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 Payments

TerraPay

Series B in 2023
TerraPay is a mobile-first international payment network that facilitates the secure and seamless transfer of funds across borders. By interconnecting various financial services providers, including mobile wallet services, money transfer operators, banks, and payment platforms, TerraPay creates a unified network for transnational transactions. Its platform supports a wide range of services, including interpersonal transfers, e-payments, and government disbursements, and is designed to integrate easily with any mobile wallet provider through standard open APIs. As a fully regulated financial intermediary, TerraPay takes on comprehensive responsibilities that include regulatory compliance, foreign exchange management, and funds settlement, ensuring a reliable payment experience. The company's software solutions are tailored for mobile-focused remittances, enabling customers to send money quickly, safely, and affordably.

Adumo

Venture Round in 2021
Adumo is a privately held independent payment service provider.

TerraPay

Venture Round in 2020
TerraPay is a mobile-first international payment network that facilitates the secure and seamless transfer of funds across borders. By interconnecting various financial services providers, including mobile wallet services, money transfer operators, banks, and payment platforms, TerraPay creates a unified network for transnational transactions. Its platform supports a wide range of services, including interpersonal transfers, e-payments, and government disbursements, and is designed to integrate easily with any mobile wallet provider through standard open APIs. As a fully regulated financial intermediary, TerraPay takes on comprehensive responsibilities that include regulatory compliance, foreign exchange management, and funds settlement, ensuring a reliable payment experience. The company's software solutions are tailored for mobile-focused remittances, enabling customers to send money quickly, safely, and affordably.

2C2P

Series E in 2019
2C2P Pte. Ltd. is a global payments platform headquartered in Bangkok and Singapore, specializing in payment processing solutions that enable businesses to securely accept payments across online, mobile, and in-store channels. The company operates in Southeast Asia, North Asia, Europe, and the United States, serving as a preferred provider for regional airlines, travel companies, and global retailers. Its offerings include technology for e-commerce and m-commerce, facilitating peer-to-peer payments, money transfers, and banking activities for both banked and unbanked transactions. By focusing on secure and efficient payment processing, 2C2P aims to help clients minimize fraud risks while enhancing their payment capabilities. The company markets its solutions under the brands 123, easyBills, and Qwik.

TerraPay

Venture Round in 2019
TerraPay is a mobile-first international payment network that facilitates the secure and seamless transfer of funds across borders. By interconnecting various financial services providers, including mobile wallet services, money transfer operators, banks, and payment platforms, TerraPay creates a unified network for transnational transactions. Its platform supports a wide range of services, including interpersonal transfers, e-payments, and government disbursements, and is designed to integrate easily with any mobile wallet provider through standard open APIs. As a fully regulated financial intermediary, TerraPay takes on comprehensive responsibilities that include regulatory compliance, foreign exchange management, and funds settlement, ensuring a reliable payment experience. The company's software solutions are tailored for mobile-focused remittances, enabling customers to send money quickly, safely, and affordably.

Fawaterak

Pre Seed Round in 2019
Fawaterak, an online payments platform helping small and micro businesses to process all their payments online through integrating local and global payment networks in one dashboard featured by powerful tools for collect payments locally and globally . Powered by A.I Main features: Create and share invoices with his clients instantly, get paid faster online (no App needed for the client). This act increased the payment rate due to easiness and availability. Website & Apps Integration: Ability to integrate merchant website & mobile app with fine-tuned invoicing system, this helped merchants to get paid online from Anywhere Instant payment’s collections: Get paid using credit cards, cash, or wire transfers within seconds. Supported by the local bank of the merchants, and offering recurring payments. A.I Powered: With A.I we are building scoring system which notify and feedback merchants about the best time his customer can pay for him or he can pay or not, also merchant could create an invoice to their clients just by taking a snapshot of printed invoice through our mobile application.

Koin

Series A in 2018
Koin is a developer of a post-pay application that provides instant credit and installment payment options for online purchases. The application enhances consumer confidence by allowing users to make payments only after receiving their products, ensuring a secure transaction experience. This approach not only facilitates online shopping but also helps businesses improve customer satisfaction by reducing the financial risk associated with online purchases.

Iyzico

Series C in 2017
iyzico is a Turkish online payment services provider that focuses on delivering a secure payment management platform for businesses of various sizes across different sectors. The company offers several key products, including iyziPos, a secure virtual POS solution that features automated fraud prevention and high authorization-rate bank integrations; iyziBazaar, which facilitates marketplace payment management; iyziLink, allowing payments via links without requiring a shopping site; and Buyer Protection, enhancing the secure shopping experience. Additionally, iyzico's platform supports multiple payment options, including recurring payments, bin control, one-click payments, installment payments, and bank transfers. This comprehensive suite enables e-commerce companies to start accepting payments rapidly, often on the same day as integration, by utilizing a single application.

Iyzico

Series B in 2015
iyzico is a Turkish online payment services provider that focuses on delivering a secure payment management platform for businesses of various sizes across different sectors. The company offers several key products, including iyziPos, a secure virtual POS solution that features automated fraud prevention and high authorization-rate bank integrations; iyziBazaar, which facilitates marketplace payment management; iyziLink, allowing payments via links without requiring a shopping site; and Buyer Protection, enhancing the secure shopping experience. Additionally, iyzico's platform supports multiple payment options, including recurring payments, bin control, one-click payments, installment payments, and bank transfers. This comprehensive suite enables e-commerce companies to start accepting payments rapidly, often on the same day as integration, by utilizing a single application.

Iyzico

Series B in 2015
iyzico is a Turkish online payment services provider that focuses on delivering a secure payment management platform for businesses of various sizes across different sectors. The company offers several key products, including iyziPos, a secure virtual POS solution that features automated fraud prevention and high authorization-rate bank integrations; iyziBazaar, which facilitates marketplace payment management; iyziLink, allowing payments via links without requiring a shopping site; and Buyer Protection, enhancing the secure shopping experience. Additionally, iyzico's platform supports multiple payment options, including recurring payments, bin control, one-click payments, installment payments, and bank transfers. This comprehensive suite enables e-commerce companies to start accepting payments rapidly, often on the same day as integration, by utilizing a single application.

SafetyPay

Venture Round in 2013
SafetyPay is a global online payment solution that allows customers to make secure purchases from merchants worldwide while paying directly through their local bank accounts in their local currency. Developed to address the need for a safe international payment method, SafetyPay serves various industries, including airline, automotive, retail, finance, and insurance. Its software provides real-time global payment options, facilitating hassle-free transactions for online shoppers, merchants, and banks. By prioritizing security and convenience, SafetyPay aims to enhance the online shopping experience for users across different regions.

Earthport

Post in 2013
Earthport is a global financial services company that specializes in cross-border payment solutions. Operating in over 50 countries and territories, it provides international payment services to businesses and banks. Earthport's platform enables clients to execute payments efficiently, offering a faster, more cost-effective, and transparent alternative to traditional payment methods. By streamlining the payment process, Earthport supports its clients in reaching a broader market and enhancing their financial operations.
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