ComparaOnline EQ (IFC-38037)

Countries
  • Chile
Where the impacts of the investment may be experienced.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
C
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Jun 24, 2016
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
COMPARA ONLINE
The holder of the loan, grant, or other investment.
Investment Type(s)
Equity
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 5.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 16, 2017

Disclosed by Bank Mar 29, 2016


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Project Description
The proposed investment is a $5M investment in Compara Online (“CO” or “the Company”), a leading online car insurance comparison and distribution platform in Chile and Brazil.
Investment Description
  • International Finance Corporation (IFC)
ComparaOnline was founded by Sebastian Valin, the current CEO. ComparaOnline is backed by international venture capital investors such as Ribbit Capital, Kaszek Ventures, Rise Capital, Endeavor Catalyst and Simon Nixon.
Contact Information
Sebastián Valin Chief Executive Officer Direct Line: +56 (2) 2483 9143 mailto:svalin@comparaonline.com comparaonline.com ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/