Tag: International Finance Corporation to invest $200 mn in Mahindra Finance

Fintech company TerraPay raises $9.6mn from IFC as Mahindra disinvests

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Fintech company TerraPay recently announced that it has raised $9.6mn from Prime Ventures (VC), IFC – International Finance Corporation, and Partech. The fresh funding follows the disinvestment from Comviva Technologies Ltd, a subsidiary of Tech Mahindra Ltd from the company. Ambar Sur, Founder, and CEO at TerraPay, said in a statement that the company will…

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IFC to invest $200 Mn in Mahindra Finance to boost MSME Lending

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IFC, a part of the World Bank Group, has anchored an investment round of $200 million in Mahindra & Mahindra Financial Services Ltd. Mahindra Finance to create a dedicated pool of financing for micro, small and medium enterprises (MSMEs) in low-income states. At least $100 million will be earmarked for womenowned MSMEs. IFC has invested…

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