Victory Park Capital partners with IFC for emerging markets fintech fund

By Daniel Lanyon on 19th March 2018

P2P/Marketplace Lending

The two firms will target growth investments in technology-driven companies across emerging markets with a focus on financial infrastructure, products

Victory Park Capital partners with IFC for emerging markets fintech fund

and services.

Victory Park Capital has launched a new fund together with the International Finance Corporation, a member of the World Bank Group, to invest in new fintech companies in emerging markets.

The partnership aims to improve access to debt capital for financial technology companies that lend to small businesses and consumers in emerging markets.

VPC and IFC will target growth investments in technology-driven companies across emerging markets with a focus on financial infrastructure, products and services.

Brendan Carroll, senior partner and co-founder of VPC says the partnership will open ‘a world of opportunities’ to fill the growing need for capital in emerging markets.

“We are a long-standing investor to companies that provide innovative financial solutions, often overlooked by traditional investors despite generating attractive returns, and we are eager to continue identifying high-quality opportunities alongside IFC,” he said.

Kai Schmitz, Principal Investment Officer of IFC, says the group has seen a lack of growth capital available to fintech companies, both debt and equity financing to support new lending solutions in emerging markets. 

Comments

AltFi Amsterdam Summit 2018

AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.

5th November 2018


Companies in this Article:

International Finance Corporation
Victory Park Capital
World Bank

More like this:

Zopa boosts rates for investors

17th September 2018
Daniel Lanyon

Orca launches £500k crowdfunding raise

17th September 2018
Ryan Weeks