PROJECT

Projects

Summary of Investment Information

Project Number

42062

Company Name

MINTIFI PRIVATE LIMITED

Date SPI Disclosed

Feb 6, 2019

Country

India

Region

South Asia

Projected Board Date

Mar 8, 2019

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

May 22, 2019

Department

Global Industry, Financial Markets

Industry

Financial Markets

Previous Events

Approved : Apr 17, 2019
Signed : May 6, 2019
Invested : May 17, 2019

Sector

other

Project Description

IFC is considering an equity investment in Mintifi Private Limited (“Mintifi” or the “Compnay”), a tech-driven distributor / dealer financing platform, that provides financing to MSMEs that act as dealers or distributors for small & mid-sized corporates in India. Typically, such borrowers do not have access to financing from formal channels.                                                 

Associated Advisory Engagement

The IFC team has devised an advisory project to help Mintifi in its next phase of growth with focus on scaling up the business, upgrading technology, enhancing risk and portfolio management, and improving corporate governance.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation