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IFC Invests $40 M in Tanner Servicios Financieros to Back the Creation of Tanner Banco Digital and Support Electromobility, MSMEs and Women-Led Businesses in Chile
The International Finance Corporation (IFC), a member of the World Bank Group (WBG), announced an equity investment of $20 million (in Chilean pesos equivalent) in Tanner Servicios Financieros S.A. to strengthen its capital base and support growth, including the creation of a fully licensed and regulated commercial bank subsidiary. Additionally, IFC has provided a long-term senior unsecured convertible loan of up to $20 million to finance Tanner's electromobility and MSME portfolios, with a focus on women-owned SMEs (WSMEs).
The financing will be complemented by advisory services from IFC to support Tanner develop an embedded finance strategy to enhance client acquisition through partnerships with non-financial companies.
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Open Finance: A Guide to Knowledge Resources
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