IFC mulls $5m investment in GTR-backed online invoice platform Incomlend

IFC mulls $5m investment in GTR-backed online invoice platform Incomlend

IFC/World Bank HQ. Photo: IFC

The International Finance Corporation (IFC), a member of the World Bank Group, is proposing an equity investment of up to $5 million in Incomlend, a global invoice exchange platform backed by Singapore-based venture capital firm GTR Ventures.

Headquartered in Singapore and co-founded in 2015 by former Columbia Business School classmates Dimitri Kouchnirenko and Morgan Terigi, Incomlend is a marketplace for funding exporting corporates and small and medium enterprises, providing them with short-term financing against their invoices, according to IFC’s disclosure.

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