38020 - Guia Bolso

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Summary of Investment Information

Project Number

38020

Company Name

GUIABOLSO FINANCAS CORRESPONDENTE BANCARIO E SERVICOS LTDA

Date SPI Disclosed

Feb 5, 2016

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Mar 7, 2016

Environmental Category

C - No Impact

Status

Completed

Last Updated Date

Jan 5, 2022

Department

TMT, Venture Capital & Funds

Industry

Financial Markets

Previous Events

Approved : Mar 18, 2016
Signed : Apr 22, 2016
Invested : May 10, 2016

Sector

Finance Companies - Consumer Finance

Project Description

The proposed project consists in an up to US$4 million equity investment in the Series C Equity Funding Round in Guia Bolso (“Guia Bolso” or “the Company”), a leading Personal Finance Management Application in Brazil to expand their operations that help to increase the competitiveness and transparency of the country’s financial services market.

Associated Advisory Engagement

N/A

Sponsor / Cost / Location

Product Line	IFC Investment (million USD)
Risk Management
Guarantee
Loan
Equity	4.0

Development Impact

1. IFC''s Global expertise and presence: Guia Bolso will benefit from IFC''s global expertise and knowledge in the FinTech sector. IFC will also add expertise with financial service regulation, which should enable the company to better manage its risk and tailor its services. In this respect, IFC will be able to support the company''s growth plan into a lending marketplace.
2. Network of Financial Institutions, Investors and Regulatory Agencies: Through an IFC investment, the company will gain access to IFC''s network of financial institutions and financial investors, e.g. Funds & facilitating potential partnerships; and as a member of the World Bank Group, has the ability to play honest broker and faciliate regulatory discussions.
3. Stamp of Approval: An involvement from IFC would give credibility to innovative models that have the potential to significantly expand access to financial services in emerging markets.
4. Access to patient capital: As a more patient capital investor, IFC will be able to support an exciting young company to expand financial services in Latin America.

E&S Category Rationale / Risks and Mitigation

Guia Bolso is expected not to own or construct any infrastructure or to commission the manufacture of any equipment. As a result, environmental and social risk in this project is expected to be low, mainly in the management of human resources. So this project is classified as Category C, but Guia Bolso will still be required to develop and implement policies and procedures for managing human resources in compliance with IFC’s Performance Standards.

Contacts

For Inquiries About the Project, Contact

Benjamin Gleason
Founder and CEO
Av. Brigadeiro Faria Lima, 1.656
mailto:benjamin@guiabolso.com.br

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