Articles with tag: international finance corporation

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Figopara secures USD 1 mln in financing round

News | Online & Mobile Banking | 11 May 2020

Turkey-based fintech Figopara has raised a million dollars in its second financing round.

Turkey, fintech, Figopara, IFC, The World Bank’s International Finance Corporation, Revo Capital, Endeavor Catalyst, SMEs, invoices, lenders, Akbank, Fibabanka, ING Turkey, Yapi Kredi Bank

World Bank Group increases COVID-19 response to USD 14 Billion

News | Payments General | 19 Mar 2020

The World Bank and IFC have approved a USD 14 billion financing package of fast to assist companies and countries dealing with the COVID-19 pandemic. 

World Bank, IFC, International Finance Corporation, financial aid, financial support, world, COVID-19, coronavirus

World Bank Group announces up to USD 12 Billion for COVID-19 country response

News | Payments General | 04 Mar 2020

The World Bank Group is making available up to USD 12 billion to assist countries coping with the health and economic impacts of the global COVID-19 outbreak. 

The World Bank Group, World Bank, COVID-19, coronavirus, IDA, IBRD, IFC, International Finance Corporation, lending, low-interest loan

IFC teams with Coronation Merchant Bank to boost trade finance in Nigeria

News | E-invoicing, SCF & E-procurement | 04 Mar 2020

International Finance Corporation has announced a USD 40 million trade finance guarantee facility to Coronation Merchant Bank under its Global Trade Finance Program.

International Finance Corporation, partnership, trade finance guarantee facility, Coronation Merchant Bank, Global Trade Finance Program, trade finance, Nigeria, access to capital

Comviva divests its stake in TerraPay to Prime Ventures, Partech Partners, IFC

News | Payments General | 03 Mar 2020

Mobility solutions company Comviva has announced its divestment of stake in TerraPay, for an undisclosed amount to a consortium of global investors. 

Comviva, TerraPay, Prime Ventures, Partech Partners, International Finance Corporation (IFC), divestment, stake, payments, PSPs, payment infrastructure services, banks, mobile money operators, money transfer, cross-border

IFC raises trade finance limits to support firms amid COVID-19

News | E-invoicing, SCF & E-procurement | 24 Feb 2020

The International Finance Corporation has increased trade finance limits for Vietnamese banks to improve their capacity to cover SME payment risks after COVID-19 outbreak.

The International Finance Corporation, IFC, trade finance, payments risk, Vietnam, An Binh Commercial Joint Stock Bank, ABBank, Tien Phong Commercial Joint Stock Bank, Vietnam International Commercial Joint Stock Bank, Vietnam Prosperity Joint Stock Commercial Bank, Asia, APAC

IFC credit package boosts SCF for Vietnamese SMEs

News | E-invoicing, SCF & E-procurement | 28 Mar 2019

The International Finance Corporation and Orient Commercial Bank have signed a deal on a USD 100 mln USD credit package to promote supply chain financing.

The International Finance Corporation, IFC, Orient Commercial Bank, supply chain finance, lending, small and medium sized enterprises, SMEs, Co-Lending Portfolio Programme, Vietnam, Asia, APAC

IFC, Citi provide USD 1.2 bln to support trade in emerging markets

News | E-invoicing, SCF & E-procurement | 22 Jan 2019

The International Finance Corporation and Citibank have announced signing a USD 1.2 billion risk-sharing facility to help stimulate trade in emerging markets.

IFC, The International Finance Corporation, Citibank, partnership, trade finance, emerging market, Africa, Asia, APAC, emerging market trade flows, funding, risk-sharing facility