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IFC to Invest BRL 250 Million in Tradepay FIDC to Support Expansion of Retail MSMEs in Brazil, Drive Economic Growth

Smaller supply chain retailers in the consumer goods industry will have increased access to finance with IFC investing up to BRL 250 million (≈ $48 million) to acquire senior quotas of Tradepay Varejo I, a Fundo de Investimentos em Direitos Creditórios (FIDC) managed by Solis Investimentos Ltda., a leading FIDC fund manager in Brazil.

IFC's support will help promote greater market competitiveness by bolstering competition in the micro, small and medium enterprises (MSMEs) financing market through a capital market solution (i.e. investing in a FIDC). Tradepay exclusively provides funding support to MSME retail clients of large brand name companies which process their supply chain transactions and invoice settlement on Trademaster's (TM) digital platform. TM is an innovative fintech company in the niche market of trade technology in Brazil. Tradepay will use the proceeds of the investment to acquire receivables and credit rights originated mostly by MSME retailers across Brazil.