By Daniel Lanyon on 19th March 2018
The two firms will target growth investments in technology-driven companies across emerging markets with a focus on financial infrastructure, products
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.