Category: Digital Products
Digital Products
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TerraPay raises $95 million from IFC, Finnfund & BII for low-cost remittance transfers across Africa
TerraPay, an Africa-focused digital payments provider, has raised $95 million from the International Finance Corporation (IFC) and the British International Investment (BII) to boost access to affordable remittances and support livelihoods and business activity across Africa. IFC’s $75 million financing package for TerraPay includes a $30 million loan from IFC’s own account, a B Loan
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