investment banking, cash management, electronic banking, and payment services. The bank provides various financing solutions such as trade finance, export finance, project finance, and working capital finance, along with credit and prepaid cards. Additionally, it offers investor services, including fund administration and brokerage, as well as specialized products like bank guarantees, letters of credit, and factoring services. Raiffeisen Bank International also assists clients with mergers, acquisitions, and other corporate finance activities. With a significant presence in Central, Southeastern, and Eastern Europe, the bank operates approximately 2,040 business outlets, reflecting its commitment to serving a diverse clientele effectively.

Orient Commercial Joint Stock Bank

Debt Financing in 2019
Orient Commercial Joint Stock Bank, founded in 1996 and headquartered in Ho Chi Minh City, Vietnam, provides a wide range of banking products and services. The bank offers various deposit options, including current and savings accounts, as well as loans for used car purchases and unsecured consumer loans. Its lending portfolio includes short-term, medium-term, and long-term loans, along with import and export letters of credit and credit card services. Additionally, the bank provides comprehensive financial management services, remittance services, and insurance products, including credit security plans and car insurance. With approximately 110 business units and a strategic partnership with Generali Vietnam Life Insurance LLC, Orient Commercial Joint Stock Bank focuses on enhancing customer experience through digital technology and expanding its service offerings. The bank has shown significant growth over the past 15 years and employs over 1,700 staff to cater to its expanding customer base across 18 provinces.

XacBank

Debt Financing in 2018
Xac Bank is the fourth largest bank in Mongolia with a loan portfolio of 395M USD, serving 298,000 borrowers and savers clients and deriving a yearly ROE of 22%. Xac Bank has demonstrated its ability to adapt to a fast growing and fast changing economic environment in Mongolia, on the back of a booming mining industry, and has re-focused its operations away from microfinance to SME, consumer lending and mortgages. In order to manage the associated risk, the bank has heavily invested in systems and human capabilities in order to serve the increasing need of underserved SMEs and urban as well as rural population. Xac Bank has also built an in-house mobile platform currently under upgrade in order to better serve the needs of its customers. Xac Bank is actively involved in deploying government and developmental funds to provide easier access to low cost housing and environment friendly energy to the lower layers of the Mongolian population. Finally, Xac bank is constantly providing non-financial services to the community under the form of financial literacy programs and business support to its lowest income customers via association with NGOs.

Konfio

Series C in 2018
Konfio is a financial technology company based in Mexico City that focuses on providing online financial solutions for micro entrepreneurs and small to mid-sized enterprises. Founded in 2013, it offers a range of services including fixed-rate loans, short-term business credits, working capital loans, and online payment solutions. Additionally, Konfio provides a corporate credit card, a loyalty program, and business productivity software tools to enhance growth and operational efficiency. The company aims to support the financial needs of its clients through innovative digital banking solutions and has established itself as a key player in the Mexican fintech landscape.

Konfio

Debt Financing in 2018
Konfio is a financial technology company based in Mexico City that focuses on providing online financial solutions for micro entrepreneurs and small to mid-sized enterprises. Founded in 2013, it offers a range of services including fixed-rate loans, short-term business credits, working capital loans, and online payment solutions. Additionally, Konfio provides a corporate credit card, a loyalty program, and business productivity software tools to enhance growth and operational efficiency. The company aims to support the financial needs of its clients through innovative digital banking solutions and has established itself as a key player in the Mexican fintech landscape.

Bandhan Bank

Private Equity Round in 2018
Bandhan Bank Limited is a commercial bank focused on micro banking and general banking services. Bandhan Bank has a license to provide banking services pan-India across customer segments. Bank offer a variety of asset and liability products and services designed for micro banking and general banking, as well as other banking products and services to generate non-interest income.
An Binh Commercial Joint Stock Bank, a commercial bank, provides consumer and corporate banking services in Vietnam. The company offers consumer banking services, such as term and non-term savings, demand, and accumulated savings deposits; and unsecured consumption, home erection/renovation, secured consumption, business and production, car, home, listed and non-listed securities, overseas study, savings account book/account balance mortgage, and business and production supplementary loans. It provides corporate banking services, including commercial financing, import financing, pre-shipment export financing, SME financing, and co-financing loans; supplementary installment loans for business.

