International Finance Corporation

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 and operates in more than 100 countries. In Africa, IFC has actively invested $1.9 billion across 22 funding rounds from December 2015 to October 2025, targeting stages including Series A (6 rounds), Series B (5), and others such as Seed, Venture, Series C, Debt Financing, and more. Investments concentrate on fintech (10 rounds), e-commerce and retail (5), with additional focus on marketing and CRM, health tech, developer tools and cloud, and HR and talent. Geographic preferences include Nigeria (8 investments), South Africa (4), Egypt (4), Kenya (3), Ethiopia (2), and Côte d'Ivoire (1). Notable companies backed include Moniepoint, Halan, TradeDepot, MaxAB, and Andela.