PROJECT

Projects

Summary of Investment Information

Project Number

38704

Company Name

FINVEN LATAM INC

Date SPI Disclosed

Sep 23, 2016

Country

Argentina

Region

Latin America and the Caribbean

Projected Board Date

Oct 25, 2016

Environmental Category

C - No Impact

Status

Completed

Last Updated Date

Feb 28, 2024

Department

TMT, Venture Capital & Funds

Industry

Financial Markets

Previous Events

Approved : Dec 8, 2016
Signed : Feb 24, 2017
Invested : Feb 28, 2017

Sector

Virtual lending, P2P, crowdfunding

Project Description

The proposed project consists in an up to US$3 million equity investment in the Series B Equity Funding Round in Moni (“the Company”), a mobile wallet and financial services provider in Argentina to expand their operations that help to extend financial services to underbanked and increases efficiency in the country’s financial services market.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation