PROJECT

Projects

Summary of Investment Information

Project Number

38037

Company Name

COMPARA ONLINE

Date SPI Disclosed

Mar 29, 2016

Country

Chile

Region

Latin America and the Caribbean

Projected Board Date

Apr 30, 2016

Environmental Category

C - No Impact

Status

Active

Last Updated Date

Nov 30, 2016

Department

Disruptive Tech, Service & Funds

Industry

Financial Markets

Previous Events

Approved : Jun 24, 2016
Signed : Jul 1, 2016
Invested : Jul 1, 2016

Sector

General Insurance (Non-Life)

Project Description

The proposed investment is a $5M investment in Compara Online (“CO” or “the Company”), a leading online car insurance comparison and distribution platform in Chile and Brazil. Launched in its home market of Chile in 2010, CO was originally a lead generation platform for financial products. After investment from key venture capital investors including Kaszek Ventures and Ribbit Capital, the Company first expanded to Brazil and then became a licensed broker for car insurance in 2014, which has become the main focus of the business.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation