PROJECT

Projects

Summary of Investment Information

Project Number

47980

Company Name

DCI ATLAS SPV LLC

Date SPI Disclosed

Sep 27, 2023

Country

World Region

Region

Global

Projected Board Date

Oct 31, 2023

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Jun 19, 2024

Department

Products Clients and Innovation

Industry

Financial Markets

Previous Events

Approved : Dec 5, 2023
Signed : May 30, 2024
Invested : Jun 17, 2024

Sector

Other Non-Banking Financial Institution (NBFI)

Project Description

The proposed project consists of (i) a senior secured loan of up to US$[40] million (in US$) to a special purpose vehicle (the SPV) sponsored and serviced by Drip Capital Inc. (Drip Capital or the Company). The purpose of the IFC loan is to fund the Company’s cross-border seller finance business in India and Mexico.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation