Project Description
The project entails IFC taking a minority equity position in Angel Infin Private Ltd (Angel) an Indian financial services firm focused on retail broking services. The equity investment will support Angel’s expansion in to Tier 2 and Tier 3 cities in India and hence gain access to a larger client base. The investment will also help Angel introduce new products to serve its clients more effectively. The investment is well aligned to the IFC strategy of supporting organizations in their growth phase and meets IFC’s objective of promoting financial inclusion in India through ensuring access to a broader range of financial savings products.