PROJECT

Projects

Summary of Investment Information

Project Number

40729

Company Name

MANDAE SERVICIOS DE CONSULTORIA EM LOGISTICA S / A

Date SPI Disclosed

Dec 19, 2017

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Dec 31, 2017

Environmental Category

C - No Impact

Status

Completed

Last Updated Date

Feb 12, 2022

Department

Disruptive Technologies and Funds

Industry

Infrastructure

Previous Events

Approved : Jan 9, 2018
Signed : Mar 30, 2018
Invested : Apr 19, 2018

Sector

Other (Including General Freight Trucking)

Project Description

Mandae Technologies (“Mandae” or the “Company”) is an e-logistics software company that helps small-and medium-sized e-commerce companies obtain more affordable and efficient shipping services. The Company, headquartered in Sao Paulo, Brazil, was founded in 2014 by entrepreneurs Marcelo Fujimoto and Karim Hardane. The proposed IFC investment (“Project”) consists of up to US$2.5 million in equity for a minority stake to support Mandae’s expansion to other cities across Brazil.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation