PROJECT

Projects

Summary of Investment Information

Project Number

47504

Company Name

VERTERA HOLDING SA

Date SPI Disclosed

Apr 17, 2023

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

May 17, 2023

Environmental Category

C - No Impact

Status

Hold

Last Updated Date

Nov 2, 2023

Department

Disruptive Technologies and Funds

Industry

Financial Markets

Previous Events

Approved : Jun 15, 2023

Sector

Other Non-Banking Financial Institution (NBFI)

Project Description

The project consists of an equity investment for a minority stake in Vértera Holding S.A. (“Vertera”, “Vortx”, or the “Company”), a leading regulated, independent cloud-based fiduciary, trust, and fund administration agent for the local capital markets in Brazil. IFC is proposing US$20 million in preferred equity financing to support the Company’s operations and organic and inorganic expansion.                                                   

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation