PROJECT

Projects

Summary of Investment Information

Project Number

46574

Company Name

NAKED FINANCIAL TECHNOLOGY (PTY) LIMITED

Date SPI Disclosed

Jul 21, 2022

Country

South Africa

Region

Africa

Projected Board Date

Aug 22, 2022

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Dec 24, 2022

Department

Disruptive Technologies and Funds

Industry

Financial Markets

Previous Events

Approved : Sep 26, 2022
Signed : Dec 9, 2022
Invested : Dec 22, 2022

Sector

General Insurance (Non-Life)

Project Description

IFC is considering an equity investment into Naked Financial Technology Pty Ltd (“Naked” or “the Company”), a full-stack insurtech in South Africa that offers personal-lines auto, home and single item insurance. The investment will be into a holding entity in South Africa that owns 100% of Naked.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation