PROJECT

Projects

Summary of Investment Information

Project Number

49760

Company Name

Bhub Cayman Ltd.

Date SPI Disclosed

Jun 6, 2024

Country

Brazil

Region

Latin America and the Caribbean

Projected Board Date

Jul 12, 2024

Environmental Category

B - Limited

Status

Active

Last Updated Date

Aug 30, 2024

Department

Equity Portfolio Management

Industry

Telecommunications and Technology

Previous Events

Approved : Aug 9, 2024
Signed : Aug 19, 2024
Invested : Aug 28, 2024

Sector

Computer Systems Design and Related Services (System Integration, Custom Computer Programming, IT Services etc.)

Project Description

  Headquartered in São Paulo, Brazil, BHub (or “the Company”) is a provider of cloud-based software that digitizes and automates complex back-office accounting and financial operations.

IFC is considering an investment of up to US$10 million in the form of convertible notes. The funding will support BHub in improving its product suite and expanding in Brazil.

Associated Advisory Engagement

  There are no associated advisory engagements with BHub.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation