PROJECT

Projects

Summary of Investment Information

Project Number

36306

Company Name

INVOINET HOLDINGS LLC

Date SPI Disclosed

Mar 3, 2015

Country

Argentina

Region

Latin America and the Caribbean

Projected Board Date

Apr 6, 2015

Environmental Category

C - No Impact

Status

Active

Last Updated Date

Nov 30, 2016

Department

Equity Portfolio Management

Industry

Financial Markets

Previous Events

Approved : Apr 23, 2015
Signed : Jun 15, 2015
Invested : Jun 26, 2015

Sector

Online payments, ecommerce payments

Project Description

InvoiNet Holdings LLC (“InvoiNet” or the “Company”) is an invoice management and working capital financing facilitation company, headquartered in Buenos Aires, Argentina. InvoiNet provides services and connects large corporates and small and medium enterprises for invoice management such as resolving disputes online, reconciling accounts, receiving payments through multiple channels, and developing receivables-based financing strategies.

IFC is considering funding of up to $4m in equity to scale the Company’s working capital exchange business to small and medium enterprises, and support expansion in Brazil, Colombia, Mexico, and Peru.

Associated Advisory Engagement

N/A

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation