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The proposed project is an investment of up to US$8.1 million in equity into TerraPay, an Africa focused B2B remittance processing hub for pre-funded small value (US$150) international money transfers. TerraPay’s focus is on delivering remittances to African mobile money operators and banks accounts. IFC investment will be part of a transaction by an investment consortium to acquire the company and fund its expansion.
Status
Active
Start Date
2019
Donor
Funding Instrument
Country
Region
Thematic
Unique ID
=A202+1
Amount in USD (in million)
8.10