IFC discloses proposed investment in Quona Fund IV
The venture fund will back companies expanding financial inclusion.
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The International Finance Corporation has disclosed a proposed equity investment of up to $12 million in Quona Fund IV, a venture capital fund that backs early- and growth-stage companies expanding financial inclusion in emerging markets.
The fund is managed by Quona Capital Management.
Quona Fund IV will primarily make investments in Latin America, Southeast Asia, South Asia and Africa.
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