PROJECT

Projects

Summary of Investment Information

Project Number

45323

Company Name

SOLIS INVESTIMENTOS LTDA

Date SPI Disclosed

Nov 18, 2021

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Feb 1, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Nov 2, 2022

Department

Regional Industry FIG LAC & EUR

Industry

Funds

Previous Events

Approved : Feb 1, 2022
Signed : Jun 29, 2022
Invested : Oct 28, 2022

Sector

Fund Management Company

Project Description

The proposed project consists of an investment in senior quotas of FIDC Tradepay Varejo I (Tradepay or the Fund), a short-term, non-recourse, virtual credit card receivables fund managed by Solis Investimentos (Solis or the Fund Manager) in Brazil (the Project). Tradepay exclusively finances Trademaster (TM), a Fintech/Tradetech payment/settlement platform for the Brazilian retail sector interacting with large consumer product companies.                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation