IFC to Invest BRL 250 Million in Tradepay FIDC to Support Expansion of Retail MSMEs in Brazil, Drive Economic Growth
The investment will help promote greater market competitiveness by bolstering competition in the micro, small and medium enterprises (MSMEs) financing market through a capital market solution.
IFC and Banco BV Partner to Boost Climate-Smart Vehicles in Brazil
The project aims to widen access to finance for the purchase of these vehicles and help strengthen the country's climate finance market, mitigating climate impact and supporting economic recovery in the country.
IFC and Jive Partner to Support the Expansion of Credit Access for Small and Medium Enterprises in Brazil
The partnership aims to support the development of the distressed small and medium enterprises assets market in Brazil.
Brazil Central Bank Announces Tougher Rules for Fintechs
The move is expected to affect companies such as credit card issuer Nubank, payment company PagSeguro, financial technology solutions firm StoneCo and digital wallet PicPay.
IFC and Santander Brasil to Expand Access to Finance for Smaller Healthcare Providers, Boosting Brazil’s Health System
The $150 million financing package will allow the bank to expand its financing to doctors and healthcare micro, small, and medium enterprises for working capital and purchase of medical equipment.
IFC, Omni Support Truck Drivers, Immigrants, Refugees, and Micro-entrepreneurs in Brazil
The investment will increase Omni's capacity to assist their existing as well as new clients, thus supporting the private sector's recovery in the wake of the pandemic.
Brazil Central Bank Authorizes Tests of Facebook's WhatsApp Pay
Brazil’s central bank has authorized testing of payments via Facebook Inc’s messaging service WhatsApp in the country easing an outright ban on the service imposed last month.
IFC Provides $100M to Daycoval to Support SMEs Facing the Impacts of the COVID-19 Pandemic
This loan to Daycoval is being granted as part of IFC’s global response to combat the economic impacts of the COVID-19 pandemic.
Brazilian Fintech SuperSim, Which Focuses on Microlending, Secures $5.6 Million via Debt Financing
Like microlenders in other parts of the world, the company aims to democratize access to modern financial services, in order to promote financial inclusion.