Konfio

Series B in 2017
Konfio is a financial technology company based in Mexico City that focuses on providing online financial solutions for micro entrepreneurs and small to mid-sized enterprises. Founded in 2013, it offers a range of services including fixed-rate loans, short-term business credits, working capital loans, and online payment solutions. Additionally, Konfio provides a corporate credit card, a loyalty program, and business productivity software tools to enhance growth and operational efficiency. The company aims to support the financial needs of its clients through innovative digital banking solutions and has established itself as a key player in the Mexican fintech landscape.

Britam

Post in 2017
Britam is a diversified financial services group, listed on the Nairobi Securities Exchange. The group has interests across the Eastern and Southern Africa region. The company offers a wide range of financial products and services in Insurance, Asset management, Banking and Property. The product range includes: life, health and general insurance, pensions, unit trusts, investment planning, wealth management, off-shore investments, retirement planning, discretionary portfolio management, Property development and private Equity.

RBL Bank

Venture Round in 2014
RBL Bank is one of India’s fastest growing scheduled commercial banks. It is continuously expanding its presence across India through a growing network of branches and ATMs. Established in 1943, RBL Bank undertook a transformational journey under a new management team in 2010. RBL Bank embarked on an aggressive growth plan based on a robust platform of strong governance, relationships, technology infrastructure, high quality capital and geographic expansion. Over the last two years, it has infused capital of over र 1,100 Crore from some of the most notable global and domestic names, taking the TIER 1 capital to र 1,600 Crore (approx.) Today, RBL Bank offers specialized services under the five business verticals: namely Corporate & Institutional Banking, Commercial Banking, Retail Banking, Agri & Development Banking and Financial Markets. The bank currently services over 5 Lakh customers and has a total business size of over Rs. 14,500 Crore. s of August, 2014, RBL Bank has grown to a network of 180 branches and 374 ATMs across 13 Indian states.

RBL Bank

Venture Round in 2013
RBL Bank is one of India’s fastest growing scheduled commercial banks. It is continuously expanding its presence across India through a growing network of branches and ATMs. Established in 1943, RBL Bank undertook a transformational journey under a new management team in 2010. RBL Bank embarked on an aggressive growth plan based on a robust platform of strong governance, relationships, technology infrastructure, high quality capital and geographic expansion. Over the last two years, it has infused capital of over र 1,100 Crore from some of the most notable global and domestic names, taking the TIER 1 capital to र 1,600 Crore (approx.) Today, RBL Bank offers specialized services under the five business verticals: namely Corporate & Institutional Banking, Commercial Banking, Retail Banking, Agri & Development Banking and Financial Markets. The bank currently services over 5 Lakh customers and has a total business size of over Rs. 14,500 Crore. s of August, 2014, RBL Bank has grown to a network of 180 branches and 374 ATMs across 13 Indian states.

Ujjivan

Venture Round in 2012
Ujjivan Financial Services Limited, founded in 2005 and headquartered in Bengaluru, India, specializes in providing a comprehensive range of financial services aimed at economically active poor individuals in urban and semi-urban areas. The company offers a variety of products, including micro and rural finance, housing loans, personal and vehicle loans, and loans for micro and small businesses. Additionally, Ujjivan provides group and individual insurance products. Its subsidiary, Ujjivan Small Finance Bank Limited, was established in 2016 and focuses on serving financially unserved and underserved segments through banking products, including savings and current accounts, fixed deposits, and an array of loan offerings such as agricultural, educational, and personal loans. Ujjivan operates a significant network of banking outlets and ATMs, reflecting its commitment to financial inclusion in India.