IFC provides further support for TerraPay with $90 million
Supported by Partech Africa, the IFC and Prime Ventures, the payment infrastructure start-up has just raised $100 million in Series B. The World Bank subsidiary is providing almost as much in the form of medium-term loans.
18/04/2023 at 16h49, by Africa Business+
Despite the tightening global credit conditions, start-up TerraPay received significant support from the International Finance Corporation (IFC). The World Bank subsidiary will provide a four-year loan of $30 million to the company’s Mauritius-based structure, TerraPay Mauritius, a TerraPay Holdings Limited, UK subsidiary.
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