PROJECT

Projects

Summary of Investment Information

Project Number

38728

Company Name

COMPAREASIAGROUP CAPITAL LIMITED

Date SPI Disclosed

Nov 11, 2016

Country

Hong Kong SAR, China

Region

East Asia and the Pacific

Projected Board Date

Dec 13, 2016

Environmental Category

C - No Impact

Status

Active

Last Updated Date

May 2, 2024

Department

Equity Portfolio Management

Industry

Financial Markets

Previous Events

Approved : Jan 17, 2017
Signed : May 12, 2017
Invested : Jun 29, 2017

Sector

Mobile channel service providers

Project Description

CompareAsiaGroup (the “Company”), founded in July 2013, aims to become the market leader of financial product comparison platforms for Southeast Asia with operations in 7 markets (Hong Kong, Singapore, Taiwan, Thailand, Philippines, Indonesia, and Malaysia). IFC is considering an equity investment in CompareAsiaGroup (the “Project”), which will be used to finance the Company’s continued expansion in the region. The Project aligns with IFC’s contribution to the WBG goals by addressing access gaps to financial services through the use of financial technology (FinTech).

Associated Advisory Engagement

N/A

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation