The investment will support women-led businesses in particular and help expand financial services in the Brazilian Legal Amazon region, contributing to promoting the country's inclusive and sustainable economic growth.

IFC and Banco Daycoval, one of Brazil's leading mid-sized banks in the corporate credit market, have just signed a $460 million loan agreement to stimulate credit for female entrepreneurship and micro, small, and medium enterprises (MSMEs), particularly in the Legal Amazon region.

Parabank, the world’s first digital bank focused on people with disabilities, is now launching credit and prepaid cards with a variety of benefits, including partnerships with rehabilitation clinics, a marketplace with products and services and access to investment services.

Ant International will enhance the credit management capability and infrastructure efficiency for Dock clients, comprising of financial institutions, retailers, and fintech start-ups.

The investment will help close Brazil's social financing gap and bolster a more inclusive economic growth.

Registration is now open for the annual Responsible Finance Forum (RFF) event, convened by the Center for Financial Inclusion at Accion, which will take place July 2-3, 2024 in Fortaleza, Brazil. 

Latin American fintech Clara has launched a payment account in Brazil that it expects will help it reach $1.23 billion in transactions in 2024.

International payments in rising markets company EBANX has been authorized by the Central Bank of Brazil to offer a payment initiator service via Brazil’s instant payment platform Pix. 

The project represents the first gender bond issued by a private bank in Brazil in the form of Letras Financeiras (LFs), an exclusive debt security instrument for local financial institutions.

The investment will help promote greater market competitiveness by bolstering competition in the micro, small and medium enterprises (MSMEs) financing market through a capital market solution.