The International Finance Corporation (IFC) has announced a $50m (£36.5m) follow-on investment in Victory Park Capital Investor Fund W to expand the financing of SMEs in emerging markets.
With this fresh investment, plus additional support from IDB Invest, the fund now exceeds $200m in total commitments.
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The new commitment extends the investment period to 2030 and enables Victory Park Capital (VPC) to provide private debt financing to new fintech leaders, while expanding access to credit for underserved micro, small and medium-sized businesses in emerging markets.
“We’re proud to continue our partnership with IFC, whose ongoing support is a strong endorsement of our strategy to expand access to responsible credit for underserved small businesses across emerging markets, particularly Mexico and Colombia,” said Gordon Watson, partner at VPC.
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“Together, we’re helping fuel the growth of next-generation financial platforms that deliver critical capital to the market segments driving local economies forward.”
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