IFC mulls commitment to Egypt fintech fund
The IFC is considering an equity investment of up to $5 million in Disruptech Fund I, an Egypt-based seed fund that is raising $25 million (hard-cap at $30 million) to invest in Egyptian fintech and fintech-enabled (insurance, e-commerce) startups.
The fund will be managed by its general partner, Disruptech Ventures Egypt, a Dutch limited liability holding company. The general partner would be subject to Dutch jurisdiction.
IFC has proposed an equity investment of up to $5 million (not to exceed 20% of total commitments).
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