Victory Park Capital (“VPC”), a leading investment firm focused on providing flexible debt and opportunistic equity solutions worldwide, announced today that it has launched a new fund together with the International Finance Corporation (“IFC”), a member of the World Bank Group. The new fund will invest in financial technology companies in emerging markets. The partnership aims to improve access to debt capital for financial technology companies that lend to small businesses and consumers in emerging markets.
Fintech adoption is being driven by countries in emerging markets, a recent EY study suggests.
The new fund will combine VPC’s decade-long expertise in investing in financial services and financial technology with IFC’s leading role in investing in these sectors in developing countries. VPC and IFC will target growth investments in technology-driven companies across emerging markets with a focus on financial infrastructure, products and services.
Brendan Carroll, senior partner and co-founder of VPC said:
“Our partnership with IFC opens a world of opportunities to fill the growing need for capital in emerging markets and scale our existing exposure. ”