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
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.
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.