Demica (IFC-40125)

Regions
  • World
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
Proposed
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
Mar 20, 2018
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
DEMICA FINANCE LIMITED
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Ring Fence
  • Small & Medium Enterprises
A financial intermediary is a commercial bank or financial institution that receives funds from a development bank for a specific purpose. A "ring fence" is another name for the specific purpose. Financial intermediaries include insurance, pension and equity funds. A financial intermediary lends these funds to their clients in the form of loans, bonds, guarantees and equity shares.
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 Feb 26, 2018

Disclosed by Bank Feb 16, 2018

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Project Description

The IFC is considering an investment in Demica, a market leading provider of working capital solutions to large corporates and financial institutions.  According to IFC's website, "Demica combines expertise in structured finance, technology and operations to offer a complete spectrum of working capital solutions, from supply chain finance to trade receivables securitization. Demica’s services result in improved working capital for its corporate clients and their worldwide suppliers and distributors, many of which are SMEs. IFC is considering an equity investment in Demica, which will be used to finance the Company’s continued global growth."

Demica is a market leading provider of working capital solutions to large corporates and financial institutions. Demica combines expertise in structured finance, technology and operations to offer a complete spectrum of working capital solutions, from supply chain finance to trade receivables securitization. Demica’s services result in improved working capital for its corporate clients and their worldwide suppliers and distributors, many of which are SMEs. IFC is considering an equity investment in Demica, which will be used to finance the Company’s continued global growth.

Investment Description
  • International Finance Corporation (IFC)

The proposed IFC investment is for up to US$5 million in equity.

Financial Intermediary
  • Demica (Parent Company) owns
    Demica (Financial Intermediary)
Private Actors
Private Actors Description

Demica’s Chief Executive Officer is Matthew Wreford. The Company’s investors include TOMS Capital, 76 West Holdings and JRJ Group.

Contact Information

International Finance Corporation 
Leila Search 
Investment Officer 
202-473-7511 
LSearch@ifc.org 
2121 Pennsylvania Avenue, NW, Washington, DC 20433 USA 
http://www.ifc.org 

 

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