IDB Invest is considering an investment of up to US$30 million in senior, US dollar-denominated quotas of the XLC Private Debt Fintech Investment Fund (the "Fund"), which is managed by XLC Administradora General de Fondos S.A. (the "Fund Manager"). The Fund's main objective is to invest in invoices and other private debt instruments originated by X Capital SpA ("Xepelin"), a fintech company specialized in providing financial services to small and medium-sized enterprises ("SMEs").
The development goal of the investment is to support access to financing for Chilean SMEs. IDB Invest's participation will allow the Fund to reach enough scale to effectively execute its investment strategy.
ADDRESS: 1350 New York Ave NW, Washington, DC 20005
ACCOUNTABILITY MECHANISM OF IDB / IDB INVEST
The Independent Consultation and Investigation Mechanism (MICI) is the independent complaint mechanism and fact-finding body for people who have been or are likely to be adversely affected by an Inter-American Development Bank (IDB) or Inter-American Investment Corporation (IDB Invest)-funded project. If you submit a complaint to MICI, they may assist you in addressing the problems you raised through a dispute-resolution process with those implementing the project and/or through an investigation to assess whether the IDB or IDB Invest is following its own policies for preventing or mitigating harm to people or the environment. You can submit a complaint by sending an email to MICI@iadb.org. You can learn more about the MICI and how to file a complaint at http://www.iadb.org/en/mici/mici,1752.html (in English) or http://www.iadb.org/es/mici/mici,1752.html (Spanish).