Search Results for "IFC"
5 results for "IFC"
Deals 5
IFC Invests $75M in Apis Fund III for Embedded Finance in Africa and Asia
IFC committed a $75 million equity investment in Apis Growth Markets Fund III, with an additional $25 million co-investment capacity. The fund targets mid-cap fintechs in Africa and Asia focused on embedded finance, payments, and commerce enablement. Key target markets include India, Nigeria, and Indonesia.
Finastra Showcases Open Banking Platform at DIFC Innovation Month
Finastra showcased its FusionFabric.cloud open banking platform during DIFC Innovation Month in Dubai. The event on June 16 highlighted API-driven tools for retail banking and payments aimed at empowering fintechs. The showcase underscores growing open banking and embedded finance momentum in the MENA region.
Currencycloud Raises $80M Series E Led by Visa and BNP Paribas
Currencycloud, a cross-border payments API provider, raised $80M in Series E funding on January 27, 2020. The round included Visa, IFC, BNP Paribas, SBI Group, Siam Commercial Bank, and existing investors like Notion Capital. The funding supports Currencycloud's embedded FX and payments infrastructure used by banks and fintechs.
DIFC and Accenture Partner to Expand FinTech Hive Accelerator Globally
Dubai International Financial Centre (DIFC) and Accenture signed an agreement to strengthen FinTech Hive at DIFC's global position. The partnership aims to expand the fintech accelerator's reach and capabilities. This reinforces DIFC's role as a hub for banking and fintech innovation in the MENA region.
Brazil's RecargaPay Raises $22M Series B for Mobile Payments Platform
RecargaPay, a Brazilian fintech banking platform offering mobile payments and prepaid card infrastructure with API integrations, raised $22 million in Series B funding. Investors included IFC (World Bank Group), TheVentureCity, Ventech, DN Capital, FJ Labs, and over 100 angel investors. The round supports expansion of banking-like services for underserved users in Latin America.