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IFC Mobilizes Four Banks to Finance Banco Daycoval and Support Female Entrepreneurship and Smaller Businesses in Brazil

By focusing on the SMEs segment, including women-owned businesses, IFC aims to help close the existing financing gap for these two segments.

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Brazil: Nubank Partners With SoftBank-Backed Lending Fintech Creditas

Creditas’ products and services will be available on Nubank’s app in Brazil by the end of this year.

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IFC, Banco Daycoval Support Smaller Businesses, Including Those Owned by Women, in Brazil

The financing package consists of $130 million from IFC's own-account and a $270 million syndicated loan from a group of 10 banks.

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Brazil-Based Mobile Payments Platform RecargaPay Attracts $70 Million

RecargaPay is a mobile payments platform and wallet for Brazil that is focused on simplifying everyday payments for banked and unbanked consumers in Brazil.

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IFC and Jive Partner to Support the Expansion of Credit Access for Small and Medium Enterprises in Brazil

The partnership aims to support the development of the distressed small and medium enterprises assets market in Brazil.

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Brazilian Fintech SuperSim, Which Focuses on Microlending, Secures $5.6 Million via Debt Financing

Like microlenders in other parts of the world, the company aims to democratize access to modern financial services, in order to promote financial inclusion.

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Brazil Central Bank Authorizes Tests of Facebook's WhatsApp Pay

Brazil’s central bank has authorized testing of payments via Facebook Inc’s messaging service WhatsApp in the country easing an outright ban on the service imposed last month.

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IFC Provides $100M to Daycoval to Support SMEs Facing the Impacts of the COVID-19 Pandemic

This loan to Daycoval is being granted as part of IFC’s global response to combat the economic impacts of the COVID-19 pandemic.