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IFC launches $225M platform to back early-stage startups in Africa, Asia, Middle East

The International Finance Corporation (IFC) has today launched a $225 million platform to back early-stage startups in Africa, Middle East, Central Asia, and Pakistan.
The IFC, a member of the World Bank, will through the platform make equity and “equity-like” investments in tech startups to “grow them into scalable ventures that can attract mainstream equity and debt financing.”
The institution said in a statement that it will also use the sector-agnostic platform to work closely with other members of the World Bank to champion for regulatory reforms, sector analyses and other changes that ca

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