IFC mulls $15m equity funding for Thai payments firm

Photo: Pixabay

International Finance Corporation (IFC) is considering an equity investment of up to $15 million in Thailand-based payments company 2C2P, according to a disclosure.

2C2P was the target of a failed acquisition attempt by Southeast Asian ride-hailer Grab, per a Bloomberg report in June. The Thai company was said to have attracted preliminary offers ranging up to about $200 million from bidders but later decided to remain independent and raise capital.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter