- Chilean financial institution Tanner Servicios Financieros has secured a $40 million investment from the International Finance Corporation (IFC), part of the World Bank Group.
- The deal includes a $20 million equity investment in common shares and a five-year convertible loan worth up to $20 million.
- The funding aims to bolster Tanner’s capital base, accelerate its MSME and automotive credit services, and support its goal of establishing a fully licensed banking subsidiary.
- The initiative aligns with the World Bank Group’s Gender Strategy, with a focus on funding female-founded businesses.
- Tanner is in the final stages of regulatory approval to launch its banking unit, Tanner Banco Digital, a key step in its embedded finance strategy targeting partnerships with non-financial companies.
