International Finance Corporation
International Finance Corporation (IFC), established in 1956, is a member of the World Bank Group dedicated to fostering private sector development in emerging markets. Headquartered in Washington, D.C., with global offices, IFC provides financial and advisory services to support economic activities across various sectors such as infrastructure, agriculture, manufacturing, and financial services. It invests in both direct equity and debt, as well as fund investments, with a focus on projects that promote sustainable development and inclusive growth. IFC's investment range typically spans from $1 million to $100 million, with a minority equity stake, often up to 20%. It also offers debt financing, with loan sizes up to 25% of total project costs or 50% for expansion projects. IFC's portfolio includes a mix of asset-backed securities, corporate debt securities, government obligations, equity investments, and derivative assets. It aims to exit investments through domestic stock markets, arrangements with project sponsors, or public listings within 7 to 15 years.
Top Stages
Past deals in Malawi
Zoona
Venture Round in 2017
Zoona is a mobile technology company established in 2009, headquartered in South Africa with operations in Zambia, Malawi, and Mozambique. It specializes in developing products such as money transfers, electronic voucher payments, and agent payments, aiming to provide safe and reliable financial services to underserved communities across Africa. As of now, Zoona has processed over $2 billion in transactions, demonstrating its significant impact on the continent's financial landscape. The company has been recognized by notable organizations like The Nike Foundation and The Unreasonable Group for its potential to empower young entrepreneurs and help girls become entrepreneurs, thereby contributing to poverty alleviation efforts.
Britam Holdings
Post in 2017
Britam Holdings Plc is a diversified financial services company headquartered in Nairobi, Kenya, with operations extending across Eastern and Southern Africa. The company engages in various sectors, including insurance, investment management, private equity, and property development. It is organized into five primary segments: Long Term Insurance, Short Term Insurance, Asset Management, Property, and Corporate and Other. Britam offers a comprehensive range of insurance products, including life, health, and general insurance, as well as pension plans and critical illness coverage. Additionally, the company provides investment management services, including discretionary portfolio management and wealth management, alongside unit trust funds. In the property segment, Britam is involved in the acquisition, development, and rental of real estate. The company serves both individual and corporate clients through a network of brokers, agencies, and direct marketing initiatives. Founded in 1920, Britam Holdings continues to play a significant role in the financial services landscape in the region.
Zoona
Series B in 2016
Zoona is a mobile technology company established in 2009, headquartered in South Africa with operations in Zambia, Malawi, and Mozambique. It specializes in developing products such as money transfers, electronic voucher payments, and agent payments, aiming to provide safe and reliable financial services to underserved communities across Africa. As of now, Zoona has processed over $2 billion in transactions, demonstrating its significant impact on the continent's financial landscape. The company has been recognized by notable organizations like The Nike Foundation and The Unreasonable Group for its potential to empower young entrepreneurs and help girls become entrepreneurs, thereby contributing to poverty alleviation efforts.
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