PROJECT

Projects

Summary of Investment Information

Project Number

39628

Company Name

THE CURRENCY CLOUD GROUP LIMITED

Date SPI Disclosed

Sep 20, 2019

Country

World Region

Region

Global

Projected Board Date

Oct 31, 2019

Environmental Category

C - No Impact

Status

Completed

Last Updated Date

Feb 27, 2022

Department

Equity Portfolio Management

Industry

Financial Markets

Previous Events

Approved : Nov 4, 2019
Signed : Nov 7, 2019
Invested : Nov 14, 2019

Sector

Money transfer, remittances

Project Description

IFC is seeking to invest in Currencycloud which operates a global B2B payments platform that reduces the friction in cross-border payments. IFC’s invests to support the Company’s expansion, in particular in Emerging Markets.  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation