BID Invest granted a line of credit of up to ~US$60m to Mexican lending platform Konfio. Konfio will have access to an initial ~US$36m in credit capacity which can be…
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BNDES, IFC, and BID Invest committed R$1.2b to Patria’s Credito Estruturado Fund (FDIC). The fund will grant long-term credit of up to seven years to medium-sized companies that still do not have access to the capital market.
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The National Bank for Economic and Social Development (BNDES) and the Inter-American Development Bank (IDB) announce a partnership for the creation of an infrastructure credit fund of US $ 1.5 billion. “B2 Infra” will have at least 30% of BNDES funds, 10% of the IDB and the rest will be captured in the private sector, mainly institutional investors.
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BID Invest made an initial investment of US$3m in Argentinean fintech startup MONI Online, and it has the option to invest an additional US$2m in the startup’s next investment round. This is BID Invest’s first fintech investment.