Tagged: ifc

September 3, 2024 @ 11:05 pm By Michael Wong  |  

The International Finance Corporation (IFC), a member of the World Bank Group, has proposed an investment of up to $130 million in Asialink Finance Corp, a prominent lender to small and medium enterprises (SMEs) in the Philippines. The financing package, aimed at bolstering Asialink’s lending… Read More

June 1, 2024 @ 10:34 am By Michael Wong  |  

The International Finance Corporation (IFC), part of the World Bank Group, has launched a new initiative to facilitate financial support for small businesses in emerging markets, particularly those owned by women and those in the agriculture and climate sectors. The MSME Finance Platform will channel… Read More

May 11, 2024 @ 7:20 pm By Michael Wong  |  

Mongolia’s first digitally focused bank M bank has secured $30 million in financing from the International Finance Corporation (IFC) provide digital lending to women and small and medium enterprises (SMEs). In a collaborative effort to bolster the Mongolian financial sector, IFC and M bank are… Read More

September 21, 2023 @ 10:22 am By Michael Wong  |  

A landmark cooperation agreement has been forged between the International Finance Corporation (IFC) and the Banking Association of Bosnia and Herzegovina (UBBiH). This collaboration is set to strengthen the environmental, social, and corporate governance (ESG) capabilities of Bosnia and Herzegovina’s banking industry. The alliance strives… Read More

September 9, 2023 @ 4:35 pm By Michael Wong  |  

In a notable demonstration of faith in Central Asia’s growth potential, the International Finance Corporation (IFC), a member of the World Bank Group, has invested and mobilized a staggering $1.6 billion in the region during fiscal year 2023 (FY23). This investment, the highest ever for… Read More

September 4, 2023 @ 9:51 am By Michael Wong  |  

International Finance Corporation (IFC), a member of the World Bank Group, and Nepal Rastra Bank (NRB) formalized an agreement to strengthen the fintech ecosystem in Nepal, focusing on increasing the adoption of electronic payments and fostering innovation in digital financial services. This collaboration is part… Read More

November 17, 2022 @ 9:11 pm By Omar Faridi  |  

Holding its third day of sessions and panel discussions under the overarching theme of “Crypto Abu Dhabi”, Abu Dhabi Finance week witnessed the launch of Abu Dhabi Crypto Hub by Abu Dhabi Global Market (ADGM), the international financial centre (IFC) of the UAE’s capital. Given… Read More

December 8, 2021 @ 10:16 pm By Omar Faridi  |  

As open finance continues to evolve as an international movement, it’s critical for various world  regions to compare different implementation methods before selecting the best or most appropriate system. The Open Banking Exchange, the international unit of Open Banking Europe, has been established to guide… Read More

May 24, 2021 @ 3:08 pm By Samantha Hurst  |  

ProducePay,  a U.S.-based financing, analytics, and marketplace startup for the fresh produce market, announced on Monday it raised $43 million through its Series C investment round, which was co-led by G2VP, IFC, and IDB with participation from Anterra Capital and Coventure, Astanor Ventures, IGNIA, and… Read More

March 8, 2020 @ 12:15 pm By Omar Faridi  |  

Netherlands-based TerraPay, an international payments infrastructure developer, recently confirmed that it was acquired by investors Prime Ventures and Partech Africa, and its management. The exact amount involved in the acquisition has not been shared publicly. These same group of investors, and IFC, a third investor,… Read More

February 11, 2019 @ 7:30 pm By JD Alois  |  

The Marketplace Lending Association (MLA) has announced that it is backing the “Guidelines for Investing in Responsible Digital Financial Services.” These guidelines are the creation of the International Finance Corporation (IFC) which is part of the World Bank Group. The MLA represents some of the… Read More

October 15, 2018 @ 8:13 am By Samantha Hurst  |  

International Financial Corporation (IFC), a member of the World Bank Group, and Ant Financial Services Group (Ant Financial), a China-based tech company and the operator of Alipay, announced on Monday the launch of their new 10×1000 Tech for Inclusion program at the 2018 Annual Meetings… Read More

May 23, 2017 @ 9:34 am By JD Alois  |  

The International Finance Corporation (IFC), part of the World Bank, and the Monetary Authority of Singapore (MAS) have signed a “Memorandum of Cooperation” agreeing to establish and develop the ASEAN Financial Innovation Network (AFIN). AFIN will strive to increase the adoption of Fintech innovation and… Read More

September 30, 2016 @ 11:55 am By Erin Hobey  |  

Remitly, an independent mobile remittance company in the US, announced its receipt of  $38 million in new equity and debt financing from IFC, a member of the World Bank Group, and Silicon Valley Bank. The financing will aid in the company’s expansion to deliver international fund transfers… Read More

March 17, 2016 @ 9:35 am By Samantha Hurst  |  

On Thursday, Argentina-based peer-to-peer (P2P) lending platform, Afluenta, announced it has secured a total of $8 million during its recent Series B funding round. Funds raised from the round were from International Finance Corporation (IFC) and Elevar Equity (each invested $4 million). Afluenta previously stated that… Read More