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Favicon of IFC

IFC

ifc.org β†—
4 investmentsΒ·4 products on Liners
The International Finance Corporation (IFC) is a member of the World Bank Group and the largest global development institution focused on the private sector in emerging markets. Headquartered in Washington, D.C., IFC provides investment, advisory services, and asset management to promote private sector development in developing countries. Established in 1956, it finances private enterprises without government guarantees to foster economic growth and job creation. IFC has been active in African startups, investing a total of $17.8 million across four funding rounds from April 2019 to October 2021. It participated in two Other-stage rounds and two Series A rounds, targeting HR & Talent, EdTech, E-commerce & Retail, and Fintech sectors. Geographically, investments spanned Nigeria (TERAWORK), Sierra Leone (Mosabi), Egypt (MaxAB), and South Africa (Lulalend). IFC co-invested with partners including Village Capital in two rounds, alongside RMBV, Flourish Ventures, Crystal Stream Capital, Rise Capital, BECO Capital, and 4DX Ventures.

Total Invested

$17.8M

Active Since

Apr 2019

Latest Investment

Oct 2021

Top Stage

Other

IFC Investment Regions

πŸ‡³πŸ‡¬ Nigeria (1)πŸ‡ΈπŸ‡± Sierra Leone (1)πŸ‡ͺπŸ‡¬ Egypt (1)πŸ‡ΏπŸ‡¦ South Africa (1)

IFC Investment Sectors

HR & Talent (1)EdTech (1)E-commerce & Retail (1)Fintech (1)

IFC Investment Timeline

Favicon of TERAWORK TERAWORK Other$20,000Oct 2021
withVillage Capital
Favicon of MosabiMosabiOther$20,000Oct 2021
withVillage Capital
Favicon of MaxABMaxABSeries A$15MAug 2021
withRMBVFlourish VenturesCrystal Stream CapitalRise CapitalBECO Capital+1 more
Favicon of LulalendLulalendSeries A$2.8MApr 2019

Products Backed by IFC

Favicon of TERAWORK
TERAWORK πŸ‡³πŸ‡¬
Hire vetted African talent for freelance and full-time work
HR & Talent
Favicon of Mosabi
MosabiπŸ‡ΈπŸ‡±
The digital playbook for your financial journey.
EdTech
Favicon of MaxAB
MaxABπŸ‡ͺπŸ‡¬
Order wholesale groceries on demand with transparent pricing
E-commerce & Retail
Favicon of Lulalend
LulalendπŸ‡ΏπŸ‡¦
Get SME funding online in as little as 24 hours
Fintech

Investors Similar to IFC

Village Capital (2)RMBV (1)Flourish Ventures (1)Crystal Stream Capital (1)Rise Capital (1)BECO Capital (1)4DX Ventures (1)

FAQs About IFC

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