PROJECT

Projects

Summary of Investment Information

Project Number

39038

Company Name

KOIN SA

Date SPI Disclosed

Jul 28, 2017

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Sep 8, 2017

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Oct 19, 2024

Department

Equity Portfolio Management

Industry

Financial Markets

Previous Events

Approved : Dec 18, 2017
Signed : Jan 9, 2018
Invested : Jan 16, 2018

Sector

Online payments, ecommerce payments

Project Description

The proposed project consists in an up to US$2.25 million equity investment in the Series A Equity Funding Round in Koin Administradora de Cartões de Crédito Ltda. (“Koin” or the “Company”). Koin is a payment solution provider (“PSP”) that offers a postpaid solution for online purchases where the consumer receives the goods before paying directly to the merchants. The Company also provides credit for online purchases in installments.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation